Hooray again, Dow up 3 days running
And no, it doesn’t mean Obama’s economic policy is vindicated.
And no, it doesn’t mean the recession is over.
It does mean the Dow is up by more than 600 points over the last three days, an increase of 9.5 percent. And that’s a helluva lot better than being DOWN 9.5 percent in three days.
We’ll take good economic news where and when we find it these days.
Tell us what you think about the site
Customer Care »
Vacation stops, manage subscriptions and more
AJC Services
Sections
Other Editions
Guides
Visitor Agreement | Privacy Statement
© 2010 The Atlanta Journal-Constitution
97 comments Add your comment
Road Scholar
March 12th, 2009
5:55 pm
Wile I know this is not a final indicator that the market has turned around, where are the naysayers of doom based on Obama’s financial policies? The way you were acting (and whining), this must be the turn around!
IC Atlanta
March 12th, 2009
5:58 pm
Call it the Barack Bear Bounce – it won’t last, but have fun with it while it is hear. Nothing has changed in the fundamentals. It will bottom at 3,000 – count on it.
NRB
March 12th, 2009
6:12 pm
Odd to see Jay celebrating.
If the stock market went up today, that means some people made money.
If some people made money, it means that other people now have less money because according to dumb liberals (especially the ones manning the news media) there is a fixed amount of wealth that exists….and it is of course “distributed” unevenly.
Maybe Jay will change into his costume and launch out of a phone booth to come take the money from anyone profiting by the market going up today. Then he can redistribute as he sees fit, because Democrats know best.
The Corporal
March 12th, 2009
6:21 pm
This is good news for a lot of people. I hope it holds.
The Corporal
March 12th, 2009
6:45 pm
To DBGwennitian:
Hey buddy, I tried to reply to you on something but I think the site/thread was acting up yesterday.
You weren’t very polite to me the other day on one of your comments. You know I prefer polite debate to personal attacks.
Anyway, here is the list of sites I review each morning:
Channel 11 (Atlanta), AJC, Drudge Report, ABC, CBS, CNN
CNN Political Ticker, Yahoo News, MSNBC, USA Today, Boortz, Michelle Malkin, Dick Morris, The Red & Black (UGA), The Alliance Defense Fund, SCOTUS (Supreme Court) and Sports Illustrated.
I think that’s a pretty balanced list …………..
By the way, most of the negative news accounts I have been posting over the past few days regarding President Obama have come from “liberal” news sources.
Sorry, the truth sometimes hurts …………..
I Report/ You Whine
March 12th, 2009
6:47 pm
Banks are reporting TARP money as profits, while no basic structural changes have been made to the underlying credit issues, so for this to continue, the banks will need more………………………TARP money.
I suppose that will work for a little while.
I Report/ You Whine
March 12th, 2009
6:56 pm
Representative Maxine Waters, Democrat of California, requested the September meeting on behalf of executives at OneUnited, one of the nation’s largest black-owned banks. Ms. Water’s husband, Sidney Williams, had served on the bank’s board of directors until early last year and has owned at least $250,000 in stock in the institution. Treasury officials said the session with nearly a dozen senior banking regulators had been intended to allow minority-owned banks and their trade association to discuss the losses they had incurred from the federal takeover of Fannie Mae and Freddie Mac. But Kevin Cohee, OneUnited’s chief executive, instead seized the opportunity to plead for special assistance for his bank, federal officials said.
The $12 million in aid surprised some bank analysts because the bailout was intended for healthy banks, and OneUnited was then considered to be in precarious condition.
Aahhh, yes, another democrat crook caught red handed, although that is not the surprising portion of this disgusting tale-
In addition, it had been harshly criticized by regulators in 2007 for failing to give a sufficient number of loans to lower income residents in Miami, while favoring wealthier customers there.
Criticized by whom?
Hmmmmmmm?
Barney Frank, the Banking Queen?
Community Reinvestment Act, anyone?
Midori
March 12th, 2009
7:17 pm
By the way, most of the negative news accounts I have been posting over the past few days regarding President Obama have come from “liberal” news sources.
Corporal:
I knew where you were getting your fixes before you even posted your sources.
The Corporal
March 12th, 2009
7:24 pm
HEADLINE: “President considers request to deploy National Guard to U.S. – Mexico border, saying it’s ‘unacceptable if you’ve got drug gangs crossing our borders and killing U.S. citizens.’”
I call ‘em as I see ‘em. If he will do this, he will have my full support on “this” issue …. an area in which President Bush disappointed me.
P.S.
My submitted AJC “vent” for today:
“The fact that liberals favor taking away the secret ballot for union representation voting shows their true soul is anti-democratic.”
I call ‘em as I see ‘em …………..
The Corporal
March 12th, 2009
7:25 pm
Midori:
Good, then you know many of them are liberal sources.
Chad Harris
March 12th, 2009
7:26 pm
Another day and another federal rethug congressperson–this time a thug ugly babe–Beverly Masek, a former member of the state House of Representatives, pleaded guilty today to conspiracy to commit bribery, in connection with cash payments she received from oil-services contractor Bil Allen, in exchange for using her position to take actions that benefited Allen’s company.
Go Bev–you’ll make a great biotch like all the rest of the200 plus male rethug biotches who all lacked the cojones to go to trial.
The NYT has hired a total idiot to replace total idiot Bill Kristol. I give the new idiot about half the time as the old idiot.
Congrats to former Senator and current election loser Normy Coleman whose web site’s lack of security just exposed 5000 donors to ID theft. Coleman is in violation of state law which requires immediate notification of risk of ID theft, since he knew about this back in January. He is guilty of IT stupidity, since he put sensitive financial information which included credit card numbers of his donors on the same server as a web site.
It appears that Coleman’s donor financial data was not properly encrypted. This will significantly impede his ability to raise money to pay for his ongoing futile litigation.
Frederick Douglass
March 12th, 2009
7:28 pm
Whine, I observed an almost unthinkable sight today, two developments in the little town that I live in are going belly up due to foreclosure,
both are upscale, one gated. There isn’t one ethnic family in either of
these places. As Ricky Ricardo used to say, “wha happunned”?
Midori
March 12th, 2009
7:32 pm
um, no Corporal,
Additionally, your’e also wrong about the union/secret ballot issue.
The Corporal
March 12th, 2009
7:37 pm
Midori:
1) AJC, ABC, CBS, CNN
CNN Political Ticker, MSNBC …… sorry, liberal.
2) Not! I used to be a member of the “Brotherhood of Railroad Trainmen”. I could tell you some real horror stories.
Reminds me of an old union song …….. let’s all sing together now!
Everybody stand up and holler for the union,
Let’s give the brotherhood a cheer.
Everybody stand up and holler for the union,
We ain’t hit a lick all year!
danjonglee
March 12th, 2009
7:41 pm
Dire emergency cancelled! Ecomony not as bad as we think….
TnGelding
March 12th, 2009
7:42 pm
IC Atlanta
March 12th, 2009
5:58 pm
Absolutely no way!
IC Atlanta
March 12th, 2009
5:58 pm
IC Atlanta
March 12th, 2009
5:58 pm
“There’s a misperception, I think, in some peoples’ minds that the relationship between business and the Obama administration is like, well, oil and vinegar,” said Harold McGraw, the group’s chairman. “From our standpoint, that couldn’t be farther from the truth.”
http://news.yahoo.com/s/nm/20090312/pl_nm/us_obama_economy_1
TnGelding
March 12th, 2009
7:44 pm
NRB
March 12th, 2009
6:12 pm
More money to buy obsolete newspapers.
Jay
March 12th, 2009
7:48 pm
Chad, please be more respectful of your fellow posters.
TnGelding
March 12th, 2009
7:53 pm
But does it mean the bear market is over? If it just holds today’s gains tomorrow, I’ll say YES!
From O!:
“Government has to intervene in a crisis, but the goal should always be to right the ship and let private enterprise do its magic,” he told a group of more than 60 business leaders from top U.S. companies.
And he even took questions afterward.
RW-(the original)
March 12th, 2009
8:01 pm
Didn’t you ever watch 10?
So that’s why they said they had to make love to Bolero! HAHAHAAH
I Report/ You Whine
March 12th, 2009
8:01 pm
Mr. Douglass- The CRA began back in 1977 but did not get the boost it needed to really start festering until the mid 1990’s, when Klintoon was president. It started out with low income buyers, which inevitably failed to pay their mortgages, duh. The nanny state governmental agencies Freddie Mae swooped in and “rescued” the lenders. The lenders, from then on, made note that special code words and procedures used in mortgage making would cause liberals to swoon, and when those risky loans did fail, the libs backed them up with limitless US Treasury dollars.
The lenders, not being sullen dimwit liberals, started calling ALL of their customers low income borrowers and to make nanny state socialists especially happy, did not “discriminate” against these “low income” borrowers by checking their credit history or any mean stuff like that.
It got them a biscuit for being good liberals.
So now everybody wanted to be a “low income” borrower and to get in on the action, or “become greedy, selfish nasty people for taking advantage of government largess” as Bookman laughingly called it (Aahhh, the irony.) Thus demand for houses went up, thereby raising prices. This increased loan amounts. Freddie Mae said no problem, “bring it on,” and the Banking Queen Miss Frank said “mission accomplished” as she landed on the, uh, deck.
Prices up, ARM’s out, Banking Queen open for business.
See where this is headed?
US mortgage giant Freddie Mac has posted record annual losses of over $50 billion. The fourth quarter of 2008 accounted for nearly half of that figure. According to the AFP, the company’s 2008 net loss was more than 16 times larger than the $3.1 billion of red ink for 2007. Freddie Mac – which was nationalised by the American government – said it had a fourth quarter net loss of $23.9 billion, having suffered due to the collapse of Lehman Brothers, and the worsening global economic climate. The company also revealed it was set to ask the government for a further $30.8 billion in funding as part of its bailout, after shareholders’ negative equity reached $30.7 billion on December 31.
And you thought I made that up, didn’t ya?
RW-(the original)
March 12th, 2009
8:02 pm
Oops
That 8:01 was supposed to be on a Jeopardy blog. Anybody that watched will know what I meant, but feel free to scrub that.
Borat Obama
March 12th, 2009
8:03 pm
Jay, I’m with you. I can take all the good news I can get. Hopefully the good news will keep on coming.
Taxpayer
March 12th, 2009
8:06 pm
The DOW, S&P, and other indices will bottom when they have reached their respective lows. They won’t go any lower than that without first going higher. The bear market will last until it ends. Then, we may have a bull market or we may not. These are fundamental truths that cannot be denied.
By the way, Obama seems to be doing well with the business community. He did not come across as the socialist as some would have us believe. Intelligent is a much better descriptor. Even, non-teleprompted.
Chad Harris
March 12th, 2009
8:08 pm
Sy Hersh is reporting Cheney ran a covert assasination ring.
Hersh: ‘Executive assassination ring’ reported directly to Cheney
Midori
March 12th, 2009
8:08 pm
RW,
I can’t speak for others, but your 8:01 is well appreciated.
Midori
March 12th, 2009
8:09 pm
Corporal,
I know all about picking and choosing.
Chad Harris
March 12th, 2009
8:09 pm
Bo Derek for a slumdog half millon.i
ByteMe
March 12th, 2009
8:12 pm
My call is that this is a dead cat bounce that will last into the end of the month before tanking again. The bounce was triggered by a severely oversold condition as well as the banks claiming that they were “operationally profitable”, which means cash before things like taxes (some) and credit imparement (whole lots) and such. Nothing has changed in the toxic nature of their assets and the CEOs of those banks are just talking up their books so they can raise some money before the “stress test” shows that they are really zombies in suits.
Don’t be surprised if the S&P 500 index makes it into the 850 range. Use 800 or so as a point for buying puts in any of the banks or the SPX and you will be rewarded as the markets retest their lows. Fair value for S&P 500 is around 600 right now, so no bull market can start from here… but a good bear rally can happen.
You don’t have to be long to make money in this market, just willing to play both sides as needed.
RW: Jeopardy blog??
RW-(the original)
March 12th, 2009
8:15 pm
Midori,
It must be that 17 minute crescendo.
Midori
March 12th, 2009
8:17 pm
LOL, RW
TnGelding
March 12th, 2009
8:17 pm
I Report/ You Whine
March 12th, 2009
8:01 pm
No, it didn’t get its boost until President Bush announced his desire to create an ownership society.
Recovery
March 12th, 2009
8:17 pm
My 401K is now only down 47% (change we can believe in….)…
G
March 12th, 2009
8:18 pm
Since some people blamed President Obama for the fall, they will surely give him credit for the rallying, right?
TnGelding
March 12th, 2009
8:19 pm
Taxpayer
March 12th, 2009
8:06 pm
But has the bear market ended?
TnGelding
March 12th, 2009
8:21 pm
ByteMe
March 12th, 2009
8:12 pm
How do you reconcile oversold and fair market value?
TnGelding
March 12th, 2009
8:24 pm
Recovery
March 12th, 2009
8:17 pm
I hope you’re contributing as much as you can at these low levels, then you’ll be much better off when it recovers.
G
March 12th, 2009
8:25 pm
State Welfare Queens
Anyone who wants to see the federal tax out, federal money in data for each state at least through 2005 it’s at:
http://www.taxfoundation.org/research/show/22685.html
for example Alabama receives $1.66 back for each federal tax dollar paid, Mississippi $2.02, South Carolina $1.35 and etc.
Guess who’s writing the welfare check? It isn’t the red states.
G
March 12th, 2009
8:33 pm
Three straight days that Wall Street is moving up, and now we get the consumer spending news. Welcome to the Obama boom…
http://www.political-buzz.com/
Nice Pelosi article there as well.
Frederick Douglass
March 12th, 2009
8:43 pm
If the stock market goes up every day for the next 3 years, and 10 months, the “I hope he fails” crowd won’t attribute that good fortune
to Obama. Some of us already know that the perception of an Obama
failure, whether real or imagined, is what the GOP is pinning its comeback on. What’s so dizzying is the fact that the GOP has occupied
the white house for 28 of the last 40 years, and all they’ve managed
to do is erode the foundation of this country.
DB, Gwinnettian
March 12th, 2009
8:53 pm
Corporal, I try to be polite, but when you post soggy old crap that you should’ve had the good sense to leave on the doormat, well, what do you expect? I mean, I’ve seen those dopey union-song lyrics about 60 times, give it a frickin’ rest already.
I kid because I love.
Anyway, as for your list of sites you frequent, I’m not going to pass judgment on the veracity of the pile you’ve presented, because I figure one will go where one wishes to seek information, free country and all that.
That said, none of the places you listed would be considered “progressive” by any progressives I know. I’m not saying you need to go lurk at kos, atrios, digby, pandagon, firedog lake, democratic underground et al, but those are the progressive sites; that’s where the left’s ideas are hashed out. Not at CNN or MSNBC (although I’d guess Maddow’s got a blog up there, and Olbermann posts there too, so those would be excepted.)
By the way, I mentioned popular progressive sites, but I don’t go to all of them myself, just some, when time permits. Notice I didn’t mention moveon.org? it’s ’cause for all the attention it seems to get by righties, I can’t remember the last time I was even there… no idea what’s going on there these days.
And yeah, I do pop in from time to time over at Freerepublic.com to see what chatter’s going on; I have a look at American Thinker and the Corner sometimes too. I think it’s mostly laughable stuff but I do read it.
later, all.
DB, Gwinnettian
March 12th, 2009
8:54 pm
I really am going, but I just noticed–we got comment linkees! yay!
G
March 12th, 2009
8:59 pm
Old Newty-Newt Gingrich is at it again.
This time he wants teen girls to be paid not to get pregnant.
Hmmm, smacks of government-sponsored prostitution there now, doesn’t it?
RW-(the original)
March 12th, 2009
9:00 pm
DB,
But how maddening will it be when you link a comment somewhere and the Refresh Gremlins have temporarily hidden it from anyone?
TnGelding
March 12th, 2009
9:22 pm
G
March 12th, 2009
8:25 pm
Georgia is the exception.
Gayle
March 12th, 2009
9:37 pm
TnGelding @ 9:22, Yeah I know, surprising, isn’t it?
ByteMe
March 12th, 2009
9:38 pm
TnG: Oversold happens when you have too many sellers and not enough buyers and is a temporary condition. It has nothing to do with the underlying value of the stocks and everything with market sentiment.
Fair value is based on historical P/E ratio of the market. Right now, anticipated S&P 500 earnings for 2009 are right around $40 (and falling). Historical fair value is around 14 – 15, so you can do the math at the level the S&P 500 needs to be to reach fair value. Markets cycle between bull and bear when the market is overvalued or undervalued. Was seriously undervalued in 1982 (P/E was below 9) and that was the start of the bull. Was seriously overvalued in 2000 (P/E was over 50) and that was the start of the bear. Is still not undervalued today. Either earnings have to go up or the market has to go down; either way, we don’t start a bear market with P/E at 16.5.
Bear markets have wild swings and you can get strong rallies in bear markets, but the defining characteristic of a bear market is increased volatility but not real gains over long periods while the P/E ratio slowly drops below its long-term mean.
There are lots of books and blogs on this topic.
TnGelding
March 12th, 2009
9:44 pm
Gayle
March 12th, 2009
9:37 pm
It’s because of the big ‘A’ metro area, I guess, and lack of effective representation in Congress.
fed up
March 12th, 2009
9:50 pm
Haven’t heard that about Newt I did hear that Pelosi wanted pregnant teenage girls to get paid to take vitamins….both ideas are pretty “out there”.
TnGelding
March 12th, 2009
9:54 pm
ByteMe
March 12th, 2009
9:38 pm
Thanks for the info.
What was the P/E when this latest bear roared at the end of 2007?
To reach the 850 level you predicted, wouldn’t there have to be a bull market, an increase of 20% from the 678 low on Monday? I heard an analyst on Fast Money predict 900 before falling back like you thought.
getalife
March 12th, 2009
9:55 pm
We could of hit bottom and all those billions injected are starting to pay off.
There will be more bad news but it is looking better.
Good thing the President did not surrender like the gop wanted.
Taxpayer
March 12th, 2009
9:58 pm
Calling an end to a bear market is about like calling an end to a recession. We’ll know when it’s over and not a minute sooner.
TnGelding
March 12th, 2009
9:59 pm
fed up
March 12th, 2009
9:50 pm
It’s in today’s AJC:
http://www.ajc.com/metro/content/printedition/2009/03/12/gingrich0312.html
We have to alter our self-destructive life styles.
TnGelding
March 12th, 2009
10:02 pm
Taxpayer
March 12th, 2009
9:58 pm
Won’t we have to wait a good time after it is over to know it is over?
Let’s hope it is over. I’m over and out. Sweet dreams!
Bud Wiser
March 12th, 2009
10:04 pm
The Obama Effect: no one can predict what the Dow will do tomorrow or next week, because President Liar just might open his big yap again and send it all tumbling down lower and lower.
The PLOTUS (President Liar of the United States) hasn’t a clue what the hell he is doing, nor do the successive line of tax cheat appointees that keep coming and going, coming and going. The Republicans should be happy, but they are not, because the market is correcting itself. So, they want in on the pork spending as well, pretty much evaporating any remaining credibility they may have as a political force. All PLOTUS is doing is spending away the next 4 generations’ money, gleefully being urged to do so by the real leader of the US, Nancy Pelosi.
PLOTUS is a puppet. The Dems think that now they have locked up the minority vote in perpetuity, simply because they maneuvered the puppet into place. Pelosi thinks that if she can get the millions of illegals living in her state alone to register and vote, that the Dems will be the only surviving political party as well.
Problem is, with the continuing job losses (never mind that they are being led by the nose to vote Dem, just like any good welfare recipient does), the people left to pay for these fraudulent schemes is shrinking and shrinking, sort of like Lady Chadderly’s brain.
ByteMe
March 12th, 2009
10:09 pm
TnG: there’s a difference between a rally and a secular bull or bear. Rallies and gyrations are not bull/bear markets. Secular (as in cyclical) bull/bear markets last on average around 13-18 years. But even within those markets, you can get wild increases and drops. But the defining characteristic is that over the entire secular period of the market (beginning to end), the P/E moves from low to high or high to low, never from high to higher.
Check out the graphs on this page to get an idea of where the P/E has been over the past several years and even quite recently: http://tickersense.typepad.com/ticker_sense/2007/03/sp_500_pe_ratio.html
The last couple of rallies took the S&P to the 840-870 range before the market fell back. I expect another test of that level and then a re-test of the bottom. My bet is on Citibank and BofA causing the next market drop, but that won’t happen until earning season starts up next month. Either way, puts against SPX when the advance appears to run out of steam is a good way to make a little pocket money.
And now I’m off to bed. “Today was good. Today was fun. Tomorrow is another one.”
Taxpayer
March 12th, 2009
10:12 pm
Barring any bad news such as the Fed taking over BAC or something similar, it looks to me like there is certainly room for the DOW to continue north for about 500 points and about 50 on the S&P. I would not hope for another day of gains on Friday though. It’s time for a few profit takers to step in going into the weekend.
GodHatesTrash, Superstar
March 12th, 2009
10:27 pm
I’ve been following The Daily Show’s slow-roasting of Santirelli and the other morons on CNBC and Bloomberg this week.
Cramer, Santirelli, et. al. are just a bunch of loud-mouthed pimps and whores.
Chris
March 12th, 2009
10:46 pm
What an odd melange of misanthropic comments! How the first two escaped having their fingers smartly smacked during grammer class is a mystery. This “I Report/You Whine” fellow apparently learned economics at a tavern. Does anyone here actually believe “ByteMe” knows anything about the stock market other than what he (or she) reads in comic books? The “Corporal” represents the inevitable “give it to me straight – with the bark on” war vet you find blundering around the blogs like an escaped mental patient. Finally, I won’t mention names, but I sense the tendrils of romance experimentally probing between some of the commenters. Love may yet bloom from this bourgeois symposium, but I fear one or both of them will be fat and unpleasant. I can’t honestly cite any of the comments as having a shred of intellectual merit. However I enjoyed the bizarre flight from reality. A guilty pleasure… like chocolate!
IC Atlanta
March 12th, 2009
10:47 pm
You Obama supporters will rue the day you voted for the man. The economic policies he is pushing through have failed over and over again throughout the world and they will not miraculously start working now. This is a bear market rally. The Dow will bottom at 3,000 and maybe even say hello to gold around there.
The Republicans are a lost party too with their splurge in earmarks. Honestly our country has little to no leadership right now. Not sure where to turn politically, but Obamanomics is and will be a failure if high growth and low unemployment is your desire. Obama hates achievement in the private market unless you are an entertainer, athlete or named George Soros.
The Corporal
March 12th, 2009
10:53 pm
Midori:
Yes, I think you do ……….
DBGwennitian:
Yes, and you’ve heard this before:
“Repetition is philosophical mucilege – it sticks”
)
Isn’t it great to live in a free (sort of) country ?
The Corporal
March 12th, 2009
10:55 pm
Chris:
Your funny. Keep it up but be polite.
The Corporal
March 12th, 2009
11:00 pm
To G:
G = gullable
getalife
March 12th, 2009
11:03 pm
It is quite remarkable how the President has taken on all the problems head on in his first 50 days.
The villagers whine he is doing to much but he is just getting started.
The think he is raising the bar for future Presidents and investing in our country and its future is something we can all agree.
jaypat
March 12th, 2009
11:04 pm
It means that now is a good time to sell the stocks that I still own.
RCB: Please tell us l how “money” is distributed. Is there a “conservative” way and a “liberal” way? Or is it just “no way, baby, I ain’t got a clue?”
The Corporal
March 12th, 2009
11:07 pm
HEADLINE: “US warships head for South China Sea after standoff …”
Hey now, what do you really, really, really, liberal, liberal, wouldn’t protect my familty from an intruder liberals think about this ?
P.S. “Never get involved in a land war in Asia”…. Vissini in the “Princess Bride”. But I guess an ocean war near Asia is o.k. Whew!
The Corporal
March 12th, 2009
11:22 pm
Sonar to bridge, sonar to bridge; range; mark ……….
The Corporal
March 12th, 2009
11:31 pm
HEADLINE: Artificial life ‘could be created within five years’
“Prof David Deamer, from California University, said although building a new lifeform from scratch is a daunting task he is confident it can happen in five to 10 years.”
From “scratch”? Nope – they’re cheating and using materials God made. Make your own dirt !!
GodHatesTrash, Superstar
March 12th, 2009
11:32 pm
Chad adds a lot to this blog. Generally, he shows far more respect for his so-called “fellow posters” than they deserve.
This is supposed to be a “left” blog, as the AJC advertises it. But we decent folk have to daily wade through the same filthy negative and hate-filled swill from the same hardcore group of paranoid rightwingnutterbutter lunatics. You (Bookman) then start banning only the most egregious people from the blog, but you feel the need to keep things in balance by knocking off someone from the left because some righty nutbar loses it online.
I’ve been banned from the far-right reactionary Luddite segregationist Woo-tan blog for around 2 years, I think. I never personally attacked anyone on that blog that didn’t personally attack me first (and remember, this is cyberspace – let me remind you rightwingnutterbutters, my real name is NOT GodHatesTrash), and was never ever as repetitively and as infantile over the top as some of the pure unadulterated whiny unfunny humorless crap that is regularly spewed here.
Perhaps your new “Fair and Balanced” editorial initiative will turn your paper into another Murdoch rag, and you can be the next Alan Colmes, the token “liberal”, paired up with one of those knuckle-draggers they’re trying out for columnist.
I’d take the severance package, even if there isn’t one.
GodHatesTrash, Superstar
March 12th, 2009
11:42 pm
You know, some of us don’t think that much of your paper, but you don’t see us decent folk regularly referring to your paper as a “urinal”, or continually and incessantly calling the AJC staff “Communists”.
(Actually, we have a Gannett paper here in Vermont that actually is so bad that I have a new appreciation for the AJC…
And Luckovich himself is worth the 50 cents…)
Chad Harris
March 12th, 2009
11:52 pm
And I say verily to all you wingnuts who thump bibles but live secret lives of sin like Mr. Obstruction Hooker Vitter whose biggest sin was appearing with his wife in a hideous looking leopard skin shmota.
Nightline is doing a segment on “Hookers for Jesus” which explain
Chad Harris
March 13th, 2009
12:48 am
Jay –
You’re into pot kettle territory,. You have accumulated 98% children who post idiotic in’t gective that couldn’t get published in My Weekly Reader.
When someone posts facts that are butressed clearly that don’t make them happy (nothing these days makes a thug happy) they begin to childishly and delusionally fantasize about wheg ither someone has xyz profession. If there is anything more infantile on the planet, let us know.
I’m all for discussing issues, but as far as I can tell you have only about 5 people who are Democrats who are willing to discuss issues. The rest of them (your Bookman wingbutters) could not prevail in a debate with anyone in the public K12 schools near your home.
TnGelding
March 13th, 2009
2:56 am
The Corporal
March 12th, 2009
11:07 pm
Just posturing. Don’t get excited.
You had an opportunity recently to diss Hillary, but didn’t. Were you ever assigned to her detail?
TnGelding
March 13th, 2009
3:06 am
Bud Wiser
March 12th, 2009
10:04 pm
He got a pretty good reception at the Business Roundtable:
http://news.yahoo.com/s/nm/20090312/pl_nm/us_obama_economy_1
O!:
“Government has to intervene in a crisis, but the goal should always be to right the ship and let private enterprise do its magic,” he told a group of more than 60 business leaders from top U.S. companies.
But executives who attended the Business Roundtable event on Thursday gave the president a warm reception.
“There’s a misperception, I think, in some peoples’ minds that the relationship between business and the Obama administration is like, well, oil and vinegar,” said Harold McGraw, the group’s chairman. “From our standpoint, that couldn’t be farther from the truth.”
Dave R
March 13th, 2009
3:08 am
GHT, Chadly adds nothing to this blog but attacks and no facts. He puts the “butt” in buttressed.
G, re:your 8:33 comment. As someone who works in retail, I can tell you that the Xmas bounce is now over and March’s retail numbers will be disastrous – especially for Georgia.
TnGelding
March 13th, 2009
3:10 am
Taxpayer
March 12th, 2009
10:12 pm
I’ll be satisfied to just hold yesterday’s gains, then it’s Katie bar the door!
TnGelding
March 13th, 2009
3:18 am
IC Atlanta
March 12th, 2009
10:47 pm
Who you gonna call? I would have preferred Hillary but he beat her fair and square. And the GOP sacrificed another over-the-hill career government employee instead of nominating one of their young lions.
The economy has almost always preformed better under Democrats in the WH. If the DJIA hits 3,000, I’ll buy your lunch through Jay, but I think O! is going to eat your lunch like he did Hillary’s and Johnny Mac’s.
Get happy and join us on the recovery journey:
http://new.music.yahoo.com/singleVideo/?vid=2163207
TnGelding
March 13th, 2009
3:24 am
ByteMe
March 12th, 2009
10:09 pm
Thanks again. That graph ended before Nov. 2007 and I didn’t look for a more recent one, but I got the drift, I think.
If it does reach 840-870, I see no reason why it can’t go on to 1,000 or even 1,200.
Yes, today is another day. Futures are basically flat right now. Like I said above, I’ll be happy just to hold yesterday’s gains.
TnGelding
March 13th, 2009
3:31 am
Open the video I submitted above, I’ll relink it here, in another window and let it play. It has some good tunes on it as well as video.
http://new.music.yahoo.com/singleVideo/?vid=2163207
Happy days are indeed here again, if we’ll just accept them and fulfill our individual as well as collective roles in a civil, caring society.
TnGelding
March 13th, 2009
3:34 am
Asia finished up and Europe is up nicely at this point and time.
TnGelding
March 13th, 2009
3:43 am
Big Blue branching out:
http://customwire.ap.org/dynamic/stories/T/TEC_IBM_WATER?SITE=GACAT&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2009-03-13-02-22-22
I Report/ You Whine
March 13th, 2009
6:33 am
Nairobi, Kenya —- A Chinese crew fought off Somali pirates using homemade Molotov cocktails while a Filipino crew showered the pirates’ path with old oil drums and wooden pallets.
Another sailor aboard a ship being attacked simply pushed the pirates’ ladder off the side, sending them tumbling into the waves.-Wall Mounted Restroom Fixture/Jihad
Sounds like some of the Bookman blog liberals took to attempted hijackings, don’t it?
I Report/ You Whine
March 13th, 2009
6:38 am
WORLD IN BRIEF: Militants urge halt in rocket fire-Urinal/Jihad
Huh.
The Islamic militant group Hamas issued a rare criticism Thursday of Palestinian rocket fire on Israel, saying now is the wrong time with talks under way on a long-term cease-fire with Israel and on a reconciliation deal with its West Bank-based moderate rival Fatah.
Aahhh, now I get it- “Wait until the talks are over and then you can bomb them, ackmed. Be patient fool.”
Talk to the savages.
Wonderful.
Redneck Convert
March 13th, 2009
7:11 am
Well, the beer stocks that’s in my 401k keep going up. Buy beer stocks, is my advise. The drunks in this world won’t never let you down. They drink when things go bad and they drink to sellabrate when things are good. The only time they don’t drink is the hour or so in church on Sunday. Have a good day everybody.
ByteMe
March 13th, 2009
7:30 am
TnG: You are correct, from a technical “chartist” perspective, if it clears 870, there’s no reason it can’t go higher for a while longer… except that earnings season and the tie between earnings and stock price will come into clearer view and statements like what the three bank CEOs have done over the past three days will seem like the cheerleading that it is. They used to try to measure earnings as EBITDA (earnings before interest/taxes/depreciation/amortization) and now they want to try to define it as EBITDAW (+ write-offs), except in the banking business, writing off debt means you have to raise that much more capital in an environment where only the government is coming up with capital for banks. Eventually that will end, the political embryos in Washington are slowly growing spines now.
As I said: watch Citi and BofA. They are the weakest of the weak right now and have the largest exposure to toxic assets. At least in the USA. The next hiccup could also come from Europe, where many of the large banks are actually worse off than the US banks and the governments there don’t have the wherewithall to support them like to the extent that we’ve done here.
TnGelding
March 13th, 2009
7:52 am
I Report/ You Whine
March 13th, 2009
6:38 am
You conveniently ignored the long term cease fire part. Why would they violate an agreement if they ever reached one?
Copyleft
March 13th, 2009
7:54 am
Bud, if you’re going to trot out the “Lady Chatterly” line every day, please learn how to spell it correctly.
TnGelding
March 13th, 2009
7:54 am
Redneck Convert
March 13th, 2009
7:11 am
Take a good look at the retail auto parts stores as well. You’ll find them there working on their dilapidated vehicles in the parking lots.
TnGelding
March 13th, 2009
7:59 am
ByteMe
March 13th, 2009
7:30 am
Thanks, again. Looks like a good start to the day anyway, but it’s still a long time before the opening bell. Europe is going strong as well. Another day like yesterday or Wednesday is really too much to expect.
Joe Matarotz
March 13th, 2009
8:41 am
Jay,
How did you find the time to write this explosice article?
Still, up is better than down. Whether it takes 12 or 24 or 36 months, based on previous history*, the market will make up all the ground it lost.
*Past performance is not a guarantee of future performance – Standard stock investment disclaimer.
Bud Wiser
March 13th, 2009
8:53 am
Copyleft, the “Lady Chadderly” is in reference to the blog’s self-proclaimed doctor, Mr Chad Harris. It is a respectful blending of the beautiful with the bungler, and I will leave it to you to discern which is which.
We can only hope as Chad slaves away in his mom’s basement, feeding the gerbils and doing his ‘medical research’, that the power will stay on so we may be blessed by his own form of insanity.
BTW, I am not only a multimillionaire financier, doctor, and a former astronaut, I own my own Gulfstream G-5, invented the internet (not that flaming poseur Al Gore), plasma television screens, and clothes for your pets.
You may thank me later…..
The Corporal
March 13th, 2009
9:37 am
To TnGelding:
Boy you were up late!
If we were talking personally I could get into a lot of things. But not here.
Thanks for asking.
Vinny
March 13th, 2009
11:24 am
Hey Jay – even a dead cat bounces if you drop him from the 10th floor.
Besides, this little spike is absolutely meaningless if you believe what your hero Obama says – “The stock market is sort of like a tracking poll in politics. It bobs up and down day to day, and if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong.”
It’s just a tracking poll, Jay. So our portfolio’s are down 50% – big deal. Barry sez to just don’t pay attention – everythings going to be o.k., O.K?
RealityKing
March 13th, 2009
11:40 am
9.5% up is great for Obama!!
Now he only has 41% more to go to equal other democratic presidents 10% average in their first year. Unless of course, you dubiously believe that 40% down is equivalent to 40% up..
Copyleft
March 13th, 2009
12:44 pm
Bud: So the most clever, cutting insult you can think of for someone you disagree with… is to call him a woman?
Jeez, that’s just SAD.
TnGelding
March 14th, 2009
6:00 am
Bud Wiser
March 13th, 2009
8:53 am
I knew you were wiser than most, certainly me. Quite a resume. Thanks for you astute contributions here.
TnGelding
March 14th, 2009
6:03 am
The Corporal
March 13th, 2009
9:37 am
Just up for a mid-night feeding.