Going up... Again... - Mercedes-Benz Forum

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post #1 of 32 (permalink) Old 11-28-2007, 03:31 PM Thread Starter
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Going up... Again...

WOW!

Stocks Soar; Dow Up More Than 330

Don't believe everything you think
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post #2 of 32 (permalink) Old 11-28-2007, 03:51 PM
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But, but, but, haven't you read? The economy is going into recession and gasoline prices are going to keep people from shopping and, and, and . . .

2005 S430 4Matic 'Morton' W220.183 • 722.671 Rest in Peace

Bells and whistles are thorns and thistles.
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post #3 of 32 (permalink) Old 11-28-2007, 04:20 PM Thread Starter
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"...and, and, and" they are all idiots!

Don't believe everything you think
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post #4 of 32 (permalink) Old 11-28-2007, 04:47 PM
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I thought it was up due to hope.........

Stocks soar along with hope for rate cut - Yahoo! News
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post #5 of 32 (permalink) Old 11-28-2007, 05:41 PM
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It was nice but I cashed in on some profit today and converted to MM because like JE said, it's all about hope and if the Feds don't budge you can kiss hope bye bye
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post #6 of 32 (permalink) Old 11-28-2007, 05:49 PM
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It was nice but I cashed in on some profit today and converted to MM because like JE said, it's all about hope and if the Feds don't budge you can kiss hope bye bye

I did too, set some "sell at prices" and went to bed. if the fed does give hope, it will only be short lived........
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post #7 of 32 (permalink) Old 11-28-2007, 05:58 PM
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I couldn't decide between a bastardization of Disco Inferno [Churn, Baby, Chrun] or Spinning Wheel. I went for the latter. It's the stock market, kiddies, it's going to go up and down. That is how brokers make their money.

What goes up must come down
spinning wheel got to go round
Talking about your troubles it's a crying sin
Ride a painted pony
Let the spinning wheel spin

You got no money, and you, you got no home
Spinning wheel all alone
Talking about your troubles and you, you never learn
Ride a painted pony
let the spinning wheel turn

Did you find a directing sign
on the straight and narrow highway?
Would you mind a reflecting sign
Just let it shine within your mind
And show you the colours that are real

Someone is waiting just for you
spinning wheel is spinning true
Drop all your troubles, by the river side
Catch a painted pony
On the spinning wheel ride

McBear,
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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #8 of 32 (permalink) Old 11-28-2007, 06:02 PM
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And in other Economic news...

Who knew there was an Economic Adviser at the White House for the past Six years. I thought Rev. Ted was occupied elsewhere.

Bush's top economic adviser to resign
Al Hubbard, chairman of the National Economic Council, joins growing list of advisers leaving the White House.

November 28 2007: 11:00 AM EST

WASHINGTON (AP) -- President Bush announced on Wednesday that Keith Hennessey is his pick to be chairman of the National Economic Council, replacing Al Hubbard, who is joining a growing line of top presidential advisers exiting the White House as the Bush administration heads into its final year.

Hennessey, who came to the White House in 2002, is Hubbard's deputy and also has been deputy to two previous directors of the council. He served as a top budget aide to Sen. Trent Lott, R-Miss., and worked for the Senate Budget Committee.

"Keith has been an important member of my White House team for more than five years," Bush said in a statement. "He has served as the deputy to three directors of the National Economic Council, and has worked on a broad range of economic policy issues."

Hubbard's departure comes as Bush faces one of the biggest economic challenges of his presidency, a severe slump in housing and a credit crisis that have roiled financial markets and triggered fears of a recession.

In a letter to the president, Hubbard said he was leaving the White House with mixed emotions. "Were it not for my strong desire to spend more time with my kids, I would not have considered departing," said Hubbard, the father of three.

Hubbard has helped direct White House policy on entitlement reform, energy security, climate change, housing and trade investment policy. Among other issues, Hubbard has been deeply involved in the debate over the State Children's Health Insurance Program and Bush's proposal for a major shift in tax policy to, for the first time, treat health insurance costs as taxable income.

"Al contributed his own ideas and also worked to ensure that all views were brought to the table and given fair analysis and debate," Bush said. "While many of the policies Al worked to develop are in place today, other policy initiatives, including Social Security reform and health care reform, have laid the foundation for policies I believe will be adopted in the future."

Hubbard's departure, by the end of the year, continues an exodus of key Bush aides and confidants. Earlier this month, Fran Townsend, Bush's terrorism adviser, announced she was stepping down after 4 1/2 years. Top aide Karl Rove, along with press secretary Tony Snow, Attorney General Alberto Gonzales, Defense Secretary Donald Rumsfeld and senior presidential adviser Dan Bartlett, have already left.

Hubbard, of Indiana, was a low-profile economic adviser to the president whose strength came from his closeness to Bush. The two both attended Harvard University together. Hubbard also has close ties with Treasury Secretary Henry Paulson. Hubbard accompanied Paulson on some of his trips to China to lend White House support to efforts to get China to reform its economy and narrow the huge trade imbalance between the two nations.
Why is Dick Cheney smiling?

The National Economic Council was created in the Clinton administration to coordinate economic policy. The first NEC director was Robert Rubin, who went on to become Clinton's Treasury secretary.

Hubbard took the post at the beginning of Bush's second term, when the administration had high hopes for achieving success on a number of major issues such as addressing Social Security's funding problems and overhauling the tax code. However, as Bush became mired in problems involving the Iraq war, his domestic initiatives failed to make headway in Congress.

"Al brought to this job more than the creativity that he's known for," White House press secretary Dana Perino said. "He has a great booming laugh, but he also is a very honest broker when he works with everybody at the White House. Part of his role is to incorporate all of the thoughts and concerns and proactive ideas that members of the administration have."

Hubbard first met Bush when they were both attending Harvard's business school in the 1970s, getting MBA degrees. Hubbard, who later became president of E&A Industries, an Indianapolis investment firm, has owned and operated several businesses and served in the Bush-Quayle administration as executive director of a council on competitiveness. He has not yet announced his future plans.

Bush's top economic adviser stepping down - Nov. 28, 2007

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post #9 of 32 (permalink) Old 11-28-2007, 06:02 PM
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^^^Hey I did not sell my HAL nor some other oil nor my rails, with this tax saving move to the middle east that baby still has legs.....
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post #10 of 32 (permalink) Old 11-28-2007, 06:43 PM
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As credit dries up in U.S., concerns mount about recession

NEW YORK: Credit flowing to American companies is drying up at a pace not seen in decades, threatening the creation of new jobs and the expansion of businesses, while intensifying worries that the economy may be headed for recession.

As credit dries up in U.S., concerns mount about recession - International Herald Tribune
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