Wall Street prepares for hefty gains

[leftward]

By Neil Dennis

Investors on Wall Street were expected on Monday to welcome the allied forces' capture of Saddam Hussein with a three-digit rally to add to last week's rise above 10,000 for the Dow Jones Industrial Average.


"The prospect of reduced geo-political tensions, lower oil prices and, perhaps, less incentive for President Bush to pander to protectionist sentiment are likely to give the market fresh impetus," said Anais Faraj, economist at Nomura.........

...........Further news of continuing recovery in the manufacturing sector was also likely to provide a boost. Although the New York Empire State index did not expand as far as last month's surprising rise to 41, the market still took encouragement from December's reading of 37.37, which beat forecasts of 35.

"The underlying message - that the US can look forward to strong, sustainable growth - remains intact," said Mr Faraj at Nomura.

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1071251551837

[kalian]

1. Isn't this sickening...?

Fundamentally...NOTHING has changed economically. NOTHING. The only
thing now is that the media whores are lapping this up and telling
everybody to basically go out and spend, spend, spend!
There is nothing different.... :mad:

Unfortunately...this is all controlled and the sheeple will do what
they are told.

[Just Me]

17. No disrespect,...but, I think it's freakin' hilarious,...

,...because it is further proof to the rest of us "realists", living on earth, in the U.S. of A.,...how far from reality these people are operating or how much bullsh*t these people are dishing out. I mean,...one could take this as insulting, I suppose,...but, personally, I just think they are freakin' hilarious acting like some drunk who can "fool" others into believing s/he is sober. The American people are simply not all that "sheeple" (e.g. stupid)!!

[coralrf]

2. The Stock Market..

is not the economy.

[Maeve]

3. And some prepare for heavy profit-taking

Savvy traders will make themselves some nice lemming-fur coats.

[SOS]

4. 11 AM

Dow up 0.7%
Not exactly "hefty".

[ajacobson]

5. Ha, they wish

it's been a dud, DJIA up 61, yawn.

[hadrons]

6. you know, we complain about most Americans not pay enought attention to

the news, but with overnight polls showing almost no bounce from Saddam's capture for Dumbya and a flat "sucker's market" free day on Wall St. maybe we should be happy for this ... afterall, according to the corporate media Dumbya should be at 98% and the market up 500+ points

[Rex]

7. Yup, guys & gals

it's all about MONEY. Don't ever let your guard down and start believing America does anything out of the kindness of our hearts.

[Ramsey]

8. Less incentive for President Bush to pander to protectionist sentiment

Hahahahahaha!

Why oh why would the capture of Saddam cause a major stock market rally? Because now Bush can be less of a wienie. That's great!

[htuttle]

9. Look at all the apparent logic and analysis in this article...

And every word of it, completely, utterly wrong:

Investors on Wall Street were expected on Monday to welcome the allied forces' capture of Saddam Hussein with a three-digit rally to add to last week's rise above 10,000 for the Dow Jones Industrial Average.

Dow 10,022.82 -19.34 (-0.19%)
Nasdaq 1,918.26 -30.74 (-1.58%)
S&P 500 1,068.04 -6.10 (-0.57%)
10-Yr Bond 4.275% +0.033

[annagull]

10. "Since Saddam has been captured, people will be spending"

I actually heard this piece of tripe on one of the cable news channels today. Like the American people will be spending money now that they caught Saddam? Makes you want to stick a pencil in your ear hearing crap like that coming from the "news" media!

[SOS]

14. Since April

I've been thinking about buying a new VCR, but decided to postpone the purchase until Saddam Hussein was captured.
;)

[Cocoa]

11. I'm haviing a heck of a time finding a story about the Dow right now

a glance at Google's business news isn't yielding any stories explaining how the Dow did today. :shrug:

[qanda]

12. Very curious indeed

You think people noticed that nothing really changed except an old American made dictator was back in the hands of his maker?

[htuttle]

13. Not a word on Yahoo's news page, either

The sole business/financial story listed on main news page is:
Oracle Profit Up, Says Optimism Rising

If you dig down inside the Business section links inside that story, you find this buried there:

Dow Closes Down 19, Nasdaq Drops 31
http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20031215/ap_on_bi_st_ma_re/wall_street&e=1

They blame the whole drop in both markets on WalMart's sales. No discussion of why that would be so, or what WalMart's sales lagging would indicate, however. Then they launch into a rather long discussion about why they were right anyway, or why should should have been right,...

[ConcernedCanuk]

16. this doesn't look too good for the day now does it ?

DOW



NASDAQ


here's the rest of the story !!!

[if it comes from the whitehouse it must be true]

15. But the sad thing

Shows in the "cost of freedom" faux block will spit shine the hell out of this.

Im watching to email any idiot who says he never said the capture of saddam would get a market rally, I think Ben stein is the only one who said it would not matter?