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More bad news for Republicans

Posted: Sep 6, 2012

The Nasdaq advanced to its highest level since 2000 today and President Obama speaks tonight. Darn that bad economy!

The rally was broad, with materials, financials and industrials-- all groups tied to the pace of economic growth-- leading the way with gains of more than 2 percent. Advancers outnumbered decliners by a ratio of more than 4 to 1 while the Dow had its biggest gain in two months and the Nasdaq advanced to its highest level since 2000.

BTW, where is Romney these days? Last footage I saw of him was on Labor Day weekend when he was taking his big old yacht out. Most real politicians around here were at Labor Day events talking to the workers if they didn't have anything more important to do.

;

Jobs growth report also came in higher than expected. - Good news even for those who choke on it. :) NM

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Libs favorite phrases seem to always include - sm

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"_____________ than expected." Insert Better, Worse, Not as, etc. Don't they know what they're doing? Are they wrong that often?

Expected, predicted, whatever. Economists do those things - every month, regardless

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of how many times wingers mistake them for "libs."

They're just weasel words. - LM

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nm

Oh please.... here on "Main St", things still STINK! - Will take my chances on Romney ! nm

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nm

Romney could find Main Street without a GPS or a chauffeur, - let alone fix it. nm

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nm

I agree - You bet he could

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nm

Romney, unlike Obama, has run a business before, - saved the Olympics. nm

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nm

Stock Market had nothing to do with Obama or the Democrats - backwards typist

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The stock market closed at 13,292.

The ECG (European Central Bank) is buying up bonds. It has nothing to do with Obama.

"Speaking after a meeting of top ECB officials in Frankfurt, the central bank's president, Mario Draghi, reiterated his pledge to do "whatever it takes" to preserve the euro and said the ECB is prepared to make "outright monetary transactions," or OMTs, in the secondary market for euro-area government bonds."

"The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations."

Related: ECB outlines bond-buying program

"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012.

The stock market closed at 13,292 because the ECG (European Central Bank) is buying up bonds. It has nothing to do with Obama. I can't believe you're trying to give credit to him or the party.

"The move is aimed at Spain and Italy, which struggled with unsustainable borrowing costs earlier this year, but will be available to all euro nations."

Related: ECB outlines bond-buying program"The news out of Europe is boosting the market," said Jack Ablin, chief investment officer at Harris Private Bank. "It seems like investors were skeptical of the ECB being able to pull off unlimited bond buying authority, so that's really helping."

The ECB also left interest rates unchanged at 0.75% and lowered its outlook for economic growth in 2012.

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