Look! Good News!
Wednesday, after the Democrats took the House, and stocks climbed slightly (as they've been doing for months), MSNBC headlined something like:
Stocks Climb To All-Time High After Democratic Victory
Today, after Democrats took the Senate, and stocks fell by 75 points:
Stocks pull back as investors grab profits
Hmmm... I don't seem to notice MSNBC is in as much of a hurry to link the DOW to the Democrats when it falls.
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A survey among Afghans finds they're mostly pleased with democracy and satisfied with the progress they're making. Here's the thing: this survey was completed over the summer.
Instapundit's in on the nasty joke that is the MSM by noting the media seems to be really pushing this absurd "Suddenly It's Peace and Prosperity Everywhere" thing. And, gee whiz, now they tell us that "insurgents" have killed 150,000 Iraqis.
posted by SCC at 12:01 AM
8 Comments:
The Dow is way over valued. It's for a correction. Just like the housing market.
more to it than the Dems, SCC:
Stocks pull back as investors grab profits
September trade deficit narrowed by largest amount in five years
Updated: 3:05 p.m. CT Nov 9, 2006
NEW YORK - Wall Street pulled back Thursday, as investors cashed in profits amid disappointing consumer sentiment data and rising oil prices. Losses in the technology sector were stemmed by better-than-expected results from Cisco Systems Inc.
The lackluster session was to be expected after three days of gains, including a new closing high Wednesday for the Dow Jones industrials. Investors had driven stocks broadly higher on optimism that Democrats taking control of Congress would cause political gridlock that would be favorable to businesses.
Investors sifted through new economic data Thursday. U.S. consumer confidence was slightly weaker in early November, but stayed near a 15-month high according to the University of Michigan.
Slowing economy brings tighter job market
Pace of new job creation eases from two years of strong gains
By John W. Schoen
Senior Producer
MSNBC
Updated: 11:16 a.m. CT Oct 6, 2006
John W. Schoen
Senior Producer
By just about any measure, the last two years have been good for job seekers: since Sept. 2003, some 5.5 million new jobs have been created. But with the economy showing clear signs of a slowdown, so too is the pace of job creation. And unless and until businesses get a better sign of where things are headed, the job market could get even tighter.
Friday's government employment report confirmed what many analysts have been predicting: Job growth is slowing sharply. Employers added just 51,000 jobs in September, the fewest in almost a year, providing fresh evidence that the economy has moved into a slower phase.
.......And the housing market is soooo f'ed up that now:
Credit score changes could spark housing boom
Real estate agents new method of calculating would bring in Latinos
Updated: 5:49 p.m. CT Nov 3, 2006
FRESNO, Calif. - The slumping housing market could get a $200 billion boost from new immigrant home buyers if mainstream lenders start using alternative methods to score credit, a national group of Hispanic real estate agents said Friday.
Creditors like Citigroup Inc.’s Citibank see recent immigrants as a growing market niche, but those who lack Social Security numbers or legal status in the United States often are rejected by the three major credit bureaus.
A handful of new credit reporting systems — already used by 200 real estate brokers, community groups and mortgage counselors nationwide — allows lenders to calculate risk by evaluating a prospective client’s utility bills, rent checks and other payments.
Watch gasoline prices rise now also!
thats everyone's answer to a high stock market, "the dow is overvalued" WRONG it has a more true value you now than it ever has
Let's see the Afghani govt. has control over Kabul their capital city. Why loosely allied War lords and Drug Lords run everything else. Great news for the RepukAgains. Haji the poppy grower think you're doing a great job, maybe because the Taliban in all their faults didn't allow poppy fields....But now they are experiencing bumper crop productions go ahead SCC grab at any straws that you can. BS is nothing but chewed up grass.
Yeah, and you dealt with it so well for 6 years. All this "your president" and assorted bullshit.
Well, we are going to make sure OUR readers know what OUR Congress is doing - especially those whom we disagree with. You don't like it, you can always try to start your own website. At least we're still publishing your comments.
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