DOW and S & P up for 5th consecutive session

[Tchocky]

This is the first time in over a year that the indices have traded up for five consecutive trading sessions. Looks like the markets are pretty confident in Obama's economic team even if the economy looks pretty bleak. Don't be surprised if the DJIA is back to 10,000 by the time of the inauguration.

[EBSB52]

This is the first time in over a year that the indices have traded up for five consecutive trading sessions. Looks like the markets are pretty confident in Obama's economic team even if the economy looks pretty bleak. Don't be surprised if the DJIA is back to 10,000 by the time of the inauguration.

I hear ya, but OOOPS! It dropped 670. But it could rise that tomorrow. I don't think stock traders care about politics. Nice to have part of the financial wealth of the country in teh hands of greedy manipulators. I don;t see the DJ at 10k by new years, but ya never know, it could hit 12k.

[wtf]

why should market go up? earnings are going to be dramatically altered ( and not up for most firms) i would be surprised if 10k ANYTIME next year.

[Tchocky]

I hear ya, but OOOPS! It dropped 670. But it could rise that tomorrow. I don't think stock traders care about politics. Nice to have part of the financial wealth of the country in teh hands of greedy manipulators. I don;t see the DJ at 10k by new years, but ya never know, it could hit 12k.

I think I jinxed the markets with my post. I expected to see a selloff today but not this bad. 4th worst point drop in history. The economists said we have been in a recession since December 2007. Thanks for the heads up guys. I wouldn't have noticed unless they said something. 11 consecutive months of job losses. Bernanke was speaking in Austin today and then Paulson gave a speech. Markets always go down when Hank speaks.

[jjgold]

Markets are in deep trouble

I feel sorry for suckers buying stocks

[Chi_archie]

Markets are in deep trouble

I feel sorry for suckers buying stocks

30 years from now I'll be thankful that I continued to Invest in times like these...

[EBSB52]

why should market go up? earnings are going to be dramatically altered ( and not up for most firms) i would be surprised if 10k ANYTIME next year.

I don't think there is any direct correlation either way, altho I don't see it hitting 10k anythime soon. At the same time, the DJ slow and steadily rose during the first Bush recession, had 1 hiccup, so I just don't think there's always a correlation. Investors are weird animals, can't really tell.

[EBSB52]

I think I jinxed the markets with my post. I expected to see a selloff today but not this bad. 4th worst point drop in history. The economists said we have been in a recession since December 2007. Thanks for the heads up guys. I wouldn't have noticed unless they said something. 11 consecutive months of job losses. Bernanke was speaking in Austin today and then Paulson gave a speech. Markets always go down when Hank speaks.

Yea, no shit, thx for the warning

One thing I do see is the correlation between recessions and neo-con presidential terms. The Bush's will go down in history as the presidents who leave a recession. And then people will bring up this ghost recession of the post-Clinton era, well after he left, after 911. WHat a fvckin joke, even if we go well into the GWB era and seek the lowest point of his term, DJ wise, we're still at 7600, Clinton inherited 3500, some 4100 point increase, even if we fabricate and plot our research, rather than objectively weighing it.

[EBSB52]

30 years from now I'll be thankful that I continued to Invest in times like these...

Not even in 30 years, the market will correct itself. Seniors would be stupid to invest, but anyone in the 40-early 50's on down would be smart. The market drops, in part, for teh fear of short-term idiots, as they always want their stock profile to look nice.

[RageWizard]

The market will remain the same for a while. Up a little bit then a downward spiral to make new lows, then back up a little bit. People in the buy and hold plan are not going to make anything. 401K or mutual funds people might as well jump out of a window. Short term traders can make big bucks even if the don't actually short the market, and the best of all is the guy who sells short on the downturns then goes long on the up turns. Ride the roller coaster people, it is much more fun that way and you won't get killed if you have a financial plan and can lcut your losses before they get bad.

[EBSB52]

The market will remain the same for a while. Up a little bit then a downward spiral to make new lows, then back up a little bit. People in the buy and hold plan are not going to make anything. 401K or mutual funds people might as well jump out of a window. Short term traders can make big bucks even if the don't actually short the market, and the best of all is the guy who sells short on the downturns then goes long on the up turns. Ride the roller coaster people, it is much more fun that way and you won't get killed if you have a financial plan and can lcut your losses before they get bad.

I actually think the gov is gonna infuse so much cash that the market and general economy won't tank. I think the market has hit bottom and when teh house owners sell at a reasonable price, the housing issues will come around too. The only lacking piece right now is the manufacturing sector, which I feel Obama is gonna repair.