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The Market SOARS back UP!…… on news of a Greek bailout by the EU…….

The American Markets all came roaring back in the last few hours since trading opened this morning on the report that the

European Union will set aside a 750 Billion Euro bailout fund to help stabilize Greece and calm jittery financial markets around the world…..

The will repeat something very evident….

For those of you who ascribe to the let them fail economic policy……GO HOME……

When Big businesses, State’s and Countries get in financial trouble…..

THEY GET BAILOUTS.…..

Please remember this…

U.S. blue-chip stocks barreled toward their biggest one-day point gain of the year on Monday as a new nearly $1 trillion bailout package to help stabilize Europe lured investors back into riskier assets.

The Dow Jones Industrial Average climbed 350 points, or 3.4%, to 10732 in early trading, on pace for its biggest one-day gain of the year.

The Standard & Poor’s 500-share index moved back above 1150, rising 3.8% to 1153. The Nasdaq Composite gained 4%.

All but one of the Dow’s 30 components gained. General Electric climbed 6.9% to lead the measure. Boeing rose 5.9% after Goldman Sachs upgraded the stock to a “conviction buy” from “neutral,” writing that Boeing “spans nearly every positive global theme that is driving outperformance in stocks today.”

Cisco Systems leapt 6.3% and Caterpillar gained 6.1%. Only Wal-Mart Stores slipped into the red, edging down 0.5%.

Within the S&P 500, the industrials and financials sectors led the gains, as investors returned to the riskier areas of the market.

The U.S. market’s climb followed strong gains in the Asian and European markets after the European Union agreed to a €750 billion ($954.83 billion) bailout, comprising €440 billion of loans from euro-zone governments, €60 billion from a European Union emergency fund and €250 billion from the International Monetary Fund…….

In further coordinated efforts to assuage spooked markets, the European Central Bank will go into the secondary market to buy euro-zone national bonds—a step last week that its president, Jean-Claude Trichet, said the central bank didn’t even contemplate—and the Federal Reserve, working with other central banks, re-activated swap lines so foreign institutions can get access to loans.

But investors eyed the surging U.S. market with some skepticism.

“I’m alarmed that the world was ending last week and today’s the new beginning,” said John Lynch, chief equities strategist at Wells Fargo Funds Management Group. The European Union’s agreement addresses only some of Europe’s short-term concerns, he said.

“This solves or attempts to solve the funding issues, but it has nothing to do with solvency and reform and cuts,” he said. Mr. Lynch said the S&P’s bounce back would be more sustainable if it remained around the 1150 level it last crossed in mid-March…..

More……..

May 10, 2010 Posted by | Breaking News, Counterpoints, Government, Media, PoliticalDog Calls, Politics, The Economy, Updates | , , , , | 1 Comment

The Dow is coming back…..bounces above 11,000 briefly……..

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Happy days are coming to market again…which means that investors are beginning to put their money back there…..

And that means companies will be getting capital…….

And that means projects…..capital inprovements and construction….

Which means…..

Jobs

Which means people are spending their money!

The market’s rebound has been a surprisingly broad and powerful one that has come to the dismay of many a bear. Market observers have been calling for major pullbacks throughout, but none of the dips along the way have been that big and the market’s upward momentum has often seemed unstoppable.

“The magnitude of this rally is directly correlated to the magnitude of the crash that preceded it,” said Dan Wantrobski, director of technical research at Janney Capital Markets. “It’s almost like reverse gravity.”

The Dow broke 11000 briefly in the last minutes of trade Friday, climbing to 11000.98, before ending at 10997.35. The move extends a rally that’s lifted the Dow 4.11% in the first quarter and 5.15% in March. It comes as investors grow increasingly confident about the economic outlook ahead of the start of the first quarter earnings season, which kicks off Monday with Alcoa Inc.

The Nasdaq Composite climbed 17.24, or 0.71%, to 2454.05, its highest close since June 19, 2008. The Standard & Poor’s 500 advanced 7.93, or 0.67%, to 1194.37, its highest close since Sept. 26, 2008.

More……..

April 9, 2010 Posted by | Blogs, Breaking News, Counterpoints, Media, Other Things, PoliticalDog Calls, The Economy, Updates | , , , | 8 Comments

Dow goes up 203.52 points !

The market always leads the economy out of a slump, and it is doing it this time….The finish of 10,226.94 points is the highest it’s been for 13 months…..Look for ups and downs…but investors are jumping back in ……..Gold traded at 1,100.80 an ounce…..

November 9, 2009 Posted by | Breaking News, Media, Politics, The Economy | , , , | 9 Comments

The Market climbs back over 10,000 points……

The New York Stock Exchange’s Dow Jones Industrial Average rose 192 points today to close back over 10,000 at 10,005.96……while thew market lost over 250 points in the last week and half …it is staying within a 200 to 3o0 point range these days….…

The reason for todays boost was the release of good news on jobs…and worker productivity….while this news was good for the market…it is a warning that employer’s are getting more out the workers they have, which in turn should mean that some jobs are not going to come back….…in addition, retailers are beginning to make more sales (the second month in a row) and they hope to have a good holiday season….

All in all….This day is an example of the fact that the country’s economy is growing slowly…even though most people don’t really feel it….

 

November 5, 2009 Posted by | Breaking News, Government, Media, Politics, The Economy | , , , , , | Leave a comment

The Dow Jones closes above 10 grand…….

Today,  the Dow Jones Industrial Average closed at 10,015.86……..the last time it closed at this level, was in October of last year…….In March of this year, the Dow was at 6,547.05….if it holds…….the historical fact that the market leads the economy out of recession would hold true…..

……..and the old thought that the deeper the fall….. the stronger the recovery, would be nice also……

October 15, 2009 Posted by | The Economy | , , | 6 Comments