Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)
 

scheming daemons

(25,487 posts)
Thu Sep 6, 2012, 12:10 PM Sep 2012

Markets surging on positive jobs numbers.... stocks at 4-year highs [View all]


Perfect economic news heading into Obama's speech tonight.



“There’s no ambiguity about the rally today—every economic data point we got was positive and the market liked Draghi’s comments,” said Brian Gendreau, market strategist at Cetera Financial Group. “We don’t know if this new program is going to succeed, but the ECB seems to be squarely in the camp of taking positive action.”


As I type this, the Dow is up 240 points to a level not seen since before the economic crash of September 2008.


Coming off of Clinton's speech, this just buttresses all the claims.

201,000 private sector jobs created in August according to ADP.... which means that tomorrow's government-released numbers will probably be in the plus six digits as well.


2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»General Discussion»Markets surging on positi...