Draghi just put a floor under the market, hmm

YES!!! My point exactly. If the FED(s) print and the market goes up don't fight it.

 

Oh and Obama is not a drooling idiot, r u that naive?

 

Lol, u r biased. Read your post again.

 

It also did in 2000. So 2 out of the last 3 elections, the market went in the tank and you are calling people idiot's again.

Of course, you're also a pussy who has put half of this board on ignore.

 

Matter of opinion.
As to the economy tanking, we'll reconvene after Sept 15. Somehow I doubt that experience is going to be repeated.
Even Geithner, corrupt and spineless as he is, is no match for the sheer stubborn stupidity of Hank Paulson.

 

It did most of the tanking in Sept/Oct '08, when it was clear that an inexperienced narcissist, who was 10X more of an idiot than Bush, was about to receive the nuclear football and purse strings.

We've deserved everything that's happened since...including the 8%+ unemployment he promised would never happen once his spendulous passed.

 

Just to re-iterate since nobody seems to be paying much attention.

The market crashed in early 2000 "an election year". The market collapsed in 2008 "an election year". So, 2 out of the past 3 election year's have resulted in market "turbulence", yet there's "no chance" of it occurring again.

 

Fake rally my ass;

If you are long - the money you are making is real

If you are short - the money you are losing is real

eta; at least for today... tomorrow, who can say


You, on the other hand - Hmmm

RN

 

Aw shucks I guess you're right. When the tape you read makes no sound except the cha ching of green then you know you are ready Grasshopper...

 

This article just appeared on cnbc about an hour ago....this is just way to amusing, how long can they keep this up for, just come back to this article in a few weeks or months and remember what was said here....

"A TURNING POINT FOR THE MARKETS" HAHAHAH

US is still relying on QE and Trillions in worthless green, on top of that China is slowing and when China slows the ENTIRE world slows so dont think a few words is a turning point for the markets, this financial crisis is going to be here for decades. DO NOT worry about missing the rally, this market can rally for 4 straight years and I could guarantee that you could still buy Dow 10,000 in 2020!!! DO not fall for the hype, the economy is broken and anything they will try and say and do to fix wont work. There is no turning point for this market, these articles are written to make you believe there is a turn around...




Could Draghi Mark a Turning Point for Markets?
CNBC.com | July 26, 2012 | 11:37 PM EDT

Bold comments from the European Central Bank (ECB) President Mario Draghi that the ECB will do “whatever it takes” to protect the euro zone from collapse are raising hopes that risk appetite could return to markets beaten down by the debt crisis, analysts told CNBC on Friday.

“The key is that he (Draghi) is now clearly recognizing the problem and that it is within the mandate of the ECB to fix it. In fact Draghi is starting to sound a bit like (Federal Reserve Chairman) Ben Bernanke, which is a good thing,” said Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital in Sydney.

“They (Draghi’s comments) could be the potential turning point to the crisis that has been going on in Europe since May 2010,” he added.

Draghi’s pledge to preserve the euro brought relief to the financial markets; the euro [ EUR= 1.2287 +0.0006 (+0.05%) ] strengthened above $1.23 for the first time in two weeks after his comments, yields on Spanish and Italian bond fell sharply and equity markets are higher on Friday.

But how long will the optimism last?

In December, the ECB acted to sooth volatile markets by launching a program that created more than 1 trillion euros of liquidity for the region’s cash strapped banks. That bought three months of calm to financial markets before the volatility returned: this week markets have been rattled as Spanish bond yields jumped well above 7 percent, while ratings agency Moody’s dimmed its outlook on Germany.

The key for markets now is that the ECB backs up its rhetoric with action such as resuming its sovereign-bond buying scheme – the Securities Markets Program - that has not been used for months, analysts say. This could bring risk appetite back to the markets, they added.

“The thing is we have to see some decisive action so we don’t see that this (Draghi’s comments) isn’t just another series of hot air,” Jonathan Barratt, Founder of Barratt’s Bulletin told CNBC Asia’s“Squawk Box”, adding that expectations of action from the ECB were underpinning gold prices.

Coordinated Policy Action?

Michael Gayed, Chief Investment Strategist at Pension Partners, told CNBC that any action by the ECB could even be the start of a coordinated drive by global central banks to kick start weak economic growth.

“If the ECB starts to act, it will provide cover for the Fed, for many other central banks to step in,” Gayed said.

“So while there’s a lot of rhetoric about this idea that Draghi may not have enough bullets, expectations wise, if you have global shock and awe, risk appetite really can come back,” he added, referring to possible easing by central banks around the world.

The U.S. Federal Reserve meets next Tuesday and Wednesday, while the ECB and the Bank of England are due to hold their monetary policy meetings on Thursday.

“There’s a high prospect the Fed could announce quantitative easing next week and then the ECB may take some action – some people might say that is coordinated,” said AMP Capital’s Oliver.