Off-Topic: Just anothe 500 points

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	Name:	water_watcher -
	Subject:	Just anothe 500 points
	Date:	7/23/2009 5:43:09 PM

to get back to where it was when Obama took office.

But unfortunately for many ... look for a pretty good pull back. The market was over sold due to uncertainty. It no longer looks like the world will come to an end so money moved back in to the market. But now policy, the economy and employment will start to drive the market. And it does not look very good.

Unemployment claims are starting to come down a bit, but the report today still had the 4 month moving average of "new" claims at 566,000. That is huge.

Many companies "beat" their earnings estimate this quarter which also helped the stock market ... but revenues were down big from prior year ... businesses cut labor costs due to the weak demand and lower interest rates helped profits. But it was not that profits were up ... they were way, way down ... just beating the reduced estimates.

Other messages in this thread:

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Read it and Weep - Talullahhound - 7/23/2009 11:01:47 AM

Read it and Weep - widgethater - 7/23/2009 1:39:43 PM

Read it and Weep - Feb - 7/23/2009 6:54:00 PM

Just anothe 500 points - water_watcher - 7/23/2009 5:43:09 PM

one other thing - water_watcher - 7/23/2009 6:13:53 PM

Confirm your facts WW - architect - 7/25/2009 12:02:44 AM

Confirm your facts WW - water_watcher - 7/25/2009 8:37:35 AM

Confirm your facts WW - architect - 7/25/2009 12:35:40 PM

Read it and Weep - au67 - 7/23/2009 5:58:18 PM

Read it and Weep - Talullahhound - 7/23/2009 7:22:50 PM

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