Purple Koolaid for Democrats (?): Stocks soar to six-week highs

CBS Marketwatch ^ | 10/21/2002 | Julie Rannazzizi

[RooRoobird14]

NEW YORK (CBS.MW) -- Stocks rode positive earnings news to a third consecutive session of gains Monday, reaching levels not seen since mid-September thanks to rallies in financial stocks as well as consumer companies such as Coca-Coca and McDonald's.

The Dow jumped 2.6 percent and the Nasdaq 1.7 percent.

"The market's clearly turned over a new leaf. For the first time in a while, earnings are exceeding expectations," remarked Stephen Massocca, president & head of trading at Pacific Growth Equities.

On the sector front, airline, auto, utility, natural gas, consumer, chip and networking stocks led on the upside. And oil service issues pared early losses that came following a plunge in crude futures.

[RooRoobird14]

Little Tommy D@ssh*le: "I'm melting, melting, what a world, what a world....."

For every dollar you and I gain back in our 401k's, Little Tommy and Terry McAuliffe shriek and claw at their puckered, tortured faces. It's a thing of beauty. LOL.

[BJClinton]

For every dollar you and I gain back in our 401k's, Little Tommy and Terry McAuliffe shriek...

No kidding. If this keeps up, it removes the last issue they could use in November. I guess now we'll see the race card played at every opportunity.

[RoseofTexas]

Hehehehhhe...I've been out all day, so what was the final count?100+?

[RetiredArmy]

Up 215.84 last I saw on Fox.com.

[RetiredArmy]

The site on Fox.com:

http://www.foxnews.com/story/0,2933,66213,00.html

[RooRoobird14]

Dow up by 215.84, Nasdaq up by 21+. You know this is just killing James CarVILE, Terry McAuliffe, and the rest of the Dumb@ssocrats. They'd be very happy if everybody lost EVERYTHING in their 401k's.

[RoseofTexas]

HOLY DOW!!! Dasshole is probably committing KAMAZUKI(whatever it's called) LOL!

[Bubba_Leroy]

I just hope that the rally holds through election day. Then all the Rats will have left is using the race card and scaring seniors.

[Wright is right!]

The funny thing is, I don't think this is a real REAL rally. I think it's being sustained to sucker some of the sidelined cash back into the market - and that profit-taking may quickly follow the elections. I think we still have one more big dip left this year.

Michael

[Cobra64]

Let's not become too overconfident. We saw 300 point-drop disasters not too long ago. If the market stays the upward trend, yes, the libs will talk about us starving children and killing old people.

Regardless, I won't feel confident about retiring until the dow is back up to at least 10,000. I should have cashed in two years ago.

[Eala]

HOLY DOW!!! Dasshole is probably committing KAMAZUKI(whatever it's called) LOL!

KAMAZUKI?? Is that what you get when you cross the Kama Sutra with Harakiri?

[RooRoobird14]

Please don't ever use D@sshole and Kama Sutra in the same post again. It's just too horrifying.......

[Cable225]

KAMAZUKI?? Is that what you get when you cross the Kama Sutra with Harakiri?

No, it's a hybrid motorcycle built with parts from Kawasaki, Yamaha, and Suzuki. They call it the Kamazuki Dowfollower.

[RooRoobird14]

With hubby and I still down at least $300k since March 2000, "confident" doesn't exactly describe my feelings about the stock market.

But you have to admit, this little trend at this time is causing the Dimwits to soil their shorts, and yah gotta love that--LOL!

[babble-on]

it feels phony to me as well, but politically it couldn't be happening at a better time. If it holds up for another week or two, we really might get the Senate.

[RoseofTexas]

Bawhahhahahhaha....OMGawd! I haven't laughed so hard in quite sometime....I meant to say HARAKIRI!!! What did they call it when the Japanese pilots crashed into the ships?

[friendly]

This is an excellent time to buy stocks.

You can make a lot of serious money in the near future, as it is currently very easy to buy high value stocks at dirt cheap prices. Just purchase blue chip stocks where there is no Demcrat politician on the board, or where no member of the board or CEO contributes to the democraps. I find this to be a fool-proof rule to avoid being ripped off! All of the major stock collapses violate this simple rule: Global Crossings, Enron, Tyco, etc.

Wall Street is obviously becoming more confident that the Corrupt Trial Lawyer Party, sorry.. I meant democrap party, will lose at the polls in November.

Remember how the stock market soared on news that Toricelli was not going to campaign any further. It then tanked when the New Jersey "supreme" court broke the law to allow Frank Lautencadaver to run against Forrester.

[RooRoobird14]

If this trend continues for several more days, what will the Dumb@ssocrat's explanation be? Oh yes, it was that landmark "Economic Forum" Little Dickie and D@sshole staged last week. The history books will record how that Dumbocrat circle jerk bailed out the American economy for sure--NOT.

LOLOLOL!!!

[RooRoobird14]

Warren Buffett said it well when he said "Wall Street is the only place where people won't buy something when it's on sale."

[TripleGGG]

Big money moving out of the bond market. This looks good for equities. Let's hope.