DCBob
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Mon Nov-24-08 05:56 PM
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| The Obama recovery: U.S. stocks post biggest two-day rally since 1987 |
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http://www.bloomberg.com/apps/news?pid=20601087&sid=aVv6DTKURp_E&refer=worldwideThe media is giving credit to the Citibank bailout but Friday's jump occurred long before the bailout plan. I think the bigger factor is that investors are beginning to feel more comfortable and confident with the coming Obama administration.
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| OnceUponTimeOnTheNet
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Mon Nov-24-08 06:47 PM
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| 1. Disagree. The market will drop again. |
| Grateful for Hope
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Mon Nov-24-08 06:51 PM
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Edited on Mon Nov-24-08 06:51 PM by Hope2006
All measures so far are nothing more than band-aids. I don't think we will see any type of sustained even-keel in the markets (we all know there will be no growth for quite some time) until we see a reasonable stimulus package that will help to begin to increase consumer confidence. It is, after all, the consumer that drives the economy.
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| DCBob
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Mon Nov-24-08 08:14 PM
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| 3. No doubt the market will drop again. |
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My point is Friday and todays bump were facilitated by confidence in Obama. Obviously that cannot last indefinitely without some real tangible positive meaningful effects.
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Tue Apr 16th 2024, 05:17 PM
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