Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Stocks Rise After Obama Treasury Pick

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:13 PM
Original message
Stocks Rise After Obama Treasury Pick
Stocks Rise After Obama Treasury Pick

CNBC.com | 21 Nov 2008 | 03:11 PM ET


Stocks woke up Friday after President-Elect Barack Obama announced two key cabinet posts.

New York Federal Reserve President Timothy Geithner was named Treasury Secretary and Bill Richardson as Commerce Secretary. Obama's former Democratic primary rival, Hillary Clinton, is expected to be names Secretary of State after Thanksgiving.

The Dow rallied more than 100 points. The S&P and Nasdaq also advanced.

Stocks shot out of the gate Friday then chilled out as traders recovered from a crushing two-day selloff that shaved 872 points off the Dow.

http://www.cnbc.com/id/27843564
Printer Friendly | Permalink |  | Top
WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:14 PM
Response to Original message
1. Excellent!
Printer Friendly | Permalink |  | Top
 
FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:15 PM
Response to Original message
2. UP to 250 at 12:15 Pacific Time! :)
Printer Friendly | Permalink |  | Top
 
question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:17 PM
Response to Reply #2
3. Wow, and it happened in 15 min
It would be nice to have one Friday when the market shoots up instead of down the way it often does.
Printer Friendly | Permalink |  | Top
 
LynneSin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:18 PM
Response to Original message
4. I've been watching my one stock tank but it went up 40 cents just now
I hope this is good - we need this change. I need my stocks to be worth something again.

But if I had money to spend I'd buy some stocks now. I could rally back and I could make a killing
Printer Friendly | Permalink |  | Top
 
question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 03:23 PM
Response to Reply #4
5. Of course, if your horizon is far - from retiring
this is a good time to buy.

I don't dare now. As a matter of fact, last month changed new contribution to 401K to 80% bonds and money market funds.
Printer Friendly | Permalink |  | Top
 
question everything Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-21-08 04:04 PM
Response to Original message
6. Dow soars 500
So much for the "Obama down effect on the market" that the right wingers were saying..
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Apr 23rd 2024, 02:02 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC