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Just watched Outfront on CNNHD and they can't figure out why the stock market jumped today
CNNHD ^ | 6/6/2012 | Jay Lensch

Posted on 06/06/2012 4:15:20 PM PDT by Jayster

Don't usually watch CNN, however I did last night and today to see the spin on the election. Erin Burnett posed the question as to why the Stock Market jumped today and had a few guests on talking about it and they all seemed very confused. I mean really confused. NEVER ONCE did they bring up the ELECTION!!!!!!!!!!!

(Excerpt) Read more at outfront.blogs.cnn.com ...


TOPICS: Crime/Corruption; Extended News; Front Page News; Miscellaneous; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: cnn
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To: Jayster

I don’t want to seem like a wet blanket, but the market shot up today because the fed commented that they may inject dollars into the system. Same thing in Europe.

The election was part of it...but the market was poised to go before the polls closed.


21 posted on 06/06/2012 6:37:20 PM PDT by Vermont Lt (I just hate our government. All of them. Republican and Democrat.)
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To: Vermont Lt

Many variables....

Read Post 12


22 posted on 06/06/2012 6:48:23 PM PDT by Jayster
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To: Jayster
That's the first thing I thought of when I heard the guy on the radio saying the market was doing a "rebound." The commentator was, of course, crediting obscure events in Europe. I don't believe either was necessarily the cause, more like profit-taking and everybody noticed the up was a bit upper than had been expected so everyone got on board. The euphoria from Wisconsin may well be what produced that initial overbounce, though. It does have optimistic economic ramifications in its political ramifications.

All in all most times I don't think commentators' statements about what caused a rise or what caused a drop derive from anything more significant than their exhaust ports. They just look around and see what all happened today and pick the things that go the same direction as the market action and declare it the cause.

23 posted on 06/06/2012 6:49:24 PM PDT by arthurus ( Read Henry hazlitt's "Economics In One Lesson")
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To: WellyP
At the end he musycome down in support of the kenyan in order to retain Clinton political viability. I think he would like see the kenyan lose but he wants himself and Mrs. Bill to stay effective in the Democrat Party.
24 posted on 06/06/2012 6:56:23 PM PDT by arthurus ( Read Henry hazlitt's "Economics In One Lesson")
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To: Jayster
The stock market jumped today because once Walker won that bellwether election, it essentially was a warning to Obama to stop excessive Federal spending and serious consider a major income tax overhaul, both of which would ignite the next American economic boom if these reforms are implemented.

If Obama doesn't heed that message, we can watch President Romney's inauguration on January 20, 2013.

25 posted on 06/06/2012 7:27:34 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Jayster

I will certainly agree with you on your last point!


26 posted on 06/06/2012 7:50:01 PM PDT by GnL
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To: Jayster
And the funny thing is if the Dow moves 15 points in a 12,500 total they look in the camera with a straight face and say something like “The Oil Minister of UAE stubbed his toe while golfing yesterday.” THEY KNOW THIS, but they don't know why the Dow jumped the most in this calendar year? Right!
27 posted on 06/07/2012 4:37:16 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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Comment #28 Removed by Moderator

To: RckyRaCoCo

Yeah, I hear that Shep blows off a lot of things.


29 posted on 06/07/2012 6:42:11 AM PDT by RipSawyer
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To: WellyP

He may say something on that order because he HAS TO to keep on being a Democrat elder but he really does not want to see Obama reelected, he didn’t want to see him elected in the first place and he most certainly does not want to see him win again. I still remember Clinton’s speech in “support” of Obama as the nominee. Clinton was literally speaking tongue in cheek, he kept poking his tongue into his right cheek and pushing as hard as he could between sentences. It was obvious to anyone but an idiot that he did not mean one word he was saying and he wanted to make sure that it was obvious.

It was the only instance I can recall of a former president saying the opposite of what he wanted to say and yet trying to make it obvious that he did NOT mean what he was saying.


30 posted on 06/07/2012 6:55:39 AM PDT by RipSawyer
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To: WellyP

Yep, Big Ben just sounded less than ready for QE3 and already the market is going back down.


31 posted on 06/07/2012 7:20:33 AM PDT by 9YearLurker
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To: Jayster

WI had nothing to do with it.


32 posted on 06/07/2012 3:14:34 PM PDT by Diggity
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To: Diggity

That is not my point....

Read 12


33 posted on 06/07/2012 3:51:54 PM PDT by Jayster
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