Whew! DOW closed up 90 points!

[jenmito]

It started out strong, then fell over 100 points, but finally ended at +90.

[Bolo Boffin]

1. I hadn't heard that Britian couldn't sell any debt today.

Wow.

[Peacetrain]

2. Good!

[GreenTea]

3. There's always tomorrow...hope your not on the edge of your seat...the Dow means jack shit except

to republicans who want to measure Obama by it...most know it's bullshit.

And as we saw the bullshit dictated by the government buying trillions of dollars in bad debts from bailed out banks & AIG, the printing of money, more than a trillion dollars out of thin air and even more bailouts for the greedy incompetent corporations.So then it goes up...it means nothing.

This is crazy insane policy by Bush republicans, U.S. Treasury Secretary, (Bush appointee) Timothy Geithner and the other corporate pig Larry Summers.

But these are DLC corporate assholes in control of our executive branch, (Emanuel, etc.) so what would one expect?

[mgcgulfcoast]

4. no need

i dont bother to watch the dow day to day. just watch the long term trend.

[Clear Blue Sky]

5. Testing the bottom and seems to be holding.

[Dr.Phool]

6. In the real world.......

Approximately 125,000 people lost their jobs on Monday.

Approximately 125,000 more people lost their jobs on Tuesday.

Approximately 125,000 more people lost their jobs today.

And another approximately 125,000 more people will lose their jobs tomorrow.

Based on initial unemployment claims of over 600,000 per week for several months now.

And, we should give a rats ass about the price of 30 companies in a rigged market?

[ShortnFiery]

8. But Job LOSSES is good for Wall Street because it keeps wages low and us "little people" fighting

each other for the scarce openings left. :(

[Dr.Phool]

9. After IBM announced today that they're shipping a boatload of jobs to India.

The market won't crash until they're finished fleecing every last person in the casino.

[ShortnFiery]

14. Anyone curious as to how bad it CAN become here - I suggest reading Upton Sinclair's "The Jungle"

http://www.amazon.com/Jungle-Uncensored-Original-Upton-Sinclair/dp/1884365302

Originally published in 1906 by Upton Sinclair, THE JUNGLE sent shockwaves throughout the United States that resulted in cries for labor and agricultural reforms. It is indeed rare that a book should have such a political impact, but although Sinclair may have been surprised at the results, it is apparent while reading this novel that his words form a political agenda of its own. It should be noted that Sinclair was a devout Socialist who traveled to Chicago to document the working conditions of the world-famous stockyards. Sinclair originally published this book in serial form in the Socialist newspaper, The Appeal to Reason. But as a result of the popularity of this series Sinclair decided to try to publish in a form of a novel.

Sinclair widely utilized the metaphor of the jungle (survival of the fittest, etc.) throughout this book to reflect how the vulnerable worker is at the mercy of the powerful packers and politicians. Mother Nature is represented as a machine who destroys the weak and protects the elite powerful. To illustrate his sentiments Sinclair wrote of family of Jurgis and Ona who immigrated to Chicago from Lithuania in search of the American dream. They arrive in all innocence and believe that hard work would result in a stable income and security. But they soon realize that all the forces are against them. During the subsequent years Jurgis tries to hold on what he has but he is fighting a losing battle. It is not until he stumbles upon a political meeting that his eyes upon the evils of capitalism and the sacredness of socialism.

THE JUNGLE is an important book on the labor history of the United States, the non-fairytale immigration of foreigners into the melting pot, and the history of Chicago. Recommended, but not for the faint of heart.

[backscatter712]

12. Assuming the stock market actually has hit bottom...

Typically employment lags behind the stock market by roughly six months.

So if we're back to a bull market, the employment situation should start to bottom out in September or so.

Assuming the economy doesn't shit itself again, and it very well might...

[Dr.Phool]

16. There ain't enough Imodium to stop these shits.

Nobody but Cramer and Kudlow think there will be a recovery this year. The other shoe that's just starting to drop, is commercial real estate. That's going to make sub-prime look like a boom.

[ShortnFiery]

7. BFD. Where's my LABOR Cable Channel? MOST of us have more in common with working stiffs that the

masters of finance on Wall Street. :(

[PBS Poll-435]

10. Pretty exciting to see positive and encouraging data in the housing sector

Hopefully the initial jobless claims report will show another drop when it is released by DoL later this week.

[Jennicut]

11. Does the market going up usually precede the economy getting better?

All the jobs losses are still there. Just like to see everyone's 401k's go up but what a bunch of aholes.

[backscatter712]

13. Yeah, the market tends to lag behind.

Historically, the job market starts to recover about six months after the stock market starts recovering. And since lately, the economic recoveries after recessions have tended to be jobless recoveries, count on it being longer.

[Dr.Phool]

15. That was in the past, before you had hedge funds manipulating.

These wild gyrations are not indicative of a normal market, and only a few entities have the means to make it fluctuate like that. Hedge funds, sovereigns, and a few private equity funds.

[Hansel]

17. However the stimulus package could shorten that up.

There should be significant hiring related to the infrastructure projects states have just received money for.

Anecdotal evidence I've seen is that the company I work for, which has been in a hiring freeze for 4-5 months now, has hundreds of job openings just for our area and is hiring externally again.

[Jennicut]

19. That is good news about your company.

The stimulus money was really needed. It will be coming over the next year or so. Nice one Rethugs. We would be going into such a hole without it.

[4lbs]

18. I lost some on my AIG stock I purchased earlier in the week, but I may buy some more at this new

lower price to dollar-cost-average it at a decent level.

My other stocks are doing decently.