HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Stocks gain on hopes for ...
Introducing Discussionist: A new forum by the creators of DU

Wed Nov 28, 2012, 11:17 PM

Stocks gain on hopes for a deal to avoid 'cliff'

Source: AP-Excite

By STEVE ROTHWELL

NEW YORK (AP) - Stocks gained on signs that lawmakers are edging toward a deal that would help the U.S. avoid the "fiscal cliff."

Indexes shrugged off an early loss and rose in afternoon trading Wednesday. The Dow Jones industrial average closed up 106.98 points at 12,985.11. It had been down as much as 112 points in early trading.

The Standard and Poor's 500 was up 10.99 points at 1,409.93. The Nasdaq composite rose 23.99 points to at 2,991.78.

Huge tax increases and spending cuts will come into effect Jan. 1 if no deal on the U.S. budget is reached. Economists say the measures could push the country back into recession. President Barack Obama said he believed both parties can reach a "framework" on a debt-cutting deal before Christmas, while House Speaker John Boehner told reporters that he was optimistic a deal could be reached, according news outlets including CNBC.

FULL story at link.


Read more: http://apnews.excite.com/article/20121128/DA2R86880.html





In this Nov. 7, 2012, file photo, James Dresch of MND Partners Inc. works on the floor of the New York Stock Exchange in New York. Stocks declined for a third day on Wall Street Wednesday, Nov. 28, 2012, as investors waited for signs of progress on the "fiscal cliff." (AP Photo/Henny Ray Abrams, File)

7 replies, 1366 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 7 replies Author Time Post
Reply Stocks gain on hopes for a deal to avoid 'cliff' (Original post)
Omaha Steve Nov 2012 OP
DJ13 Nov 2012 #1
Smilo Nov 2012 #2
Purveyor Nov 2012 #3
Angry Dragon Nov 2012 #4
Tunkamerica Nov 2012 #5
John2 Nov 2012 #6
RickFromMN Nov 2012 #7

Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 11:24 PM

1. As long as they're happy

the rest of the country is screwed.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 11:33 PM

2. Screw 'em

I am fed up with these stock exchanges dictating how this country should be run.

There is no fiscal cliff - there is only GOPT obstructionism.

President Obama and Dems - stay strong and don't give in.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 11:35 PM

3. Only the day traders are enjoying this...

?s=INDEX_DJI&t=f&w=15&a=2&v=w

Pump and dump...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 11:48 PM

4. There is no 'fiscal cliff'

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Angry Dragon (Reply #4)

Thu Nov 29, 2012, 05:37 AM

5. there is.

it's in wales.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Thu Nov 29, 2012, 06:18 AM

6. I really

 

don't care what Wall Street does either. We should be charging them for that Bail out they got or swindle.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Thu Nov 29, 2012, 02:13 PM

7. There must be no agreement. Democrats, in Congress, must stand firm, even if Obama waffles.


The real problem isn't the supposed fiscal cliff.

The real problem is raising the debt ceiling.

We must prepare for a game of chicken where the Republicans hold the debt ceiling hostage.

This time we mustn't cave. We must prepare and expect the United States to go into default.

President Obama must, by executive order, cut the spending when we go into default.
President Obama must aim most of the spending cuts at Republican sacred cows.

Please help create a list of Republican sacred cows Obama can cut by executive order.

I assume a number of defense contracts are outsourced to private contractors. I would start cutting there.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread