Wall Street surges as US recession declared over

[sgreger1]

Bush raised the terror level. Obama did nothing. I fail to see the comparison.

This group declared the recession over.
National Bureau of Economic Research
http://www.nber.org/


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http://news.moneycentral.msn.com/bri...ockTicker.aspx
Market Report: Stock Ticker

September 20, 2010 -- 4:30 PM ET

Moving the Market

S&P 500 extends gain as it pushes past technical resistance
Overall news flow is light, but M & A activity continues
FOMC statement looms
NBER declares that 18-month recession ended in June 2009

Sector Watch

Strong
homebuilding; home furnishing; household appliances and housewares; consumer electronics; electronic components; broadcasting; education services; consumer finance; industrial REITs
Weak
paper products; forest products



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Joe, Obama was a nobody minority who suddenly came to power overnight. Do you know how hard that is to do in America? How do you think it happened? Because he has a lot of rich backers and financial intirests who stand behind him. The president can fake intelligence and convince the entire world that WMD's exist in a place where none exist, they can cook up anything. If you think it is beyond the scope of the rulers of this country to affect the markets for a few short weeks period prior to the elections, you are incorrect. Guarantee this doesn't last. I'm on record saying it.

[sgreger1]

Joe, Is this the first time they dclared the recesion over? No it is not. Remember Biden declaring this the recovery summer? Dude If you truly believe this shit, I've got the proverbial bridg to sell ya........

This is what i'm saying. It's like whenever Bush needed a boost in support for a few weeks they would release a bin laden video making scary threats or raise the terror level, Obama's people just do it by constantly declaring the recession is over.


Bush had his "mission accomplished" moment, and Obama has his "the recession is over" moment. It's all the same strategy.

[texastorm]

Wow thank God its over, I can hardly wait to start spending money again.

When are they sending my government profit sharing check? Yay we are rich again!

~Reality is for people who can't handle politics or was that drugs... hmm either way.