Meanwhile, on the Economic Front

[naive]

Nothing but positive news..

Wall Street rose on Thursday, with the S&P 500 climbing to a five-year intraday high, on improved housing and jobs data along with better-than-expected results from online marketplace eBay (EBAY).

The data showed the number of Americans filing new claims for unemployment benefits fell to a five-year low last week, while groundbreaking for homes rose to the fastest pace in four years last month.

Strength in the housing and labor markets is key to sustained growth and higher corporate profits. Job market improvement helps stimulate consumer spending while a recovery in housing means more purchases of appliances, furniture and other household goods as well as a source of employment.

http://finance.yahoo.com/news/future...3Rpb25z;_ylv=3

[soulflower]

Things seem to be looking up

[flyboy56]

Deficit/Stimulus of $1.2T annually will stimulate the economy and increase investors holdings which they can use in the stock market. Take away the stimulus and see what happens to the market. That's right, obama doesn't want to cut spending which is where the $1.2T comes from. Clueless.

[ms maggie]

Deficit/Stimulus of $1.2T annually will stimulate the economy and increase investors holdings which they can use in the stock market. Take away the stimulus and see what happens to the market. That's right, obama doesn't want to cut spending which is where the $1.2T comes from. Clueless.

Really? So why take away the stimulus? Short term employment is critical to getting economy back on track. You won't ever get deficit in line with a sluggish economy.

[flyboy56]

Really? So why take away the stimulus? Short term employment is critical to getting economy back on track. You won't ever get deficit in line with a sluggish economy.

And at what point do we accept that it is not working? We are gamblers who really believe our luck will change if we keep throwing the money down on the table. In the long run it would be better to let the market make the correction rather than have government interfere only making it worse when we finally do have to say enough is enough. How much debt is enough? 17T, 20T...the way we are going we will be at 20T+ in 4 years. This is our children's and their children's and their children's debt. We worry about the kids getting shot but not one word from so many about the debt and unsafe future circumstances it is creating.