Dow surges over 8000.... as recession could be nearing a bottom

[daggerkobe]

WASHINGTON – New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months

http://news.yahoo.com/s/ap/20090402/ap_on_bi_go_ec_fi/economy

Why aren't neonitwits such as raiders72002/pizzaboy and andy the wacko praising Obama and his policies.... which are proving that they are working?

I mean those two nitwits were blaming him for the recession that began in December 2007 and cost 4 millions jobs BEFORE he even got in to office.

[pavyracer]

OOL and Ragewizard lost their shirts the last 3 weeks.

[BobHarvey]

Obama works his ass off and is turning this thing around after less than three months on the job. It puzzles me why a few guys in the forum won't give him some credit. He's the first guy in a long time that's really a take charge guy. You may not like his style but he's turning this thing around!

[capitalist pig]

Its way to early for anyone to be making any calls on the economy. Im all for Obama leading the USA to great prosperity, but there is one issue thats going to haunt this country/Obama for several years. The 10 million (or however many there really are) people who are not working, they arent going to be going back to where they worked before. Companies have adjusted to do more with less employees and most of those positions will never be filled again. This is going to be a huge problem for us in years to come, there may be new jobs formed, but they will be far below the pay scale most people were used to making.As a construction company business owner, Im paying a lot less for my sub contractors (masons,electricians, plumbers,painters, etc), and it just gets passed down to their workers all JMO.

later

[Tsoprano]

Its way to early for anyone to be making any calls on the economy. Im all for Obama leading the USA to great prosperity, but there is one issue thats going to haunt this country/Obama for several years. The 10 million (or however many there really are) people who are not working, they arent going to be going back to where they worked before. Companies have adjusted to do more with less employees and most of those positions will never be filled again. This is going to be a huge problem for us in years to come, there may be new jobs formed, but they will be far below the pay scale most people were used to making.As a construction company business owner, Im paying a lot less for my sub contractors (masons,electricians, plumbers,painters, etc), and it just gets passed down to their workers all JMO.

later

agree

[jjgold]

We have not seen the worse

Market move is false

We still are in serious trouble

[fiveteamer]

This is like a G20 bump.

[obama our lord]

Jobless Claims Continue to Rise

New U.S. claims for state unemployment benefits jumped last week to a 26-year high while total claims soared to a fresh record, highlighting the risk of what could be a nearly historic drop in March payrolls due for release Friday.

Separately, U.S. factory orders rose in February after six consecutive declines, but a sign of future demand tumbled, indicating manufacturing's troubles aren't over.


Initial claims for state jobless benefits increased 12,000 to 669,000 in the week ended March 28, the Labor Department said in a weekly report Thursday, the highest level since October 1982.
Wall Street economists in a Dow Jones Newswires survey had expected a smaller rise of 3,000. The prior week's level was revised up.


The four-week average -- which aims to smooth volatility -- rose 6,500 to 656,750. That's also the highest since the 1982 recession.
The U.S. has lost 4.4 million jobs since the recession started in late 2007, including the largest monthly drop in six decades in December, 681,000, followed by declines in excess of 650,000 in both January and February.


Recent jobless claims figures suggest last month's decline could top December's, which would push the unemployment rate -- already a 25-year high of 8.1% -- up closer to 8.5%. On Wednesday, an employment gauge compiled by Automatic Data Processing Inc. and the consultancy Macroeconomic Advisers pointed to a 742,000 drop in private-sector jobs last month.

http://online.wsj.com/article/SB123867444549482133.html

[Willie Bee]

You'd cut off your nose to spite your face, wouldn't you OOL?

[durito]

Do you work in finance daggerkobe?

[jmathes]

We have not seen the worse

Market move is false

We still are in serious trouble

JJ is completely right. Look at RLM for example. Never trust statistics!

[BobHarvey]

My son just found a job after six months on the sideline. It's amazing how your perspective changes regarding the depression/recission when a family member defies the numbers. If your one of the people still looking I wish you good luck. But don't lose faith. Obama is headed in the right direction.

[BatemanPatrickl]

Obama works his ass off and is turning this thing around after less than three months on the job. It puzzles me why a few guys in the forum won't give him some credit. He's the first guy in a long time that's really a take charge guy. You may not like his style but he's turning this thing around!

You cannot be serious. If you are, I can only

[obama our lord]

Dumbass obama white house mistakenly has reporters call sex line

http://www.nypost.com/seven/04022009...____162563.htm

Journalists seeking to talk a little foreign policy with high-profile Obama administration officials live from the G-20 meetings in London this week were solicited for phone sex instead after ringing up the toll-free number given by the White House.


In a press release, the White House accidentally listed a sex line number for journalists seeking an "on-the-record briefing call with Secretary of State Hillary Clinton and National Security Adviser Jim Jones to discuss the NATO summit."



But after dialing, a soft-voiced female recording that was clearly not Clinton asked for a credit card number if you "feel like getting nasty.

[BatemanPatrickl]

Hopefully Obama keeps his "Special Olympics" jokes to himself this time.

[durito]

Hopefully Obama keeps his "Special Olympics" jokes to himself this time.

i'm sure he wasn't talking about you specifically

you find a job yet?

[RogueJuror]

i'm sure he wasn't talking about you specifically

you find a job yet?

[lys3rg0]

lolling @ people who never heard of a fake bottom bulltrap

[BrentCrude]

Slight of hand smoke and mirrors suckers surge.Whipsawing and gyration is the name of the game in this false Keynesian economy oncoming depression.A French math whiz investor was just on FOX Business a couple hours ago salivating over buying gold.

Another well known investor was on the Jeff Rense show last night on radio and he used historic graphs from 1929 and said that the Dow will reach over 10 k soon but it will be a summer of hell.He claimed the Dow will fall below 1,000 this year.

It's pick your poison,hyper inflation and maybe stagflation or a depression and deflation.Someone is going to end up in the SOL ''shi% out of luck club'' and it's not going to be special interest gangs that the government looks out for.It's going to be some poor schmucks like mom and pop carpenters that took out loans to buy equipment to build houses where they had sh^t eating grins for a few years rolling in $ and when the house of cards abruptly caved in on them they were begging in line at food shelves.There is a food shelf a block from my house and it's full of people coming back home from Alaska that supposedly made it big.The idiots used to brag how well they were doing and were extended and leveraged to the hilt.

[tacomax]

Brent - how much have you got invested in the stock market?

[therber2]

WASHINGTON – New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months

http://news.yahoo.com/s/ap/20090402/ap_on_bi_go_ec_fi/economy

Why aren't neonitwits such as raiders72002/pizzaboy and andy the wacko praising Obama and his policies.... which are proving that they are working?

I mean those two nitwits were blaming him for the recession that began in December 2007 and cost 4 millions jobs BEFORE he even got in to office.

Daggerkobe is 100% convinced that Obama controls the market's movements. John Paulson, the guy who made more money than anyone in the world in 2008 shorting the United States market bought long several things 2 weeks ago. Dagger, you news is always delayed; JJGold is right this was a bump, and we're going back down at some point in the near future. What are you going to say then about Obama, Dagger? Inheritence cliches?

[daggerkobe]

[therber2]

[daggerkobe]

Obama.

[therber2]

see?

[frostno98]

The company I am currently working with was projecting a 10% decline in sales around this time, so a layoff was implemented. A few weeks later, our sales is currently 15% above what corporate was expecting which caught everybody by surprised. Stock shares and 401 is slightly on the positive side, so it's looking good so far.

[daggerkobe]

Obama.