rfranklin
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Sep-20-10 03:20 PM
Original message |
The recession is dead! Long live the recession! |
|
Sept. 20, 2010, 4:13 p.m. EDT
U.S. stocks rally on earnings, economic hopes NEW YORK (MarketWatch) -- U.S. stocks ended sharply higher on Monday, as investors cheered earnings from a financial services firm and a home builder along with a call from the National Bureau of Economic Research that the recession that started in late 2007 had ended in June of last year. The Dow Jones Industrial Average (DOW:DJIA) gained 145.77, or 1.4%, to 10,753.62, lifted by 29 of its 30 components. Blue-chip gains were led by American Express (NYSE:AXP) , up 4.2%. The S&P 500 index (MARKET:SPX) rose 17.12 points, or 1.5%, to 1,142.71, led by a 2% gain in financials. The Nasdaq Composite (NASDAQ:COMP) gained 40.22 points, or 1.7%, to 2,355.83
This is the declaration that we can now officially forget all the unemployed, underemployed, dispossessed and impoverished people of the United States of America. Pop those champange corks!
|
el_bryanto
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Sep-20-10 03:21 PM
Response to Original message |
1. Hmmmm. Is that what Obama said? I heard a bit of it and |
|
It didn't come across that way.
Bryant
|
rfranklin
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Sep-20-10 03:26 PM
Response to Reply #1 |
2. Who said anything about Obama? |
|
The declaration that the recession ended (for who?) in 2009 is being greeted as a reason for "investors" to bid stocks up as if there were a return to the pre-meltdown circumstances.
|
Autumn
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Sep-20-10 03:31 PM
Response to Original message |
DU
AdBot (1000+ posts) |
Thu Apr 18th 2024, 03:47 AM
Response to Original message |