Dow ends best July in 20 years

[No Passaran]

Source: CNN

For the month of July, the Dow gained around 8.8%, according to early tallies, seeing its best July since 1989, when it gained 9%. The S&P 500 is up 7.5% this month, seeing its best July performance since 1988, when it gained 8.8%

Read more: http://money.cnn.com/2009/07/31/markets/markets_newyork/index.htm

[shireen]

1. so thats how they're spinning it, comparing monthly positive percentage gains?

:rofl:

[Diane R]

5. If I wanted to read a comment from a Freeper I would join Free Republic. Tired of Obama bashing.

[shireen]

6. who's bashing Obama? I was referring to CNN's title for that piece!

Geez. Get a grip, not everything is about Obama. It is way too early to gauge the effectiveness of the stimulus.

That title may be factually correct. But psychologically, it projects "happy" news about data that doesn't tell us much about the larger economic recovery picture ... CNN has a lot of nerve posting a title like that after the way stock values have tanked in the past couple of years.

[zonkers]

13. It seem the journalistic yardstick thse days is if someting is technically correct, it is okay...

never mind how honest a picture it paints.

[TheWatcher]

17. Oh PLEASE. JUST STOP.

Now, since you want to call people out, let's see how you handle it.

I am sure you will be able to point out EXACTLY, word for word, WHERE the poster you just attacked was bashing Obama.

Let's see it. You responded with such aggressive confidence I am sure the evidence is there BEYOND a reasonable doubt, and so clear and concise a sleeping child could find it.

When are you people going to get it through your head.

The. Artificial. Manipulation. Of. The Stock. Market. Has. NOTHING. To. Do. With. OBAMA.

NOTHING. Has. Fundamentally. CHANGED. In. The. REAL. ECONOMY.

THAT'S what people are upset about.

They are tired of being Propagandized. They are TIRED of being LIED TO and MANIPULATED by The Media, The Fed, and The Government with their Fake, Cooked, and Massaged Data, and The Banks with their fake, made up profits, and Criminals like Bernanke telling them the Recession is over, while at the same time telling Congress they aren't allowed to see what happened to the TARP money.

We are being lied to about the state of the economy, whether you want to live in terminal denial about it or not.

IT'S NOT ABOUT BASHING OBAMA.

[prostomulgus]

2. But will President Obama get credit for this turnaround?

I won't hold my breath. After all, when has a black man ever gotten credit for doing something right?

[KoKo]

10. Why do you think there is a Turn Around...is what I would ask....

:shrug:

[TheWatcher]

18. Oh Because the TV and the Smiling Criminals Ben and Goofy TOLD THEM SO.

Because CNBC SAID SO.

Because The Media SAID SO.

Because The Banks SAID SO.

Because it FEELS GOOD to believe in LIES.

Because if we Just FEEL GOOD instead of FACE REALITY, everything will Recover.

You know, like Magic.

Who are YOU to criticize Bubble Economics when it has been so damn successful?

:sarcasm:

[Honeycombe8]

3. Woo hooooo!!!!!! My 401K is looking better, finally.

It was very depressing to look at my 401K until recently. It's still not GREAT, but it's doing much better.

I'm middle aged, so my 401K is very important to me. I don't have decades to make up for the huge losses I sustained in the last year or two.

It looks like, or at least I'm hoping that, this means the economic recession hit bottom a couple of months ago. I hope.

[KoKo]

11. Dupe

[KoKo]

12. If you want "SAFE SAVINGS" How's your Bank "Saving Accounts doing paying interest?

What are you getting? 1.3% ...Money Market l.2%...CD's vary...top I've seen for long term lock up 3-uear is 3.5%. So...who are you banking with...and where's your "inside deal?" :shrug: Inquiring Minds would like to know.

[CountAllVotes]

14. I managed to renew CDs that came due in May

got 4.25% for them. Not bad - best I could find sadly. Normally, I never tie money up for a long time at such a low rate. It sucks if you don't care to gamble.

This system encourages more of the same.
Gird yourself for round #2.

Does anyone seriously think things will change or get better until we purge these crooks from the banking system (i.e. Geithner/Bernanke/et al.)?

:grr:

[KoKo]

16. kick...I have no idea how folks are investing...just that I'm Conservative and not looking

for BUBBLE 3! I'm probably going to miss that next run up. My Bad...but "better safe than sorry"

[GoesTo11]

15. So are you going all in in stocks then?

I would love to make up everything I lost, but I don't want to lose everything I have left. Something just doesn't smell right about this wonderful rally.

[Yavin4]

4. When You Cut Short Term Rates to 0

Then you're bound to see a jump in stock prices because folks need a better return on their money than .05%.

All in all, any positive news on the economy is good.

[CountAllVotes]

8. yep

you nailed it. CDs are barely paying 2% right now. People have got to dump it elsewhere in hopes of a rebound. Good luck is all I have to say about that.

When will the Fed raise rates anyway? This 0-.25% shit is not fun for those that aren't into gambling with their life savings! :mad:

:kick:

[Xenotime]

7. Economy is FAR better than it ever was under *

[KoKo]

9. COOL! BUY, BUY BUY!...Short SELL..SELL...SELL.. Since you are suckered by CNN Money Site.

GOOD NEWS! BUY...BUY...BUY! :rofl: