Dow adds 300 points in a single day

Biggest single-day gain in over a year. I thought we were going to hell in a bucket?

Dow surges 308 points on 'fiscal cliff' deal

By Andrew Tangel

January 2, 2013, 1:40 p.m.
NEW YORK -- Investors poured back into the stock market in the first trading day of 2013, in a rally seen as a sigh of relief that President Obama and Congress were able to avoid going over the "fiscal cliff."

The Dow Jones industrial average surged 308 points, or 2.4%, to 13,413. Wall Street followed surges in European and Asian equities markets after Washington's last-minute fiscal deal.

The broader Standard & Poor's 500 index rose 36 points, or 2.5%, to 1,462. It was the S&P's best first-trading-day jump since 2009, according to Howard Silverblatt, senior index analyst for S&P Dow Jones Indices.

The technology-heavy Nasdaq gained 93 points, or 3.1%, to 3,112.

Though Washington may have avoided a stalemate that many observers say would have led to a recession, political leaders put off decisions over broad spending cuts in military and social programs to reduce the country’s long-term deficit.

“They turned off the bomb,” said Sean Kelly, head of equity trading at Knight Capital Group. “There’s still danger in the whole thing, but as of right now, there’s no immediate danger.”

Link (for bimmerfan) http://www.latimes.com/business/mone...,4090803.story

It's Obamas fault!

Won't last. Lets see what happens in two months

Thanks Obama.

Originally Posted by mdyaman

Won't last. Lets see what happens in two months

Ding Ding Ding!

Originally Posted by Swish

It's Obamas fault!

nah bush and co did it.

Given the uncertainty of an election year, the Dow has been on a steady decline since fall. Naturally it would jump after hearing the first decent news in months. Still have some work to do.

Originally Posted by mdyaman

Won't last. Lets see what happens in two months

Yeah, Repubs certainly can't let this intolerable rise of the DOW under that Muslim/Marxist/Kenyan/Alien Obama go unaddressed -- queu in for yet another round of GOP fiscal hostage holding and brinksmanship when the Debt Ceiling rolls around again in a month or two, that should cure this intolerable economic rise under aforementioned Muslim/Marxist/Kenyan/Alien.

Originally Posted by Rhumb

Yeah, Repubs certainly can't let this intolerable rise of the DOW under that Muslim/Marxist/Kenyan/Alien Obama go unaddressed -- queu in for yet another round of GOP fiscal hostage holding and brinksmanship when the Debt Ceiling rolls around again in a month or two, that should cure this intolerable economic rise under aforementioned Muslim/Marxist/Kenyan/Alien.

Dimg ding ding!

Originally Posted by Rhumb

Yeah, Repubs certainly can't let this intolerable rise of the DOW under that Muslim/Marxist/Kenyan/Alien Obama go unaddressed -- queu in for yet another round of GOP fiscal hostage holding and brinksmanship when the Debt Ceiling rolls around again in a month or two, that should cure this intolerable economic rise under aforementioned Muslim/Marxist/Kenyan/Alien.

You are ridiculous

Originally Posted by Green_Shine

You are ridiculous

He's spot-on with that assessment.

Originally Posted by Lair

He's spot-on with that assessment.

You guys are weird.

Originally Posted by Green_Shine

You are ridiculous

You're in denial. His remarks may not extend to everyone in the GOP or their fan-base, but it certainly reflects reality for some... dare I say many?

Originally Posted by casino is no lie

You're in denial. His remarks may not extend to everyone in the GOP or their fan-base, but it certainly reflects reality for some... dare I say many?

I would say any blanket statement can be made about anything than..It is ironic how one spews hatred about another groups hatred, it only makes that person look uneducated. Doesn't really strike a chord with anyone, people just wish that person would go away.

Originally Posted by Green_Shine

I would say any blanket statement can be made about anything than..It is ironic how one spews hatred about another groups hatred, it only makes that person look uneducated. Doesn't really strike a chord with anyone, people just wish that person would go away.

There is a difference between constantly exaggerating the truth while believing it and occasionally doing so as a means to emphasis an absurdity that is indeed true for some... dare I say many?

Originally Posted by casino is no lie

There is a difference between constantly exaggerating the truth while believing it and occasionally doing so as a means to emphasis an absurdity that is indeed true for some... dare I say many?

Like I said earlier, true for everyone.

Originally Posted by Lair

Dimg ding ding!

Your spelling sucks and yet the correct spelling was but a few posts above yours. :p

Originally Posted by Rhumb

Yeah, Repubs certainly can't let this intolerable rise of the DOW under that Muslim/Marxist/Kenyan/Alien Obama go unaddressed -- queu in for yet another round of GOP fiscal hostage holding and brinksmanship when the Debt Ceiling rolls around again in a month or two, that should cure this intolerable economic rise under aforementioned Muslim/Marxist/Kenyan/Alien.

Don't be ignorant and generalize. You have many years on me. I would expect your wisdom to reflect that.

Originally Posted by bimmerfan08

You're spelling sucks and yet the correct spelling was but a few posts above yours. :p

His spelling sucks and you're grammar sucks.. Big deal!

Originally Posted by sammk

His spelling sucks and you're grammar sucks.. Big deal!

Damn just saw that.

I blame my phone.