Stocks jump on renewed optimism on housing, banks
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#1 May 18, 2009
And, tomorrow the market will drop because Obama had heartburn or for some other asinine reason. The market went up because there was more buying pressure than selling pressure, pure and simple. Professional day traders who work for big brokerages are moving the market, and it ain't for altruistic reasons. They are nickel and diming our 401K's to death. They should be stopped. A five day "hold" on purchases would help, and reinstating the uptick rule is a no-brainer. Did you hear that SEC Chairperson Mary Schapiro?
#2 May 18, 2009
You are right on the mark.When consummer spending and unemployment numbers come out,down goes the market on it's typical up and down cycle.
Consumer spending accounts for 70% of the economy and that is not returning any time soon.Unemployment 10% in next 3 month.
#3 May 18, 2009
comparing quarterly results to analyst estimates is the dumbest thing ive ever heard...especially when analysts can estimate whatever they damn well please. im sure they are undestimating so that results "paint" a rosier picture to spur investor confidence, etc. its all BS....
#4 Mar 10, 2013
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