S&P 500 index logs its best week of the year

[Omaha Steve]

Source: AP-Excite

By STEVE ROTHWELL

NEW YORK (AP) - The stock market closed out its best week of the year on Friday as investors focused on company earnings and brushed off another weak economic report.

Campbell Soup climbed after reporting earnings that beat the estimates of Wall Street analysts. Cliffs Natural Resources, a mining company, also jumped after its earnings beat analysts' expectations and the company named a new Chief Executive Officer.

The Standard & Poor's 500 has wiped out almost all of its loss for the year after a big slump in January, and is now just 10 points below its record close of 1,848 reached Jan. 15. Stocks slumped last month because of concerns about the outlook for growth in China and other emerging markets and worries about the health of the U.S. economy.

"For all practical purposes, we're back," said Jonathan Golub, Chief U.S. Market Strategist at RBC Capital Markets. "We've effectively recovered this pullback."

FULL story at link.


Read more: http://apnews.excite.com/article/20140214/DABV96I00.html

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In this image provided by the NYSE, Shutterstock’s Chief Technology Officer, James Chou, joined by members of the company’s leadership team and Fast Company’s Associate Editor, J.J. McCorvey rings the opening bell at The New York Stock Exchange in New York City. (AP Photo/NYSE, Ben Hider)

[dotymed]

1. Of course stock markets

are realizing record profits. Americans are making less money than ever to ensure that these bastards get all of the money.

Greetings from Tn. where "our" governor talked the workers at the VW plant into voting against unionizing.
The peasants have to remain poor and under paid to create the record profits for the stock market.

If not, says republican governor Haslam, the VW plant (whose other plants are ALL Unionized) will not produce their SUV line here. Instead they will produce them in Mexico (where the wages are even lower than here). Of course, VW did not say that.

How long will Americans tolerate our own slavery? Until we are a third world nation it seems. We are not far from there. Thanks
to all of these "free trade agreements."
America, by design, has become the asshole of 1st world nations(?). That is why we have record numbers of Americans denouncing their citizenship. If we poor people could afford to leave, those numbers would probably be 10x that. Of course the stock markets
may not be as profitable then.
It seems that when Hitler took over Germany, they too had record stock market profits and record numbers of citizens denouncing their country. Of course, the poor had to stay and have their lives ruined.

[MannyGoldstein]

2. The Rich... they are saved... nt