how Americans spent their money.

GM didn't get to be a powerhouse because of people investing in their stock, but because People invested in their products.

Johnson and Johnson, because People bought their products.

EVERY player in the DOW got there because of PEOPLE SPENDING THEIR MONEY on products offered by the corporations.

The current upsurge was caused by investors buying into companies they believe will survive obama and cohorts destruction of the US economy.

http://gjresult.com

Incredible; the Associated Press refers to the imam killed in a shootout with FBI agents in Detroit as 'murdered':

Murdered Imam's Followers Deny FBI Radical Claims: http://www.foxnews.com

"A mosque on Friday dismissed as 'utterly preposterous' the FBI's allegations that its murdered leader was part of a radical Islamic group."

If you assume that Wall Street is in the business of anticipating economic trends for the purpose of making profitable investments, it might figure that Thursday's claim of +3.5% growth(annualized) led to anticipation of future growth, and thus an upsurge of anticipation of increased investment and a 200 point rise in the Dow.  Following the realization that the "recovery" claim is bogus, the market fell 250 points in anticipation that investment would be unwise in this Obama economy, and this good economic news was for propaganda purposes only.

Trying to sell a very expensive takeover of our healthcare industry was proving to be a hard sell in a recession, so the recession had to "end", because nationalizing our healthcare industry is much more important to Obama than is the health of our economy.

It appears to me that the prospect and reality of the Obama presidency has generally had a dampening effect on private investment, thus the drops in the stock market upon news of his nomination, another drop when he got elected, and another when he was inaugurated, as he announced his intentions for our society and our economy.

Afghanistan/Iraq

Bush was hammered for years for wasting time and lives in Iraq and not fighting the "GOOD" war in Afghanistan. Now, this doesn't seem to be such an easy decision for Obama. Bush chose the location of the battle and drew Al Quida into it! Why fight in the Afghan terrain when you can fight in the desert and see your enemy. Keep in mind that Afghanistan was not totally ignored during the Iraq war. We saw many examples of young women and children going to school for the first time. The fact that the wheels are now coming off since January 2009 is the fault of only one person.

Geez! maybe the bumpkin from Texas knew what he was doing.

I'm afraid that Rush just gave the idiots over at CNN, MSNBC and Air America fodder for several days/weeks. In this I mean look at all the stuff they can take out of context. He said that IF he had an ego as big as Obama's he would take credit for the conservative explosion in the media such as talk radio, Fox and the blogsphere.  They are going to say that he that he takes credit single handedly for it when that is not what he said. The turds like Begala are going to twist his take on his drug addiction.  Those 3 words that he used to descibe the idiotic VP will be used as hate words.

This is just my opinion. I know, thanks to NB, how people like Madcow, bathtub boy, Schultz et. al think or at least how they and their writters like to twist things.

Semper suprene nitens

OBAMACARE: If it ain't good enough for my Congressman then it ain't good enough for me.  

As I stated in another thread, the ups and downs of U.S. equity markets are totally tied to Obama's policies and the success or failure of those policies.

The market started to seriously downtrend in June of 2008 when Obama locked up the nomination.  It really started to get clobbered when he took the lead in the polls for good in September of 2008.  It rallied a little after he got elected and we heard some "concilitory" talk coming from the left, (mainly the press).  And then the market tanked when he assumed office and the Dems passed their trillion dollar porkulus grab-bag of goodies bill.

The market finally stabalized when the first signs of weakness emerged in Obama's schemes.  Cap and Tax got stalled, natioalization of health care stalled, and the natioinalization of the finacial industry didn't materialize.  As support for these programs fell apart, and Obama's poll numbers declined, the stock market rallied.

I think the stock market is again concerned about health care and is concerned that Obama's policies might pick up a little support.  That, along with our ever expanding debt will slow things down.

It's all going to be about politics.  If the elections in early November show a conservative, (not necessarily Republican), re-emergence, then the stock markets might contiune the positive trend.

As I got set up for Halloween, battery-powered skull that emitted wolf howls, crow caws and spooky wind noises, I kidded to my sister that I was not giving any candy to kids dressed like Obama. She, naturally, took me seriously and berated me. But there were none! One cute kid in a burka, though.

After a bout of institutional selling over the past several weeks, the market is now in correction mode as of October 27. There is no doubt that there was money to be made between March and now. However, in a correction, there is no telling how low the market can sink.

What you want to look for is what is known as a follow-through day, which can occur on day four or later of a rally attempt. On this follow-through day, the markets will be up by 2% or more, in convincing volume.

Although they fail 25%  of the time, no bull market in the last 120 years has begun without a follow through day. The last one was March 12, 2009.

See investors dot com for more info, especially the big picture column.

Incidentally, I think what sunk the market this time was the introduction of Dow 10,000 2.0 hats, which were passed out on the NYSE on October 14, when it hit that milestone. When you sell silly stuff like this, look out. It's kind of like stories of Chinese housewives day trading, like they were  just before the last market top over there.

Surprise surprise. NOT.

Fox is reporting

GOP NOMINEE THROWS SUPPORT TO DEMOCRATIC CANDIDATE AFTER DROPPING OUT OF N.Y. CONGRESSIONAL RACE

Don't forget... you can't spell OBAMA without the support of A MOB