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| Name: |
GoneFishin
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| Subject: |
Good Choice
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Date:
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11/21/2008 4:59:00 PM
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This is just the beginning of a Democratic govenment which will begin the recovery. Maybe, even the loyal opposition here can find this a small positive piece of the puzzle.
AP
Stocks jump on report of Geithner nomination
Friday November 21, 4:18 pm ET
By Tim Paradis and Sara Lepro, AP Business Writers
Stocks jump on report Obama plans to name Geithner as Treasury secretary
NEW YORK (AP) -- Wall Street is ending a volatile week with an unexpected jolt of confidence following reports that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasury secretary. The major indexes have jumped more than 5 percent, with the Dow Jones industrials surging nearly 500 points.
Stocks have erased about half of the losses that came in steep selling Wednesday and Thursday.
Wall Street appears buoyed by reports that Obama plans to name his economic team on Monday -- offering investors some hope of a smooth transition in an uncertain market.
The Dow is ending up 494, or 6.5 percent, at the 8,047 level.
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| Name: |
Mack
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| Subject: |
Bull Crap
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Date:
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11/21/2008 7:47:21 PM
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In this Market one days news, and a 500 point gain, is erased the next day by another news flash and a 500 point loss.
Ordinary Investors like me are trying to limit their losses in the Market.
The Day Traders are going nuts.
The Vanity Fair article referenced down below is an excellent explanation of what has happened. Please read it. Crosses political lines.
That's HISTORY.
Fiscal Policy in the next few months/years is going to be brutal, I hope. Tight/Tight/Tight.
Just like YOU WOULD DO IF YOUR CHECKING ACCOUNT WAS ZERO!!!
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