OH NO! Looks like the DOW is going to close up again!

[jenmito]

Yesterday it rose about 380 points and right now it's up about 50 MORE points! What about the "every time Obama opens his mouth the stock market falls" mantra?

Edited to change numbers above.

Now it's falling. Let's hope it ends up in positive territory. I may have spoken too soon.

[Solomon]

1. I thought yesterday was 380 not 280.

Hannity just cried that it went up again today. He snarked that he gained 50 cents today.

A rising stock market is now their worst enemy. LOL

[jenmito]

7. Yes-thanks. I edited it...

Poor Hannity and other people rooting against our president and therefore our country.

[LSparkle]

2. Oh NOES!

What will the Rethugs DO if things improve? What other
flagpole do they have to rally around except the economic
crisis???

[tridim]

5. I assume they'll give full credit to Bush and Reagan.

[jenmito]

10. Maybe they'll start LOUDLY claiming that Obama's not a U.S. citizen?

:shrug:

[crikkett]

29. No, the next campaign is to suppress his wife's right to bare arms.

Guns like hers need regulatin'

[jenmito]

30. They've already started that...

haven't they?

[tridim]

3. Damn you Obama!

BTW, did anyone on the MSM credit Obama for yesterday's rally?

[iamthebandfanman]

8. its that damn socialism

i tell ya.

tee hee

[jenmito]

13. Of course not!

They credited Citigroup. He only gets BLAMED for everything negative.

[JayMusgrove]

4. The sky is falling... the sky is falling. What a hoot.

CNBC led us down this primrose path to absolute amazement and burst of a bubble.

Now they don't know what to do.

I got an email from my Credit Union. They have money to lend.

[Arugula Latte]

6. The sky is falling .... er ... falling up.

[gcomeau]

9. CNBCs obvious idiocy aside...

...let's not let ourselves get caught up in cheerleading a couple days of gains in the market.

This thing is still a long way from fixed. I'm personally not expecting this to last.

[Solomon]

11. Damn. Made it to 9.

That's pretty good.

[gcomeau]

18. ??? -nt

[jenmito]

23. 9 posts before someone (you) made a negative comment. n/t

[gcomeau]

26. Which is...

Good? Bad? An interesting bit of trivia?

Do YOU think the economy is fixed based on two positive days in the market?

I'm not criticizing Obama's efforts, and I'll be just as amused to watch the CNBC blatherers trying to explain why every time the market fell it was all the fault of Obama's economic policies but somehow the last two days shouldn;t say anything about those same policies... I'm just saying it's been less than two freaking months trying to reign in Bush's Great Depression's Jr. just as it was really hitting it's stride. It ain't done.

[jenmito]

27. Negative...

we should at least celebrate two days of the DOW ending in positive territory. That hasn't happened in a long time.

[gcomeau]

28. Hey, I am celebrating.

I'm just not letting that spill over into silliness, like statements implying that people who thought the sky was falling weren't being rational (it was, and they were). Or that now "the sky is falling... up". Umm, no. It's not. It was a decent two days. I'm glad it was a decent two days. I'm all tickled at what it'll do to the business analysts trying to buidlsome absurd argument that the market is irreversibly tanking because of Obama's policies (did those policies cease to exist for the last 48 hours? I don't believe they did).

But there's no need to ridiculously overstate the significance of it though.

[zbdent]

12. I thought it was interesting this AM ... since you consider that it was quite a news story

on ABC World News Tonight last night ...

RW radio this morning in Cleveland ... Dow "Surging" (ABCWNT's term) 380 pts came in well after the news of Cleveland State winning a game in "March Madness", a note about a shooting in a whole other state, and a few other news stories ...

it was like "Oh, and by the way, the Dow was up ..."

[cliffordu]

14. Bummer.

looks like I dug my bomb shelter and bought all of that survival gear for nothing.....

[no_hypocrisy]

15. Now Cramer's gonna be in a foul humour . . . .

[jenmito]

16. Especially on The Daily Show tomorrow.

[jenmito]

17. Darn-that was fast. It fell, but at least ended in positive territory. +3. n/t

[Alcibiades]

19. We all know the function of the Dow is to serve

as a tracking poll. Nothing else it does is even marginally useful. That's why it only goes up when a Republican is in office, and only goes down when a Democrat is in office.

[HughMoran]

20. You cursed it

Don't ever count on the market acting in any predictable way - lol.

[jenmito]

22. I know...

But the last 15 min. or so is usually when the action happens and it was going up quickly. But then it went down even more quickly. Oh well.

[TechBear_Seattle]

21. THE SKY IS LIFTING! THE SKY IS LIFTING! n/t

[Connie_Corleone]

24. You almost jinxed it.

It's better to wait until the market closes.

[jenmito]

25. I DID jinx it!

:banghead: :D

[PurityOfEssence]

31. Suggestion: avoid using the economy, and ESPECIALLY the Dow as a scalar of Obama's effectiveness

Live by the sword, die by the sword, and this one's sharpened on both sides and literally flailing about.

Look at the graph for the Dow today: it's the kind of wacky confusion one would expect from a piece of machinery just before it fails.

Putting too much stock in stocks right now is just plain silly, and too dangerous to second-guess. Nobody with any sense is going to put much weight in anything short of precipitous collapse or a continued, soaring rally. It can only hurt the cause.

There are plenty of good things to chirp about, and it's better if voices of defense of the administration don't go around saying silly and reckless things. People have amply shown just how skittish and panicky they are of late, and there's no reason to play into it.

Our economic system itself is hobbled: the deregulation has caused so much of the lifeblood of finance to be intermingled with sheer fraud, and people are running scared. Jumping up and down pointing at momentary reversals just make us seem as silly as the reactionaries. Citi harrumphes a bit and claims to have had a non-disastrous few weeks, and people stampede for "bargains"; the silliness is far from over.

Much as I am firmly of the belief that Obama is FAR too committed to corporatism in virtually everything, I don't see this as a cynical or moral failing, I just see it as a mistake; the guy's got his heart in the right place in most cases, except for religion and macho wars of compensation, and let's not go spazzing around at every fleeting bit of good news. There isn't going to be much good news in the overall mix for awhile.

[windbreeze]

32. don't bet anything

on the DOW...I'm afraid the up is only temp.,and the fat lady hasn't begun to sing yet...wb