Dow surges past 8000. Where's Splum?
 

:1orglaugh:1orglaugh:1orglaugh

The Q is. Who cares where he is?

Some people who lost a shit load of money a few months ago with the right planning will make it back and more.

He is busy fashioning his tin foil hat, putting on his anti-government horns all awhile completing the Rubik'e Pyramid with his middle toe and earlobe.

I just figured that since Obama was to blame for the 300 point "crash",(according to Splum) that Splum would be in here congratulating him on his outstanding work of making the Dow rise 1000 points since then.

Bump for that prick splum

why would you want to encourage the guy?????

This is a very dangerous market. It trades almost entirely on sentiment, not fundamentals. On any day, the market can turn on a dime.

Hes on ffvb ignore, where else?

Obama had nothing to do with the bump today (except that he was out of the country) - it was entirely do to changes in accounting regulations.

and granted, while he cannot be blamed entirely for the drop, his rhetoric going back for the past 14 months did not help investor sentiment.

But on even more important news, the jobless rate continues to climb at alarming rates. Anothere 670,000 new jobless claims LAST WEEK!

There is a saying in the markets, 'beware of a the dead cat bounce' meaning, even a dead cat will bounce if it falls far enough - but that doesn't change the state fo the cat, its still dead.

..................


WASHINGTON--U.S. accounting rulemakers on Thursday agreed to make adjustments to its proposal to change mark-to-market accounting rules concerning when transactions would be considered distressed.

The Financial Accounting Standards Board said its proposed changes would take effect in the second quarter for most U.S. companies, but early adoption would be allowed for most companies' first quarter.

The board, at a meeting in Norwalk, Connecticut, said it would remove a presumption in its original proposal that would have allowed all transactions in an inactive market to be considered distressed unless proven otherwise. It said that particular language could have had unintended consequences.

FASB also said the objective of mark-to-market, or fair value accounting, in inactive markets would be to determine what an asset could fetch in an "orderly" transaction between market participants. It said an "orderly" transaction would not include distressed transactions or fire-sales.

The board is continuing discussions on the rule and another rule on other-than-temporary impairment issues that affect when writedowns have to be taken on financial assets that have suffered a decline in value.

Damn it is again Obama fault,damn that bastard he doesn't do anything good.Oh wait this is actualy good :D :D :D

That guy is a fucking lunatic.

Not that I side with some of Splums beliefs, rants, etc. some of you people make me laugh. This whole thing is just like the gas situation. They jacked the prices on us for so long that when they cut that hike back by half people have convinced themselves that the new lower price is good, EVEN THOUGH IT IS STILL WAY HIGHER THAN WE WERE PAYING 2 OR 3 YEARS AGO. They did nothing more than set a new price and convinced us to be happy about it by scaring people with the initial spikes.

This is going the same for wall street right now. Look over the 6 month period and you tell me the market is on a roll. 85 to 90% down days versus the 10% up trend we are seeing right now doesn't mean shit. YET! When I see the market stabilize and showing positive numbers for more days than negative ones I might then allow myself to believe things have a chance of actually improving.

:2 cents:

Getting the news from GFY... Gotta love it. Had to go to CNN to confirm. But thanks. Hadn't seen that yet. Come on baby!

When it passes the all time high of over 13k that happened during GWB's error we'll all do a jump of joy, but until then, this is good news, but nothing to do any Obama back patting yet. lol

You guys think this 'surge' has anything to do with Obama.... LOL

All my stocks were up today :)

it made my dick hard when the closing bell rang

It doesn't have anything to do with Obama. That's the whole fucking point.

And IF you're one of those people who's going to come in here blaming Obama every time the market drops, then you should be in here giving him props when it goes up.

I'm just pointing out the lunacy and hypocrisy in blaming temporary stock market drops on the President.

I love how you think there's this "they" group of people who are pulling the strings and controlling the price of everything.

FWIW, oil prices were due for a rise, they had been flat in dollar terms for decades, and in real terms had actually dropped slowly for decades. (99 cent gas in 1980 and in 1995)
The only reason they're in the $2 range right now is because the recession has dampened demand. Once the economy picks back up, upward pressure on oil prices will resume.

Also, this is a 4 week surge in the market, not a one day bump....again FWIW

The market can't be trusted, because the root problems of the american economy still exist and haven't been addressed, not can they be addressed on a time scale of months.

The investor class is a pack of emotional ninnies. We could just as easily face more steep drops as steep rises. All that would prove is that the investor class are sheep.

However, whiney little backstabbing bitches like splum and all these turncoat no-ideas republicans can be counted on for only one thing - girlish whining.

One thing you'll never see from a republican is taking responsibility.

I am starting to think GFY is declining in intelligent posters and debate. This is the second time one of my posts was not understood or taken out of context. Maybe I should use fewer words and include pictures.

1. Where did I say there is a "they" controlling the price of "everything"? I am talking about ONE, get that? ONE item... GAS! And yes, someone does control the pricing on that, it doesn't just do it on its own.

2. I never said they weren't due for a rise. But it didn't rise, gradually or otherwise. It skyrocketed.

3. I don't recall saying the market HAS NOT had a surge recently. Did I? I merely stated, like the gas analogy, the Dow is nothing to be jumping up and down about. YET! Remember that part of my post? When I said YET? Did you also happen to read where I said this surge is nothing really compared to the down turn over the past 6 months to a year. You do realize the Dow was at 14,000 a year ago.

So again, when we see more than 1 month of a good market I will believe that things are about to "change" And I, as you, don't think President Obama has or had anything to do with it. I mean how can a man who had a mere 2 years experience in the govt before becoming the president have that kind of power.

Up today, down tomorrow, down some more and back up again to build some hope and shut the people up only to crash again.

I hope none of you really think this is going to continue to go up? We are in for a long and bitter ass fucking before it even starts to get better.

hahahaha!! maybe hes grounded

The Splum's of the world only go on the attack when there's a downward spiral that supports their political agenda. Hypocrites, all.

He'll be back when things again take a downturn.

Yeah since you started posting here anyways.

You said, and I quote "This whole thing is just like the gas situation. They jacked the prices on us for so long that when they cut that hike back.........This is going the same for wall street right now"

Those were your exact words, but somehow my intellect is questionable when I call you on thinking there's a "they" out there that controls prices and markets?

Whatever.

Nice try on the Obama dig at the end too, as if the constitutional powers of the Presidency are on a sliding scale based on what you did before you were President.

Idiot.

Hahahaha....his mom took away his iPhone so now he can't post between classes and from the school bus.

I never said there was a "they" that controls the prices and markets on wall street... You got me mixed up with a NWO nutter. THEY was in reference to the gas and oil prices. Get a clue and quit trying to twist my words.

Since you can't comprehend what you read or fully realize an analogy (look the word up if you don't know what that is), I took the liberty of drawing a picture for you.

http://www.tnacash.com/examples/picture.gif

Hope that helps... :disgust

temporary fix, permanent problem

And for curiosities sake, did anyone else have trouble understanding my analogy and original post?

I could allow for the fact that maybe I didn't make it clear, but not sure how I could of said it any different.

I assume this was supposed to say "era"? Talk about a slip! :1orglaugh

:2 cents:

honestly dude, I could give a shit about your previous posts.. I started reading when I saw Lenny replying to you, I love reading his verbal diaherra

:1orglaugh:1orglaugh:1orglaugh

Well let's see, you "could have" said it different, you even "could've" said it different, because even though that's not a real word, it's still commonly used in speech. However, I don't think you "could of" done anything, since those two words don't go together that way.

If you're going to call people dumb and tell them to look up words they don't understand (big intimidating words like "analogy" no less) you really shouldn't write like a retarded illiterate in the very same thread. Otherwise that whole pot and kettle thing becomes a problem.


Hey OG, fuck you too.

WTF is Diaherra? Sounds like a sea animal, a cross between a diamond fish and a herring. :1orglaugh:1orglaugh:1orglaugh

Splum is hanging out with his boyfriend, Barney Frank... they are tossing salad together.

im hoping fukin gas is fazed out

:1orglaugh

Ya it was.... Freudian slip? Hard to say, but made me guffaw when I just reread it lol :winkwink:

I think we've just unearthed some deep subconscious feelings. I'm sure that feels much better! Is there anything else you'd like to share? If not, I'll have my secretary send an invoice your way. :1orglaugh

:2 cents::2 cents: