Market soars like an eagle on heels of Obam economic speech

[partypup]

[quote=TheBreeze]Holy Jesus! Obama speaks about the economy and the market responds as if supercharged on hope and change. What an incredible, incredible gain. At one time the DOW as up almost 600 points — all on the words of an incredibly intelligent, great man.

The market is in awe (as am I) of Obama’s tremendous grasp of economic policy. [/quote]

Oh, good grief Breeze! “Supercharged on hope and change”? Really, you need to cut down on the Kool Aid 😉 Were you actually watching the market as Obama delivered his speech?? Here’s what really happened: the market rallied hard on the news of the Citi bailout and was up 314 points when Obama took the podium. Then he starts mumbling about Main Street and a stimulus package, and the market goes sideways, then slowly starts to trickle south. Then the real fun started during the Q & A. Obama refused to specify the amount of the *sizeable* stimulus package. The market went down 40 points. And THEN someone asked Obama if he still planned to raise taxes on the wealthy (read: 350K+), and Obama effectively said that he intended to do just that. And then the market dropped to a 220 point rally.

So in the 20 minutes that Obama was actually before the camera, the Dow actually lost 100 points! It actually dropped as much as 150 points 2/3 of the way through his press conference!

Later, after Obama’s conference ended, the Dow began to shake him off and slowly rise again. Seriously, the traders/CNBC pundits/hacks were not impressed, Breeze. The market was expecting more. That the Dow managed to close up as high as it did had nothing to do with Obama’s address and everything to do with the futile Citi bailout, which we all know will only lead to another round of profit-taking tomorrow. Only a fool would think this rally has legs longer than a centipede’s.

Here’s one of my favorite exchanges after the conference:

Melissa Francis (CNBC): “Was it just me, or did [Obama] seem a little more quiet and inspiring less confidence…?”

Michelle Cabruso-Cabrero: “You mean less ‘presidential’?”

Melissa: “Well, I wasn’t going to say that…”

The market is not in awe of Obama’s “tremendous grasp of economic policy”, as you seem to be. The market was wondering, “Where’s the beef…?” and “Are you seriously going to tax the bejeesus out of us??” Seriously, this kind of delusion helps to explains how you fell so hard for the Emperor with no clothes. I am genuinely and sincerely worried that your plunge to earth when Obama inevitably disappoints you is going to be spirit-crushing. It’s very sad to watch, actually.

Anyhoo, next time, be sure to check in throughout the day and while Obama is actually speaking — not just at market close.

But hey, don’t take my word for it. Check out the Washington Post:

“Obama Rolls Out Econ Team, Dings Dow Rally”

http://voices.washingtonpost.com/economy-watch/2008/11/obama_rolls_out_econ_team_ding.html

[partypup]

[quote=asianautica][quote=TheBreeze]As inauguration day gets closer, I expect the market to start picking it up again.

ALL HAIL, OBAMA![/quote]
[/quote]

Seriously, Breeze…do you really think this is going to happen? Hate to break it to you, but we will be lucky to be scraping above 7,000 by the day of Lord Obama’s inauguration. Fundamentals are fundamentals, brother. This ship is going down — with the Messiah at the helm.

[partypup]

[quote=asianautica][quote=TheBreeze]As inauguration day gets closer, I expect the market to start picking it up again.

ALL HAIL, OBAMA![/quote]
[/quote]

Seriously, Breeze…do you really think this is going to happen? Hate to break it to you, but we will be lucky to be scraping above 7,000 by the day of Lord Obama’s inauguration. Fundamentals are fundamentals, brother. This ship is going down — with the Messiah at the helm.

[partypup]

[quote=asianautica][quote=TheBreeze]As inauguration day gets closer, I expect the market to start picking it up again.

ALL HAIL, OBAMA![/quote]
[/quote]

Seriously, Breeze…do you really think this is going to happen? Hate to break it to you, but we will be lucky to be scraping above 7,000 by the day of Lord Obama’s inauguration. Fundamentals are fundamentals, brother. This ship is going down — with the Messiah at the helm.

[partypup]

[quote=asianautica][quote=TheBreeze]As inauguration day gets closer, I expect the market to start picking it up again.

ALL HAIL, OBAMA![/quote]
[/quote]

Seriously, Breeze…do you really think this is going to happen? Hate to break it to you, but we will be lucky to be scraping above 7,000 by the day of Lord Obama’s inauguration. Fundamentals are fundamentals, brother. This ship is going down — with the Messiah at the helm.

[partypup]

[quote=asianautica][quote=TheBreeze]As inauguration day gets closer, I expect the market to start picking it up again.

ALL HAIL, OBAMA![/quote]
[/quote]

Seriously, Breeze…do you really think this is going to happen? Hate to break it to you, but we will be lucky to be scraping above 7,000 by the day of Lord Obama’s inauguration. Fundamentals are fundamentals, brother. This ship is going down — with the Messiah at the helm.

[partypup]

[quote=TheBreeze]Is anybody buying the market here now that Obama is about to come in and change the game for the better? I’ve upped the amount I invest into the market periodically. I think I’m going to enjoy getting rich investing in an environment girded by Obama’s economic policies.[/quote]

Come on, dude…SERIOUSLY???? If you’re actually thinking about getting into the market after January 20, I think you’re going to enjoy a rather quick trip to the poor house.

[partypup]

[quote=TheBreeze]Is anybody buying the market here now that Obama is about to come in and change the game for the better? I’ve upped the amount I invest into the market periodically. I think I’m going to enjoy getting rich investing in an environment girded by Obama’s economic policies.[/quote]

Come on, dude…SERIOUSLY???? If you’re actually thinking about getting into the market after January 20, I think you’re going to enjoy a rather quick trip to the poor house.

[partypup]

[quote=TheBreeze]Is anybody buying the market here now that Obama is about to come in and change the game for the better? I’ve upped the amount I invest into the market periodically. I think I’m going to enjoy getting rich investing in an environment girded by Obama’s economic policies.[/quote]

Come on, dude…SERIOUSLY???? If you’re actually thinking about getting into the market after January 20, I think you’re going to enjoy a rather quick trip to the poor house.

[partypup]

[quote=TheBreeze]Is anybody buying the market here now that Obama is about to come in and change the game for the better? I’ve upped the amount I invest into the market periodically. I think I’m going to enjoy getting rich investing in an environment girded by Obama’s economic policies.[/quote]

Come on, dude…SERIOUSLY???? If you’re actually thinking about getting into the market after January 20, I think you’re going to enjoy a rather quick trip to the poor house.

[partypup]

[quote=TheBreeze]Is anybody buying the market here now that Obama is about to come in and change the game for the better? I’ve upped the amount I invest into the market periodically. I think I’m going to enjoy getting rich investing in an environment girded by Obama’s economic policies.[/quote]

Come on, dude…SERIOUSLY???? If you’re actually thinking about getting into the market after January 20, I think you’re going to enjoy a rather quick trip to the poor house.

[sdduuuude]

Vinatieri’s field goal lifts Colts past Chargers
By BERNIE WILSON
AP Sports Writer

AP Photo
Indianapolis Colts kicker Adam Vinatieri, right, kicks a 51-yard game-winning field goal as Hunter Smith, left, holds during the fourth quarter of an NFL football game against the San Diego Chargers on Sunday, Nov. 23, 2008, in San Diego. The field goal gave the Colts a 23-20 win.

SAN DIEGO This time, Adam Vinatieri was right on from a lot farther out. Vinatieri, one of the most clutch kickers in NFL history, made a 51-yard field goal as time expired to lift Peyton Manning and the Indianapolis Colts to a heart-stopping 23-20 win over the San Diego Chargers on Sunday night.

He was kicking toward the same goal posts where just more than a year ago he pushed a 29-yard field-goal attempt wide right with 1:31 left, allowing the Chargers to hold on for a 23-21 win.

Manning threw two touchdown passes for the Colts (7-4), who won their fourth straight game to remain in wild-card contention.

The Chargers (4-7) remain desperate. The two-time defending AFC West champions have lost four of five and remain two games behind division leader Denver, which was upset 31-10 by the Oakland Raiders.

Manning kept the winning drive alive with a 14-yard pass to Marvin Harrison on fourth-and-inches from the Chargers’ 48-yard line following a long officials’ review over the spot of the ball following the previous play.

It was Vinatieri’s 22nd career game-winning field goal in the final minute of the fourth quarter or overtime. Included on that list are two last-second kicks that won Super Bowls for the New England Patriots.

It was Manning’s 35th career game-winning drive in the fourth quarter or overtime.

Manning seemed determined not to take a fourth straight loss to the Chargers. It was the Chargers who ended the Colts’ 2007 season with a 28-24 upset in a divisional-round playoff game.

It wasn’t easy, though.

The Colts went ahead 20-10 on Vinatieri’s 38-yard field goal with 11:48 left. That kick capped a drive kept alive by pass interference calls against defensive backs Antonio Cromartie and Clinton Hart, both on third downs.

The Chargers scored 10 straight to tie it.

Philip Rivers threw a 1-yard scoring pass to rookie running back Jacob Hester and Nate Kaeding kicked a 47-yard field goal with 1:30 left.

Manning turned a turnover by Philip Rivers into a 17-10 lead, throwing a 1-yard touchdown pass to Dominic Rhodes on fourth-and-goal with 38 seconds left in the third quarter.

Rhodes burned linebacker Stephen Cooper for the TD catch after he was stopped on three straight runs after the Colts had a first-and-goal at the 1.

The drive was set up by Rivers’ fumble.

Rivers was scrambling when Robert Mathis came in from behind and batted the ball out of his hand. Raheem Brock scooped it up and returned it to the Colts’ 34.

Earlier, Manning rebounded from his own costly interception to throw a 13-yard touchdown pass to Anthony Gonzalez with 38 seconds left before halftime to pull the Colts into a 10-10 tie.

On Indianapolis’ previous possession, Manning was intercepted by Quentin Jammer at the Chargers 11.

The Chargers turned it into a 10-3 lead when Rivers hit Vincent Jackson on a 39-yard touchdown pass to cap the 89-yard, nine-play drive. Jackson made the catch behind two defenders before falling into the end zone. It was just the third TD pass allowed by the Colts this year.

The Colts had gone three games without a turnover and the Chargers had gone four games without a takeaway.

Vinatieri kicked a 23-yard field goal and San Diego’s Nate Kaeding kicked a 35-yarder, both in the first half.

Manning completed 32 of 44 passes for 255 yards. Rivers was 24-of-31 for 288 yards.

[sdduuuude]

Vinatieri’s field goal lifts Colts past Chargers
By BERNIE WILSON
AP Sports Writer

AP Photo
Indianapolis Colts kicker Adam Vinatieri, right, kicks a 51-yard game-winning field goal as Hunter Smith, left, holds during the fourth quarter of an NFL football game against the San Diego Chargers on Sunday, Nov. 23, 2008, in San Diego. The field goal gave the Colts a 23-20 win.

SAN DIEGO This time, Adam Vinatieri was right on from a lot farther out. Vinatieri, one of the most clutch kickers in NFL history, made a 51-yard field goal as time expired to lift Peyton Manning and the Indianapolis Colts to a heart-stopping 23-20 win over the San Diego Chargers on Sunday night.

He was kicking toward the same goal posts where just more than a year ago he pushed a 29-yard field-goal attempt wide right with 1:31 left, allowing the Chargers to hold on for a 23-21 win.

Manning threw two touchdown passes for the Colts (7-4), who won their fourth straight game to remain in wild-card contention.

The Chargers (4-7) remain desperate. The two-time defending AFC West champions have lost four of five and remain two games behind division leader Denver, which was upset 31-10 by the Oakland Raiders.

Manning kept the winning drive alive with a 14-yard pass to Marvin Harrison on fourth-and-inches from the Chargers’ 48-yard line following a long officials’ review over the spot of the ball following the previous play.

It was Vinatieri’s 22nd career game-winning field goal in the final minute of the fourth quarter or overtime. Included on that list are two last-second kicks that won Super Bowls for the New England Patriots.

It was Manning’s 35th career game-winning drive in the fourth quarter or overtime.

Manning seemed determined not to take a fourth straight loss to the Chargers. It was the Chargers who ended the Colts’ 2007 season with a 28-24 upset in a divisional-round playoff game.

It wasn’t easy, though.

The Colts went ahead 20-10 on Vinatieri’s 38-yard field goal with 11:48 left. That kick capped a drive kept alive by pass interference calls against defensive backs Antonio Cromartie and Clinton Hart, both on third downs.

The Chargers scored 10 straight to tie it.

Philip Rivers threw a 1-yard scoring pass to rookie running back Jacob Hester and Nate Kaeding kicked a 47-yard field goal with 1:30 left.

Manning turned a turnover by Philip Rivers into a 17-10 lead, throwing a 1-yard touchdown pass to Dominic Rhodes on fourth-and-goal with 38 seconds left in the third quarter.

Rhodes burned linebacker Stephen Cooper for the TD catch after he was stopped on three straight runs after the Colts had a first-and-goal at the 1.

The drive was set up by Rivers’ fumble.

Rivers was scrambling when Robert Mathis came in from behind and batted the ball out of his hand. Raheem Brock scooped it up and returned it to the Colts’ 34.

Earlier, Manning rebounded from his own costly interception to throw a 13-yard touchdown pass to Anthony Gonzalez with 38 seconds left before halftime to pull the Colts into a 10-10 tie.

On Indianapolis’ previous possession, Manning was intercepted by Quentin Jammer at the Chargers 11.

The Chargers turned it into a 10-3 lead when Rivers hit Vincent Jackson on a 39-yard touchdown pass to cap the 89-yard, nine-play drive. Jackson made the catch behind two defenders before falling into the end zone. It was just the third TD pass allowed by the Colts this year.

The Colts had gone three games without a turnover and the Chargers had gone four games without a takeaway.

Vinatieri kicked a 23-yard field goal and San Diego’s Nate Kaeding kicked a 35-yarder, both in the first half.

Manning completed 32 of 44 passes for 255 yards. Rivers was 24-of-31 for 288 yards.

[sdduuuude]

Vinatieri’s field goal lifts Colts past Chargers
By BERNIE WILSON
AP Sports Writer

AP Photo
Indianapolis Colts kicker Adam Vinatieri, right, kicks a 51-yard game-winning field goal as Hunter Smith, left, holds during the fourth quarter of an NFL football game against the San Diego Chargers on Sunday, Nov. 23, 2008, in San Diego. The field goal gave the Colts a 23-20 win.

SAN DIEGO This time, Adam Vinatieri was right on from a lot farther out. Vinatieri, one of the most clutch kickers in NFL history, made a 51-yard field goal as time expired to lift Peyton Manning and the Indianapolis Colts to a heart-stopping 23-20 win over the San Diego Chargers on Sunday night.

He was kicking toward the same goal posts where just more than a year ago he pushed a 29-yard field-goal attempt wide right with 1:31 left, allowing the Chargers to hold on for a 23-21 win.

Manning threw two touchdown passes for the Colts (7-4), who won their fourth straight game to remain in wild-card contention.

The Chargers (4-7) remain desperate. The two-time defending AFC West champions have lost four of five and remain two games behind division leader Denver, which was upset 31-10 by the Oakland Raiders.

Manning kept the winning drive alive with a 14-yard pass to Marvin Harrison on fourth-and-inches from the Chargers’ 48-yard line following a long officials’ review over the spot of the ball following the previous play.

It was Vinatieri’s 22nd career game-winning field goal in the final minute of the fourth quarter or overtime. Included on that list are two last-second kicks that won Super Bowls for the New England Patriots.

It was Manning’s 35th career game-winning drive in the fourth quarter or overtime.

Manning seemed determined not to take a fourth straight loss to the Chargers. It was the Chargers who ended the Colts’ 2007 season with a 28-24 upset in a divisional-round playoff game.

It wasn’t easy, though.

The Colts went ahead 20-10 on Vinatieri’s 38-yard field goal with 11:48 left. That kick capped a drive kept alive by pass interference calls against defensive backs Antonio Cromartie and Clinton Hart, both on third downs.

The Chargers scored 10 straight to tie it.

Philip Rivers threw a 1-yard scoring pass to rookie running back Jacob Hester and Nate Kaeding kicked a 47-yard field goal with 1:30 left.

Manning turned a turnover by Philip Rivers into a 17-10 lead, throwing a 1-yard touchdown pass to Dominic Rhodes on fourth-and-goal with 38 seconds left in the third quarter.

Rhodes burned linebacker Stephen Cooper for the TD catch after he was stopped on three straight runs after the Colts had a first-and-goal at the 1.

The drive was set up by Rivers’ fumble.

Rivers was scrambling when Robert Mathis came in from behind and batted the ball out of his hand. Raheem Brock scooped it up and returned it to the Colts’ 34.

Earlier, Manning rebounded from his own costly interception to throw a 13-yard touchdown pass to Anthony Gonzalez with 38 seconds left before halftime to pull the Colts into a 10-10 tie.

On Indianapolis’ previous possession, Manning was intercepted by Quentin Jammer at the Chargers 11.

The Chargers turned it into a 10-3 lead when Rivers hit Vincent Jackson on a 39-yard touchdown pass to cap the 89-yard, nine-play drive. Jackson made the catch behind two defenders before falling into the end zone. It was just the third TD pass allowed by the Colts this year.

The Colts had gone three games without a turnover and the Chargers had gone four games without a takeaway.

Vinatieri kicked a 23-yard field goal and San Diego’s Nate Kaeding kicked a 35-yarder, both in the first half.

Manning completed 32 of 44 passes for 255 yards. Rivers was 24-of-31 for 288 yards.

[sdduuuude]

Vinatieri’s field goal lifts Colts past Chargers
By BERNIE WILSON
AP Sports Writer

AP Photo
Indianapolis Colts kicker Adam Vinatieri, right, kicks a 51-yard game-winning field goal as Hunter Smith, left, holds during the fourth quarter of an NFL football game against the San Diego Chargers on Sunday, Nov. 23, 2008, in San Diego. The field goal gave the Colts a 23-20 win.

SAN DIEGO This time, Adam Vinatieri was right on from a lot farther out. Vinatieri, one of the most clutch kickers in NFL history, made a 51-yard field goal as time expired to lift Peyton Manning and the Indianapolis Colts to a heart-stopping 23-20 win over the San Diego Chargers on Sunday night.

He was kicking toward the same goal posts where just more than a year ago he pushed a 29-yard field-goal attempt wide right with 1:31 left, allowing the Chargers to hold on for a 23-21 win.

Manning threw two touchdown passes for the Colts (7-4), who won their fourth straight game to remain in wild-card contention.

The Chargers (4-7) remain desperate. The two-time defending AFC West champions have lost four of five and remain two games behind division leader Denver, which was upset 31-10 by the Oakland Raiders.

Manning kept the winning drive alive with a 14-yard pass to Marvin Harrison on fourth-and-inches from the Chargers’ 48-yard line following a long officials’ review over the spot of the ball following the previous play.

It was Vinatieri’s 22nd career game-winning field goal in the final minute of the fourth quarter or overtime. Included on that list are two last-second kicks that won Super Bowls for the New England Patriots.

It was Manning’s 35th career game-winning drive in the fourth quarter or overtime.

Manning seemed determined not to take a fourth straight loss to the Chargers. It was the Chargers who ended the Colts’ 2007 season with a 28-24 upset in a divisional-round playoff game.

It wasn’t easy, though.

The Colts went ahead 20-10 on Vinatieri’s 38-yard field goal with 11:48 left. That kick capped a drive kept alive by pass interference calls against defensive backs Antonio Cromartie and Clinton Hart, both on third downs.

The Chargers scored 10 straight to tie it.

Philip Rivers threw a 1-yard scoring pass to rookie running back Jacob Hester and Nate Kaeding kicked a 47-yard field goal with 1:30 left.

Manning turned a turnover by Philip Rivers into a 17-10 lead, throwing a 1-yard touchdown pass to Dominic Rhodes on fourth-and-goal with 38 seconds left in the third quarter.

Rhodes burned linebacker Stephen Cooper for the TD catch after he was stopped on three straight runs after the Colts had a first-and-goal at the 1.

The drive was set up by Rivers’ fumble.

Rivers was scrambling when Robert Mathis came in from behind and batted the ball out of his hand. Raheem Brock scooped it up and returned it to the Colts’ 34.

Earlier, Manning rebounded from his own costly interception to throw a 13-yard touchdown pass to Anthony Gonzalez with 38 seconds left before halftime to pull the Colts into a 10-10 tie.

On Indianapolis’ previous possession, Manning was intercepted by Quentin Jammer at the Chargers 11.

The Chargers turned it into a 10-3 lead when Rivers hit Vincent Jackson on a 39-yard touchdown pass to cap the 89-yard, nine-play drive. Jackson made the catch behind two defenders before falling into the end zone. It was just the third TD pass allowed by the Colts this year.

The Colts had gone three games without a turnover and the Chargers had gone four games without a takeaway.

Vinatieri kicked a 23-yard field goal and San Diego’s Nate Kaeding kicked a 35-yarder, both in the first half.

Manning completed 32 of 44 passes for 255 yards. Rivers was 24-of-31 for 288 yards.

[Author]

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