Damn! More good news! DOW Breaks 13000!

[PolitacynicNH]

First time since 2008! Looks like we're starting this week like we ended last.

http://m.cnbc.com/us_news/46464541:nod:

 

[PolitacynicNH]

Nothing but silence from PJ Conjobbers on this?
I'll answer for them... If Obama owns Oil prices he definitely owns DOW surge!

 

[worldlymrb]

Obama is making Wall Street rich by re-inflating a debt bubble with monetized debt. (aka printed money)

 

[PolitacynicNH]

:doh: Obama can't spend a dime silly... try again
Free market, free enterprise is just a bummer dude!

 

[GordonGecko]

They don't think the President has anything to do with the Stock Market....

until it drops of course. They're "consistant" that way.

 

[DefeatObama]

if odrama wants to take credit that's fine.

he get's the blame if it tanks.

 

[worldlymrb]

:doh: Obama can't spend a dime silly... Try again
free market, free enterprise is just a bummer dude!

lol@free market

 

[PolitacynicNH]

That and scurrying around like ferrets looking for "BAD" news to try and post 'guilt by association' propaganda...
'Damn! he's a Christian! He's getting traction with Independants! Wall Street is going up even with price of oil!??? Stupid jobs outlook for unemployed positive... GM profits, Chrysler up... debt paid! WTF!....' says PJ Pub Conjobbers

They don't think the President has anything to do with the Stock Market....

until it drops of course. They're "consistant" that way.

 

[anti.reptile]

Nothing but silence from PJ Conjobbers on this?
I'll answer for them... If Obama owns Oil prices he definitely owns DOW surge!

Does Greece have anything to do with it? Do you even understand markets?

 

[Lukey]

That and scurrying around like ferrets looking for "BAD" news to try and post 'guilt by association' propaganda...
'Damn! he's a Christian! He's getting traction with Independants! Wall Street is going up even with price of oil!??? Stupid jobs outlook for unemployed positive... GM profits, Chrysler up... debt paid! WTF!....' says PJ Pub Conjobbers

How about we just post the facts - this market performance is all due to the Fed's unprecedented quantitative easing:

 

[YouCantHandleDaTruth]

Does Greece have anything to do with it? Do you even understand markets?

Conservatives not only don't understand the market but they don't understand the middle class.

Conservatives still believe in "Trickle Down" economics regardless of the last 20 - 30 years showing it doesn't work.

Thx

 

[PolitacynicNH]

:blah: Oh please tell me how?

My meager understanding has something to do with "buy low and sell high"... Supply and demand- ie. the abundant supply of BS posted here by the Cons drove the price of BS down to an all time low...

On the other hand while the demand for gas and oil abroad has cause the price of oil and gas to rise even though USA has lower demand... the end result is a TRADE SURPLUS for USA... at least that's what Lou Dobbs tells me...

Does Greece have anything to do with it? Do you even understand markets?

 

[Bo-4]

Lol Lukey, i'm thinking that after 50 times, we've all seen your chart. Better leave it be so that you can blame Obama next time it drops a hundred points. ;-)

 

[PolitacynicNH]

Anti is looking up the price of BS to see if I posted facts...

Like after the Great Depression our biggest hurdle is confidence! They even had public service campaign called "confidence" back then... but back then they didn't have PJ Conjobbers trying to 'trickle down bad news' though...?

Conservatives not only don't understand the market but they don't understand the middle class.

Conservatives still believe in "Trickle Down" economics regardless of the last 20 - 30 years showing it doesn't work.

Thx

 

[Lukey]

Lol Lukey, i'm thinking that after 50 times, we've all seen your chart. Better leave it be so that you can blame Obama next time it drops a hundred points. ;-)

Thanks for the acknowledgement that you are avoiding it all cost.

 

[PolitacynicNH]

You have a graph for just after Great Depression floating around some place? One with three war fronts and an economic policy of spending that was un matched by a Dem president in the past 100 years?
Nope....
The fact is this recovery is ten times faster than 1929 and the markets are reacting to growth, stability in Europe and great news at home...

Thanks for the acknowledgement that you are avoiding it all cost.

 

[KnotaFrayed]

There's a better chance people can sell their inflated investments than they can sell their inflated priced homes. Gold you have to store somewhere or figure out a way to physically move and when appearing at it's high end, it may be difficult to trade when it's value sinks. CD's and money market accounts don't pay anything and putting your cash in your mattress does not keep up with even minute inflation so one's money is eroded by it. Still, a return of the stock market, while it can signal some come back, is not necessarily a sign that a long stretch of wine and roses are to be in the cards.

If we have truly learned something from what we've been going through and the mistakes and negative effects of that are working their way through, if we now have adjusted regulation and enforcement to block the Bernie Madoff and other greedy types from gaming the system, then it may be cause for celebration, but for the most part, a rise in the stock market is not necessarily producing more jobs (it didn't when those saying they would if they only got tax cuts, got tax cuts in 2001 and 2003. Tax cuts that still remain in place) or helping the middle class and large numbers of those struggling.

If investors are truly putting their money into companies that pledge to and do hire American workers, then there is something positive in the numbers that may be longer lasting. The more employed Americans there are, the more people there are paying taxes, even at the same tax rates, the more revenue there is to pay bills and debt. The higher the average wage the more revenue there is to pay the nation's debt for wars it put on the nation's credit card tab while cutting revenue to pay off that tab. The snowball effect then is a positive one, not a negative one.

 

[GordonGecko]

There is a basic fact at work....ANY good economic news WILL be denied by the Right. Strictly on a partisan/ideological basis.

 

[anti.reptile]

Conservatives not only don't understand the market but they don't understand the middle class.

Conservatives still believe in "Trickle Down" economics regardless of the last 20 - 30 years showing it doesn't work.

Thx

Most of the middle class considers itself conservative. Ever get a job from a homeless person?

 

[GordonGecko]

Most of the middle class considers itself conservative. Ever get a job from a homeless person?

So how did Pres. Obama get 9 million MORE votes than John McCain???