Tag Archives: stock market

Two Trillion Dollar Stimulus Brings Back Bull, For Now

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The Senate passed a two trillion dollar stimulus bill Wednesday night. And the Dow lurched forward 6.4% on Thursday. And that followed an 11% bump from the day before. But the 401k party was over by Friday and it was still down over 20% for the year.

Seismic Stats

As Libyan rebels stormed Gadhafi’s compound, the Dow soared over 300 points, President Obama dropped to a 38% approval rating, and the East Coast registered a 5.8 on the Richter.

Downgrade Meltdown

The president appeared on TV today – 5o minutes late – to calm the markets in the wake of the S&P downgrade on US debt.  He proclaimed that the United States always has been, and always will be, a Triple A country. Then he resolved to raise taxes.  The Dow tanked 635 points.

Man of the People

The president celebrated his birthday in style while the stock market suffered its worst week since March 2009. Here’s an exchange between ABC’s Jake Tapper and press secretary Jay Carney over the collapsing stock market on Thursday.