U.S. stocks lifted by data, up for a fourth week

[cal04]

http://www.marketwatch.com/story/us-stocks-lifted-by-data-up-for-a-fourth-week-2010-09-24

U.S. stocks on Friday surged to their fourth straight weekly gain, with the Dow Jones Industrial Average and the S&P 500 Index both on track for their best September in more than half a century after data showing a rebound in demand for U.S. capital equipment. The S&P 500 <$spx> halted a three-day losing stretch to notch a fourth weekly gain, its longest steak since April. Up 2.4% for the week, the Dow industrials /quotes/comstock/10w!i:dji/delayed (DJIA 10,860, +197.84, +1.86%) added 197.84 points, or 1.9%, to end at 10,860.26, its best performance since Sept. 1. The S&P added 23.84 points, or 2.1%, to end at 1,148.67, up 2.1% for the week. The Nasdaq Composite /quotes/comstock/10y!i:comp (COMP 2,381, +54.14, +2.33%) climbed 54.14 points, or 2.3%, to 2,381.2, up 2.8% from the week-ago close.


The bulls are back: Stocks surge
http://money.cnn.com/2010/09/24/markets/markets_newyork/index.htm

(snip)
"The better-than-expected report on orders for durable goods, particularly the nice rebound in goods excluding transportation, further confirms that a double-dip recession is not likely any time in the immediate future," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

He added that healthy earnings from Nike and KB Home (KBH) reassured investors and helped boost enthusiasm.

[spanone]

1. k&r.

[DCBob]

2. Expect this to be bashed by those desperate to convince us we are in the midst of a depression.

It may be coming someday but not anytime in the near future.

[TheWatcher]

3. No bashing here, just taking in the breathtaking delusion and denial.

There is no point in trying to reason with those who only care about how their perception of reality is managed, not actual reality itself.

There is nothing fundamental or tangible to support what is happening in the Casino....um, Markets. it would seem that too many Americans have put their faith in High Frequency Trading Computers as a fundamental gauge of the health of the real economy, and are willing to buy anything that is fed to them to feed this false paradigm in which they believe all reality resides.

When this Bubble Bursts as the last three have done since 98-99, we'll see what everyone has to say about things then.

My guess is they still probably won't get it.

[DCBob]

8. funny, I feel bashed...

the market goes up and down with investor confidence. Investor confidence is going up. Thats good.. despite your delusions and denials.

[TheWatcher]

11. Wrong.

Speculative, Artificial Bubbles have nothing to with the Real economy, Bob.

Nor is Bubble Economics a good thing.

The past 15 years of Bubbles have ended with worse consequences with each Burst, and yet somehow you think these kinds of cycles are a good thing, and you cheer on this kind of activity like it's for our own good.

I'm not really bashing you, I just find you very lost, and very sad.

The delusion and denial is all yours.

Knowledge, Reality, and the awareness of it is the world I live in.

False Paradigms, Propaganda, Perception Management based on Propaganda, and Wishful, Magical thinking is the world you live in. The only facts you believe in are "Official" facts, which you buy hook, line, and sinker, without question.

maybe your ignorance is your bliss, but even if my world is more painful, I can deal with it, because at least i don't live a lie, and expect others to do the same, as if it's some sort of civic duty.

Why don't you tell all the Millions of people who have suffered in joblessness as a result of two decades of Bubble Economics, joblessness which gets WORSE, MORE SEVERE, and MORE PRONOUNCED with earh Burst, and tell them how good and healthy it is.

Bubbles have helped DESTROY our Economy, not aid in it's growth or health.

And yet you think it's all good and wonderful, and anyone who thinks otherwise is "delusional" and in "denial".

it's a waste of time conversing with you, because you not only don't get it, you don't want to.

Have a nice life in Pleasantville, Bob.

:hi:

[HughMoran]

25. Assuming this is a bubble

Which, since the market still hasn't reached the point it was at when Bush took office 10 years ago, it isn't a bubble.

[TheWatcher]

27. Um, Hugh, I hate to burst your own Bubble, but yes, this is a Bubble

A 75-80% rise from March 09 without any fundamental or technical basis or catalyst to support such an extreme short term rise is certainly not normal market Activity.

It's a Bubble, Hugh

I suppose 03-08 was not a Bubble Either.

Nor was 98-2001.

Please, just stop.

:rofl:

[DCBob]

26. In case you didnt realize it our economy is mostly based on confidence..

consumer confidence, business confidence and investor confidence... and they tend to go hand in hand and they are all beginning to trend up. That is a good thing for all of us no matter how much you insist on pushing your gloom and doom scenarios.

[eridani]

34. Only if you believe in fluff. It reality is is based on making things and selling them

And on providing direct services to those who do.

[DCBob]

39. And if confidence goes up so do all those things..

its not that complicated.

[eridani]

44. Complicated, no. Exactly assbackwards, yes.

When things really improve in the real economy, confidence goes up.

[HughMoran]

23. On the ground, business has been brisk

Components for electronic devices are becoming more and more difficult to source as demand has risen. Your problem is you don't like the system as it is - that's your prerogative, but don't call others delusional as now it's your prejudice showing through.

[Name removed]

28. Deleted message

Message removed by moderator. Click here to review the message board rules.

[doc03]

4. 1. The market is going up because Wall Street is

confident the Republicans will take back the House and possibly the Senate. 2. They are confident their tax rates will not go up.

[TexasObserver]

5. No, it isn't.

And after the election, the stock market is going UP, no matter who wins.

Recovery is a long, slow process, and thinking the economy should be back to normal already is unrealistic and self-defeating.

[TheWatcher]

6. The Stock Marrket is in an artificial Bubble, partially led on by High Frequency Trading

And the Fed's out of control Monetary Policy.

You know, like the last two Bubbles, in 98-2002 (Tech Bubble), 2003-2008 (Real Estate Bubble).

Oh, but those probably weren't Bubbles either.

it was all just the "miracle" of the "Free Market."

The Stock Market has become little more than an Electronic high Frequency Casino, and has little if any relevance to the REAL Economy, despite the desperate belief in the false paradigm that many wish to prevail.

Keep Sleeping.

[TexasObserver]

7. Your post is jargon.

The stock market is not an artificial bubble.

Bubbles are recurring, and they vary from decade to decade, but they're normal.

There is no "free market," although many like to throw the term around.

We're in a recovery, and the stock market is having a nice upswing.

[Nikki Stone1]

9. Actually, a great deal of it floats on bubbles

Pump and dump.

[USArmyParatrooper]

13. LOL "pump and dump"

That's text book lingo from professional stock bashers on Yahoo.

I bought Apple shares at $135 and kept hearing "pump and dump" month after month. Yesterday it closed at $292. In fact, you'll see that term used if you check the forum tied to any ticker.

I can't believe you actually tried to use that jargon.

[Nikki Stone1]

14. You had one good stock. Congrats.

Many other people lost 40% of their 401Ks in the market on the housing bubble.

And yeah, it was a bubble.

Whether you like terms or don't like them, there are only a few ways processes can work.

[USArmyParatrooper]

16. Yes, sure I ONLY had one good stock. Yep, I said that

I bought into the market last year, and since I've bought different stocks at different times. My entire portfolio is up dramatically. Why? Because economic conditions have improved.

The stock market has peaks and dips depending on the economy. You point fingers to what the stock market does during every recession and say, "See! It's an artificial bubble!" Well, no it's not. It's the market reacting to the economy and economic data.

[Nikki Stone1]

21. It's like arguing religion with some folks

And I don't argue faith-based things.

Will not kick this thread again.

[USArmyParatrooper]

22. Wow, such a substantive reply

Well, not really. The only thing you said of substance is you're not going to reply.

[TheWatcher]

17. The Professional Amatuers are really singing today aren't they?

Hilarity at it's finest.

:rofl:

[Nikki Stone1]

19. You don't need professional credentials to follow the patterns

In fact, being a professional can get in the way. Happens to economists all the time. :)

[TheWatcher]

24. What's even more hilarious is that when this Bubble Bursts AGAIN, people like him will wail and

scream "Save me" to the very criminals that helped create the Crisis, just like the previous ones, and those same Criminals will be more than happy to accommodate him with their "solutions" which will not benefit him at all, but will once again bail out same said criminals, for yet another round of looting, robbing, and stealing from the sheep.

Wash, Rinse, Repeat.

And he will fall to his knees in tears and "Thank" them for coming to his "rescue", and doing everything so compassionately "for his own good."

I swear, this country is HEAVEN for Criminals, Thieves, and Oligarchs.

We are full to the brim of the most willful rubes and dupes on the planet.

Who for the most part LOVE playing the part,and LOVE the consequences that go with it.

Land Of The Outer Limits, Home Of the Twilight Zone.

:crazy:

[DCBob]

32. The only person that appears to be wailing around here is you.

[TheWatcher]

15. Ah, a Yahoo Stock Chat guru come to set us all straight.

Actually, a lot of Professional Traders who have FORGOTTEN more about the Market than you will ever learn use that term, so it really isn't a sign of ignorance if someone uses it.

And despite how overly impressed you are with what you think you know, Pump And Dump is actually real and relevant.

Here, treat yourself to some knowledge. Start here:

http://en.wikipedia.org/wiki/Pump_and_dump

It's as a bit of a beginners primer, but a good starting point for those who think they know what they are talking about.

As you can see, it's a bit more than just jargon.

Please, go back to Yahoo with your tiresome insults.

Yahoo...Where the Amateurs go to feel like Pros.

:rofl:

Fastest. Add. To Ignore. EVER.

[USArmyParatrooper]

18. "Ignore" = Cowering from a debate

Let know when you're done hiding.

"Fastest. Add. To Ignore. EVER."

I scared you that fast?

[TheWatcher]

20. I'm sorry Mr. Kudlow, did you say something?

Go play with your AAPL shares in Bubble Land.

http://www.snapdrive.net/files/522046/Monopoly/Community%20Chest%20-%20From%20Sale%20of%20Stock%20You%20Get%20$45.Gif

:rofl:

[TheWatcher]

10. Bubbles are NORMAL? What utter nonsense.

:rofl:

This statement by itself displays your complete lack of understanding and knowledge of what you speak.

Bubbles are not NORMAL.

Bubbles are CAUSED and not a NORMAL or NATURAL Occurrence.

We are not in a "Recovery" based on anything fundamental or technical, and the Stock Market is in a Speculative Bubble led by artificial means.

Jesus Christ the High Frequency Trading Issue ALONE prevents the Markets from trading on anything resembling a normal or natural nature, and with 80% or more of all activity in the Stock markets being handled by Computer Program trading on a given day you have a Market that has been reduced to nothing more than a Casino.

Add to this Greenspan's Monetary Policy (Continued by Bernanke), as well as Speculation, Derivatives and Exotic Financial Instruments, and it isn't hard to trace the pattern of behavior and machinations that have been typical of DIRECT and DELIBERATE manipulation of the Financial Markets the past two decades.

It isn't JARGON it's FACT.

And you clearly have no clue.

Please, go waste someone Else's time who shares your CNBC mentality, and quit acting like you know something.

Believe me, YOU DON'T.

[TexasObserver]

30. "Bubbles are recurring, and they vary from decade to decade, but they're normal."

Yes, they're recurring, and they vary from decade to decade, and they are a normal part of the business cycle.

[jeanpalmer]

37. "the Fed's out of control Monetary Policy"

For the Fed, it's just a giant game, but a very simple one: print money, drive up asset prices. It's the only trick in their bag. Your average high schooler could pull it off, if given a 15-minute instruction on the rules of the game. The free market mumbo jumbo is nothing more than camouflage. Let's see how this one goes.

"They're greenlighting a massive orgy in speculative assets," says Kevin Ferry, president of Cronus Futures Management in Chicago.

http://www.cnbc.com/id/39308738

[eridani]

35. Getting back to "normal" is exactly the problem

That is, the "new normal" of permanent high unemployment and joblessness.

[USArmyParatrooper]

12. That makes no sense whatsoever

So people are buying stocks and mutual funds because they think the top earners are getting a tax cut? What does a tax cut for the rich have to do with the stability of publicly traded companies? Nothing. When the market goes up that's a display of confidence by fund managers and individual investors in the broader economy.

[DCBob]

29. I suspect this is a beginning of trend upward for a sustained period..

We might see even bigger gains right after the election when businesses will likely begin to spend some of the billions they are hording with expansion and hirings.

[TexasObserver]

31. Agreed. However the election turns out, business will improve.

The markets love certainty, and elections are uncertain until the outcome. Then everyone quickly calibrates for the future. I expect to see gains in November and December. I expect we end the year 2010 above 11,000 on the DOW. I've predicted that here all year, and I'm sticking with it.

I expect 2011 to be a better year than 2010, and expect to see the DOW enter 2012 above 12,000, maybe above 13,000.

[Lost4words]

43. Psssst! Where do you get your weed, it sounds wonderful!!!

:crazy:

caused everything is going so well,

[Lost4words]

42. the market does tend to like republican control of congress, you may be correct

Dr DCBob

[Warren DeMontague]

33. The Market is up? WUR DOOOOMED!

The Market is down? WUR DOOOOMED!

Isn't consistency nice?

[eridani]

36. Yes, because the underlying real wconomy is in trouble either way n/t

[Warren DeMontague]

38. Exactly.

Doomed! Doooomed! DOOOOOOOOOMED!!

[DCBob]

40. There have been underlying problems with the "real economy" since we became dependent on oil.

imo.

[Lost4words]

41. you guys work well as a gang, you all say the same things

pretty sad example of seeing the empty glass as overflowing. :kick: