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Stocks Go Absolutely Bananas for ‘Fiscal Cliff’ Deal
Stocks responded positively to Congress’ last-minute “fiscal cliff” budget deal.
“The Dow Jones industrial jumped 308 points to close at 13,412 Wednesday, the first trading day of the year. That’s the biggest gain the Dow has had since December 2011,” the AP notes. 
“The Standard & Poor’s 500 index rose 36 points to 1,462. The Nasdaq composite rose almost 93 points to 3,112,” the report adds.
Gains were incredibly broad. In fact, for every stock that fell on the New York Stock Exchange, 10 rose.
“Volume was heavier than the recent average at 4.1 billion shares,” the AP report concludes.
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Comments (66)
Netsurfer2
Posted on January 2, 2013 at 10:05pmNo debt ceiling and no end in sight for spending! I can picture it now, the debt up over 23 trillion an many will hold their heads in the their hands wondering why! Your property will be unaffordable because of the high tax rates, high cost of living and lower pay! Socialism at it’s finest! Many will flee in search of new freedoms! You voted for it America! What will you do when it all hits and the government stops giving? I only see more corruption while being sold down the river! There may be no choice but to abandon ship!
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Armyduderetired
Posted on January 2, 2013 at 10:23pmWe didn’t vote for shi! It’s a game man and you are playing wether you like it or not. You better get food and supples while you can find them because the day of reckoning is soon at hand. Thank you god for Jesus. Can I come home now?
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VoteBushIn12
Posted on January 2, 2013 at 11:48pm@ARMYDUDERETIRED
You can go to Jesus whenever you want. Put that gun to your head and squeeze.
I for one would rather save the sinking ship than poking holes in the hull and blaming the captain. You do you, I’ll do me, and if we’re lucky we’ll all come out of this as better people.
…Or you can go to Jesus. Doesn’t really matter to me.
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Distress
Posted on January 3, 2013 at 1:46amYou guys can’t abandon ship there are no others to climb on to. This ship is taking on water, run by a captain who has guns pointed at those people who are forced to bail the water out with no choice and desperately hoping that things will get better. The other crew members just sit and watch saying it’s not their fault and that they deserve to rest. The best hope we have is that when the ship sinks we can rebuild it. Keep faith, we will pull through in the end.
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Armyduderetired
Posted on January 3, 2013 at 3:54amVOTEBUSHIN12: Dude just looking at your title I can tell you that there is much for you to gain in the knowledge dept. I would assume that you understand that bush 1 and 2 are pretty much responsible for getting the country into the shape it is now. I say it like that because to a bunch of people in this country are perfectly fine with it. GW is responsible (or not) for the lose of half our bill of rights from the patriot act alone. HW is famous for his progressive (communist) speech ushering in the term New world order. Educate yourself my friend, or you will find yourself in a position that you wished you knew Jesus. As for telling me what to do….I’ll pray for you that you too can know the truth about The Lord. Good luck, (cause your going to need it)
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watashbuddyfriend
Posted on January 2, 2013 at 9:13pmWith all the crap with the fiscal cliff, the DOJ should be down below 7,000, and Gold uo near 5,000! Who is manipulating these?
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soybomb315_II
Posted on January 2, 2013 at 9:28pmtheoretically, stock prices should be immune to inflation – so maybe people realize that it is the best way to weather inflation. It’s too bad the stock market is designed to screw the small investors
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PoliticiansRCrooks
Posted on January 2, 2013 at 9:43pmIt’ll back fire harder though in time.
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revelation2012
Posted on January 2, 2013 at 9:13pmIf You can’t afford to LOSE ! IT be extremely careful with the ‘stock market’
goons on wall street have NO conscience about sucker punchin’ folks
lines their ‘pockets’ preps for crashes for the ‘big dawg’s’ buy ups
there have been many many warnings given on you tube,,, be prepared
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chicago76
Posted on January 2, 2013 at 9:02pmThe whole economy national economy is built on a crack addiction. The Great Obamazombie knows about drugs. Time to stop taking the crack.
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1TrueOne55
Posted on January 2, 2013 at 8:59pmAs with the law of gravity what goes up will come down and hard like a dead cat.
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soybomb315_II
Posted on January 2, 2013 at 8:41pmStock market and mega companies love inflation and easy money policies
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flipper1073
Posted on January 3, 2013 at 10:03amWeimar Republic Here We Come.
It’s Amazing that most people don’t see History Repeating It’s Self.
But Hey there are some on Here that still Think Communism is
a Great Idea. Even though it has Killed many more People than
Hitler ever did (not that I’m advocating for Facism either)
I Guess I just Like FREEDOM an LIBERTY too Much.
To Advocate for Government Takeover from Either Side.
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chicago76
Posted on January 2, 2013 at 8:31pmStock prices go up because they know the government will keep pumping printed money into the banks who will stash it in the stock market. The stock market has become just another government entitlement program. As our wages go down, stocks go up.
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Walkabout
Posted on January 2, 2013 at 8:50pmYou & soybomb315_II have nailed it.
Talk about the unions & the middle class aside, it as if they decided the American experiment is over & the oligarchs have decided the middle class is over.
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Shasta
Posted on January 2, 2013 at 9:17pmExcellent summation.
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Shasta
Posted on January 2, 2013 at 9:19pmWalkabout, you are right. They have all decided the experiment is over and it is time to cash in.
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barber2
Posted on January 2, 2013 at 8:07pmObama’s War on Capitalism continues….only an idiot can not see where this over spending will end. Obama is not stupid. Obama has ” an agenda.”
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FISH_BONE
Posted on January 2, 2013 at 8:21pmPosted on January 2, 2013 at 8:07pm
“only an idiot can not see where this over spending will end.”
Exhibit A: FREE_THOUGHT
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barber2
Posted on January 2, 2013 at 8:44pmFISH: Agree. Only a dedicated ” anti-capitalist ” ( wink, wink ) like Ayers or the other Chicago radicals could be supportive of the Marxist-in-Chief ‘s policies. How sad that Romney didn’t nail this bunch for what they all are.
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soybomb315_II
Posted on January 2, 2013 at 8:54pmYou guys think the stock market is in the tank for Obama? Or do you think the stock market loves the anti-Constitutional forces that control the Fed and drive deficits?
This article highlights the fact that we are dealing with forces that are not political – they are evil. And they exist in every part of your life…..Your company, your church, your family (maybe), and even your political party
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Fubared
Posted on January 2, 2013 at 9:06pmhttp://www.zerohedge.com/news/2013-01-02/fiscal-cliff-loose-ends
Comments section can be quite revealing, not like the soft core musings here…
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Hotconchick
Posted on January 2, 2013 at 8:00pmMust be the Last Hurrah???
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ForMyKidsVA
Posted on January 2, 2013 at 7:53pmWaaaaaaaait for it……..
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Walkabout
Posted on January 2, 2013 at 8:44pmIn the last 18 months stocks have rallied a 100 or 200 point only to fall again.
It is a little demoralizing to see this, but not unexpected. By June Bernanke will be talking up another QE to prop up the market.
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toomuchgovt
Posted on January 2, 2013 at 7:33pmAnd tomorrow it will drop to an all time low. I’ve never seen anything like this market, I’ve stopped trying to figure it out, it is too fake. It seems like a money laundering scheme.
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Racemosa7
Posted on January 2, 2013 at 7:57pmRepublicans promised: “We will ensure that bills are debated and discussed in the public square by publishing the text online for at least three days before coming up for a vote in the House of Representatives.
No more hiding legislative language from the minority party, opponents, and the public. Legislation should be understood by all interested parties before it is voted on.”
Source: CNS News
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chicago76
Posted on January 2, 2013 at 8:39pmIt is a money laundering scheme. The fed res and government are pumping money into the banks who, afraid to flood the market with paper, are pumping that money into the stock market. So when the government says it will continue printing, stock prices go up, people who love paper want more paper.
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TIMEBOMB
Posted on January 2, 2013 at 7:30pmYes you simpletons enjoy the illusion of prosperity,since I’m a Marxist I’m an expert at the art of deception and I’ve played you all like a fiddle. I’ve ordered Ben to print money until it’s worthless,when you can’t afford food I’ll sit back and watch the rioting and when it gets out of hand you’ll beg me to make it stop and I will,for a price. So enjoy while you can you suckers your day of reckoning is fast approaching.
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BODYBAG
Posted on January 2, 2013 at 7:42pmLOL. Thanks for adding the element of humor to an otherwise terrible situation
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Glennda
Posted on January 2, 2013 at 8:43pmMissed out again, eh Time Bomb?
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Fubared
Posted on January 2, 2013 at 9:10pmGlendaaaa is back; how soon for lights out at the “camp”? Glendaaaa, still awaiting your super special relating of Fallujah 2 if you haven’t had your “vitamins” for the night. I know we should keep things light and just whisper around you and not directly to you like the “staff” admonishes us to do, but that Fallujah 2 story has to be heard again. Come on GLendaaaa, tell us a story.
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paperpushermj
Posted on January 2, 2013 at 7:30pmI have been out of the market for some time now. I don’t understand it anymore.
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SpankDaMonkey
Posted on January 2, 2013 at 7:28pm.
Obama is a wonderful leader, look how good the country is doing………..
We should all get down on our knees and give thanks that we have Obama as the savior of our country……
Amen and Amen……..Obama 2016………….
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chicago76
Posted on January 2, 2013 at 8:42pmHe is the Great Obamazombie who rules over and is the only resurrected zombie who can talk and communicate with the other zombies and with humans. All hail the Great One.
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DougHuffman
Posted on January 2, 2013 at 7:26pmWell, not a scam, but not understood. What is the definition of a stockmarket price; it’s currency per share of company value. Invert the relationship to see that an increase in market price, without concomitant increase in market or company value is just INFLATION.
Try it with oil prices. $100 per barrel is one centi-barrel per $1. When the price per constant value barrel goes up, it means the dollar value in centi-barrels has gone down. It’s just inflation. Here it comes.
Remember Glenn Becks lesson from the Wiemar Republic journal, people ran to the market to buy with their Billion-Mark notes while they still had some value. Here it comes.
μολων λαβέ molṑn labé ΜΟΛΩΝ ΛΑΒE “From my cold, dead hands” works for me.
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sparkyrules
Posted on January 2, 2013 at 7:25pmPlay the game.Just be thankful and fortunate enough if you pull out at the right time.What goes up must must come down.The fall will be hard I imagine.
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chicago76
Posted on January 2, 2013 at 8:58pmBarter economy is the way.
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The Eradicator
Posted on January 2, 2013 at 10:27pmHa ha…ho ho…heh heh…Oh man, you kill me…Ha…heh…Oh, this economy is hangin’ and bangin’, babay!! Obama knows his stuff. Congress knows its role. Yay, we are all going to be lifting the dow to 14K!…Yay, Obama!!
(SARCASM used in post)
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dublinthewagons
Posted on January 2, 2013 at 7:22pmQIII federal didgetized money released for the purpose of pulling the will over the sheep’s face.
Good advice: better watch the other end. You’re fixing to get it.
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Free_Thought
Posted on January 2, 2013 at 7:22pmPossibly the most depressing website out there. Even when good things happen you cons cant even see the positive goin on. Jesus christ you are a sad lot.
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The_Jerk
Posted on January 2, 2013 at 7:29pmFree, that’s because we can see farther than our noses. This will end poorly. Doesn’t take a rocket scientist, or a free-thinker, to understand the obvious.
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Psychosis
Posted on January 2, 2013 at 7:31pmdont like it , dont come here
we promise to miss you
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BODYBAG
Posted on January 2, 2013 at 7:40pm@FREE_THOUGHT
Posted on January 2, 2013 at 7:22pm
Possibly the most depressing website out there. Even when good things happen you cons cant even see the positive goin on. Jesus christ you are a sad lot.
————————————————————————
[1] Its a rigged casino. Everyone knows that. Only the mindless drones think this is an indicator of anything “good”.
It now takes $85 billion in monthly Flow injection from the Fed just to keep the market from collapsing.
The FED is now monetizing ALL new debt
http://www.zerohedge.com/news/2012-12-03/time-bernanke-reevaluate-his-sworn-testimony-congress
[2] Why are you invoking the name of a deity that sh*tbirds like you regularly mock?
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FISH_BONE
Posted on January 2, 2013 at 7:46pmFREE THOUGHT, try a dose of reality for a change. You might like it.
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barber2
Posted on January 2, 2013 at 7:49pmThere is no such thing as a “free thought .”
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FISH_BONE
Posted on January 2, 2013 at 8:11pmTrue BARBER, soon those will be taxed also.
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Free_Thought
Posted on January 2, 2013 at 8:24pmPathetic. America is moving forward but what i dont understand is how you neanderthals thawed out enough to give an opinion.
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FISH_BONE
Posted on January 2, 2013 at 8:33pmYes, we are moving forward towards socialism / communism, which has never worked anywhere. The real question is how or why you simpletons can’t seem to look around the big wide world, perhaps even take a peek into history and see that following in the footsteps of the failures of other contemporary countries and the failures of the past will not work for us. Take off your rosy colored glasses and see reality you fool.
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chicago76
Posted on January 2, 2013 at 8:45pmA zombie like you sees your food source all gathered in one place, that is why you come to this website.
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barber2
Posted on January 2, 2013 at 8:55pmFree took on a new name on December 21 ! Free is the ” forward” dude who is happily marching backward to the Obama Marxism/ Communism / Socialism which has NEVER worked anywhere. And apparently Free of Thought hasn’t even figured out that following Greece is not a good idea. How sad that these people are so dumb , but, heck, that is the Obama Chicago radicals’ base : the young, the dumb, the angry , and the America haters.
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FISH_BONE
Posted on January 2, 2013 at 9:05pmThe youngsters think it is so “hip” to follow the Kenyan as he leads them to destruction. They gladly follow in ignorance while scoffing at those they call old and out of touch.
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Fubared
Posted on January 2, 2013 at 9:12pmFreebie even has forward in it’s vernacular without prompting. How super uber neo-lib cool.
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RightInSoManyWays
Posted on January 2, 2013 at 7:21pmTime to sell before they figure out what that deal really means.
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Advection
Posted on January 2, 2013 at 7:21pmFake.
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Trail_Jumper
Posted on January 2, 2013 at 7:18pmUnfortunately, when the dollar collapses, all they’ll be able to buy with their gains is a piece of kleenex to wipe their tears away. But hey, keep running on that wheel hamster, you might just get somewhere…….
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chicago76
Posted on January 2, 2013 at 8:35pmYou got it brother. Maybe time soon to go to a barter market. If they got something to trade other than pieces of paper, maybe we’ll trade with them. Everything old and made in the US is worth far more today than all the cheap crap made in China and India. Time to demand real goods for real goods not crap for paper, or do I have that backwards, paper for crapping.
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Topcat
Posted on January 2, 2013 at 7:17pmIf you look at a minute chart , you will see it took three minutes at market open to reach peak and stayed there all day. Does that seem like normal trading to you ?
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Fubared
Posted on January 2, 2013 at 7:16pmFiscal racists. Bananas cannot be used as an adjective in this racially charged climate. No math and for 0′s sake no bananas.
http://www.zerohedge.com/news/2013-01-02/guest-post-mother-should-i-trust-government
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sizzler2220
Posted on January 2, 2013 at 7:13pmWait a month or so and watch the reversal.
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The_Jerk
Posted on January 2, 2013 at 7:17pmGoldman Sachs.
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Fubared
Posted on January 2, 2013 at 7:24pmZzz, zzzzzzzzz, zzzzzzzzzzzzz, lalalalalalalala. Like flies to a pile beneath Jihad Jerk. Never saw that one coming.
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dublinthewagons
Posted on January 2, 2013 at 7:13pmThey didn’t read the bill either. HUH
Reality. I think not. The stock market & brokers are a skam
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