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Economy getting stronger

A

Anonymous

Guest
Stocks rally on jobs reports and ECB plan

By Hibah Yousuf @CNNMoneyInvest September 6, 2012: 12:39 PM ET

NEW YORK (CNNMoney) -- A rally on Wall Street gained momentum Thursday as investors welcomed better-than-expected reports on the U.S. labor market and the European Central Bank's bond-buying plan.

The Dow Jones industrial average surged more than 200 points, or 1.8%. The S&P 500 and Nasdaq shot up about 2%.

The advance was broad, with all 30 components of the Dow moving higher. Bank stocks were leading the gains on the blue-chip index with shares of Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) soaring more than 4%. About 98% of the S&P 500 was trading in positive territory.

Speaking after a meeting of top ECB officials in Frankfurt, the central bank's president, Mario Draghi, reiterated his pledge to do "whatever it takes" to preserve the euro and said the ECB is prepared to make "outright monetary transactions," or OMTs, in the secondary market for euro-area government bonds.

The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations.

Related: ECB outlines bond-buying program

"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012. The central bank now expects the euro-area economy to contract between 0.2% and 0.6% this year.

On the domestic front, a handful of reports on unemployment and hiring showed an improvement in the job market. The latest week of jobless claims fell by more than economists had forecast, while companies expanded their payrolls more than expected in July.

Investors hope Thursday's data is a preview of what the U.S. employment picture looks like with Friday's monthly jobs report.

"We've been seeing incremental improvement in the U.S. economy, and it would be great to get two strong jobs numbers in a row," said Ablin.

---------------------

The Dow is up today 231.73 points (1.8%) at 13,279.21

On this date in 2008 the Dow dropped 443.48 points (-4.85%) closing at 8695.79


So someone tell me again how great things were back in 2008- and how much better off we were with GW at the helm :shock: :roll: :p :lol: :lol:
 
A

Anonymous

Guest
4Diamond said:
Come out in the real world for 5 mintues if you believe that bull S---.

I am 4Diamond-- I'm looking at the real world thru my eyes --record high cattle prices (even higher than the border closure record prices)- great crops this year with great grain prices- wifes retirement account that went bust with GW built back up fairly well (will never recover from GW's screwup)--fuel prices lower than GW's highs- local economy booming- new business's opening daily- with old business's building huge additions--with job openings crying for someone to fill them-- which means lots of good paying jobs...
Nope- like I said before- up here in the real world- things are a whole lot better than when GW was leading us to the abyss...
 

Larrry

Well-known member
You heard it first here, some old drunk unemployed sheriff from MT declares that obama has saved the day. The unemployed are back at work, fuel prices fell and obama has decided to get along with the Reps.

YIPPEE








oh and osama is dead
 

hopalong

Well-known member
Oldtimer said:
Stocks rally on jobs reports and ECB plan

By Hibah Yousuf @CNNMoneyInvest September 6, 2012: 12:39 PM ET

NEW YORK (CNNMoney) -- A rally on Wall Street gained momentum Thursday as investors welcomed better-than-expected reports on the U.S. labor market and the European Central Bank's bond-buying plan.

The Dow Jones industrial average surged more than 200 points, or 1.8%. The S&P 500 and Nasdaq shot up about 2%.

The advance was broad, with all 30 components of the Dow moving higher. Bank stocks were leading the gains on the blue-chip index with shares of Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) soaring more than 4%. About 98% of the S&P 500 was trading in positive territory.

Speaking after a meeting of top ECB officials in Frankfurt, the central bank's president, Mario Draghi, reiterated his pledge to do "whatever it takes" to preserve the euro and said the ECB is prepared to make "outright monetary transactions," or OMTs, in the secondary market for euro-area government bonds.

The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations.

Related: ECB outlines bond-buying program

"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012. The central bank now expects the euro-area economy to contract between 0.2% and 0.6% this year.

On the domestic front, a handful of reports on unemployment and hiring showed an improvement in the job market. The latest week of jobless claims fell by more than economists had forecast, while companies expanded their payrolls more than expected in July.

Investors hope Thursday's data is a preview of what the U.S. employment picture looks like with Friday's monthly jobs report.

"We've been seeing incremental improvement in the U.S. economy, and it would be great to get two strong jobs numbers in a row," said Ablin.

---------------------

The Dow is up today 231.73 points (1.8%) at 13,279.21

On this date in 2008 the Dow dropped 443.48 points (-4.85%) closing at 8695.79


So someone tell me again how great things were back in 2008- and how much better off we were with GW at the helm :shock: :roll: :p :lol: :lol:

I had more money then oldtimer!!!!!!!!!!!!! :D :D MY GRANDKIDS were not going to face the money obama SPENT on frovolous trips on seperate planes for his wife!!!
Tires, were cheaper,,fuel was cheaper,,less unemployment,,High stock prices do not really equate to more money available!!!
Come put from that kool aid induced coma you are in and see the real world. :roll: :roll: :roll:
 

Faster horses

Well-known member
With all that money that has been printed during this administration,
our money is certainly worth less.

And how about that downgrade in our credit rating.......
Yep, the world doesn't end in Valley County or Montana.
 

hopalong

Well-known member
Montana $3.62 for unleaded gas in Bozman today!!!
When obama took office it was $1.89 guess what oldtimer you lied! AGAIN,,
6.9% unemployment Boseman..
Hay prices at $200 a ton,
2008 was about $90 95 a ton...
Yep everything is better now right oldtimer???? :roll: :roll: :roll:
 

Steve

Well-known member
The Dow is up today

the dow has been up.. main-street has suffered.. jobs are scarce..

tells me that Obama helped the rich get richer and crushed the working class forcing them back to poverty..
 

Tam

Well-known member
Oldtimer said:
Stocks rally on jobs reports and ECB plan

By Hibah Yousuf @CNNMoneyInvest September 6, 2012: 12:39 PM ET

NEW YORK (CNNMoney) -- A rally on Wall Street gained momentum Thursday as investors welcomed better-than-expected reports on the U.S. labor market and the European Central Bank's bond-buying plan.

The Dow Jones industrial average surged more than 200 points, or 1.8%. The S&P 500 and Nasdaq shot up about 2%.

The advance was broad, with all 30 components of the Dow moving higher. Bank stocks were leading the gains on the blue-chip index with shares of Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) soaring more than 4%. About 98% of the S&P 500 was trading in positive territory.

Speaking after a meeting of top ECB officials in Frankfurt, the central bank's president, Mario Draghi, reiterated his pledge to do "whatever it takes" to preserve the euro and said the ECB is prepared to make "outright monetary transactions," or OMTs, in the secondary market for euro-area government bonds.

The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations.

Related: ECB outlines bond-buying program

"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012. The central bank now expects the euro-area economy to contract between 0.2% and 0.6% this year.

On the domestic front, a handful of reports on unemployment and hiring showed an improvement in the job market. The latest week of jobless claims fell by more than economists had forecast, while companies expanded their payrolls more than expected in July.

Investors hope Thursday's data is a preview of what the U.S. employment picture looks like with Friday's monthly jobs report.

"We've been seeing incremental improvement in the U.S. economy, and it would be great to get two strong jobs numbers in a row," said Ablin.

---------------------

The Dow is up today 231.73 points (1.8%) at 13,279.21

On this date in 2008 the Dow dropped 443.48 points (-4.85%) closing at 8695.79


So someone tell me again how great things were back in 2008- and how much better off we were with GW at the helm :shock: :roll: :p :lol: :lol:

NICE TRY OLDTIMER :wink:

Dow, up 244 . . . S&P, up 29 . . . NASDAQ, up 66

Published: Thursday, September 06, 2012, 4:15 PM Updated: Thursday, September 06, 2012, 5:47 PM

By Associated Press business staff
NEW YORK -- The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent.

But on Thursday, the market moved swiftly in the other direction. The Dow Jones industrial average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008 in a rally that seemed destined to mark a milestone: American stocks have come almost all the way back.

A long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were extraordinarily broad. All but 13 stocks in the S&P index were up. European markets surged, too.

Job growth was 125,000 not even enough to cover those are entering the job force and the Unemployment rate is a STEADY 8.3. Isn't that what it was for the last 40 + months. Oldtimer.
 

Twister Frost

Well-known member
Well, looks like VP Biden can't decide what answer to use to help the president. On Monday he said we were better off, but it was too hot outside to give any reasons, but two months ago we were in a depression fo millions and millions--that was quick!!!

http://michellemalkin.com/2012/09/03/biden-better-off/
 
A

Anonymous

Guest
hopalong said:
Montana $3.62 for unleaded gas in Bozman today!!!
When obama took office it was $1.89 guess what oldtimer you lied! AGAIN,,
6.9% unemployment Boseman..
Hay prices at $200 a ton,
2008 was about $90 95 a ton...
Yep everything is better now right oldtimer???? :roll: :roll: :roll:

Come on up Hoppy- and I'll show you that "Bozman" (your mispelling) is 400 miles away-- and an entire different world from where I live...
 

TSR

Well-known member
Oldtimer said:
Stocks rally on jobs reports and ECB plan

By Hibah Yousuf @CNNMoneyInvest September 6, 2012: 12:39 PM ET

NEW YORK (CNNMoney) -- A rally on Wall Street gained momentum Thursday as investors welcomed better-than-expected reports on the U.S. labor market and the European Central Bank's bond-buying plan.

The Dow Jones industrial average surged more than 200 points, or 1.8%. The S&P 500 and Nasdaq shot up about 2%.

The advance was broad, with all 30 components of the Dow moving higher. Bank stocks were leading the gains on the blue-chip index with shares of Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) soaring more than 4%. About 98% of the S&P 500 was trading in positive territory.

Speaking after a meeting of top ECB officials in Frankfurt, the central bank's president, Mario Draghi, reiterated his pledge to do "whatever it takes" to preserve the euro and said the ECB is prepared to make "outright monetary transactions," or OMTs, in the secondary market for euro-area government bonds.

The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations.

Related: ECB outlines bond-buying program

"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012. The central bank now expects the euro-area economy to contract between 0.2% and 0.6% this year.

On the domestic front, a handful of reports on unemployment and hiring showed an improvement in the job market. The latest week of jobless claims fell by more than economists had forecast, while companies expanded their payrolls more than expected in July.

Investors hope Thursday's data is a preview of what the U.S. employment picture looks like with Friday's monthly jobs report.

"We've been seeing incremental improvement in the U.S. economy, and it would be great to get two strong jobs numbers in a row," said Ablin.

---------------------

The Dow is up today 231.73 points (1.8%) at 13,279.21

On this date in 2008 the Dow dropped 443.48 points (-4.85%) closing at 8695.79


So someone tell me again how great things were back in 2008- and how much better off we were with GW at the helm :shock: :roll: :p :lol: :lol:

Otimer darn it, how dare you to post anything positive about the Dems on this site. Are you nuts, drank too much (I'm sure the Reps here are all tetotalers) or what??? :shock: :lol: :lol: :lol:
 

Twister Frost

Well-known member
Referring to the article, I'd say word choice speaks volumes: "handful of reports," and "incremental improvement" placed in parallelism with "two strong jobs numbers."

Incremental--"a small positive or negative change in the value of a mathematical variable or function" is equal to "thriving, developing well, and likely to continue so"
Handful--a small amount or number of people or things

Smoke and mirrors and twisting and twining numbers---
 
A

Anonymous

Guest
TSR said:
Oldtimer said:
Stocks rally on jobs reports and ECB plan

By Hibah Yousuf @CNNMoneyInvest September 6, 2012: 12:39 PM ET

NEW YORK (CNNMoney) -- A rally on Wall Street gained momentum Thursday as investors welcomed better-than-expected reports on the U.S. labor market and the European Central Bank's bond-buying plan.

The Dow Jones industrial average surged more than 200 points, or 1.8%. The S&P 500 and Nasdaq shot up about 2%.

The advance was broad, with all 30 components of the Dow moving higher. Bank stocks were leading the gains on the blue-chip index with shares of Bank of America (BAC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) soaring more than 4%. About 98% of the S&P 500 was trading in positive territory.

Speaking after a meeting of top ECB officials in Frankfurt, the central bank's president, Mario Draghi, reiterated his pledge to do "whatever it takes" to preserve the euro and said the ECB is prepared to make "outright monetary transactions," or OMTs, in the secondary market for euro-area government bonds.

The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations.

Related: ECB outlines bond-buying program

"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012. The central bank now expects the euro-area economy to contract between 0.2% and 0.6% this year.

On the domestic front, a handful of reports on unemployment and hiring showed an improvement in the job market. The latest week of jobless claims fell by more than economists had forecast, while companies expanded their payrolls more than expected in July.

Investors hope Thursday's data is a preview of what the U.S. employment picture looks like with Friday's monthly jobs report.

"We've been seeing incremental improvement in the U.S. economy, and it would be great to get two strong jobs numbers in a row," said Ablin.

---------------------

The Dow is up today 231.73 points (1.8%) at 13,279.21

On this date in 2008 the Dow dropped 443.48 points (-4.85%) closing at 8695.79


So someone tell me again how great things were back in 2008- and how much better off we were with GW at the helm :shock: :roll: :p :lol: :lol:

Otimer darn it, how dare you to post anything positive about the Dems on this site. Are you nuts, drank too much (I'm sure the Reps here are all tetotalers) or what??? :shock: :lol: :lol: :lol:


Yep-- just as one of the political talking heads said the other day- the main thing going for the Repubs and Romney is that voters have short memories-- but its going to take me a long time to forget how GW screwed over this country!!!
 

TSR

Well-known member
Twister Frost said:
Referring to the article, I'd say word choice speaks volumes: "handful of reports," and "incremental improvement" placed in parallelism with "two strong jobs numbers."

Incremental--"a small positive or negative change in the value of a mathematical variable or function" is equal to "thriving, developing well, and likely to continue so"
Handful--a small amount or number of people or things

Smoke and mirrors and twisting and twining numbers---

Well Twister you be pessimistic if you like, thats your prerogative. But with the word incremental you leave out "improvement" which takes the negative out of your posting. Incremental improvement is different than incremental no matter how you slice it. Teach your students to be objective whether it agrees with your views or not. BTW I have always enjoyed your posts.
 

Steve

Well-known member
the stock market could hit 16000 and it wouldn't matter to those without a job...

besides.. this forum is fairly informed.. Do you Obama supporters actually think that even half the voters know what the DOW is? let alone what 13,279 or 200 points represents?
 

Larrry

Well-known member
I am sure the 23 million out of work would like more than incremental improvement

homeless-family.jpg
 
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