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Joined: 07/29/2008
Posts: 723
DJIA jumps almost 6%!!!!

Must have been obvious it would pass further stimulating the economy.

http://thehill.com/leading-the-news/senate-passes-410b-omnibus-2009-03-1...

Or maybe it was just the euphoria of it being day number 50.

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Location: California
Joined: 09/06/2008
Posts: 1071
DJIA jumps almost 6%!!!!

$1.9 billion for the census bureau? I can see increases for NASA and the EPA making some sense but the census guys? My math stinks but what is that? Like ten bucks for every American they have to count? I need that job!
1. $10.00
2. $10.00
3. $10.00
4. $10.00
5. $10.00
6.7.8.9.10. $50.00

Where do I sign for this? I'm so there! Porkbarrel pork chops for BunnySlayer Too-night!

expatriate's picture
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Location: Arizona
Joined: 10/26/2002
Posts: 3207
DJIA jumps almost 6%!!!!

One day does not a recovery make.

cowgal's picture
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Location: Colorado
Joined: 03/10/2002
Posts: 1787
DJIA jumps almost 6%!!!!

If Obama signs the bill, the stock market will go down. Now if he just had the guts to veto it, the market might actually be a bit hopeful.

Well at least with this new bill - we can now travel to Cuba. eye roll

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Joined: 07/29/2008
Posts: 723
DJIA jumps almost 6%!!!!

It's called a dead cat bounce, the idea being if you drop a dead cat from high enough it's going to bounce. Just thought I'd have fun with ascribing stock market movement to politics, seems all the rage of late.

I do have an IRA, not worth mentioning because it's so small, some years I used to stick some in to lower my tax burden. I looked last night and was suprised, they have a feature where you can "Compare to year-end balances".

Says I'm down 7.37%. I thought I was supposed to be wiped out? I'm spread evenly between bonds, a "conservative growth fund" whatever the heck that's supposed to mean, and an index fund of emerging markets. I'm not interested in the whole thing much. Like I said I didn't have much in there but still, what are all the gloom and doom headlines about?

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Joined: 07/29/2008
Posts: 723
DJIA jumps almost 6%!!!!

Bunny if you're serious the census is a large part time employer and I've heard the money is ok. California will probably have a lot of work. Many people moving to hotels, tent cities and such, hard to contact via the US mail. It's a Katrina for all of us.

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Location: California
Joined: 09/06/2008
Posts: 1071
DJIA jumps almost 6%!!!!

Yes Civetcat I've seen thousands leaving their homes in droves for those tent cities. Right here in my front yard they are. (Someone fetch his meds, he's off them again) flocking to them out of their homes in a great Biblical exodus! Yes Katrina it is!! Those nasty hurricane causing republicans did it!

expatriate's picture
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Location: Arizona
Joined: 10/26/2002
Posts: 3207
DJIA jumps almost 6%!!!!

This is an embarrassment...even the CHINESE get it. Reduce the parasitic drag imposed on an economy by the government, and what do you know? You get growth! This is yet another example of Communists learning from our history while our leadership is bent on rediscovering theirs.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aDCOM2mACDYY&refer=home

cowgal's picture
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Location: Colorado
Joined: 03/10/2002
Posts: 1787
DJIA jumps almost 6%!!!!

What a novel idea - the Chinese CUT taxes!! eye roll

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Joined: 07/29/2008
Posts: 723
DJIA jumps almost 6%!!!!

Uh yes they cut the huge added tax they affix to new cars, just like most countries, I've been places the tax doubles the cost.

More people in China are paying income tax now, a whopping 20%. I wish only the top 20% paid here.

Was looking at that Vanguard site again. My wife is in the Ess and Pee. They have a date adjust thing. She lost 20% this year, but half of that was before Jan 20. Then I dialed the dates back to the peak which funny enough was way back in October 07! So this economy has been sinking for quite a while. Lost almost half her S+P fund in 15 months, Oct 07 to Jan 20, 09, while Bush was running things, or maybe it might be more precise to say messing things up.

Gosh I'm glad the election went the way it did.

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Location: California
Joined: 09/06/2008
Posts: 1071
DJIA jumps almost 6%!!!!

Civetwrote,

Quote:
Gosh I'm glad the election went the way it did.

Yep, it did. Still waiting for all this magic to fixee fixee makee makee all better. Much like the poor kid at Disneyland I think we're about to find out the magic only happens for those who bought their way in. Also like Disney the place is now run by a giant rat!

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