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2012/09/06 16:16:37
Subject: Stocks soar after ECB unveils bond buying effort
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5th God of Chaos! (Yea'rly!)
The Great State of Texas
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Stocks soar after ECB unveils bond buying effort
Thursday, September 6, 2012 | Updated: Thursday, September 6, 2012 10:56am Comments 6 E-mail Print Page 1 of 1
FILE - In this Aug. 3, 2012 file photo, traders work on the floor of the New York Stock Exchange. U.S. stock prices closed mixed on Wednesday, Sept. 5, 2012, held in check by a warning from the huge package delivery company FedEx that its profits would be hurt because of a slowdown in the global economy.
1 of 1FILE - In this Aug. 3, 2012 file photo, traders work on the floor of the New York Stock Exchange. U.S. stock prices closed mixed on Wednesday, Sept. 5, 2012, held in check by a warning from the huge package delivery company FedEx that its profits would be hurt because of a slowdown in the global economy.Photo By Richard Drew NEW YORK (AP) — Financial markets are soaring after investors finally got what they wanted from the European Central Bank: a concrete plan to support struggling countries in the region by buying government bonds.
The surge Thursday morning put the Standard & Poor's 500 index back to its highest level since January 2008.
Mario Draghi, the ECB's president, unveiled a new program to buy government bonds from the region's struggling countries with the aim of lowering their borrowing costs. Draghi said the program will have no set limit on how much it can buy.
The S&P 500 index jumped 26 points to 1,429 shortly before noon. The Dow Jones industrial average surged 236 points to 13,282 and the Nasdaq composite index jumped 59 points to 3,129.
European markets also rose sharply.
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http://www.chron.com/news/article/Stocks-soar-after-ECB-unveils-bond-buying-effort-3843977.php
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-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
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2012/09/06 17:29:30
Subject: Stocks soar after ECB unveils bond buying effort
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Battlefield Tourist
MN (Currently in WY)
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Go Super Mario go!
It is a bout time the ECB started flexing their muscles a bit.
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This message was edited 1 time. Last update was at 2012/09/06 17:29:47
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2012/09/06 21:54:43
Subject: Stocks soar after ECB unveils bond buying effort
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Longtime Dakkanaut
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This is one of the biggest things to happen in Europe...in ever.
Honestly I'm actually pretty stoked to see Europe actually get their gak together. I'm just glad I'm not Greek 
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Unnessesarily extravegant word of the week award goes to jcress410 for this:
jcress wrote:Seem super off topic to complain about epistemology on a thread about tactics.
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2012/09/07 02:27:10
Subject: Stocks soar after ECB unveils bond buying effort
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5th God of Chaos! (Yea'rly!)
The Great State of Texas
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I hope it holds (no sarcasm, I am serious)
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-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
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