Obama to Wall St Financial Leaders >>> Listen here you guys .............

Resilient DOW Rebound After Obama Rantings
The stock market recovered from early losses and closed modestly higher Thursday after President Barack Obama's speech on financial reform contained no-holds-barred reminders.

The Dow Jones industrial average rose 9.37 points after being down about 108. Broader indexes also turned higher.

Stocks started the day with a quick dive into negative territory, with disappointing forecasts from eBay and Qualcomm sparking early selling pressure. Meanwhile, Moody's downgrade of Greece's debt ratings ratcheted up the bears' anxiety, despite the remarkably belated timing of the negative note.

Elsewhere, President Barack Obama paid a visit to Manhattan's Cooper Union to drum up support for the financial reform legislation winding its way through Congress. In a speech, Obama urged cooperation from the titans of Wall Street, and described the proposed reform package as a necessary step to protect taxpayers from future bailouts.

Despite a stomach-churning start to the session, stocks began to claw their way back toward positive territory by midday. A dose of healthy economic news helped. Today's reports included a weekly decline in initial jobless claims, as well as a 6.8% jump in new home sales for March. Traders eventually decided that the good news outweighed the bad, if only by a little -- and the major market indexes finished well above their intraday lows as a result, with the Dow bouncing back from an early triple-digit deficit.

The Dow Jones Industrial Average (DJIA – 11,134.29) ended on a gain of 9.4 points, or 0.08%, after plunging to a 108-point loss out of the gate. Seventeen of the Dow's 30 components closed higher, led by Boeing, while Merck set the pace for the unlucky 13 decliners.

The Dow continues to hold steady atop its 10-day moving average, but the 11,150 region is emerging as short-term pressure -- the blue-chip barometer topped out at 11,149.86 in the final moments of trading.

The S&P 500 Index (SPX – 1,208.67) enjoyed a similar eleventh-hour recovery, ending on a gain of 2.7 points, or 0.2%. The SPX nimbly maintained its perch above the 1,200 level, as well as its own 10-day trendline.


Finally, the Nasdaq Composite (COMP – 2,519.07) one-upped its peers by rallying to a new annual high of 2,521.02 in the final minutes of the session. The COMP tacked on 14.5 points, or 0.6%, to extend its three-session winning streak above the 2,500 level.

The WS bulls fear no Greeks

It's a Harlem Thug name Obama that terrifies them

When he say Reforms >>> SO BE IT ... or else @#!%*&

LOL!!!!!