Replies to post #76125 on Intel Corp (INTC)

[Sarmad]

>> The market is forward-looking.

How clearly did the market see forward at the peak ? Why does anyone think the market is now seeing clearly ?

http://abcnews.go.com/US/wireStory?id=6898878

Construction begins on Mo. bridge, believed to be first project under federal stimulus plan

TUSCUMBIA, Mo. February 17, 2009 (AP) The Associated Press

Construction crews have started working on a replacement for a rural Missouri bridge within minutes of President Barack Obama's signing the $787 billion stimulus package.

Officials expected the Missouri bridge project would be the first in the nation to get started under the stimulus plan.

As Obama signed the bill Tuesday in Denver, Missouri transportation officials met at the bridge and quickly approved construction of its replacement.


The 1,000-foot-long bridge being replaced spans a Missouri River tributary about 30 miles southwest of the state Capitol in Jefferson City. It was built in 1933 but was closed to large trucks in 2007 because of structural concerns.

The state also planned to begin work Tuesday on three other highway projects.

[wbmw]

Re: Historians are by definition backward-looking.

The market is forward-looking. You may disagree with the markets, but these are the guys that need to be convinced

The market may be forward looking, but the behavior in conditions of uncertainty is almost unilaterally down. So claiming that the market is discounting the Obama plan may not be true, but to say that they are uncertain probably is true.

Hopefully, with recovery.gov and all the other measures made to ensure transparency and accountability, investors will see what they need to form an opinion. Ultimately, though, I think it will take hard data in terms of decreasing unemployment, home sales stabilization, growth in GDP, or something similar to prove to the market that the stimulus is working.