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Crisis? WHAT CRISIS? CNN: "Two-day Dow gain best in six years"....USA! USA! USA! USA!

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Amerigo Vespucci Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 06:43 PM
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Crisis? WHAT CRISIS? CNN: "Two-day Dow gain best in six years"....USA! USA! USA! USA!


"Economy, yer doin' a heck of a job."



:party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party: :party:

Stocks surge as Feds act

Wall Street rallies as the government moves to stem the financial market crisis. The Dow jumps almost 780 points in two sessions - the best run since 2000.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 19, 2008: 5:59 PM EDT

http://money.cnn.com/2008/09/19/markets/markets_newyork2/index.htm?cnn=yes

NEW YORK (CNNMoney.com) -- Stocks rallied Friday, with the Dow rising 369 points, as the government's plan to help rescue banks from toxic mortgage debt soothed investors at the end of a gut-churning week on Wall Street.

Treasury prices plunged and gold prices tumbled as investors bailed out of safe-haven plays and poured money into equities, reversing the flight-to-safety trend of earlier in the week. Oil rallied more than $6 a barrel. The dollar jumped nearly 2% versus the yen, but fell versus the euro.

The Dow Jones industrial average (INDU) added nearly 369 points, or 3.3%.

Including Thursday's big rally, the Dow's two-session advance was 779 points, the biggest since March 2000, according to Dow Jones. On a percentage basis, the two-session advance of 7.3% was the biggest since October 2002.


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d_b Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 06:45 PM
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1. Congratulations, America!
We just bought $1 trillion of shitty failed loans from Wall Street!!

Gimme a fucking break.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 06:49 PM
Response to Original message
2. The market is not optimistic, it's MANIC!
This uptick is a ridiculous overreaction in the face of impending doom. It is a form of hysteria.

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 06:52 PM
Response to Original message
3. What part of unstable market are they missing?
Oh never mind
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adamuu Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 06:52 PM
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4. I used this as an opportunity to sell. n/t
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frylock Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 06:54 PM
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5. PPT
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