US Stocks Up; DJIA Has Best 4-Week Streak Since 1933

[Purveyor]

Source: MARKETWATCH

NEW YORK (MarketWatch) -- U.S. stocks rose Friday and the Dow Jones Industrial Average capped its best four-week winning streak since 1933 as investors continued betting on an economic rebound, despite grim jobs data.

The unemployment rate in March climbed to 8.5%, the highest since 1983. Yet markets continued to act as if an economic recovery was in the works, hoping the combination of International Monetary Fund lending, economic stimulus spending and bank-stabilization plans would finally reignite growth

On Friday, the Dow Jones Industrial Average rose 39.51 points, or 0.5%, to 8017.59, its highest close since Feb. 9, bringing its advance to 3.1% on the week. That was the fourth straight week of gains, and at 21%, the biggest advance for this kind of four-week streak since May 1933. The broad Standard & Poor's 500 index added 8.12, or 0.97%, to 842.5. For the week, the S&P 500 added 3.3%, and has cut its losses on 2009 to 6.7%. The Nasdaq Composite added 19.24, or 1.2%, to 1621.87, and is now up 2.8% for the year to date.

Traders are encouraged that the Nasdaq is leading this rally because it signals an appetite for risk in the form of growth-oriented technology stocks with a high degree of correlation to the economy.

Read more: http://www.marketwatch.com/news/story/US-Stocks-Up-DJIA-Has/story.aspx?guid={5AC010E4-53AA-4B1A-ABA1-C0064D7F1E84}

[Ian David]

1. So, Obama has been president for about 8 weeks, and 4 of those weeks, the DJIA has gone up.

Nice!

[TheWatcher]

25. And you just cheer it on unquestioningly, not bothering to try and figure out if it is based

in ANY kind reality other then Well-Crafted Propaganda, Programs and Schemes that prop up the Establishment that got us into the Crisis to begin with, including a ridiculous Toxic Assets and Mark to Market scheme that allows bank to commit even MORE fraud and fleecing of the Public with even LESS transparency, and Media Cheerleading.

And yet there has been NO fundamental change in the real economic environment.

Unemployment is at 8.5%, U6 at 15.6% and all of the news that came out this week, Including the looming bankruptcy of GM and the Autos, DESPITE the Pravda like spinning from the Media actually indicates things are getting WORSE, not better.

Ah, but I know, I'm a fascist, a DU Downer, and I'm blowing everyone's high.

We'd rather just look up with giddiness as the Stock Market Board lights up with a completely artificial, manipulated "Rally", as if it actually has something to do with what is going on in the REAL economy right now.

America The Conned.

Still getting fleeced, and apparently, Still Loving It!

[DJ13]

2. Someone remind me

What happened to the markets (and the economy) after that rally in 1933?

[rfranklin]

3. Yes, that's the point...this is fitting the pattern of the Depression...

almost exactly. Sharp bear market rallies followed by collapses and continuing despair.

The charts are almost identical.

[SLV999]

8. Here's an interesting chart

[pleah]

12. Why don't you compare the dow then with the dow now, instead of the S&P?

:shrug:

[slipslidingaway]

20. This chart includes the 1937-1942 bear market - over a 60% drop

http://www.nytimes.com/interactive/2008/10/11/business/20081011_BEAR_MARKETS.html

[FreakinDJ]

13. Didn't have the "New Deal" in 1933

so it would be a s t r e t c h to make that comparison

[Systematic Chaos]

5. You beat me to it, only because I was looking for a chart to back that assertion up.

Still didn't find one, dammit.

[slipslidingaway]

24. Try this link....

they have charts back to 1900 for the DOW and 1928 for the SPX, a big plus is that you can zoom in on a particular area and then OHLC will be displayed. You can change the time to day, week , month, quarter etc.

http://www.prophet.net/analyze/javacharts.jsp

Click on indices (SPX, INDU etc.) and then change the 1 year to ALL. Drag your mouse, use the scrollbar and + and - keys to zoom in on an area.

[Skwmom]

11. Oh come on. Cramer, from Mad Money, said that it's time to pop the champagne corks

because the depression is over. Of course when he was asked about the latest jobs losses he just shrugged it off. He's not going to let some stupid job losses spoil his party.

[Gman]

17. A fool and his money are soon parted

[slipslidingaway]

21. Stocks never saw the 32 or 33 low again n/t

[Systematic Chaos]

4. In other news, we're now experiencing the best BEAR MARKET RALLY since 1933.

:shrug:

[MindPilot]

6. On the front page of marketwatch is another much smaller headline

"Jobless rate at 26-year high"

[rucky]

7. When you're comparing historicals,

doesn't it make more sense to look at points over percentages?

[Gman]

16. No

In 1933 the Dow traded in an adjusted range of between 51 and 102 versus (approx) 6550 - 8000.

http://www.data360.org/dataset.aspx?Data_Set_Id=393

[Deja Q]

9. Recovery for stocks -- not for jobs

http://money.cnn.com/2009/04/03/markets/thebuzz/index.htm

[ryanmuegge]

38. So therefore the recovery is fake.

[dipsydoodle]

10. But the dollar is down

:shrug:

[Oregone]

15. That always happens

Ive been watching it religiously for months. Is it from people switching from treasuries to the market which causes it?

[TheWatcher]

27. you can thank Helo Ben and his Mad Monetization of Our Own Debt for that.

[Zynx]

33. Moves in the currency are largely irrelevant unless they are large.

Once a move becomes 25% or greater, then it warrants attention.

[Oregone]

14. Did they have to include...."since 1933"....

:)

[FreakinDJ]

18. Market up - Housing Starts up - Durable Goods up.....

Wake up and smell the recovery folks

The conditions that existed in 1933 Do NOT exist today and the markets are not going to react the same way. Sorry no matter what you say - your still comparing apples to oranges.

To all the Freeptard Nay Sayers "Thanks for your money SUCKERS" - Markets is bouncing back from 6700 and I'm up over 25K in my 401K already

[Purveyor]

23. Thank you for your optimisism FreakinDJ. It feels good to be able to post some positive news for a

change.

We can have little hope of a economic recovery unless attitudes change.

[TheWatcher]

37. Yes, it's definitely a healthy attitude when someone refers to anyone who disagrees that we are in a

"Recovery" right now, and doesn't buy this artificial, manipulated "Rally", a "Freeptard", or a "Limpbaugh Loving LOOSER.", which is exactly what the Poster you are congratulating has been doing.

Way to validate "Good Attitudes".

:eyes:

[Doctor_J]

26. I don't see how this can last while we still hemhorage jobs

the top 1% of the wealthy can't buy enough by themselves to keep the market headed up

[FreakinDJ]

28. Jobs has historically always been a "Lagging Indicator"

So yes as the majority of market analyst have all chimed in this last week the market could very well be Bullish while the unemployment numbers still dip for another couple months.

But I am also seeing quite a few construction projects that were stoped late last year re-starting and calling the workers back already. Those are large State and Federal funded contruction projects with good paying union wages. Non-union, and support will follow shortly and pick up too.

So yes I do see relief in sight

[Name removed]

29. Deleted sub-thread

Sub-thread removed by moderator. Click here to review the message board rules.

[ShortnFiery]

31. Bookmark.

:eyes:

[ixion]

19. Since 1933... well, talk about foreshadowing

but I'm sure it will be lost on many. :(

[Zynx]

32. 1933 was the end of the contraction.

[ixion]

36. on paper, perhaps... but the depression continued for years

[Zynx]

39. On paper? There's a reason people kept re-electing Roosevelt and the Democrats.

The economy recovered at a fairly decent clip out of the pit in 1933. We grew 10.8%, 8.9%, 13.0%, and 5.1% in 1934, 1935, 1936, and 1937 respectively. I'm not saying it was fun and roses, but we were growing. Things got better.

[antimatter98]

22. What happens to American workers is not important---the DOW is up!! hurray!!! n/t

[FreakinDJ]

30. DOW is up because of "Re-Regulation" being imposed

on the markets

You want to know what makes the market go up ?????

Every time we arrest and convict a Wall St. Crook we get a bounce
Every time Washington decides to impose more regulations - we get a bounce

you guys have no idea how pissed the rest of the world was at the USA when Enron swindeled $BILLIONs of dollars and fuck-nuts Chimp Boy did nothing for so long. The BBC Asia Reports actually had a graphic on their broadcast show "Days since Enron Collasp" - Number of Enron employees Indicted" - Number of Enron Employees Convicted"

For a Loooonnnnngg time the latter 2 read Zero

[TheWatcher]

34. Oh PLEASE, get a CLUE.

What re-regulations are you referring to?

Goofy's Toxic Asset Plan?

The Mark to Market Rule Changes?

Making it EASIER for the CRIMINALS to commit CRIMES, THAT'S Your answer?

You Think Two "Stimlus" bailouts, one fom Stammerin' hank, and the other one that just passed, that the Congress didn't even READ, is going to FIX The Debt Bubble?

I'll say it once again.

THE. UNFUNDED. DEBT. LIABILITY. OF. THE. UNITED. STATES. IS. $66. TRILLION. DOLLARS.

The CDO/CDS mess hasn't even BEGUN to hit the fan yet, and Helo Ben's Monetization has done nothing so far but cause a short term rally in Treasuries that is NOT sustainable, and is devaluing the Dollar.

These Pet Programs, Schemes, and Bills do almost NOTHING for the real economy, but I suppose if crumbs form the table is what makes a believer out of you, then that's what you can expect a steady diet of.

Like Carlin once said "It's A Big Club, And You Ain't In It."

This song ain't about you, baby.

And WHAT in the FUCK is up with your comment about GOLD upthread.

So NOW if you invest in Gold, you're a Freeper as well?

Who knew?

The level of ignorance you display is BREATHTAKING.

[Systematic Chaos]

40. +1

Or better yet, +66,000,000,000,000

:applause:

[The Second Stone]

35. If we look to history, we've still got a long way to go

On the plus side, it's been less than a year, rather than four years. If Obama can continue to stimulate the economy as he has been doing, it may help prevent the worst of it that we are afraid of. I really do think that the markets need to be regulated and the tasks of risk evaluation and investment separated by company.

[ardvark]

41. All of the biggest rallys occur in bear markets

the harder the bear, the bigger the rally

[Zynx]

42. That's true, but it also obscures that big rallies do sometimes signal the end

of a bear market. For example, in 1975, the market rallied from 600 to 800 in about a month and didn't really look back ever. Also, the rally in 1982 that signaled the end of that bear market and recession was straight up and never retraced.