Stocks spike to new 2009 highs

[ortiga]

"NEW YORK (CNNMoney.com) -- Stocks surged Thursday, hitting their highest levels in nearly 9 months, as investors eyed the latest batch of better-than-expected profits and forecasts and a report that suggested the labor market is starting to stabilize."

http://money.cnn.com/2009/07/30/markets/markets_newyork/index.htm?postversion=2009073011

[daniel green]

Good news, indeed!!!!!!!

[theal3]

Good news, indeed!!!!!!!

Yes, but does the Pres. and this Admin. get any credit, cause when they were tanking earlier in the year those talkers at Fox and RW radio were blaming the President......, so I say he should get some credit, too. But they won't.

[Doc Holliday]

That GDP report might have a big effect on the market tomorrow.

I guess the expected value is -1.5%, but they really don't know and this is one of those numbers that could be anything.

The suspense is killing me.

[Hey Paula]

Yes, but does the Pres. and this Admin. get any credit, cause when they were tanking earlier in the year those talkers at Fox and RW radio were blaming the President......, so I say he should get some credit, too. But they won't.

Some believe the stock market is up because BO's approval ratings are down. They believe/hope cap and trade, and socialized medicine will not be enacted.

IMO

[fiver]

"NEW YORK (CNNMoney.com) -- Stocks surged Thursday, hitting their highest levels in nearly 9 months, as investors eyed the latest batch of better-than-expected profits and forecasts and a report that suggested the labor market is starting to stabilize."

http://money.cnn.com/2009/07/30/markets/markets_newyork/index.htm?postversion=2009073011

profits???

Isn't it immoral for companies to make profits? Isn't it the desire for profits that leads to bad management decisions and high risk taking that puts our entire financial system at the brink of disaster? Isn't it the desire for profits that leads to lucrative executive compensation packages in the millions, tens of millions and hundreds of millions?

And health insurance companies, oh my. The Speaker of the House said they were villainous in their quest for profits.

I don't think she's going to share with any enthusiam about any company making a "profit"

[flareon]

Dems tend to get themselves into boxes, don't they?

Funny Folks!!!

:smile:

That happens to them a lot. It comes from having situational values and morals. They kind of "flip flop". :laugh:

[fiver]

Dems tend to get themselves into boxes, don't they?

Funny Folks!!!

:smile:

At least they have thousands of straw men to keep them company inside their boxes!

:smile:

[Brentwood]

We are recovering from the damage that bush and the repub's caused, thankfully. It amazes me that some rw'rs try to lay the horrific damage done by repub's on Obama. I am so thankful that Obama is our President, especially after the last 8 years.

[theal3]

:biggrin: Your "some and IMO" sure do belong in a unit.

The market is a long term deal, forecast predictor for even into next year. When it was down, late last year and earlier this year the TH's said in effect "see his agenda is causing the market to tank" they know it's going to fail by summer, he doing to much too fast etc. etal, it's his bad economy now....." Well, then if everything is looking good now, doesn't that mean the recession is rebounding and 6 mo. to year from now the economy will be coming back? Can't have it both ways, if market is down and its' fault, then when it goes up it's to his credit. IMHO he doesn't affect the market, too many factors are involved for it to ALL the president from day to day. Doesn't work that way.

Well, we are pleased as punch with our investments. Market is gigantic gambling machine anyway. Don't put in what you can't afford to lose.

[LisaM22]

if we do not address foreign outsourcing soon, the money the government is putting into the economy will dry up in no time, now that we have stopped the economy from collapsing in on itself it is time to address outsourcing, hope that is next on the plate after healthcare