Die, Wall Street. Die !!!!

[marmar]

Stocks Rise in U.S. as Treasuries Retreat, Dollar Strengthens
By Michael P. Regan and Rita Nazareth


Jan. 19 (Bloomberg) -- U.S. stocks rose, boosted by a rally in health companies on speculation Republicans will block an industry overhaul, while Treasuries fell for the first time in three days and the dollar strengthened.

The Standard & Poor’s 500 Index added 1 percent at 2:45 p.m. in New York. The yield on the benchmark 10-year Treasury rose three basis points to 3.71 percent. The Dollar Index, which gauges the currency against six major U.S. trading partners, rallied 0.6 percent. Europe’s Dow Jones Stoxx 600 Index erased an earlier decline. British government bonds tumbled after the U.K. inflation rate increased by the most on record.

“Money is finding its way out of Treasuries and into the stock market,” said Mark Bronzo, a money manager in Irvington, New York, at Security Global Investors, which oversees $22 billion. “Investors are expecting good earnings, especially from technology companies. In addition to that, health-care stocks are rallying because a Republican victory in Massachusetts might change the debate.”

An index of health-care companies in the S&P 500 led the advance with a 1.9 percent rally. U.S. Democrats face the possibility of losing a Senate seat held by the late Edward Kennedy as voters in Massachusetts go to the polls. A loss could cost them a 60-vote supermajority needed to help pass a health- care overhaul.

Ciena Corp. surged 9.7 percent to lead an advance in technology companies after Credit Suisse Group AG advised buying the shares on prospects for revenue growth. As many as 65 companies in the S&P 500 are scheduled to release results this week. Combined earnings increased 67 percent in the fourth quarter for companies in the index, according to a Bloomberg survey of analysts, after a record nine quarters of declines. ...........(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aM.XQWBDUrN4&pos=2

[kerrywins]

1. How Can Wall Street Die, When We Have Mr. Wallstreet as Pres?

why do you think he handed out massive bailouts to these fatcats?

[kenny blankenship]

2. Not one of Boris Karloff's better outings

[Salmonslayer]

3. I want Wall Street to be successful. Eventually this will mean jobs

2012 will be ugly if the unemployment situation is not turned around.

[rfranklin]

4. Wrong! This is a duplicate of 1937 when Wall Street prospered

and unemployment actually increased. Rising stock prices these days are the result of too many dollars flying around looking for a profit. It is not an indicator of good things to come for Main Street.

[Broke In Jersey]

5. great comparison to 1937

unfortunately I see the same thing happening for a while....

[Salmonslayer]

8. Lets say that you are correct.

Do you hope Wall street fails? Where will this get us?

Unemployment numbers going down are usually one of the last indicators of that we are exiting a recession.

Certainly, rooting for failure will not get us anywhere. A rising tide raises all boats.

[rfranklin]

9. Get back to me in a year...

The fact is that this is a "jobless recovery." Just as the past eight years under Bush created a net zero jobs. We need to get our collective head out of the sand and do something radically different. Two reasons why the markets are going up are that the dollar has weakened and the Fed is handing money out at zero percent--and Goldman Sachs and the other players are using it to pump up the market. You can be Pollyanna all you want but that won't create any jobs.

[pscot]

6. Wall street has had a terrific year

and no one has done better than the bankers. So where are the jobs?

[anonymous171]

7. It is pretty hard for Wall Street to have a bad year

If profits look down all they have to do is lay enough people off and then voila record profits!