Dow Soars on News That NYC Mosque Will Stay

Stock market responds to news that overnight rumors that the Cordoba Center developers had abandoned the project were bogus.

PS: I’m not a stock-market analyst, but none of today’s mixed economic developments really account for these gains, do they?

Posted by StrangeAppar8us on 08/17/10 at 01:33 PM • Permalink

Categories: New York City • Manhattan • News • Politics • War In Error •

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The Hefty trash bags company is worth nearly $5 BILLION dollars? For making something that you stuff shit in to toss the whole damn shebang out? What a crazy, mixed-up world, Strange. What a crazy, mixed-up world.

Comment by Betty Cracker on 08/17/10 at 01:53 PM

Sounds as good as any other explanation

Comment by Tom65 on 08/17/10 at 02:00 PM

I invested heavily in Burlington Coat Factory yesterday and now, flush with cash, I’m initiating a hostile takeover of biggovernment.com. I plan to sell it to a conglomerate formed by Ebony, Jet and BET for a tidy sum.

Comment by Ripley on 08/17/10 at 02:02 PM

I assumed it was a response to this poll.

Comment by Allan on 08/17/10 at 02:09 PM

No. The rally was sparked by rumors on the street that Rumproast was going public.

Comment by kre8tr810 on 08/17/10 at 04:03 PM

I’d like to marry this post.

Comment by YAFB on 08/17/10 at 05:42 PM

Every time you hear/read a pundit/story saying “the market soared/crashed/responded to news of..” you can immediately ignore the rest of the statement. Seriously. I used to travel in that world and these daily summary statements are considered a joke by traders and not worth paying attention to, but they do keep the financial press occupied and allow them to have something to wax punditillious about.