Bush rides surging stock market!

[Cocoa]

Could the Dow cross the magical 10,000 mark? :wow:

Place bets on which network runs with a story like this.

[AIJ Alom]

1. Yeah right.

Dow's gonna drop come Thursday and Friday, like it has been trending for the last couple of months.

[Warpy]

2. I disagree.

Funny money is flooding into the market right now, and it will stay between 9500-10,500 until November 3. After that, all bets are off.

[AIJ Alom]

4. Are you saying that the Saudi Royals (or any other Bush group) is bailing

him out ?

[DinahMoeHum]

10. Also, some folks are buying on dips and adding to their positions.

n/t

:kick:

[Weembo]

3. Good likelihood it will begin going up

Democrats in the white house are almost always better for the stock market. If Wall Street begins to believe Kerry will win, look for a significant upward movement before the election.

[Brotherjohn]

9. Remember when Bush passed his first round of tax cuts? Based on the chart

... below, I think that was around Feb/Mar 2001.

I do remember that the Dow plummeted as it looked like they were going to pass, and after they passed, and that analysts pinned this to nervousness at the fiscal irresponsibility of the policy, predicting high deficits.

[NewYorkerfromMass]

5. PFFFT!

[Brotherjohn]

6. The only story here is that the Dow has DROPPED below 10,000.

If it nudges back above 10,000 just before the election, that won't mean anything.

The Dow HURTS Bush no matter what happens between now and Tuesday.

[Cocoa]

7. the 10,000 factor seems to be one-way

when it crosses going up, it's big news, not so when it's going down.

[Brotherjohn]

11. I disagree. I heard it as news on many stations when it dropped below...

... 10,000 recently.

And if it has been above 10,000 for most of the past year or two, and drops below it, a bump back over 10,000 is not news at all.

[Cocoa]

13. it led the network news when it was going up

two out of the three networks had it as their lead story, as I recall.

Going down, it was mentioned in the business segment.

[Brotherjohn]

17. Yeah, but when it was going up from where? Throughout 2003...

... it gradually climbed, and got back above 10,000 for the first time in almost two years.

THAT was news.

But it's BEEN above 10,000 for most of the last year, and it's gradually declining. It's hovering back and forth near the 10,000 line for the past few months, and has recently dipped well below it. Another bump back over it is nothing newsworthy. It only just dropped below it the other day.

The Dow is currently in a state of decline, and dipping to its lowest point in a year. THAT is the news now. 10,000 is no benchmark. It's just treading water.

If you remember it being big news, my guess is that was near the end of 2003 (see chart above).

[Cocoa]

18. yeah, late 2003 is what I'm talking about

not too long after the ridiculous "Saddam bounce" that all the financial media whores went on about.

[bluedog]

8. I like to say its

because Clinton was out on the campaign trail and investors are reminded of the days of plenty....he rallied the groups and the Dow fell in line........a good omen for Kerry

[snowbear]

12. You HAVE to be kidding!

The only reason stocks surged today was because investors liked that the Insurance Brokers deal was resolved....

Look at the consumer confidence report today :wow: ... It was PATHETIC!

Even if stocks surge every day this week, the month will end on a downward note.

[On the Road]

14. The Weak Dollar is Supporting the Stock Market

Foreign investors can buy stocks at a discount because of the exchange rate. At the same time, US investors pay a premium for international stocks. It has a definite effect.

[The_Casual_Observer]

15. I expect to see it fall to about 9,400 by Monday

Consumer confidence down, housing market slowing, Gas prices at record levels.

[Bleacher Creature]

16. Ahhhh.....Bizarro World.

A place where a stock market is surging when it reaches a level that is still 2000 points below where it was 4 and 1/2 years ago.