Stock market potentially posts 1000 point gain in two days.

[4lbs]

After word was leaked Friday about Obama's selection of Geithner, the DOW went up 500+ points.

Today, after Obama's press conference, it is currently up another 500 or so points.

If it stays relatively steady in the next 15 minutes (as of this writing), we could potentially see a 1000 point increase in two days due to Obama announcements.

:wow:

[lurky]

1. Call me cynical,

but I think the latest Hot Cash Injection from the government may have them all hot and bothered as well.

[Tandalayo_Scheisskopf]

2. Sit and watch a real-time graph of the S&P index sometime.

I have and it is the most rapid-cycling Bipolar 1 case study you will ever see. All I saw was psychology, not economics.

[gratuitous]

3. Oh well, see, now Bush is back in charge

When the market goes up, it means that Bush is in charge. When it goes down, it's because of existential dread about the imminent Obama presidency. I'd explain it, but it's pretty confusing to me, even now. Jim Kramer seems to have it all figured out; he was telling me just this morning on the Today Show that Lawrence Summers is an excellent choice for being one of Obama's economic advisors, because Summers is all untainted and stuff.

Saw the first bumper sticker of what I'm sure will be many this morning on the back of a pick up truck: "Don't blame me; I didn't vote for Obama." Numbnuts driving the oversized, overpowered dick extension almost surely doesn't realize that Obama hasn't been in office yet.

[TexasObserver]

4. It's Obama and the govt $ infusion.

I hope we get traction, but I'm worried about January/February when the really bad news from the credit industry hits.

[daleo]

5. Two more weeks of that and we can all sell our stocks at a profit

Happy days.

[Subdivisions]

6. And last Wed and Thurs it went down 1000 points in two days. n/t

[question everything]

7. I will take it.

I will take whatever is being offered. We are too close to retirement to have a wide horizon to recapture our losses.

Did not care much in 1987 or in 1992 or in 2002 when the market tanked. But now, yes.

And, really, everyone here should. One does not need to be an investor, or even have an IRA or a 401K account - though it is advisable - to be impacted. Loss of jobs affects the tax revenues that a government needs to run programs, as simple as fire and police and roads and bridges. Insurance companies invest the premiums in the market. Businesses and potential employers rely on the market.

And when a government has to spend more on people who are out of work and in need of assistance, this, too, depletes its reserves.