Wall Street shrugs off unemployment figures...

[rfranklin]

Feb. 18, 2010, 10:10 a.m. EST

U.S. stocks gain after latest economic data
NEW YORK (MarketWatch) -- U.S. stocks tallied modest gains on Thursday after another round of economic data included a report pointing to accelerating manufacturing activity in the Philadelphia region. The industrial and material sectors fronted the rise. The Dow Jones Industrial Average (INDEX:INDU) was up 31.29 points at 10,340.53. The S&P 500 Index {s: $spx] added 2.14 points to 1,106.65. The Nasdaq Composite Index (NASDAQ:COMP) gained 2.58 points to 2,228.87.

http://www.marketwatch.com/story/story/print?guid=EFE05A49-9454-4929-88F2-6DF290858C20

After a brief decline prior to the market opening due to unemployment and rising inflation, Wall Streeters said "What the fuck, let's party!"

[Mari333]

1. they live in a Givenchy Armani bubble.

but this will come back to bite them in the proverbial ASS

[Jackpine Radical]

2. Unemployment is a GOOD thing!

Fewer salaries to pay, more people willing to work for minimum wage and no benefits--what's not to like about the profit picture here?

[lunatica]

3. They're due for a karmic adjustment

[unabelladonna]

4. why would they give a s--t?

they're doing fine. remember all the "masters of the universe" crap? we've got to change the dialogue and call them what they are cockroaches...feeding off of everyone else.

[Statistical]

5. "economic data ... pointing to accelerating manufacturing activity in the Philadelphia region" n/t