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The Dow is up 200 points!

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Pharaoh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:11 PM
Original message
The Dow is up 200 points!
It must be Obama's fault!!! :rofl: :rofl: :rofl:
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skooooo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:12 PM
Response to Original message
1. Damn that Obama!!!
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:13 PM
Response to Original message
2. Trust me, no one will blame this on Obama.
:fistbump:
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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:16 PM
Response to Reply #2
5. It's a good thing Rush Limbaugh is on the case.
Now I feel a lot better.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:14 PM
Response to Original message
3. No it's not, because the MSM didn't even bother to mention it today
How long has it been since we've had three positive days in a row? A year?
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:15 PM
Response to Reply #3
4. That's how you know it happened.
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Belial Donating Member (503 posts) Send PM | Profile | Ignore Thu Mar-12-09 05:19 PM
Response to Original message
6. Yahoo Finance..
This week's rally got an extra dose of adrenaline after an accounting board told Congress Thursday it may recommend a let-up in financial reporting rules for troubled banks in three weeks. Upheaval in the banking industry has been dogging the market since 2007, and hope that banks might finally get relief in how they value their bad assets spurred a flurry of buying.

"We might find that the banks are not as bad, or not bad at all, if these assets are marked differently," said Doreen Mogavero, president of the New York floor brokerage Mogavero, Lee & Co.

Better-than-expected retail sales figures also helped stocks, as did positive news from four Dow companies: Bank of America Corp., General Electric Co., General Motors Corp., and Pfizer Inc.

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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 05:24 PM
Response to Reply #6
7. This rally is all about options expiration next week...
The big boys have to cover their asses so they don't lose a shitload of money on the options. Once they cover their positions the market will tank once more. Because the average joes are being thrown out of work by the millions and they are the ones who make our economy run. They've done a heroic job, mortgaging themselves far beyond any reasonable amount they could pay back and without a job they never will make the nut.
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NRaleighLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 06:06 PM
Response to Original message
8. That's 'cause I got some of my garden planted. N/T
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