DOW closes up 276, S&P 30, TRAN 257

[slipslidingaway]

edited link
http://stockcharts.com/

just click on market summary

[spanone]

1. good.

[slipslidingaway]

2. For now yes :) n/t

[slipslidingaway]

4. He does a pretty good job IMHO and gives an update each day

Technical Analysis Stock Market Trend Review 7/16/08
http://www.youtube.com/watch?v=IANjPXU0uoc
11 minutes

There are over 600 videos at his youtube site so one can look back at turning points, for example here is the 5/21/2008 video.

10 minutes
http://www.youtube.com/watch?v=Zu1OgZNvTyU

[TheWatcher]

3. Well Clearly they will be able to put a lot of Americans back to sleep, at least for now.

But honestly, what was today based on other than being a Bear Market Rally? Ever time one of these miracle up days happens we get treated to a steady diet of "SEE? HAPPY DAYS ARE HERE AGAIN! THINGS ARE BASICALLY SOUND!", from the Happy-Talk, Orwellian Bots who sway smugly two and fro through the Cathode Box, who wink, smile, and coo at you to go back to watching CSI and your favorite Cathode Tonic, because everything is REALLY on the mend this time!

It's all mindless BS.

What has changed?

Once again the Fed has waved it's Magic Wand, put out a bunch of Happy-Talk Jawboning with no real proof that it will have ANY effect at all on the situation unfolding before us, and they expect the public once again to believe that they are GOD, and can turn dog shit into Gold overnight, and in one day alter the course of a Banking System that is all but INSOLVENT.

What has changed for the GSE's that cannot even show the public a proper balance sheet, MUCH less a financial statement (*cough cough* Fannie *cough cough* Freddie.), and who's stock have lost most of their value. (WM, Wachovia, NCB, etc, etc, etc)

What has changed for the consumer, who is TAPPED OUT?

What has changed for the States, who are TAPPED OUT?

What has changed with Consumer Prices, which, even according to Fake, Massaged, Orwellian Government Statistics, surged at the 2nd Fastest Rate is 26 years?

What has changed with Gas Prices, Food Prices, and Inflation?

What has changed with the Criminal Government, who runs amok completely above the Law, looting, stealing and pillaging EVERYTHING that isn't nailed down, and bleeds the country dry with two endless wars, and is masturbating FURIOUSLY all over itself to start a THIRD by the end of the year?

What has changed?

NOTHING.

Except maybe the PERCEPTION of the public after another round of "Hide The Meltdown" brought to you by Wall Street, Bernanke, Paulson, and The Boy King.

And then you have Cox getting on TV one day, telling everyone the EVILS and ILLEGALITY of Naked Shorting, and how the SEC is going to go on a Witch Hunt to save the Banking System from Evil Naked Shorter's of the Financials, with brand spanking new rules to protect the Public. It's all THEIR FAULT!

It's funny. Naked Shorting has ALWAYS been illegal, but I find it laughable how Wall Street has ALWAYS looked the other way on it, to the point where it is a joke. And how quaintly ironic that the Banks and Financials are fine with looking the other way, and allowing all of this activity to go on UNABATED, until of course, it's being done to THEM, and because their whole system that is nothing more than a Bullshit Ponzi Pyramid Scheme is about to fall apart at the seams, NOW they scream "RULE OF LAW!".

And now today, Cox is BACK on TV saying that Naked Shorting is NOT REALLY ILLEGAL?

What Planet are we on again?

How quickly the American People forget that a mere SIX MONTHS ago, they played this same tune with the Rate Cuts, Stimulus Checks, and the Firesale of Bear Stearns to JPM and smiled into the Camera and told everyone if we just hold hands and buy a new Plasma, the Dow will be at 20,000 by Summer.

Instead, what really happened was they bought themselves, and the country a six month Stay Of Execution based on Perception, Bullshit, and Sleight Of Hand.

Are we going to fall for it, YET AGAIN?

Because Perception is not going to save the Economy.

But hey, everything is ALWAYS fine in Pleasantville, Right?

Now, who's up for some Fox Reality TV and some cheap Beer? The Economy Has been SAVED!

[slipslidingaway]

5. Many problems remain I agree, but we also know that the

stock market and news on the economy do not always coincide, if they ever do.

:hi:

[TheWatcher]

6. Quite true.

But I would hope the public would begin to Grasp that the magical goosing of the Dow is not going to make those Many Problems That Remain go away.

It won't.

But with the latest Magic Act, I'm sure for the time being, at least the Perception will be cured.

[slipslidingaway]

7. I would hope that people can separate the two issues :) n/t

[rucky]

8. It's a mental rally. n/t

[Individualist]

9. The 23rd sigh...

The 23rd Sigh

Bush is my shepherd, I dwell in want.
He maketh taxes to be cut for his buddies.
He maketh innocents to be killed
by the thousands
for his campaign contributors' sakes.
He restoreth my fears.
He leadeth us down the path of international
disgrace for his ego's sake.
Yeah, though I walk through the valley of
pollution and war, I will find no exit,
for thou art in office.
Thy tax cuts for the rich and thy media
control-they discomfort me.
Our vast surplus disappeareth
along with our privacy.
Thou preparest an agenda of deception in
the name of thy religion.
Thou annointest my head with foreign oil.
My health insurance runneth out.
Surely megalomania and false patriotism
shall follow me all the days of thy term,
and my unemployed, uninsured children
shall dwell in my basement forever. AMEN.

[slipslidingaway]

13. That's great and so true...thanks :) n/t

[trof]

10. HAPPY DAYS ARE HERE AGAIN!

WooHoo!
Until tomorrow.
:eyes:

[mmonk]

11. I did pretty good by going into transportation last week.

I could do better overall though with a stable market than picking stocks based on seeing irregularities. Too much work and attention and guess the timing scenarios. I prefer just going with balance sheets and P/E ratios.

[slipslidingaway]

14. Yes a difficult market....good luck! n/t

[mmonk]

15. Thanks. Did another somewhat risky move on Wachovia

on the subpoena news today and luckily that has risen. Quite interesting though I watch with trepidation.

[slipslidingaway]

16. Just looked at the chart and you can see the news, always

comforting when the price moves away from your purchase price :)

[onethatcares]

12. ah hell, wait until tomorrow,

they'll be another reason why it fell again.