| stock market reaches 10000 |
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littleroc02us
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| stock market reaches 10000 |
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Wow, we have come along ways. I remember in March when the Dow bottomed out around 6500 and we were in the greatest recession since the Great Depression. This has been the greatest advance in the economy since 1938. I started up some Index funds in march through Vanguard and they have gone through the roof. Things are looking up, but unfortunately alot of stocks are getting pricey again.
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Thu Oct 15, 2009 1:30 pm |
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coaster
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| Re: stock market reaches 10000 |
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quote:
Originally posted by littleroc02us
....This has been the greatest advance in the economy since 1938. .....
I'm really in a nit-picky mood this morning, so I can't help pointing out that this is an advance in the STOCK MARKET, not the economy, and this advance in the stock market has little impact on the economy. At best, all it says is that investors' expectations are pretty high that the worst is over and that the economy will be improving. The analysis I've heard and read mostly agrees that the improvement will be slow, that unemployment will remain high, and that this advance in the stock market is unwarranted.
And the effects of the new legislation getting cooked in the Congress' witches' pot yet remains to be seen and felt: cap and trade, mandatory health insurance, trade protection, etc etc.
~Tim~
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Thu Oct 15, 2009 2:31 pm |
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littleroc02us
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Yes, that is understandable. The stock market is better, but the economy is a complete sale still. 90% of the country have jobs, so most people are doing well, you should see what it's like in Bolivia where my brother in law works, the rich have money which is about 10% and the poor are poor which is around 60%. We have it good here. Also, since most of us have jobs, nothing has changed, in fact it's better. I can buy an 40" HDTV for around $700. Thats cheap. I can buy $2.34 gasoline unleaded down from $4.00. I can shop for groceries with coupons and it's pretty inexpensive. My electricity prices were down almost 50% this year because of a mild summer. Should I go on?
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Thu Oct 15, 2009 3:09 pm |
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Optimist5
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What's funny for me is that a lot of wall street people are saying that market has gotten too much ahead of economy. They were saying it in July, August, September and now in October. But the market keeps going up. It makes you think that nobody knows anything. Except for Goldman Sacks: they are running the market.
Arthur,
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Fri Oct 16, 2009 4:00 am |
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rmichaels
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quote:
Originally posted by Optimist5
\ Except for Goldman Sacks: they are running the market.
yeah them and the fed....
THERE IS NO SUCH THING AS A JOBLESS RECOVERY!
“The truth is not for all men, but only for those who seek it.” - Ayn Rand
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Fri Oct 16, 2009 5:35 am |
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coaster
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Jobs are the last economic indicator to turn up in a recovery. Makes you wonder where the money that causes the economy to recover comes from, doesn't it?
~Tim~
Eye Candy : Why Whimsy
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Fri Oct 16, 2009 6:06 am |
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JamesKim
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Unemployment rate is a lagging indicator, so it's obviously going to be up for quite some time.
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Mon Oct 19, 2009 12:02 am |
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littleroc02us
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quote:
Originally posted by coaster
Jobs are the last economic indicator to turn up in a recovery. Makes you wonder where the money that causes the economy to recover comes from, doesn't it?
What I find interesting is how our President keeps bragging about all the jobs he has created, when our unemployment is at it's highest point in years. How can he possibly say those things.
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Mon Nov 02, 2009 2:53 pm |
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coaster
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It's not the only case of wishful thinking you can attribute to our President. 
~Tim~
Eye Candy : Why Whimsy
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Tue Nov 03, 2009 2:33 am |
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signupmakemoney
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| Great News! |
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It's always great news to see that the DOW is over 10,000.
Means most everything else is going up.
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Tue Nov 17, 2009 9:50 pm |
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