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Thread: Dow rallies after Fed statement, up 429 points

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  1. #1 Dow rallies after Fed statement, up 429 points 
    The Night Owl
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    Default 08-09-2011, 04:44 PM
    Dow rallies after Fed statement, up 429 points

    http://www.ajc.com/business/dow-rall...=brkng_nws_bnr
    Last edited by Rockntractor; 08-09-2011 at 05:25 PM. Reason: AP story
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  2. #2  
    SarasotaRepub
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    Default 08-09-2011, 04:54 PM
    Yay!!!

    Till it drops again.:D
    May the FORCE be with you!
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    malloc
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    Default 08-09-2011, 05:00 PM
    Quote Originally Posted by SarasotaRepub View Post
    Yay!!!

    Till it drops again.:D
    I would think so. After the drop yesterday, people with cash to invest saw a gold mine. I don't blame them, yesterday was a buyers market. I was expecting a rally today, and the Fed could still hold on to this. Hell, Obama could hold on to this little rally with the right words.

    Instead of playing the blame game and his typical ideological bull shit, he should come out and say that Washing is working hard to reform entitlements, blah, blah,blah. I'll be taking the reins and pushing Democrats and Republicans into the center to smartly squeeze out that extra $2T that the Act missed, blah, blah, blah. Medicare, medicaid and Social Payments will keep coming, but we have to make these programs leaner, blah, blah, blah.

    Basically, he needs to pull a Bill Clinton.

    Hell, if he would have done that yesterday he could have stopped the drop.
    "In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
    —Thomas Paine, Common Sense
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    Hawkgirl
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    Default 08-09-2011, 05:25 PM
    Good news for now....
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  5. #5  
    Rockntractor
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    Default 08-09-2011, 05:28 PM
    Quote Originally Posted by The Night Owl View Post
    http://www.ajc.com/business/dow-rall...=brkng_nws_bnr
    AP posting rules, #10
    http://www.conservativeunderground.c...ad.php?t=42240
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    How is obama working out for you?
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    Madisonian
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    Default 08-09-2011, 07:07 PM
    They are probably smelling Stimulus 3 in the air and the thought of more of Bernake's funny money floating through their brokerages.
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    lacarnut
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    Default 08-09-2011, 07:25 PM
    Quote Originally Posted by Madisonian View Post
    They are probably smelling Stimulus 3 in the air and the thought of more of Bernake's funny money floating through their brokerages.
    Buffett and Immelt are probably whispering sweet nothings into Tiny Tim and Obummer's ear. QE3 will be here before the end of the year.

    A couple of months ago I used to poo hoo gold bugs that said it would go up to $2,500 by the end of the year. Looks like 2k is doable.
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  8. #8  
    The Night Owl
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    Default 08-09-2011, 10:36 PM
    Quote Originally Posted by Rockntractor View Post
    AP posting rules, #10
    http://www.conservativeunderground.c...ad.php?t=42240
    Whoa! I had totally forgotten about the AP policy. I apologize.
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  9. #9  
    Rockntractor
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    Default 08-09-2011, 10:59 PM
    Quote Originally Posted by The Night Owl View Post
    Whoa! I had totally forgotten about the AP policy. I apologize.
    No big deal, we all miss that once in a while, we can still read them at the link and most people follow the links anyway to see if there is more info.
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    How is obama working out for you?
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