The slight upward swing is False. It has no substance. Not one source of manufacturing is evident. Not one Sector is in Tangible Growth. Not one thing is in Production. Banks are failing, can't meet the stress test. Foreclosures are rising. People have no money. Taxes are increasing. Citations and Fines are being invented and multiplying. Government programs are cutting and slashing. I think that a few people who have disposable Cash on hand are jumping into projects out of desperation for better days, but it is just a Hail Mary effort and will fail. Don't give false hope; it hurts more than it helps.
It's a fickle market driven by rumor, happenstance and media. Any international or domestic political popcorn flatulation will cause it to fluctuate 200 points. Iran says this, Iran says that, a refinery had a hiccup, GM sucks, GM is a hero...and a million other anomolies.
This kind of news in nothing other than political media hype intended to give the "annointed one" some sort of false boost in the hopes he can continue to screw this country and its citizens for another 4 years. People are still losing their jobs, foreclosures are still on the increase in some states, entitlements are growing on a daily basis and unemployment benefits still run for 2 years vs. the old days of six months. When this type of activiy starts to turn around is when the economy will start to improve, NOT because of a momentary "Dow Blip" on the chart! Give us a break from the bulls**t!
Ok, I am fed up with blaming Obama for everything. If you don't agree with his policies, that is fine. But the name calling is just uncalled for. We need less finger pointing and more action. Less, "this bill has this in it I am not voting for it and no, I will not compromise". Less "I want my way or no way" in Washington.
Let me ask you, what would any of the other candidates do to create jobs? Give tax breaks to corporations that are already rolling in cash, but either not hiring or hiring overseas? I haven't heard anyone come up with a good plan yet.
While I agree with wallstreet not aligning themselves with the mainstreet (most real workers are trying to pay the water or electricity or mortgage bills and don't have money or interest to invest), blaming Obama for the recession is absurd. Both parties are to fault for the mess we are in.
America needs to find a way to compete with India and China. We cannot compete on wages, our cost of living is too high. We have to do something that they cannot do or are not doing. We need to do become less of a service industry and make things. We need to lead in things again like we did in the 80s and 90s.
is still above 10%. I guess Bev's statement calling herself "The Jobs Governor"...was just a lie?!
This shows that investors believe there is an upside to owning these 30 stocks. That is a good thing, regardless of what Fox News is telling you.