Dow 9,000 - or less?
- Thread starter pfoley
- Start date
Spatial Ed
Super Anarchist
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You sound like a cheerleader. Are you sure you are an American?
Sol Rosenberg
Girthy Member
Strength in numbers. Get Nanny in here to bump up the numerical legitimacy.
Gouvernail
Lottsa people don’t know I’m famous
I still remember when the Dow passed 1000 on the way up.
I remember people saying 1000 was not sustainable
I remember the same things at 2000
ADJUSTING FOR INFLATION...
It seems to me anything more than about 4000 is pretty damned high
How much is BP stock worth these days??
I remember people saying 1000 was not sustainable
I remember the same things at 2000
ADJUSTING FOR INFLATION...
It seems to me anything more than about 4000 is pretty damned high
How much is BP stock worth these days??
O
One of Five
Guest
if Iran and Israel get into a tussle 4000 is generous.
If one believes in regression to the long term mean, carving off Washington's and Greenspan's pump & dump fiscal policy, we should ALMOST be reaching DOW 9000 any day now...DOW 10,000 in a year or two. (Draw a line through this graph, dating back to 1955 or so).
If ignoring portions of the curve relating to GuvMint printing of money we never had (and resulting artificially low interest & borrowing rates, etc)...well, that's why we are crashing down from above rather than climbing up to 9000. Contributions of Obama's "rally" have largely been more of the same GuvMint printing press crap we've seen for decades, packed into a single year, nothing more.
If only looking at near term history and future, Jo-Mama appears to have answered that correctly via a link he posted on another thread. Shit hits the fan approaching or immediately following the next wave of tax increases...January 2011. If not for reactions to tax changes, there would be little or no reason for "up" days in the market lately.
O
One of Five
Guest
O
One of Five
Guest
- Thread starter
- #11
Noble of you to make it to class.
You have been excused, if needed, so that you can formulate your latest Cathedral of Obama and to wipe your chin.
- Thread starter
- #12
Shit, you mean that the Census workers don't contribute to the economy?
Damn.
I read somewhere that every government job creates exponential economic growth. Must be true if I read it here on PA.
How are we going to survive as a nation if we can't rely on government taxes, currency printing presses, and spending?
onephatdiva
Super Anarchist
So the number of people losing there jobs is slowing down yet the number of people being employed or re-employed are what?
barleymalt
Super Anarchist
Clearly that number is what Obama wisely thinks it should be, and a tip of the hat is well deserved.
O
One of Five
Guest
Bull Gator
Banned
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O
One of Five
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krispy kreme
Super Anarchist
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Employment will be stagnant for some time to come with occasional inflections of notable employment drop offs during rounds of state, local and fed worker layoffs as municipalities and whole states go broke. It will be very difficult to grow our way out of this. We simply don't have the export horsepower per capita that we once did, and the American consumer cannot make up the difference.
http://seekingalpha.com/article/209248-bernanke-testimony-indicates-fed-still-in-denial?source=hp
Double dip a comin'
http://seekingalpha.com/article/209248-bernanke-testimony-indicates-fed-still-in-denial?source=hp
Double dip a comin'
Sol Rosenberg
Girthy Member
Keep wringing the middle class like a towel and eventually the drops stop flowing. It's been happening for a long time. Borrowed time, borrowed money.
I hope you are wrong, but I suspect that you're not.