This crazy DOW is making me feel uncomfortable. In the last three year the DOW has risen 6000 points. That's double what it was when Bush left office.

It just seems like 12,657 is to high. We must be due for a correction????

How crazy is 600 points in two weeks!

Bluehorse Wrote:
-------------------------------------------------------
> This crazy DOW is making me feel uncomfortable. In
> the last three year the DOW has risen 6000 points.
> That's double what it was when Bush left office.
>
> It just seems like 12,657 is to high. We must be
> due for a correction????
>
> How crazy is 600 points in two weeks!


Fabulous!

Now if you could just explain to all those out of work, living day to day on food stamps and government cheese why a bunch of people that already have a lot of money and will be getting a lot more, is going to make their lives any better......they can join in your joy as well.

Their lives will be better because the people making all that money will not have their taxes cut. They will take a capital gains and dividend tax rate of 15%, avoid all FICA and income tax on it, and the out-of-work people will be happy that perhaps that money will be used to create jobs. We know it won't, but the Republican teabaggers will tell us everything is on track.

You will return to this thread to see same teabaggers calling me a leftist liberal asshole for suggesting the above is true, and a year from now we'll still have extremely anemic job growth with sorry revenues into the Treasury. And the teabaggers will say Obama is at fault.

Watch and see if the fat cats don't start selling at some point to collect all this money in the market,,,

The stock market is nothing but trickle up economics at this point,,,

There is very little connection between the US economy and the stock market. It used to be that the DJIA was made up of US companies that employed US workers to make goods for US citizens and for export.

Now they're international corporations that use labor from around the world (cheaper the better) to make products that are consumed by other nations and the US. The export piece is largely absent.

Look at a quintessential US company like Apple (on NASDAQ) which directly employs 25,000 people in the US. They employ another 25,000 around the world and indirectly employ about 250,000 in CHINA!



"In other words, for every 1 of the 25,000 American workers now employed by Apple mostly in marketing, administration and R&D, there are 10 Foxconn workers in China who could, and many of believe should, be American workers. "

http://www.uscc.gov/hearings/2011hearings/written_testimonies/11_06_15_wrt/11_06_15_hindery_testimony.pdf


The really sad thing is, all those jobs we lost? They're never coming back. The US economy is seriously Fu*ked.

Ross Perot, who was relentlessly made fun of in 1992, was absolutely right and his prediction that in 15 years it would wreck the country was dead on.





Edited 2 time(s). Last edit at 07/09/2011 01:15AM by trogdor!.

Yup, and the "republican dirty tricks committee" knew it and took him out right before the election,,,

That's probably the closest a third party candidate has come to winning the presidency,,,

Teddy Roosevelt doesn't count