Dow passes 10,000

[The_Lillard_King]

Only seven months after hitting a low of 6500.

Are things turning . . . I think they are . . . slowly, but surely


http://news.yahoo.com/s/ap/20091014/ap_on_bi_st_ma_re/us_wall_street

 

[PapaG]

A baby bull run that will get bearish in the next month or so. The weak dollar is helping prop up the market right now. Once inflation catches up ... TIMBER!

So, get rid of some assets fairly soon, because they won't be worth as much by the end of the year.

Also, why is it that the rich folk who own stocks, and the people on Wall Street, seem to be doing well while unemployment rises and available jobs decrease?

 

[The_Lillard_King]

A baby bull run that will get bearish in the next month or so. The weak dollar is helping prop up the market right now. Once inflation catches up ... TIMBER!

So, get rid of some assets fairly soon, because they won't be worth as much by the end of the year.

Also, why is it that the rich folk who own stocks, and the people on Wall Street, seem to be doing well while unemployment rises and available jobs decrease?

Before anyone decided to sell assets based on papa's financial advise, know that he was claiming that when the dow was at 6500, it would continue to drop, the financial system is about to go bankrupt and implied it was Obama's fault.

 

[PapaG]

Before anyone decided to sell assets based on papa's financial advise, know that he was claiming that when the dow was at 6500, it would continue to drop, the financial system is about to go bankrupt and implied it was Obama's fault.

It's going to drop. Sell now.

 

[mook]

I've been hearing about how we're on the cusp of rampant inflation since, gosh, the dot com bubble burst?

Since the early 1980's, we've had massive budget and trade deficits, wars, booms, busts, liberal presidents, conservative presidents, 9/11...yet through 26 or so years inflation just hasn't budged much.

I'm not saying it ain't going to happen. But at some point you have to wonder.

 

[BlazerWookee]

I've been hearing about how we're on the cusp of rampant inflation since, gosh, the dot com bubble burst?

Since the early 1980's, we've had massive budget and trade deficits, wars, booms, busts, liberal presidents, conservative presidents, 9/11...yet through 26 or so years inflation just hasn't budged much.

I'm not saying it ain't going to happen. But at some point you have to wonder.

Conservative PRESIDENT. Singular.

Just sayin'...

 

[blazerboy30]

I've been hearing about how we're on the cusp of rampant inflation since, gosh, the dot com bubble burst?

Since the early 1980's, we've had massive budget and trade deficits, wars, booms, busts, liberal presidents, conservative presidents, 9/11...yet through 26 or so years inflation just hasn't budged much.

I'm not saying it ain't going to happen. But at some point you have to wonder.

The central banks certainly view the greenback as becoming worth less and less...

link

 

[mook]

Conservative PRESIDENT. Singular.

Just sayin'...

Always seems odd to me when conservatives disown Dubya. The argument would be somewhat convincing that you were duped if you only voted for him once. But if conservatives vote TWICE for a guy who describes himself as a conservative, it's pretty tough to claim later on he wasn't a conservative.

You know...fool me once, shame on — shame on you. Fool me — you can't get fooled again.

 

[PapaG]

Always seems odd to me when conservatives disown Dubya. The argument would be somewhat convincing that you were duped if you only voted for him once. But if conservatives vote TWICE for a guy who describes himself as a conservative, it's pretty tough to claim later on he wasn't a conservative.

You know...fool me once, shame on — shame on you. Fool me — you can't get fooled again.

W was the closest thing I had to what I believe in those elections, and even with him, I had to compromise my fiscal conservatism and my social liberalism when filling in the circle for him. Then again, I've never called him fiscally conservative, so I guess I did know what I was voting for in him.

 

[BLAZER PROPHET]

Only seven months after hitting a low of 6500.

Are things turning . . . I think they are . . . slowly, but surely


http://news.yahoo.com/s/ap/20091014/ap_on_bi_st_ma_re/us_wall_street

It's great news for those of us who stayed in the market. I wonder with the current mounting debt and the probable upcoming health care plan and the debt it will build if this is just a small run or not. I'm no economist, but I do wonder.

 

[PapaG]

It's great news for those of us who stayed in the market.

Depends on how long you've been in the market. Well, I suppose it is great news regardless, but it's better news for someone who didn't see the Dow climb over 14k.

 

[BLAZER PROPHET]

Depends on how long you've been in the market. Well, I suppose it is great news regardless, but it's better news for someone who didn't see the Dow climb over 14k.

For sure, there is a beating we took we will never recover from, but it's still nice to see the Dow hit 10,000.

 

[The_Lillard_King]

The important part of this equation was it was only 7 months ago it was at 6500 . . . at that time, people were panicing and pulling their cash out of equities not trusting wallstreet.

Half a year later the dow is breaking 10,000 and the economy has a much differnt feel (v. 6 mos ago).

Give Obama that prize for economics . . . I know, I know, Obama had no effect on the market . . . but I want to thank someone for turing my 201K into a 301K.

 

[PapaG]

The important part of this equation was it was only 7 months ago it was at 6500 . . . at that time, people were panicing and pulling their cash out of equities not trusting wallstreet.

Half a year later the dow is breaking 10,000 and the economy has a much differnt feel (v. 6 mos ago).
Give Obama that prize for economics . . . I know, I know, Obama had no effect on the market . . . but I want to thank someone for turing my 201K into a 301K.

The economy is much worse than it was 6 months ago. Unemployment has jumped 2 points, and because of this, we aren't taking in the tax revenue needed to sustain the spending that is planned.

As I said, this is a baby bull rally. We 401k-types likely will be disappointed again within the next 6 months.

 

[Denny Crane]

I think it's reasonable to assume that anyone who has money and is looking for a modest return on investment is finding the stock market the only place to be right now, at least for the short term. I personally think it might be a great time to buy real estate and hold it for a few years.

But it really does indicate that there's a bubble in the stock market, so caution is a good idea. Isn't it scary when stocks get bid up by 50% in a few months? I think so...

 

[maxiep]

It has more to do with risk-adjusted returns on cash and bonds than the strength of the equity asset class.

 

[MARIS61]

Also, why is it that the rich folk who own stocks, and the people on Wall Street, seem to be doing well while unemployment rises and available jobs decrease?

Because crime pays.

 

[MARIS61]

Conservative PRESIDENT. Singular.

Just sayin'...

It's all in the definition of conservative.

Here's mine:

Reagan twice, Bush once, Bushbaby twice, that's 5 ultra-conservative Presidents vs 1 moderate conservative (Clinton).

 

[bluefrog]

It has more to do with risk-adjusted returns on cash and bonds than the strength of the equity asset class.

Of course! (I have no idea what this means) Maxiep knows this stuff better than anyone on this board.

My brother-in-law just got laid off today. I'm glad the Dow is up but that's little comfort for millions of people without a job.

 

[barfo]

The economy is much worse than it was 6 months ago. Unemployment has jumped 2 points, and because of this, we aren't taking in the tax revenue needed to sustain the spending that is planned.

maxiep will correct me if I'm wrong, but I think unemployment is considered a trailing indicator of economic health, meaning that unemployment will peak after the worst point in the recession. So it isn't necessarily the case that the economy is worse overall (it might be, of course).

barfo

 

[PapaG]

maxiep will correct me if I'm wrong, but I think unemployment is considered a trailing indicator of economic health, meaning that unemployment will peak after the worst point in the recession. So it isn't necessarily the case that the economy is worse overall (it might be, of course).

barfo

All tangible indications point to a worsening economy. Most things I've read state the ~10% unemployment is the norm for the next year. I've been reading for 4 months now how the economy is improving. It is, for rich people apparently. Drive around a commercial park and tell me how many "for lease" signs you see.

There are a ton of them in East Portland, and many have vacancies. I know this, because I depend on it.

Drive around a residential neighborhood and tell me how many "For Sale" signs you see.

A "jobless recovery" is code for "the rich get richer". Geithner is doing a great job protecting his Goldman Sachs gang.

 

[barfo]

All tangible indications point to a worsening economy.

That may be - I don't have the energy to go try to find an example of a tangible indication that is improving - but I was merely reacting to your use of the unemployment rate as a measure of the overall economy.

Most things I've read state the ~10% unemployment is the norm for the next year.

Same here, and I believe it.

I've been reading for 4 months now how the economy is improving. It is, for rich people apparently. Drive around a commercial park and tell me how many "for lease" signs you see.

There are a ton of them in East Portland, and many have vacancies. I know this, because I depend on it.

You depend on it? What, are you breaking into vacant buildings or something?

Drive around a residential neighborhood and tell me how many "For Sale" signs you see.

A "jobless recovery" is code for "the rich get richer". Geithner is doing a great job protecting his Goldman Sachs gang.

It's funny that you are against the rich getting richer. It's rather incompatible with your political leanings.

barfo

 

[PapaG]

At this point, don't you ask yourself why the DJIA is up 53% since March when all other indicators go against this climb?

 

[PapaG]

It's funny that you are against the rich getting richer. It's rather incompatible with your political leanings.
barfo

You clearly don't know my political leanings. Do you know your own leanings?

 

[barfo]

You clearly don't know my political leanings. Do you know your own leanings?

I think I've read enough of your posts here to know your political leanings.

I have no idea about my own leanings though. I think I could be a fascist/socialist/nazi/terrorist. But I'm not sure.

barfo

 

[barfo]

At this point, don't you ask yourself why the DJIA is up 53% since March when all other indicators go against this climb?

I think maxiep already gave the answer for that. interest rates are zero right now, so the stock market is the only place you can get a return. Thus money is flowing back into the market.

barfo

 

[PapaG]

I think I've read enough of your posts here to know your political leanings.

I have no idea about my own leanings though. I think I could be a fascist/socialist/nazi/terrorist. But I'm not sure.

barfo

Really. Let 'er rip. I'd be interested to see your interpretation of my political "leanings".

 

[PapaG]

I think maxiep already gave the answer for that. interest rates are zero right now, so the stock market is the only place you can get a return. Thus money is flowing back into the market.

barfo

Yeah. How does the refute my prediction?

 

[barfo]

Yeah. How does the refute my prediction?

What prediction, and what makes you think I was trying to refute it, whatever it was? I was just answering your question about why the market was up.

barfo

 

[barfo]

Really. Let 'er rip. I'd be interested to see your interpretation of my political "leanings".

I'm waiting to hear why you depend on commercial vacancies. That seems far more interesting than anything else in this thread.

barfo