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Stocks jump on announcement of Obama treasurer pick....



Stocks jump on report of Geithner nomination

By TIM PARADIS and SARA LEPRO, AP Business Writers

NEW YORK – Wall Street staged a surprising comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points in a late afternoon rally, ending another volatile week that saw stocks reach six-year lows.

Stocks erased about half of the losses that came in steep selling Wednesday and Thursday after investors got an unexpected jolt of confidence late Friday following an NBC News report that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasury secretary.

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11/21/2008, 4:54 pm Link to this post Send Email to stonesurfdog5   Send PM to stonesurfdog5
 
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Re: Stocks jump on announcement of Obama treasurer pick....


That is a good choice by Obama. After all he did his internship with Kissinger.

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Re: Stocks jump on announcement of Obama treasurer pick....


quote:

stonesurfdog5 wrote:


Stocks jump on report of Geithner nomination

So they tell us. I'd say it's more of a matter of the stocks getting so cheap that some smart traders decided to jump in.



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1. Obama's platform:
Hope? Nope! Change? Yes, pocket.

2. Obama's Presidency is Graffiti on the Wall of American History..Rush Limbaugh
11/21/2008, 6:04 pm Link to this post Send Email to Boomerscout   Send PM to Boomerscout
 
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Re: Stocks jump on announcement of Obama treasurer pick....


Individually, there are some great buys out there. Perhaps I should sell that old rusted out house trailer that slip says I own, and buy some shares near the bottom.

Of course the prices can still plummet further once the O'Sodomites take over.

GM and Ford could be hot buys what with their unions on the way out. Through re-organization of labor they could eventually turn a profit once they get their costs under control.

One thing for sure, you would not want to invest in Unions.... Oh, wait a minute. Unions do not sell shares or have to show a balance sheet. They just steal from their fools and keep on tooling along.

One good thing about the South. Those folks are smart enough to keep their states as "right to work" and their auto-workers are now making more than the fools up north who depend on the union for work.

All you need to do is take a drive through the rural (non-farming) eastern areas of PA and see the result of union activities. People living on the edge of poverty and hoping for a handout.

  


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A scoundrel will stand to defend himself with his mouth. (or keyboard)
11/21/2008, 6:36 pm Link to this post Send Email to The Cracker   Send PM to The Cracker
 
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Re: Stocks jump on announcement of Obama treasurer pick....


Come on [sign in to see URL]'t sell your trailer, all you"ll be left with is that van down by the river!
11/21/2008, 6:43 pm Link to this post Send Email to stonesurfdog5   Send PM to stonesurfdog5
 
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Re: Stocks jump on announcement of Obama treasurer pick....


What river is that Stoned again?... I must have an asset I did not know about.

 emoticon

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The patriot will stand up to defend his country and it's citizens with his life and fortune.
A scoundrel will stand to defend himself with his mouth. (or keyboard)
11/22/2008, 1:51 pm Link to this post Send Email to The Cracker   Send PM to The Cracker
 


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