The Dow Goes Up 400+ Points, The Day After Spitzer Revelation, Coincidence?

[Dinger]

Sorry, had to ask.

[sabbat hunter]

1. yes n/t

[Thepricebreaker]

2. Wow Tinfoil hats run ramped here...

[Dinger]

4. Tinfoil Like a Mutherfucker,

I know. But I had to ask.

[SleeplessinSoCal]

3. And Fallon resigned clearing the way for more war.

[dchill]

5. It has more to do with the $200 Billion...

that the Fed (read the US economy) is "pumping" into the credit-crisis-strapped banking industry. Great for the market, BAD for the rest of us. Can you spell I-N-F-L-A-T-I-O-N ?

[Selatius]

14. More like stagflation if the economy is contracting but with prices still rising. n/t

[onenote]

6. yes and no

The major reason the market went up was the Fed's infusion of $200 billion into the credit market. The fact that the Street was giddy over the fall of their nemesis probably contributed a bit to the euphoria, but only at the margins at best.

[Captain Angry]

7. The market went up by 400 because Jim Cramer's college roommate is in trouble. Coincidence?

Sorry, had to ask.

No, no you didn't and neither did I.

It's ridiculous. Spitzer as Governor holds little of the power over Wall Street that he held as Attorney General. The millions of investors around the planet were more excited about the Fed move. They could give a crap about Spitzer.

[Gman]

8. Completely

[MADem]

9. Fallon was forced out. War with Iran is back on the table. War is good for economies.

Look at WW2, which ended the Great Depression.

You're missing the REAL picture.

Spitz is just a distraction. Keep your eye on the Pentagon.

That's where the real joy is...

If they start renting space for draft boards to meet, beware!!!

[Telly Savalas]

12. The Iraq war has been a disaster for our economy.

Military action against Iran would just make it worse.

[MADem]

20. That isn't a war. That's a police action. Our defense infrastructure isn't terribly "ramped up"

as a result of Iraq. Sure, a few industries are operating at slightly higher than normal capacity--the uniform makers, the body armor folks, the bodybag franchises, the "personnel transfer" aluminum casket biz, Humvees, bullet manufacturers, civilian protection agencies, logistic contractors, that kind of thing...but that's small potatoes in the big scheme.

WAR is a different kettle o'fish. Stinks about as much as a fetid kettle of fish, but it's a different drill than the funky little police action we're engaged in over there in Iraq and the 'Stan right now. Real "war" involves invasion, and winning and HOLDING ground. It takes a SHITLOAD of people to do that sort of thing. A shitload of drafted people, receiving a shitload of paychecks, which go to their loved ones to be spent in our overactive, war-footing economy.

When I say WAR, I'm talking about universal conscription and an entire nation on a war footing--not "volunteers" (economic draftees, in a sense, but not without the opportunity to say no) signing on the dotted line, knowing full well what they are in for.

When I say WAR, I mean "War Powers" at full bore. Meat grinder at Full Crank. Abrogation of rights for "the good of the nation." Shared sacrifice. That sort of thing.

I actually don't think the country will tolerate it, a "war" on Iran, but I didn't think the country would tolerate a FIRST Bush term, never mind a second one. I gave the country too much credit, I guess.

[Selatius]

13. War is only good for defense industries. It sucks everyone else dry.

Money spent on war is money not spent on the domestic economy.

[MADem]

19. When you have a draft, you have all those little paychecks. You're forgetting about those.

Direct deposit ensures a good chunk of that money is spent domestically, in a hurry--much quicker than the old "allotment" methods of wars past. Ah, the wonders of modern banking!

[Mind_your_head]

23. You've got all of those little "messy dead people" too. You're forgetting about those.

Every life has infinite value.

Peace,
M_Y_H

[MADem]

24. Good for the undertaking business. And then, all those SGLI payouts dump more fake money into the

economic machine.

This scenario has absolutely nothing to do with 'life having infinite value.' That's not in the BushCo equation.

It's all about controlling access to the region's primo oil assets, and fueling an economy that's in an Unacknowledged Depression.

[Occam Bandage]

War is terrible for economies. Iraq is awful for our economy. Vietnam led to stagflation.

Reagan's massive military buildups played their part in the late-80s-early-90s problems. To say "WW2 ended the great depression" is very, very simplistic.

[MADem]

18. Iraq isn't a "war." It's a POLICE action. WW2 was a WAR. NT

[joeybee12]

10. Who was Clinton's FDA Chief who resigned and the market skyrocketed?

Can't recall his name, but he was quite anti-smoking, and let's face it, that's a big business.

[madrchsod]

11. no the fed reserve dumped billions into the market today

[Mojambo]

17. Right. They got a shitload of free money.

Has nothing to do with Spitzer.

[spanone]

15. dupe

madarchsod said it correctly

[Occam Bandage]

16. The dow goes up 400+ points, the day after my fiancée develops iritis. Coincidence?

[TML]

21. No

It's just another "loan" to the lenders who prop up Wall Street.

[JackRiddler]

22. It was the $200 billion, obviously, but it probably wasn't a coincidence...

Spitzer was brought down by a "large New York bank" that fed the information to the Bush Justice League.

Please read this:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2995172

[Bolo Boffin]

25. Post hoc.

There was a Spitzer bounce, but it happened right after the news was announced, and it was only about 30 points.

Just because one thing happens after another, it doesn't mean the one caused the other. That's the post hoc fallacy.