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By Misty - Posted on 10 March 2009
What did Obama do today to cause the stock market to climb 380 points?
Personally, I think it is something that Michelle Obama was wearing ... Sleeveless ... or not!
The movers and shakers on Wall Street, while they generally don't trust the Obama administration to get the economy moving again, still know bargains when they see them.
Obama is 70% now about trying to instill confidence in the markets and the American public. When that happens, people will begin spending again, which will boost the economy, which in turn will instill more confidence.
He used his messiah power, shrunk himself down in size and did this?
That's what makes the stock market go up. Take note.
Good point, Ron. One day on Wall St does not a trend make. And any short-term rises on the Dow can be chalked up to ordinary fluctuations. The effect of Obama on this process cannot be expected to be significant for some time yet.
It's sad that we've reached a point where 'government service' is a dirty word... If we're the greatest country on earth, maybe we can have the greatest government.Lewis Black
See: "Dead Cat Bounce" here
Heh, I could visualize that. Kinda like doing the wave...
"For those who plan with audacity and execute with vigor, progress is the magnificent by product."
While it was wonderful to see a solid up day yesterday, it was due to comments from Citigroup. The time to really watch whether there's an uptrend or not is during April, when companies (esp. financials) begin to announce their 1Q09 earnings.
I will not throw the first punch but I wil certainly throw the last.....President Barack Obama.
Misty, I think it has something to do with when Michelle wears purple...I see a definate trend developing. ;-)
Ya'll are going to think I'm crazy, but here's a thought that crossed my mind as I was shopping for women's clothes at Macy's earlier this week.
One (very silly) stock market "theory" is that as skirt hemlines rise, so does the market; as hemline-trends get lower, so does the market. Well, ALL the skirts I saw were long ones.
Since Michelle has great legs, maybe she'll start wearing shorter skirts, moving the hemline trend back up, thus the market??? Anyone with me on this?
I just can't believe that real people shop at Macy's...
Macy's bought a Houston landmark retailer, Foley's. I shop there because I'm in denial that it's no longer my beloved Foley's... in fact, after 5(?) years, I'm just NOW able to refer to it as Macy's.
That explains why we don't have a Macy's around here. We've never had any of those stores in Nebraska. We do have Von Maur, Dillard's, and Younkers and those places are pretty swanky, but nothing like Macy's.
Now, I'll admit that I miss Montgomery Ward's. We used to drive in from the country to go to Monkey Ward to see their huge Christmas displays.
Heh, yeah, similar story here several years ago (ten now maybe??)
There was an upscale store chain called "The Bon Marche" and Macy's bought them. Not that I ever bought anything from The Bon myself because I still thought they were too pricy, by my inlaws have bought stuff from them.
LOL, Kim! I thought I was the only one who had trouble not calling it Foley's anymore! I even worked at Foley's twice while I was in college.
I'm just now getting over it myself.
As a T/polo shirt and jeans/khakis guy, I would insert "for clothes" in that sentence myself. Stuff that you'd expect in kitchens and dining rooms, however, are pretty good (if pricey).
As a T/polo shirt and jeans/khakis guy,
Agreed. Once I discovered the value/quality at Old Navy I stopped shopping for clothes at all of the big department stores.
Heh, I've never bought anything there, either. I usually get my clothes from Target or KMart.
If wearing a mini-skirt will help the markets, I'll gladly join the trend (disclaimer: my legs are not nearly as sexy as Michelle's!)
It's definitely silly to give Pres. Obama credit for a positive or negative stock market trend at this point. I think we've all been trying to make that very point. It takes someone like Jon Stewart to hit the point home with humor and sarcasm, I suppose. The truth is that the stock market is not always predictable and will respond to news in varied ways. The Citigroup news was embraced yesterday but today the market struggles to keep the rally going. Why? Jobless rates? Still unsure about banks? Geithner not being specific enough? Michelle wore an extra long skirt today? Who knows?
I recall my sister-in-law telling me before the election that if Obama won the stock market would take a tumble. I'm sure she's in "I told you so" mode but there are so many factors involved, namely we are in a RECESSION. So most intelligent people understand that. Not putting down her IQ, but she does listen to Rush and gets most news from Fox.
I thought the market went up because of Michelle's positive first 50 days.
U.S. first lady Michelle Obama and Secretary of State Hillary Clinton pose with recipients of this year's Secretary of State's Award for International Women of Courage in Washington March 11, 2009. They are (L-R) Mutabar Tadjibayeva of Uzbekistan, Veronika Marchenko of Russia, Wazhma Frogh of Afghanistan, Norma Cruz of Guatemala, Suaad Abbas Salman Allami of Iraq, Ambiga Sreenevasan of Malaysia and Hadizatou Mani of Niger.
Really? I've never heard that either.
I've always found tall women attractive.
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