All three stock indexes are now in positive territory for the year - Mercedes-Benz Forum

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post #1 of 28 (permalink) Old 06-14-2009, 10:54 AM Thread Starter
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All three stock indexes are now in positive territory for the year

Are we out of the woods?

The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil slipped.

The Dow Jones Industrial Average gained 28.34, or 0.3 percent, to close at 8,799.26, putting it up about a quarter percent for the year.

The S&P 500 added 0.1 percent, while the Nasdaq shed 0.2 percent.

For the week, all three indexes finished about half a percent higher. And, for the year, all three indexes are now in positive territory.

Dow Positive for Year; Bank of America Rises - Market Overview * US * News * Story - CNBC.com

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post #2 of 28 (permalink) Old 06-14-2009, 11:20 AM
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Originally Posted by Jayhawk View Post
Are we out of the woods?

The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil slipped.

The Dow Jones Industrial Average gained 28.34, or 0.3 percent, to close at 8,799.26, putting it up about a quarter percent for the year.

The S&P 500 added 0.1 percent, while the Nasdaq shed 0.2 percent.

For the week, all three indexes finished about half a percent higher. And, for the year, all three indexes are now in positive territory.

Dow Positive for Year; Bank of America Rises - Market Overview * US * News * Story - CNBC.com
According to McTalking-Points, ALL the indicators are starting to show a turnaround, well except for unemployment, that's a lagging indicator so it doesn't count.

Who's John Galt.

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post #3 of 28 (permalink) Old 06-14-2009, 11:22 AM
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According to McTalking-Points, ALL the indicators are starting to show a turnaround, well except for unemployment, that's a lagging indicator so it doesn't count.
And all that thanks to G.W. Bush.
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post #4 of 28 (permalink) Old 06-14-2009, 12:15 PM Thread Starter
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As I've stated many times in the past, ours is a resilient economy. This just goes to show that it can improve in spite of the socialist policies of the Obama administration.

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post #5 of 28 (permalink) Old 06-14-2009, 02:07 PM
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I think you have Obama to thank. If Bush is still in office, the Dow should be hitting 300 just about right now.

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post #6 of 28 (permalink) Old 06-14-2009, 03:10 PM
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It appears as though they have the same approach.

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post #7 of 28 (permalink) Old 06-14-2009, 03:51 PM Thread Starter
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Obambi is desperately trying to follow in President Bush's footsteps, but occasionally forgets what President Bush actually believed in. Too bad, but I still have hope he will figure it out--and get it right.

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post #8 of 28 (permalink) Old 06-14-2009, 04:37 PM
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When will the trillion-dollar Obama stimulus package kick in?

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

~ Senator Barack H. Obama
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post #9 of 28 (permalink) Old 06-14-2009, 04:44 PM
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When will the trillion-dollar Obama stimulus package kick in?
Parts already are.

Are you starting your spreadsheet of tax revenue generated by the various projects so you can also track the positive side of it?

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post #10 of 28 (permalink) Old 06-14-2009, 04:52 PM
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Are we out of the woods?

The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil slipped.

The Dow Jones Industrial Average gained 28.34, or 0.3 percent, to close at 8,799.26, putting it up about a quarter percent for the year.

The S&P 500 added 0.1 percent, while the Nasdaq shed 0.2 percent.

For the week, all three indexes finished about half a percent higher. And, for the year, all three indexes are now in positive territory.

Dow Positive for Year; Bank of America Rises - Market Overview * US * News * Story - CNBC.com
There will be another drop in the market. As I always say, the market is nothing more than a indicator of a few stocks. But, as was pointed out, the foundation indicators show that we are starting a turnaround and that makes those stocks start to pop.

The lagging indicators are going to be six months out before they start to really pick up and trend flat then up. Unemployment is going to be the biggest bear as there are just not as many places for work to be. That is going to be a conundrum for the next generation as we balance how to address global manufacturing, improved productivity AND a growing population. The math is not in favor of a fully employed workforce.

The TARP has started letting houses sell again as credit has opened up a bit. That has a long way to go but it is going. The stimulus money is starting to hit the pipeline in two ways. First through direct money and second through projected monies which means that some layoffs that might have been scheduled won't happen as spool up for new projects or continuation of existing projects will allow employment to continue or grow a bit.

Wads of baby steps.

Oh, and for those who humorously think we are in the same path as with Bush, please grab a return flight on Air Irrational back to Earth. Just looking at the federal contract databases shows the differences from the get-go.

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