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Wall Street reacts what do you think?

NEW YORK (Reuters) – Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.

Stock index futures shot up in late after-hours trading as Obama pushed job creation to the top of his agenda to bring down high unemployment, proposing the use of $30 billion of bank bailout repayments to boost lending to small businesses.

In my opinion he articulated the crowning achievement of his administration so far, which is the stabilization of our banking system. I think he articulated that very well and why that's important and that this country's banking system is no longer on the brink," said Haag Sherman, co-founder and chief investment officer of Salient Partners, an investment firm in Houston.

Answer Question
 
Anonymous

Asked by Anonymous at 11:57 PM on Jan. 27, 2010 in Politics & Current Events

Answers (18)
  • Anonymous

    Answer by Anonymous at 11:57 PM on Jan. 27, 2010

  • Baracks an idiot and HE AINT MY PRESIDENT!
    Glickstein

    Answer by Glickstein at 12:50 AM on Jan. 28, 2010

  • Whether you like it or not, if you're a citizen of this country he IS your President. If you don't want him as your elected leader, then you'll need to apply for citizenship elsewhere. But those other countries mioght not allow you to voice your dissent as you can here.

    I didn't like Presidents Bush (either of them) or Reagan...but they were still MY Presidents and in this nation we're free to disagree all we want.
    gdiamante

    Answer by gdiamante at 1:14 AM on Jan. 28, 2010

  • I don't play Wall Street, so I don't care how it reacts to what.
    Anonymous

    Answer by Anonymous at 2:30 AM on Jan. 28, 2010

  • Baracks an idiot and HE AINT MY PRESIDENT!


    If you live in America, he is your President ...Democratically elected by the People

    sweet-a-kins

    Answer by sweet-a-kins at 7:19 AM on Jan. 28, 2010

  • If you live in America, he is your President ...Democratically elected by the People
    Can't wait to vote his ass out.
    Anonymous

    Answer by Anonymous at 8:20 AM on Jan. 28, 2010

  • Because wall street is a moron. All they heard was clap, clap, clap, money for the banks...... What we heard is clap, clap, flush. I cannot believe he is giving yet more money to the banks to supposedly loan to small businesses. It is going to be just like the first time they did this. No one is going to get a loan, the banks are just going to blow it on trips or pay raises or bonuses.

    Ibelongtojesus

    Answer by Ibelongtojesus at 8:29 AM on Jan. 28, 2010

  • The markets are not reacting to the president. They are reacting to the interest rate. The banking industry covers much more than just the BIG ones. The hometown banks should have been helped a long time ago. They are the banks that loan to people like us.
    foreverb3

    Answer by foreverb3 at 8:30 AM on Jan. 28, 2010

  • I don't know what your point is but Wallstreet has little to do with the economy. OBVIOUSLY
    itsmesteph11

    Answer by itsmesteph11 at 9:02 AM on Jan. 28, 2010

  • If some of you people don't feel a sense of hope after last night you are just ignorant and stubborn. It was great seeing the dems and reps standing and clapping TOGETHER on some of the issues!! This country needs people to stop looking for someone to blame and start working together for our future!!!!!
    Jenna66

    Answer by Jenna66 at 9:03 AM on Jan. 28, 2010

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