They are the Pod-people, pointing and screaming.

Well, they are likely to come out bashing again as we'll definitely see another drop before too long.

Repigs at their best. KKKarl is smiling as we speak at the brash temerity to truth and propoganda pushing of the Faux Republican Network. With "reporting" like this, I hope the President and Congress undue the Murdoch Empire's media consolidation and over-representation exemptions post-haste. Isn't the media supposed to serve the 'public interest', not just the ruling class? If so, then the exemptions have got to go. Speaking of media, truth in media needs your help. I have a small plea. Any amount is fine. Please visit www.freespeech.org (FSTV)to help if you can. Progressive media needs you. Seriously, the station is hurting (as many of us are) and could use a few friends right now. Thanks.

Because for so many years, the stock market has been such a reliable indicator of economic reality. It hasn't? Tech bubble, Enron, 2008? Well then what does it indicate? Tell us, Neil.

You don't have to go back that far in the archives to get examples of FoxNews leading the cheers for Bush economic policy success as reflected in the Dow. Just last summer they were bleating that nobody else was covering the great news about the economy, all due to the wisdom of George W. Bush.

Nakedly partisan? Well, um, yeah . . .

when the market goes up, conservatives can't even begin to know who or what deserves credit?

That's easy, Ronald Reagan.

When, plane is in a tailspin, blame pilot.

When, plane levels out, laud that God type Co-Pilot.

You have post after post on stupid things the Republicans say. Who cares what they say? They are the past. It's like worrying about what Walter Cronkeit would make of something. Much more important than the stragglers to Obama's right are the people to his left. Why not look in that direction from time to time?

dammit, killjoy beat me to it;>

Ah, yes, zeeee patient has exhibited to signs of zeee flu and is considered normal in every way. Zis reflects the sound Bush created environment of total health.

Now, reading zeee thermometer, the patient's temperature has risen, my god, this patient is in grave danger!!! Temperature now at 101 degrees and rising, zis must be zeee effect of Obama!!!

This post is a little bit misguided. In the short run, Obama should neither get neither the credit nor the blame.

Unfortunately, the media like to use the stock market indices as a report card on the economy, as if the stock traders themselves are expert pundits and the market's fluctuations are their utterances. It's wrong-headed but not surprising, given that most Americans have a stake in the market.

Investors (long-term) do not "rate" the economy. They're stuck with it, for good or for bad. They anticipate various companies' and industries' future performance, given a number of current facts and trends, the economy being only one of them.

With traders, it's even more removed. They're anticipating what the investors and other traders will do with the information. They don't give a whit about reality. What they care about is other peoples' perceptions of reality.

To be clear, this entire approach is just silly. Using the Dow as some kind of financial approval rating for the president doesn't make any sense, no matter which direction the indexes are headed.

Bob5540 - Did you read these two sententces?

I love watching smart people take down Cavuto on his own show.

Yesterday it was Austan Goolsbee, who smacked him down... wonder if anyone has video.

They won't be clueless long.
I expect this rally to tank again.

Stock prices are based on future earnings.
Nothing I've seen suggests to me that substantial amounts of buying power have been discovered or developed. I see weak sales for everyone for some time to come. Sure, loans are available... but only to good credit risks. These same people don't see a market ready to buy anything they might be inclined to produce so there's no need to take advantage of loans even at great rates.

They'd rather wait for signs of a recovery that doesn't come because everyone's waiting for the recovery to come....

The classic example of this was Republicans pointing to the Dow drop on Inaguration Day as some sort of market statement on the nnew President. This ignores economics. We knew since the election that Obama would be sworn in on January 20. If that was not priced into the market by January 20 such that it was somehow a surprise to market participants who in a panic sold (or acted contrary to their economic self-interest in some sort of coordinated political protest), then the "market" really is pretty stupid...