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Greek debt status had caused the DJIA to stagnate, even dipping below 10k last month. Yesterday we went from being +100 around noon to gaining only +5 at close. Yesterday's trend could repeat, as GDP estimates were revised down by .3% this morning:
Next Monday is the next payroll release, which is expected to show a gain of 100k jobs primarily as a result of Census hiring. April 30 is the next GDP release. If both reports are positive we could hopefully hit 11,000 again in April or May.
Really no telling, earlier the DOW was up +60, now it is only at +20. Fortunately my stocks are not a DOW component.
Also Monday health stocks did drive the market up, which was expected.
Greek debt status had caused the DJIA to stagnant, even dipping below 10k last month. Yesterday we went from being +100 around noon to gaining only +5 at close. Yesterday's trend could repeat, as GDP estimates were revised down by .3% this morning:
Next Monday is the next payroll release, which is expected to show a gain of 100k jobs primarily as a result of Census hiring. April 30 is the next GDP release. If both reports are positive we could hopefully hit 11,000 again in April or May.
Really no telling, earlier the DOW was up +60, now it is only at +20. Fortunately my stocks are not a DOW component.
Also Monday health stocks did drive the market up, which was expected with 30 million new customers for the insurance companies.
So in other words, just normal day to day World events and domestic economic indicators influence the market rather than this devastating Socialist/Totalitarian takeover of 1/6th the economy.
People should remember this next time right wingers want to be taken seriously.
So in other words, just normal day to day World events and domestic economic indicators influence the market rather than this devastating Socialist/Totalitarian takeover of 1/6th the economy.
People should remember this next time right wingers want to be taken seriously.
Is there a chance that the link you provided has changed considerably since you posted? I saw a drastic change in today's numbers. It was really nice to see the market rise after that bill was passed but fluctuations were pretty severe and I don't think it was all the "passage" of a non-constitutional bill that caused it all.
So in other words, just normal day to day World events and domestic economic indicators influence the market rather than this devastating Socialist/Totalitarian takeover of 1/6th the economy.
People should remember this next time right wingers want to be taken seriously.
Or maybe it's because Wall Street knows it has a friend in the Obama administration.
Last edited by padcrasher; 03-26-2010 at 11:00 AM..
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JI
