General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDow up over 200 points and Toronto stock exchange up 140 points Obama effect?
Toronto stock market jumps 150 points, ECB moves to bring down borrowing rates
TORONTO The Toronto stock market registered a solid advance Thursday after the European Central Bank announced a program to buy government bonds in order to lower the borrowing costs of countries that have been the most badly affected by the European debt crisis.
WCGreen
(45,558 posts)they have the best way to measure new employment because they get the data right from the firms that use their services.
lovuian
(19,362 posts)NEW YORK The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent.
But on Thursday, the Dow Jones industrial average hit its highest mark since December 2007, and the Standard & Poors 500 index soared to its highest level since January 2008 in a rally that seemed destined to mark a milestone: American stocks have come almost all the way back.
take that Republicans
Honeycombe8
(37,648 posts)there was an Obama effect.
I think it became clearer to a lot of people that Obama is likely to win?
mother earth
(6,002 posts)Obama makes a helluva lot more sense & I think the stock market agrees.
Austerity is wrong, Greece knows that, the EU better catch on real quick.
jillan
(39,451 posts)But hey - the stock market was 6500 when President Obama took office
elleng
(130,861 posts)lovuian
(19,362 posts)the Spanish have been on the verge of riots ....Protestors went into stores and confiscated food for the poor
then the ECB decides to by the bonds
I think they realize Austere measures don't work Greece is still in terrible shape