market likes Obama's stimulus idea's

[Angrycat]

Quote from Mav88:

Heck. Building roads, schools, fuel efficient cars and buildings, and a technology infrastructure is at least as productive (much more so) than building bombs and dropping them on a country to destroy their infrastructure ... and then giving them hundreds of billions of dollars to rebuild it. My vote is for the Obama plan.

then why did WWII take us out of the great depression?

sorry, but just as the obvious simplistic answer is wrong in trading it is also wrong in economics.

We spent in two months on bailouts more than we spent in 5 years of war, and for what?

Actually, WWII did not get us out of the Depression. All it did was soak up unemployment, but no economic growth occurred until after WWII, when the economy was liberalized from the strangulation of some of the New Deal's policies.

Another fact: the market rallied after FDR was elected in 1932. That was followed by 10 years of stagnation, negative net investment and double digit unemployment.

 

[richrf]

Quote from Angrycat:

Actually, WWII did not get us out of the Depression. All it did was soak up unemployment, but no economic growth occurred until after WWII, when the economy was liberalized from the strangulation of some of the New Deal's policies.

Another fact: the market rallied after FDR was elected in 1932. That was followed by 10 years of stagnation, negative net investment and double digit unemployment.

Yes, stagnation occurred because there was a similar debt/GDP ratio during Hoover's years that had to be worked off, (and it takes time), and there was the same huge gap in wealth distribution, meaning the rich were getting richer and the middle class was getting more in debt.

But that would be where the effects of "free market" economy ends. Rather than strangulate the economy as Hoover did, and other Right Wing ideologues would like us to do again now, Obama is going to flood the economy with projects that are worthwhile and will put people back to work. It is not perfect, but after a huge binge party, there is no perfect way to wake up in the morning.

 

[SCNinvestor]

Quote from gnome:

I think you're wrong. More evil, just a different face.

Yeah, I think that's a baby face. All babies look like angels but you don't know what hides inside them!

 

[AMT4SWA]

Quote from AMT4SWA:

Hit 20 point targets at 897.50's for the 917.50 entries......holding all 918.50's for tomorrows action. EU session tonight may start to fill some of todays gap......cool!

Today I covered 33% of my ES SHORT 918.50's at 878.50 and another roughly 17% at 868.50.....holding last half of my ES short position for another 17% of position cover at 818.50's (damn....may get them soon :eek: ). After 818.50 level is tagged out I will hold the last 33% of my 918.50 entires for trading back in the 700's or below! (as rolled over positions to the new contract)

Market does NOT like ANYONE'S ideas right now!!! :eek: