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Remember how the New York markets were expected to tank this morning, much as the Asian and European markets did, on news of the North Korea nuke launch? The breaking financial news was mixed — on the one hand, consumer confidence is up, but on the other, housing prices are still dropping though not as sharply month-to-month — and would not have been enough by itself to arrest the massive sell-off that was in the making.
The opening dithering of the Dow in the first shows this sort of hesitant sluggishness. But then, shortly after 10:15 am Eastern, the Dow took off like a rocket, and the other markets took off with it, zooming to a 200-point gain. (See the Google screen grab in the upper left-hand corner.)
What happened at 10:15 am Eastern Daylight Time? Why, the Sonia Sotomayor announcement, that’s what. Rush Limbaugh and Mike Huckabee might not like "Maria", but the markets apparently do.
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Causality is suspect.
This is more probable
Hahahaha, really? Maybe someone should look at the consumer confidence report from this morning… might have something to do with that.
Jane, I can’t believe you allow this on your site. This is a ridiculous article and an embarrassment to your credibility.
I think you need reset your snark meter. Or don’t you remember Boss Limbaugh and Co. blaming Obama for the(at the time) crappy markets.
Eh, who knows what affects the damn markets. It may as well be the Sotomayor thing as anything else.
Limpy is thinking hard to figure out how to spin this as being caused by the Republics.
Was at a mall last weekend and it was dead dead dead. Sears was especially dead, though there were some great sales (Lee relaxed fit jeans @ $21/pair, which I couldn’t pass up).
I guess all the worry about a 4th rate power testing bombs was just another scare tactic, although John Bolton did his best to frighten everyone in his NYT o-ed today. There he worries that the US cannot win an arms race if we ratify a 15-year-old treaty to ban nuclear testing, neglecting to mention that no one else on the planet — and definitely not the Russians — cares about racing the US in arms production or thinks it’s good economics to devote more your GDP to military spending than the rest of the world combined.
So Bolton recommends on Fox News that we boot N. Korea out of the UN, but booting Bolton out of the UN didn’t shut him up or make him go away, so what’s the next plan?
Guess he just felt safer with Ace Diplomat Condi Rice on the job.
Kindly remove tongue from cheek, Phoenix Woman; it’s not apparent enough for some of us. ;)
“Maria”, huh? Maybe we should start calling all white,Republican males “Dick”.
I am so grateful that my folk did not want me to be a “Dick.” (says Richard)
I’m not sure that the Republics will shrink down to be just Cheney, but it is a nice thought.
I didn’t know FDL was trying to be the onion now…
Maybe next time you’re trying to be funny write something….you know..actually funny?
Something funny…you know…actually funny…like teh Colbert Report, which wingnuts apparently take seriously. ;)
It’s different when your “news” is on a channel called Comedy Central, as opposed to a blog such as FDL….
One of the commenters here sent a letter to a Harvard Law professor yesterday citing articles from FDL… Today FDL posts what many are claiming to be a satirical article? (although, I still think the author just had the blinders on when looking at a chart)
Look down the drain, it’s FDL’s credibility down there somewhere…
you should give up digging while you’re only 3 feet deep. it’s never funny to the one who didn’t get the joke.
your 16-in part-
to a Harvard Law professor yesterday citing articles from FDL… Today FDL posts what many are claiming to be a satirical article?
wonder if ‘the harvard law professor’ ‘got’ it. probably.
(what i typed in here was) redacted by user.
So not knowing the difference between your and you’re would make you what, 14?
The article isn’t funny, not even close, and even if it was intended to be it should not be on FDL’s front page.
Off thread warning:
You really got a biodiesel vw? Any mods to car?
Link? Diary we can review?
Punked. I’m shamed! Missed the snark.
Maybe we should start calling all white,Republican males “Dick”.
way ahead of ya…..
ummmmmmm first, oh look, you made a ‘funny’…
i said your 14, meaning ownership, meaning your comment. ‘in part’ meant i was partially quoting ‘your #14 comment’…..
you’re 14, was all you or yours and your keen interpretive abilities….i did not say. i didn’t go there. and wouldn’t have. you did.
there ya go reading into things again.
seems you’re just destined to keep digging and to keep misunderstanding what people are saying today. i’ve had days like that, too.
i’m regretting trying to ‘lighten’ you out of that hole you’re in.
sorry to disturb you, seems you like where you are just fine.
good luck with that.
later pups..bbl
not a party-exclusive kinda word entirely.
bbl
As much as I appreciated Obama’s choice for the court, it is a stretch by more than a mile that this announcement had anything to do with the markets rising. The actual reason was none other than pure manipulation of the S&P futures by the PPT. This was done in order to cover the lousy news that year to date housing prices had fallen another 18% and foreclosures are running higher with each reporting cycle. Did anyone find it odd in financial land that this news was buried by the MSM?