Rally grips Wall Street

Rally grips Wall Street

There are 3 comments on the Fortune story from Nov 16, 2009, titled Rally grips Wall Street. In it, Fortune reports that:

Stocks opened higher Monday as investors responded to a mixed report on retail sales and a weaker U.S. dollar pushed shares of energy and commodity producers higher.

Join the discussion below, or Read more at Fortune.

Mainstream America

Passaic, NJ

#2 Nov 16, 2009

The government isn't greater than free market capitalism. Our politicians have more control over capitalism than is healthy. They believe repeated government intervention is helpful when it's actually a hindrance. Think of it like a sprinkler and a garden:

Capitalism is the high-powered sprinkler which feeds the garden. Government is merely the valve which keeps it pointed in the right direction. It's a necessary device, but it's not the mechanism spraying out the nutrients which keep the garden green.

When you overuse the valve, and interfere with the natural cycle of the sprinkler, all patches of the garden don't get fed. Overregulation prevents the sprinkler from completing its rotation, just like excessive government stimulus doesn't boost an economy. It merely stops free markets from naturally correcting themselves. Excessive use of the reset button on the valve won't keep the whole garden green, it just artificially grows one patch.

Since: Apr 08

Location hidden

#3 Nov 16, 2009
The Anatomy of Casino Capitalism

We used to have ceiling on deposits after the depression. It protected the volitility in housing and private sectors.

Along comes the Euro markets , who could change the interest any way they wished.

not to miss this series of interviews.

&fe ature=sub

Since: Apr 08

Location hidden

#4 Nov 16, 2009
What we can do about the global cleptocrasy.

Headline Conneticut.

&NR =1

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Briefing.com Discussions

Title Updated Last By Comments
News Home sales climb 2% in October (Nov '12) Dec '16 fkhstmldkxd 58
News Stocks Dip on Mixed Economic Data (Sep '10) Apr '12 Vinod 4
News June Jobs Increase: a Paltry 18,000 (Jul '11) Feb '12 Helping_You_Hire 2
News Unemployment Claims Fall To 4-Month Low (Aug '11) Aug '11 David J Bhaltazha... 3
News Stocks: 'It's One Day At A Time' (Jul '11) Jul '11 Fed Up 1
News Unemployment Claims Drop Below 400,000 (Jul '11) Jul '11 Bill 2
News Stocks: Debt ceiling, earnings in focus (Jul '11) Jul '11 Mr_Bill 17
More from around the web