Comments on: Upbeat Wall St. Jumps Back Over 7,000

Dow Closes Up Over 200 Points On Signs Banks May Get Relief, Retail Sales, GE Credit Rating

[credibility2]

In the April issue of "Vanity Fair", there is an excellent article on the collapse and eventual bankruptcy of the entire Icelandic economy. Much of what created their demise is a microcosm of what is going on in this nation. Many of the same mistakes the frenzied young in Iceland got themselves involved in by investing and trying to get rich quick and coming up with schemes that on paper made everything appear to be stable, the banks and a government that ignored the warning signals because of their ignorance or flimsy regulation, and who also ignored and refused experts from their forewarnings and offers of assistance, were part of the perfect storm that now has this once thriving country totally worthless. It's a must read and highly recommended.

[usedeqbroker]

I don't understand how you can change (mark differently) what you call a bad debt and the bank will overnight be "better"... If I take a crap in the toilette it is crap... if I crap on the floor it is still crap, if I crap outside it is still crap though maybe I can't smell it in the house... it is still there and is still a pile of crap....

"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. "

[jimahc]

I'm more worried about a US government bankruptcy or dollar devaluation than the performance of the stock markets...a minor-scale measure compared to the prospect of a US bankruptcy.

[jxknowles]

If you can afford it, now is a good time to buy cheap stocks for long term growth. Operative words are 'afford' and 'long term'.

[scb1111_1]

Last month the Dow went back up over 8,000 and then it plunged down under 7,000! So I predict it now will plunge under 6,000 by the end of next month. Then it will go back over 6,000 then down under 5,000 on it's way toward "O" for Obamanomics!

[credibility2]

The up and down of the DOW is reminiscent of a roller coaster ride. I recall following closely the weekly Kiplinger Report publication and was always amused at the inconsistency and contradictions presented issue to issue over the same matter. It was skittish and frenzied. The content could never be taken seriously, just like these periodic hiccups in the numbers swaying.

[jimahc]

Meh, we were long over due a bear market rally before we plunge further.

[bobnjersey]

[Wall Street has a good day, in spite of Obamatron. Now, if Obamaton simply stops trash-talking and threatening businesses and the five-percenters, it may go up even more. ]
[Posted by ____One_American___ at 1:41 PM : Mar 12, 2009 ]

when it's down it's all his fault ... when it's up it's despite of him?

what a moron ... do you see the aburdity of what you're typing?

take your pick a$$hole ... it's one or the other.

[hungry1968-15]

Wall Street has a good day, in spite of Obamatron.

Now, if Obamaton simply stops trash-talking and threatening businesses and the five-percenters, it may go up even more.
Posted by ____One_American___ at 1:41 PM : Mar 12, 2009





You're a sad little troll, aren't you?

The stock market tanks and it's all Obama's fault, the stock market goes up and it's "in spite of Obama".

Get a life, loser.

[taxchurches]

"Wall Street rallied strongly for a third straight day"

B-b-but, wait, Mr. Hannity, you told me that it was all Obama's fault (despite the problems starting many months before his election), and he's still president. How is this possible?