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Woo Hoo! The Markets Love the Kagan Pick - Dow Up Over 400 Points!

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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:13 AM
Original message
Woo Hoo! The Markets Love the Kagan Pick - Dow Up Over 400 Points!
Edited on Mon May-10-10 11:16 AM by jefferson_dem
Check it out. :bounce: --> http://money.cnn.com/data/markets/dow/

Well, a small portion of the market surge might be related to the European bailout... But I'm thinking it's mainly due to Kagan Fever!

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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:16 AM
Response to Original message
1. What's good for Wall Street is usually bad for Main Street. (nt)
Edited on Mon May-10-10 11:16 AM by w4rma
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:17 AM
Response to Reply #1
3. Ugh...
Have a good day anyway. :hi:

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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:37 PM
Response to Reply #1
20. True dat. nt
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HughMoran Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:16 AM
Response to Original message
2. lol - Kagan fever
:rofl:

You're funny.
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:19 AM
Response to Reply #2
5. Kagan Fever!
Catch it!


Elena Kagan softball photo from University of Chicago Law School, 1994-95 directory of faculty and students

http://blogs.suntimes.com/sweet/2010/05/elena_kagan_at_bat_played_chic.html
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fortune Donating Member (43 posts) Send PM | Profile | Ignore Mon May-10-10 11:18 AM
Response to Original message
4. Yup. Corporations are sure happy n/t
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:20 AM
Response to Reply #4
6. Hey there!
Welcome to DU! :hi:
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fortune Donating Member (43 posts) Send PM | Profile | Ignore Mon May-10-10 11:21 AM
Response to Reply #6
8. Thanks!
:)
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fortune Donating Member (43 posts) Send PM | Profile | Ignore Mon May-10-10 11:32 AM
Response to Reply #4
10. self-delete n/t
Edited on Mon May-10-10 11:36 AM by fortune
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:44 AM
Response to Reply #4
17. Corporations would be happy if her number one critic Greenwald had been the choice
since he is the one that actually supported the Republican Citiznes United ruling
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:21 AM
Response to Original message
7. It's certainly been a great start to the week!
:toast:
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:22 AM
Response to Reply #7
9. Indeed it has.
Cheers!
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ShortnFiery Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:35 AM
Response to Original message
11. Why not? She's pro- Corporate control of our Nation. eom
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:40 AM
Response to Reply #11
14. You are mistaking her for her critic Greenwald that supports Citizens United
Edited on Mon May-10-10 11:57 AM by NJmaverick
now that guy is a real corporate supporter
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:41 AM
Response to Reply #11
15. Your comment is silly...given that she took the exact opposite position...
Edited on Mon May-10-10 11:42 AM by jefferson_dem
in arguing for the government in the Citizens United case. Was that the old "three dimensional chess" trick?

http://newsroom-magazine.com/2009/law/supreme-court-argmument-citizens-united-vs-federal-election-commission-2/
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:44 AM
Response to Reply #15
16. Well some people don't study the facts and form an opinion
they bend the facts to their opinions and positions.
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fortune Donating Member (43 posts) Send PM | Profile | Ignore Mon May-10-10 11:37 AM
Response to Original message
12. Of course, the #1 economic news of the day couldn't have been the cause (huge European bailout)
Edited on Mon May-10-10 11:40 AM by fortune
I don't know. I'm no expert. Just asking you if you think you were being simplistic by ignoring the #1 economic news of the day and insinuating that Kagan must be awesome because of the worldwide stock surge?:

http://voices.washingtonpost.com/economy-watch/2010/05/stocks_respond_to_european_bai.html?hpid=topnews
http://online.wsj.com/article/BT-CO-20100510-709833.html?mod=rss_Global_Stocks
http://www.nytimes.com/2010/05/11/business/11markets.html?hp

Also...are European stocks inexplicably reacting to Kagan's nomination too?
http://www.bloomberg.com/apps/news?pid=20601085&sid=a9wBERQbtDm4

Are we to believe that Japanese stocks ignored the huge bailout and reacted to the nomination of an American SC judge too? http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/05/10/bloomberg1376-L26HBD07SXKX-1.DTL
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 11:45 AM
Response to Reply #12
18. Nah.
That little bailout deal is purely coincidental, i'm sure. As I mentioned in the OP. :)
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greencharlie Donating Member (827 posts) Send PM | Profile | Ignore Mon May-10-10 11:38 AM
Response to Original message
13. maybe because of Braden's perfect game? nt
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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 08:18 PM
Response to Reply #13
27. could be
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:36 PM
Response to Original message
19. I REALLY hate those headlines that read...
"Stock Surge on ______" or "Stocks fall after _______"

Fill in the blank with anything whatsoever. It doesn't matter whether there is a causal relationship or not, as long as you can appear to know what the hell you're talking about by making the bogus verbal connection.

"Stocks Surge on Failure of BP Oil Containment Plan"
"Stocks Plunge After Lindsey Lohan Arrested for DUI"

Without some reasoned argument as two why two things are connected, to claim they are connected is quackery.

And even with detailed justification making such claims is still usually quackery. After all, if economists actually KNEW what causes the market to go up and down they would all be buying and selling at precisely the right time, and their predictions, instead of being almost always wrong, would be right.
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:40 PM
Response to Reply #19
21. To all who actually need this pointed out to them...
The OP was posted with tongue firmly planted in cheek.

I thought it was obvious.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:45 PM
Response to Reply #21
23. My heartfelt apologies for misinterpreting. NT (No Trubba)
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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:50 PM
Response to Reply #23
24. Hey...
No problems. :)
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Sebastian Doyle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:41 PM
Response to Original message
22. Wow. So the people destroying this country like Kagan?
I don't think that's anything worth cheering about. :evilfrown:
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Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 12:54 PM
Response to Original message
25. suckers rally
Stay out of this market guys. Don't get burned.
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amandabeech Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 01:02 PM
Response to Original message
26. You're so funny. n/t
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