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Subscribe to RSSStocks rose at midday on Wall Street Wednesday as European leaders were set to meet about resolving the region's debt crisis.
But the gains in the major indices were stifled by data that showed retail sales barely limped along in August. The Commerce Department reported that retail sales grew a tepid 0.3 percent last month, unchanged from July. The July reading was itself revised down to 0.3 percent from 0.5 percent.
The leaders of France, Greece and Germany were set to meet Wednesday to discuss how to fix Greece's debt crisis and help the country avoid a crippling default.
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Pile it in there boys and girls, the uber rich need to make their vacation home payments and the money needs to come from somewhere.
Like I said years ago when Day Trading got started....this will not end well.
Down yesterday because Europe may collapse.
Today yee-ha, ride'm cowboy, we pumped the market and making really big buck.
Sickening ! ! ! !
The Europeans are trying to save their banks, rich people, and EU. The Greeks are going under one way of another, their economy is shrinking, they will never get out of the hole the EU, Germany, and France are digging for them. I have some contact with Greek universities, the staff has not been paid for months, the whole structure in Greece is falling apart. It would be better for the Greeks to default and for the rich to lose some wealth than to let the country surrender to years of depression.
Why do we give a crap what happens to greese, we have our own problems.
We have a global economy...Wages are 10 cents per hour in china..They need to be the same here to compete... No health care insurance=no service..
We need to end all Gov employees benefits..They are tax payer funded..Lets stop kicking the can...
Are we ending all goverment employees also?
How did things in Europe go from bad to great in 2 days?
The Stock market is the Wall Street casino!Place your bets.Watch tomorrow,it's back in the Crapper!
I give it two weeks. We'll call this show "extreme pump and dump"!
Yes your right gloria, tomorrow it will fall 200 points. It makes no sense at all ,up one day, down the next, up the next day, down the next.
Correction: Stocks edge higher as manipulators scoop up bargains.
Good. Now we're back in the real world.
Wow! Talk about a phony day on Wall Street!
Let's see now:
WB pumps bilions into GE during the height of the financial crisis.
GE buys MSNBC 6-12 months ago, by the way, what exactly is the difference between MSNBC and CNBC.
WB pumps 5 billion into BOA 2 weeks ago. BOA dumps that 5 billion into several of BRKs stock holdings today.
BOA just happens to be the specialist on GE and many of BRKs companies.
DJnewswire puts out 2 announcement today by 1:00:
1. that GE received a 1 billion dollar order for turbines at yearend. (hmmm, year hasn't ended yet, must mean last year).
2. that GE is about to pay WB back all the money they owe him. (hmmm, all brk holdings rose dramatically, between 1:13 and 2:20 pm.
I have 3 shells, can you tell me which one the little ball is under?