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Stocks set for best week in six as fear eases

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bushisanidiot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:13 PM
Original message
Stocks set for best week in six as fear eases
In spite of republicans constant nay-saying and obstruction in efforts dig us out of the Bush recession, the economy is improving. Can you hear the freepers head's exploding?

http://finance.yahoo.com/news/Stocks-set-for-best-week-in-rb-3298629427.html?x=0&.v=10

"NEW YORK (Reuters) - Wall Street was set to close its best week in six on Friday after economic data, including a stronger-than-expected labor market report, helped soothe fears the economy could fall back into recession.

<SNIP>

"Equity markets had priced in the non-trivial probability of a double dip, and what you're seeing is that fear pricing is coming out," said Mike Dueker, head of economics at Russell Investments in Tacoma, Washington.

"Recovery will be slow, but at least reliable, and that should add some tailwinds (for stocks) the rest of the year."
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:14 PM
Response to Original message
1. unemployment went up this month. what's so "strong"?
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:22 PM
Response to Reply #1
3. That IS when stocks rise.
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:20 PM
Response to Original message
2. the elitist a-holes that ruined this country should be happy then
In the *great unwashed* area of the country, unemployment went UP.

Wonder how many CEOs got more money this week? :sarcasm:
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:27 PM
Response to Original message
4. We need to decouple from the idea that the NYSE represents the real economy
Its the same shortsightedness exhibited by our political system since Reagan, and its ruining our economy.

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bushisanidiot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:41 PM
Response to Reply #4
5. You're thinking long-term. I'm pointing out that at least in the short term, the economy
is showing signs of improvement.. against all odds, of course, since the republicans have done nothing but try to throw President Obama and the U.S. economy off a cliff since Jan. 2009.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:52 PM
Response to Reply #5
6. Thats just it, the market says they are seeing "signs of improvement"
But it has no relationship to the economy you or I face every day.

Yes, for the investor class things are improving, for the other 95% of us its the same.

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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:53 PM
Response to Reply #4
7. "NYSE" isn't growth, but it indicates confidence the future results
Many companies are doing better. The manufacturing index is up to 55: 50 is the mean.
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bushisanidiot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 04:04 PM
Response to Reply #7
10. Signs of improvement are reasons for us to cheer and root for our
guy in the White House. So many nay-sayers in the media and here on DU seem to want to put President Obama's efforts down at every chance they get.

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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 03:54 PM
Response to Original message
8. what dumbshit would unrec this?
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bushisanidiot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 04:03 PM
Response to Reply #8
9. Trolls.
DU is infested with them.
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-03-10 04:07 PM
Response to Reply #9
11. Indeed...republicans...eom
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