The recession is dead! Long live the recession!

[rfranklin]

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]

1. Hmmmm. Is that what Obama said? I heard a bit of it and

It didn't come across that way.

Bryant

[rfranklin]

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]

3. Okay, sure it is

:rofl: :rofl: :rofl: K/R