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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 03:46 PM
Original message
Market Had a Good Day...
Markets »
Updated: 4:40 pm ET, March 17
+178.73
(+2.48%)
Dow 7,395.70
+58.09
(+4.14%)
Nasdaq 1,462.11
+24.23
(+3.21%)
S&P 778.12
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nevia sky Donating Member (19 posts) Send PM | Profile | Ignore Tue Mar-17-09 03:48 PM
Response to Original message
1. Thank goodness; some good news...Perhaps it will be contagious!
:party:
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graywarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 03:49 PM
Response to Original message
2. That's coz I spend $322 on a new water pump and tune up for my car.
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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 04:26 PM
Response to Reply #2
3. That's money well spent, your car will last longer and you kept
a couple of people in work....LOL.
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graywarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 05:07 PM
Response to Reply #3
4. True
We decided to keep the old Toyotoa instead of buying a new one
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 06:49 PM
Response to Original message
5. Dead





Cat





Bounce
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earthside Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-17-09 07:09 PM
Response to Original message
6. We've seen this before.
Various politicians, the talking heads on CNBC, the commissioned stock brokers and advisers say that we have turned the corner. The market goes up for a few days or weeks, we get a smattering of "good" news ... then ...

Then the crisis rears its ugly head again and we get a new round of decline.

Because ... nothing economically fundamental has changed yet. We, the government, corporations are still massively in debt, we are still in a totally consumer driven culture, we still think pixalated money is real wealth.

Read David Korten's new book "Agenda for a New Economy" and you'll see just how far we have yet to go to get out from underneath this corrupt Wall Street corporate tyranny.

Sorry to say it, but the idea that just because Obama is President that things will get better is an illusion. He is not to blame, but he has not yet proposed the revolutionary action we need to stop the deepening depression.
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