Dow up big — for a day anyway
Well, it may prove to be no more than a passing blip, but for the moment we’ll take it: The Dow closes up almost 380 points — almost 6 percent — for the day.
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153 comments Add your comment
I Report/ You Whine
March 10th, 2009
4:53 pm
Liberals are prone to wild mood swings, captives of their own misplaced emotions-
The real problem is Main Street, not Wall Street 3:27 pm March 9, 2009, by Jay
Dow up big — for a day anyway 4:50 pm March 10, 2009, by Jay
Whatever, watch as the capitalists move in tomorrow to feast on all this new money.
Party time!
RW-(the original)
March 10th, 2009
4:59 pm
It sure didn’t take long for the Dow to become so noteworthy again.
"The Corporal"
March 10th, 2009
5:02 pm
Insider trading ………..
Jay
March 10th, 2009
5:05 pm
What’s your problem, gentlemen? Afraid of even the tiniest bit of good news?
With all the bad economic numbers hitting us daily, surely it’s OK to note a turnabout, even if it may prove fleeting in the end. Otherwise, you might be accused of wanting America to fail.
And surely you don’t want THAT!
Right?
I said, right?
TnGelding
March 10th, 2009
5:06 pm
RW-(the original)
March 10th, 2009
4:59 pm
I was talking about it before the open this morning.
5.80% to be exact; S&P 6.37; NASDAQ 7.07; RUT 7.13.
It won’t mean a thing tho, unless you were in a position to take profits, if it gives it all back tomorrow. Let’s hope that doesn’t happen and that it was the beginning of a significant bounce.
"The Corporal"
March 10th, 2009
5:12 pm
Aye, aye sir !
Midori
March 10th, 2009
5:12 pm
Jay gives as good as he gets.
And he’s never, ever nasty about it.
Runs you idiots nuts, doesn’t it?
RW-(the original)
March 10th, 2009
5:17 pm
Jay B.,
Just pointing out your abject hypocrisy.
Taxpayer
March 10th, 2009
5:18 pm
Didn’t you get the RNC memo. New Republican mantra, Jay. Must have bad news. Must think bad news. Must be bad news….Obama must fail.
I Report/ You Whine
March 10th, 2009
5:19 pm
Jay March 10th, 2009 5:05 pm With all the bad economic numbers hitting us daily, surely it’s OK to note a turnabout, even if it may prove fleeting in the end. Otherwise, you might be accused of wanting America to fail.
I failed to note that liberals also have quite some gall, considering the parade of gloom and doom that the Wall Mounted Restroom Fixture was all throughout the entire Bush presidency.
And surely you don’t want THAT!
Right?
I said, right?
Well, did you?
I Report/ You Whine
March 10th, 2009
5:22 pm
By the way, Citi had to show a profit, it was impossible to hide all that money forever, and they are through playing the dead bank horror show for the Bailout Queens in the US Congress and Treasury Department.
They got what they came for.
Bonuses!
Taxpayer
March 10th, 2009
5:25 pm
How dare you share this news of the DOW making these enormous gains on Obama’s watch without first linking it to a Republican tax cut. The nerve, Jay. That way, when it falls back down, the Republicans can point at Obama’s spending on junk such as unemployment benefits and claim that the DOW would not have fallen if the spending had been eliminated.
Brad Steal
March 10th, 2009
5:28 pm
I think it is safe to assume that Citi’s “profits” include bailout proceeds.
Oh yeah, and today’s huge run-up os obviously the successful policies of the current president (titter titter).
"The Corporal"
March 10th, 2009
5:29 pm
111,111,111 x 111,111,111 = 12,345,678,987,654,321
CommunistAJC
March 10th, 2009
5:30 pm
Bookman,
keep dreaming, hack. The Dow was at 14,000 last year. It’s going to be at 5,000 really soon. There is only so much Obama Hussein can blame on Bush before he totally owns it. Hello Jimmy Carter 2.0.
CommunistAJC
March 10th, 2009
5:34 pm
Who’s Obama Kidding?
Brian S. Wesbury and Robert Stein,
A big spender’s ‘rosy’ delusions on GDP growth.
07, the federal budget deficit was $162 billion (1.2% of gross domestic product). For 2009, the budget deficit is projected to be 11 times larger: $1.752 trillion.
This World War II-like deficit (12.3% of GDP) is not all on President Obama. Much of it is due to policies put in place by President Bush, Hank Paulson and last year’s Congress. President Obama’s “stimulus” bill will certainly raise the deficit, but, to be fair, it is not the predominant digger of this year’s large fiscal hole.
Nonetheless, contrary to the spin of big-government types, these deficits are not just temporary. In fact, the Obama administration uses every trick in the book to convert an understandable and potentially temporary budget lapse this year into a structural lack of fiscal responsibility.
http://www.forbes.com/2009/03/09/budget-deficit-obama-opinions-columnists-spending.html
CommunistAJC
March 10th, 2009
5:36 pm
Bookman could take a few lessons in economics from this guy.
Subsidizing Bad Decisions
By Thomas Sowell
Now that the federal government has decided to bail out homeowners in trouble, with mortgage loans up to $729,000, that raises some questions that ought to be asked, but are seldom being asked.
Since the average American never took out a mortgage loan as big as seven hundred grand– for the very good reason that he could not afford it– why should he be forced as a taxpayer to subsidize someone else who apparently couldn’t afford it either, but who got in over his head anyway?
Why should taxpayers who live in apartments, perhaps because they did not feel that they could afford to buy a house, be forced to subsidize other people who could not afford to buy a house, but who went ahead and bought one anyway?
We hear a lot of talk in some quarters about how any one of us could be in the same financial trouble that many homeowners are in if we lost our job or had some other misfortune. The pat phrase is that we are all just a few paydays away from being in the same predicament.
http://www.realclearpolitics.com/articles/2009/03/subsidizing_bad_decisions.html
"The Corporal"
March 10th, 2009
5:36 pm
Taxpayer:
I don’t think you should use a “smiley” face for something so serious. Please apologize.
CommunistAJC
March 10th, 2009
5:37 pm
Why The Founding Fathers Would Want Obama’s Plans to Fail
By Byron York
James Madison was not specifically contemplating Barack Obama, or Nancy Pelosi, when he wrote Federalist No. 63. But reading the document — one of the seminal arguments in favor of adopting the U.S. Constitution — it’s clear Madison knew their type. And he knew they would come along again and again in American history, if Americans were lucky enough to have a long history.
Obama and Pelosi, along with their most ardent supporters, are the types to see a crisis, like our current economic mess, as a “great opportunity,” as the president put it last Saturday. They are the types, after a long period out of power, to attempt to use that “great opportunity” to push through far-reaching changes in national policy that had only a tangential connection, if at all, to the crisis at hand. And they are the types the Founding Fathers wanted to stop.
http://www.dcexaminer.com/politics/Why-The-Founding-Fathers-Would-Want-Obamas-Plans-to-Fail-40992107.html
@@
March 10th, 2009
5:45 pm
This could be some more good news.
Iran’s second-most powerful political figure, Ali Akbar Hashemi Rafsanjani, was re-elected March 10 as the chairman of the Assembly of Experts (AoE). This 86-member clerical body chooses Iran’s supreme leaders, over whom it has oversight powers, including the power to remove the apex leader.
Rafsanjani, pragmatic Iranian if there is such a thing.
I Report/ You Whine
March 10th, 2009
5:45 pm
Representatives for Judicial Watch, which obtained e-mails and other documents from a Freedom of Information request, said the correspondence shows Pelosi has abused the system in place to accommodate congressional leaders and treated the Air Force as her “personal airline.”
Judicial Watch said that Pelosi was notorious for making special demands for high-end aircraft, lodging last-minute cancellations and racking up additional expenses for the military.
Isn’t this one of the goons that scolded GM execs for flying to their Congressional dead car company horror show?
Do as I say not as I do?
Bosch
March 10th, 2009
5:50 pm
Corporal,
My sympathies about your dad. I too am going through the “stage of life” drama with elderly relatives (three of ‘em). It’s never a dull moment, but it’s good that we are able to care for them right now. Again, sorry for your loss, and the smiley guy is made by:
typing a colon, followed by a dash, then a closed parentheses (shift 0) – I would just type it, but it would turn up as a smiley face!
Bosch
March 10th, 2009
5:52 pm
Corporal,
I think Taxpayer has a cheat sheet he can link to for the different emoticons – this new format – you have to use HTML code (or HTML magic as Mrs. G. says) – she has the cheat sheet for that and RW has a link to his blog that will help.
Bosch
March 10th, 2009
5:52 pm
Andy,
Have you watched anymore Battlestar?
Taxpayer
March 10th, 2009
5:54 pm
If the Mayans had been able to solve that simple ratio of the Circumference of a circle to its diameter, they might not have been such squares. It was as easy as pi. As long as you don’t do something stupid with it such as pass a law stating that the ratio equals 3. If you do something like that, well, you can literally walk in “circles” all day and never make ends meet. Then again, once you have seen the sin, you pretty much know all there is to know about circles anyway. The stock market is like circular motion mapped out over time with a bunch of different diameters of circles, being traversed at different speeds overlayed on each other. It’s confusing to look at but this dude named Fourier can help sort out all the pieces though. Pi day is coming. Mark you calendars. 3.14. Festivities begin promptly at 1:59. Be there or be square.
Taxpayer
March 10th, 2009
5:57 pm
“The Corporal”,
That one was “lol” — not a mere smiley. A mere smile simply would not do. No. It simply would not. You know what I mean.
RW-(the original)
March 10th, 2009
5:59 pm
Great news /sarc
Apparently Porkulous I has already been declared a failure and it’s full speed ahead with Porkulous II.
The report by a group of economists including Mark Zandi, chief economist of Moody’s Economy.com, says the recently enacted $787 billion stimulus package will fall far short of the Obama administration’s goal of saving or creating 3.5-million jobs.
Forget 4 years, can we even survive this guy’s first 100 days?
800 billion here and 800 billion there, pretty soon we’re talking real money.
I Report/ You Whine
March 10th, 2009
6:01 pm
Bosch: Yes, I’m nearing the end of season three.
Dave R
March 10th, 2009
6:02 pm
Interesting that the market goes up on good economic news from a private corporation, and down when President Hope & Change tries to manipulate it . . .
And I DO want him to fail. Only complete and abject failure of Socialist policies will defeat this horrendous movement.
Bosch
March 10th, 2009
6:08 pm
Andy,
You like? Season three was a little less intense, but it gets better in season four. There are only two more shows left, so make sure you skip mine and Paul’s conversations (you probably skip mine anyway
We are putting up warning alerts now.
Joe Matarotz
March 10th, 2009
6:14 pm
Jay,
One day does not a recovery make. Wall Street, who supported Obama like the Second Coming, has already sniffed him out and the Street is not impressed.
In the meantime, Obama shares with the Hispanic Chamber of Commerce that along with fixing everything else, he is going to fix our education system. This includes nationalizing standards (hmmm, there’s that word again) and lengthening the school day and the school year. I wonder how parents and teachers will receive that.
The Dow is up!
The Dow is up!
Praise God and Obama, the Dow is up!
Brad Steal
March 10th, 2009
6:16 pm
Bookman,
Is Commie aka Whiner just a ruse that is actually you egging comments to your column? Commie / Whiner comments are too insipid to be taken as anything other than a joke.
I Report/ You Whine
March 10th, 2009
6:18 pm
Senate Budget Committee Chairman Kent Conrad (D-N.D.) said Tuesday that President Obama’s budget plan doesn’t have enough support from lawmakers right now to win approval.
Conrad said that he has spoken to enough colleagues with reservations about several different provisions in the budget that he thinks Congress won’t pass it, at least in its present form.
bwa
A big fat juicy defeat hung around the neck of the OneTermer.
Disarray rules the government.
Which is good.
~~~~~
Bosch- Excellent TV, it is.
I liked it when the cylons stuck that British looking cylon in cold storage, where she belongs.
Bummer when they didn’t send the infected cylons into the resurrection ship. That would have been the bomb. But also the end of the series, so I understood.
Mrs. Godzilla
March 10th, 2009
6:20 pm
I really wanted to mention the Dow earlier but didn’t want to deal with any catcalls from any peanut gallery.
Anyway here goes, I think it’s a blip. Citi doesn’t pass the smell test for me. I still have my ten bucks on 5600. To the best of my knowledge none of us are experienced economists and whatever any of us post is opinion anyway.
I think my economists can take your economists.
Raised in a large family, I understood trickle down economics. I was at the bottom of the totem pole by age and gender. Government, in the form of Mom and Dad, intervened when required. Even the small ones got an Ann Paige soft chocolate sugar cookie. Even the female ones were given educational opportunities. For people of honor, the honor system works.
Does anybody think Bernie Madoff is a man of honor? It appears there were a herd of Madoff’s and the guys running the show either got in on the deal, watched what was going on and said nothing or were clueless. Those people need to go.
There is nervous chatter about Obama fundamentally changing America in an attempt to scare the weak.
The strong voted for that very change.
We like our President Obama.
Yes we do.
If we can post our opinions and be
NRB
March 10th, 2009
6:22 pm
Ohhhhhh look. Jay is all of a sudden interested in the stock market. Let’s see how low it will get when the useless communist dicator that got “elected” into office (via voter fraud) passes a second “stimulus” bill.
Possible inclusions in “Stimulus 2: Electric Boogalaoo” will probably include $200 Billion to give people in Alaska freezers, $300 Billion to import more sand into Nevada, and $1 Trillion to set up a wi-fi network on Mars.
Mrs. Godzilla
March 10th, 2009
6:23 pm
I need a Swedish secretary named Nels or Sven or Lars…..so i don’t mess up the end of a post. Thanks for y’alls patience.
getalife
March 10th, 2009
6:26 pm
It is working .
Guaranteed by your money, it can’t lose unless they surrender like the gop.
Lets not ever elect them again so they can’t destroy the econony again.
Who wants another depression?
It’s a no brainer to never vote gop.
AmVet
March 10th, 2009
6:27 pm
“But I think that’s part of learning how to be a national leader. Steele had never before been in the spotlight until a month ago. He’s going to have to learn you have to pick your words very carefully…” ~ Newt Gingrich on the supposed RNC Chair “disagreeing” with the lumbering lardass, the Manteats in Black, the REAL RNC Chair – HeadRush.
After eight horrific years of Dumbo and Dumbo-er, Nutty Newt, essentially silent on their endless debacles and once infamous as the most repulsive politician in all of Washington, is now after a mere seven weeks, emboldened enough to offer advice on statesmanship!
This imploding GOP never ceases to amaze! Nor to and provide endless comedic entertainment.
Those who disapprove of the credibility -free Republican Party is at 76%.
And outside of the Moron Belt it MUST be pushing 90%.
Even with 21 months to go, I’m just gonna go ahead and predict it – Electoral Bloodbath, Part Trois. Coming November 2012…
Bosch
March 10th, 2009
6:32 pm
Andy,
That was D’Anna – she was the reporter from the first season. They boxed her up because she saw the Final Five – no big sin. That actress was Xena Warrior Princess.
Yeah, Helo, the guy who refused to send the infected Cylons over to the ship to wipe out the rest – he’s my favorite character – him and Starbuck. He’s so moral. He’s a big giant liberal – married to a Cylon and all.
I knew you’d like the show though, lots of moral and religious stuff.
Frederick Douglass
March 10th, 2009
6:32 pm
Today we switch back to Reagan’s admonition, “the president doesn’t have
anything to do with the stock market”, the next time it fluctuates downward, oh it’s Obama’s fault. Some of these people are like turkeys,
everytime they sneeze, they wake up in a different world.
"The Corporal"
March 10th, 2009
6:32 pm
Bosch:
Thank you for your kind words.
"The Corporal"
March 10th, 2009
6:37 pm
To Mrs. G.:
I know a Bjorn !
GodHatesTrash, Superstar
March 10th, 2009
6:39 pm
AmVet – Manteats in Black. Still laughing…
Salute!
I Report/ You Whine
March 10th, 2009
6:39 pm
I just glanced at PMSNBC and it appears their was another talking points memo sent out to all the Oblahma hacks, one day after the talking points memo about the “stock market means nothing, nothing I say!,” today all the toadies are joyously leaping about in their fake TV world because of the……………………stock market.
Did you get another biscuit, Bookman?
CommunistAJC
March 10th, 2009
6:41 pm
Brad Steal aka high school dropout,
I always love how you seem to single me out. You claim my comments to be insipid yet you’ve never actually posted anything other than cut downs. It must truly suck to be you.
"The Corporal"
March 10th, 2009
6:42 pm
AmVet and GodHatesTrash:
I believe the correct spelling is “man teats”. Just trying to be accurate
)
Chad Harris
March 10th, 2009
6:42 pm
Not only did the Minnesota Supreme Court last week hand down a decision that deep-sixes the GOP/Coleman strategy of looking to the Federal courts for relief on appeal, but today Team Coleman’s hopes of getting the ballot universe expanded with more votes for Coleman just got a swift kick in the ass, as the ballots he was counting from pile 3a evaporated upon examination.
And in Deliverence Jaw Jaw the laugingstock of the rest of the world, they be tryin’ to criminalize working with stem cells or correcting infertility.
All them 450,000 discarded embryos gonna be implanted between the legs of ignorant Rethug women who is gonna birth ‘em all. Who cares if jawjaw loses hundreds of research grants and infertility clinics close–hey but we is right to life. That ain’t good is it?
"The Corporal"
March 10th, 2009
6:45 pm
Ooops !
HEADLINE: Conrad: Obama budget lacks votes
By Walter Alarkon
Posted: 03/10/09 04:45 PM [ET]
“Senate Budget Committee Chairman Kent Conrad (D-N.D.) said Tuesday that President Obama’s budget plan doesn’t have enough support from lawmakers right now to win approval.”
http://thehill.com/leading-the-news/conrad-obama-budget-lacks-votes-2009-03-10.html
Pray tell, do you mean there are some Democrats who have not been brainwashed and are not getting in line ???
"The Corporal"
March 10th, 2009
6:48 pm
Ooops again !
HEADLINE: The United States Capitol Police arrested a driver near the Capitol on Tuesday 3/10/09 around 4 p.m.
“A search of the vehicle found: Two long guns, three handguns and a sword, according to Sgt. Kimberly Schneider, the spokeswoman for the USCP. Charges against the driver are pending.”
Wait a minute! I thought the Democrats had passed laws that this was illegal?
Midori
March 10th, 2009
6:52 pm
Corporal,
the Dems can’t pass enough laws you keep you lunatics who love to go “boom boom” in check.