No, no, no … you’re doing it WRONG! Having Obama for president means the news is always BAD ….
Someone isn’t following the script:
It was just what the stock market needed. When one of the most closely watched data reports showed a generally strong picture of the U.S. economy Friday, stocks on Wall Street picked right up and surged throughout the day, sending the Dow to its best closing level since 2008.
The catalyst for the gains, which extended the strong start to 2012, was the government’s monthly snapshot of the jobs market, which showed some acceleration in the U.S. economy in January. Aside from the performance of the Dow, the markets responded with milestones of other sorts, with the broader market as measured by the S&P pushing ahead by 6.94 percent for the year to date, its best such showing since the 13.97 percent gain in the similar period in 1987.
In addition, the technology-heavy Nasdaq composite index turned in its best close since December 2000, when the boom in Internet stocks was turning to bust.
They are doing it wrong. In order to help their buddy Mitt Romney (who is telling everybody that Obama is absolutely destroying the economy), stock buyers are supposed to be selling, not buying because of, oh I dunno, the price of pistachio nuts.
In fact, I think David P. Jordan is about to chime in about how the economy is in terrible shape in about four … three … two … one …
February 4th, 2012 at 11:33 am
Since last fall, you’ve praised Occupy Wall Street, and now you get a tingle up your leg when it prospers.
Did you forget Main Street, Billy?
February 4th, 2012 at 11:43 am
Oh, please. The stock rising when the news is GOOD is one of the functions of a health Wall Street. Its when they bet on losing propositions is when they lose me.
February 4th, 2012 at 12:36 pm
i realize you’re a complete too, but are you that dense that facts truly have no place in your wolrd?
February 4th, 2012 at 1:54 pm
I was always under the assumption that when Wall Street gets healthier and stronger, that trickles to Main Street…
February 4th, 2012 at 2:29 pm
Dennis in Peoria,
You’re correct about that. Problem is, OWS supports more and costly regulations that deter investment. If they had their way, it is unlikely Wall Street would be doing so well (and this despite monstrosities like Dodd-Frank and Sarbanes-Oxley).
Lord Raiden,
Learn to spell before you unleash your vitriol.
February 4th, 2012 at 3:05 pm
David, I think he called you a TOOL.
February 4th, 2012 at 5:09 pm
Emtronics, Lord Raiden has been stuck on that record for a long time. Not only did he mispell “tool,” he murdered “world.” Not that I care, but it shows what public school education is doing to our youth.