Comments on: AP CPI Story Paints Gloom and Doom; Market Reaction Is Opposite http://www.bizzyblog.com/2008/06/13/ap-cpi-story-paints-gloom-and-doom-market-reaction-is-opposite/ The Business End of the Blogosphere Tue, 16 Mar 2010 06:09:27 -0700 http://wordpress.org/?v=2.8 hourly 1 By: TBlumer http://www.bizzyblog.com/2008/06/13/ap-cpi-story-paints-gloom-and-doom-market-reaction-is-opposite/comment-page-1/#comment-122830 TBlumer Sat, 14 Jun 2008 15:37:27 +0000 http://www.bizzyblog.com/2008/06/13/ap-cpi-story-paints-gloom-and-doom-market-reaction-is-opposite/#comment-122830 #1, I'm basing my take on the SmartMoney assessment that the Dow went up for the very reason AP was so gloomy -- nothing more, nothing less. #1, I’m basing my take on the SmartMoney assessment that the Dow went up for the very reason AP was so gloomy — nothing more, nothing less.

]]> By: The Reverend http://www.bizzyblog.com/2008/06/13/ap-cpi-story-paints-gloom-and-doom-market-reaction-is-opposite/comment-page-1/#comment-122829 The Reverend Sat, 14 Jun 2008 13:31:35 +0000 http://www.bizzyblog.com/2008/06/13/ap-cpi-story-paints-gloom-and-doom-market-reaction-is-opposite/#comment-122829 I'm not sure what you're trying to say here. Gasoline is high and unemployment numbers are rising. If you are basing your observations on the DOW, what do you say about the 400 point drop last Friday. What do you say about the DOW being down from 14,100 to 12,100 now? Would that be a good sign, somehow? Americans aren't so foolish that they don't realize when things are going poorly economically. The foreclosure problem hasn't hit it's peak yet and gasoline is supposed to rise to close to 5 dollars by end of summer. How that isn't bad news is beyond me. I’m not sure what you’re trying to say here. Gasoline is high and unemployment numbers are rising. If you are basing your observations on the DOW, what do you say about the 400 point drop last Friday. What do you say about the DOW being down from 14,100 to 12,100 now? Would that be a good sign, somehow?

Americans aren’t so foolish that they don’t realize when things are going poorly economically.

The foreclosure problem hasn’t hit it’s peak yet and gasoline is supposed to rise to close to 5 dollars by end of summer.

How that isn’t bad news is beyond me.

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