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It's just a stop gap of government spending, things will be on their way down the death spiral soon enough. Then all of you will wish you invested in gold like the smart people.
So the world's perception of our leader has absolutely no bearing on world markets? Interesting.
Didnt say that.. What did our leader do today to cause the market to increase here in the US, let alone Europe?
US stocks rise after European markets climb | AP | 06/15/2010 (http://www.philly.com/philly/wires/ap/business/markets/20100615_ap_usstocksriseaftereuropeanmarketsclimb. html - broken link)
You think the NY manufacturing reports caused a world wide economic stock market boost? I shall return to laughing again...
(hint, it was easing of debt concerns of other countries which increased the stock market, which have NOTHING to do with Obama)..
I think?
Try Bloomberg Financial News thinks ....
Quote:
June 15 (Bloomberg) -- U.S. stocks rallied, with the Standard & Poor’s 500 Index erasing its loss for the year, after reports showed New York-area manufacturing expanded for an 11th month and prices of imported goods declined.
I guess you are smarter than the financial experts?
I guess you are smarter than the financial experts?
The S&P was up 25.60 today, thats not a rally or a big day.. But why did you stop there?
Today’s rally sent the S&P 500 about 6.5 points above its average level in the past 200 days, a move considered significant by investors who base trading decisions on chart patterns. The S&P 500 increased to near the 200-day mean on June 3 and May 27 before losing as much as 5 percent in the next two days.
Being 6.5 points above the past 200 days average again, isnt an economic recovery.. If the 200 day average was 100.. And we're at 106.5, its still not a sign of a recovery because it would be an idication of ONLY 200 days..
The Bloomberg story doesnt say ANYTHING you are claiming about this being a sign of economic recovery. Since you are now quoting "financial experts" tell me where they say that..
Try the other financial experts...
US stocks rise after European markets climb | AP | 06/15/2010 (http://www.philly.com/philly/wires/ap/business/markets/20100615_ap_usstocksriseaftereuropeanmarketsclimb. html - broken link)
So the next time the market tanks, that means the economy is tanking?
Stocks went up today because we had good manufacturing news.
We didn't have good manufacturing news because stocks went up.
This is not complex logic!
If the market goes down again, it can be from any number of reasons, and have absolutely nothing to do with the state of the economy.
But today's manufacturing report is another strong sign of R-E-C-O-V-E-R-Y !!!
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But why did you stop there?
