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Wall St. Opens Higher Because Of China?

Mike

Well-known member
Big slap in Zer0's face.... :lol: :lol: :lol: :lol: :lol: :lol:
Wall Street opens higher;markets await new stimulus in China
www.iht.com ^


Stocks rose around the world on Wednesday, as investors reacted to speculation that China may expand its stimulus measures.

Shares increased on reports that Premier Wen Jiabao of China was considering new stimulus measures on top of the $585 billion spending plan already proposed. An announcement could come as early as Thursday in China.

In early trading, the Dow Jones industrial average was 108 points or 1.6 percent higher, while the Standard & Poor's 500-stock index rose almost 1.8 percent, climbing above 700. The Nasdaq rose 2 percent. On Tuesday, the Standard & Poor's 500 index fell 0.6 percent, taking its 2009 loss to 23 percent.In afternoon trading, the DJ Euro Stoxx 50 index, a barometer of euro zone blue chips, rose 2.5 percent, while the FTSE 100 index in London rose 2.6 percent. The CAC 40 in Paris was up 2.6 percent and the DAX in Frankfurt 3.1 percent.

Most Asian markets were higher, breaking a three-day losing streak. The Tokyo benchmark Nikkei 225 stock average rose 0.9 percent, while the Hang Seng index in Hong Kong rose 2.5 percent, and the Shanghai Stock Exchange composite index gained 6.1 percent.
 
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Anonymous

Guest
Stocks rose around the world on Wednesday, as investors reacted to speculation that China may expand its stimulus measures.

Why would that be a slap in Obamas face :???: Its exactly what the economists, financial leaders, Geitner, Paulson, etc. etc have been saying in the Congressional hearings- the reason the Congress passed the Jobs/stimulus- and that Obama sent Geitner/Paulson to meet with the G7 folks- and Clinton to meet with the Chinese about-- that its going to take massive government stimulus BY ALL THE COUNTRIES to turn this economy around....

Sounds to me like it adds support to the Obama Administrations financial advisors direction....
 

Sandhusker

Well-known member
From Roach Ag Marketing

Grain markets actually closed higher overnight with traders talking about a new Chinese economic stimulus package expected to be announced. Traders seem to have little good to say about U.S. economic stimulus packages but they rally on the talk of a Chinese package. Traders believe the Chinese will do a better job of targeting their money to actually stimulate their economy while traders perceive the U.S. focuses its spending on the pet political projects of Congressional members
 

hypocritexposer

Well-known member
It looks like Obama's budget intends to give up on implementing the Yucca Mountain nuclear waste repository. (Congratulations, Senate Majority Leader Reid (D-NV).

So, nuclear waste would continue to sit around nuclear power plants. Which means nobody is going to build anymore nuclear power plants in the U.S. ever. And since we'll be cutting back on carbon emissions, that will leave, uh, wind and solar power.

Factor that into your long range economic growth projections, then see where the Dow should be.
 

hypocritexposer

Well-known member
Charles Gasparino, another astute CNBC commentator, offers a telling stock tip.



While I don’t usually make stock recommendations, and I’m certainly not recommending this one, it’s worth noting that one of the hottest stocks amid the economic misery we’ve been experiencing goes under the symbol SWHC, or gun maker Smith & Wesson Holdings Corp. It’s up around 70 percent, and at least in my mind, this isn’t the flight-to-quality the markets need.
 

Steve

Well-known member
hypocritexposer said:
It looks like Obama's budget intends to give up on implementing the Yucca Mountain nuclear waste repository. (Congratulations, Senate Majority Leader Reid (D-NV).

So, nuclear waste would continue to sit around nuclear power plants. Which means nobody is going to build anymore nuclear power plants in the U.S. ever. And since we'll be cutting back on carbon emissions, that will leave, uh, wind and solar power.

Factor that into your long range economic growth projections, then see where the Dow should be.

rolling black outs, four day work weeks,.. budget gaps in the millions,billions? .. not at a third world country,.. but right here, brought to you first by the progressives in California..

why has not one person seen what high energy costs and lack of consistant power to support demand has done to our economy.

the gas shock led it down... and Obama seems hell bent on keeping it in the toilet.. why? So we can all suffer for the mistakes of a few?
 

Sandhusker

Well-known member
reader (the Second) said:
I for one am thrilled that this was wrong and now today the Dow is dropping precipitously because if the country is in deep doo doo it proves that Rush Limbaugh, my hero, is correct.

The worse it is in the United States the happier I am because I am a member of the I-hate-Obama, tinfoil hat conspiracy believing the sky is falling club :roll: :roll: :roll:

**** disclaimer THIS IS SATIRE *****

It proves that the market doesn't share the same faith in Obama that you do.
 

don

Well-known member
or maybe it just shows that over the past ten years or so the usa has become so dependent on china. get over yourselves and move into the real world.
 

Sandhusker

Well-known member
don said:
or maybe it just shows that over the past ten years or so the usa has become so dependent on china. get over yourselves and move into the real world.

Don't let your biases distort reality, don. The traders are telling you what the reasons are, no speculation needed. You see, don, they live in the real world, not the liberal world.
 

don

Well-known member
so if the american economy wasn't tied to the chinese what difference would a chinese stimulus package make? don't let your biases create a false reality. do you really think the american economy could be collapsed since november if it wasn't already weak?
 

Sandhusker

Well-known member
Of course we're tied to them, but that's not the point. The point is that the traders believe that China's actions will help us, but Obama's - our own President - won't.
 

TSR

Well-known member
Sandhusker said:
From Roach Ag Marketing

Grain markets actually closed higher overnight with traders talking about a new Chinese economic stimulus package expected to be announced. Traders seem to have little good to say about U.S. economic stimulus packages but they rally on the talk of a Chinese package. Traders believe the Chinese will do a better job of targeting their money to actually stimulate their economy while traders perceive the U.S. focuses its spending on the pet political projects of Congressional members

Well do you think the US should become more Socialist/Communist to do a better job?? :lol: :lol:
 

Sandhusker

Well-known member
TSR said:
Sandhusker said:
From Roach Ag Marketing

Grain markets actually closed higher overnight with traders talking about a new Chinese economic stimulus package expected to be announced. Traders seem to have little good to say about U.S. economic stimulus packages but they rally on the talk of a Chinese package. Traders believe the Chinese will do a better job of targeting their money to actually stimulate their economy while traders perceive the U.S. focuses its spending on the pet political projects of Congressional members

Well do you think the US should become more Socialist/Communist to do a better job?? :lol: :lol:

To do a better job of what? Destroying what built this country? I can't think that Obama could possibly be doing a better job of that.

The traders, and any objective person, can see that the "stimulus" bill was not stimulus, but the biggest pork bill ever passed in history, and a bill that will cripple future growth when the bill is to be paid. The Chinese must be actually stimulating and not pissing away cash like Obama is.
 

don

Well-known member
you had people like roubini, celente, prechter saying for the last couple of years that the party was over and america was due for big economic problems. i don't think they mentioned obama in those predictions. face it, what's happening now is the result of the last twenty five years (since the last big recession). there's nothing can be done to avoid it. a stimulus package might soften some of the bumps and avoid some of the civil unrest - otherwise you will have a lot of blood on the streets and the usa won't ever recover.
 

Sandhusker

Well-known member
You're not getting it, don. The "stimulus" wasn't a stimulus, the traders know it, and they know that it isn't going to stimulate anything other than a series of huge payments in the future. What's happening now is the reality that the traders look at Obama's actions and see no "Hope and Change". If they thought his policies would work, the markets might not be roaring back right away, but they wouldn't be setting low after low and there wouldn't be talk of the bottom completely falling out.

This isn't hard to figure out.
 

don

Well-known member
so what would be an effective stimulus package please. and keep in mind the potential social effects all the patriots are warning you about.
 
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