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RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 4:58:59 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Credit defaults are at record highs?  You have no idea how high.  wait till the bankruptcy actions start hitting.  Another form of massive greed from the banks.. credit cards and all their hidden fees, massively amounting vast debts.. and these people dont have jobs.

Wait till that tab hits the financial sector.  They will be back for another bailout.

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(in reply to rulemylife)
Profile   Post #: 81
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:04:11 AM   
rulemylife


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quote:

ORIGINAL: NeedToUseYou

The people ultimately are more scared of the rich not being rich than a chance of real change in the power structure.


I think that sums it up nicely, but I've never been able to figure it out.

Why is it so many people will defend the rights of the wealthy, the repeal of the estate tax for example, when they have no stake in the outcome?



(in reply to NeedToUseYou)
Profile   Post #: 82
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:08:30 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		Because they hope to be among them one day.... chuckles.

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Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to rulemylife)
Profile   Post #: 83
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:19:02 AM   
servantforuse


Posts: 6363
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Status: offline 		Lets call the estate tax what it is. It's a death tax. The govt didn't get enough of your hard earned money when you are alive so they take the rest when you die.

(in reply to tazzygirl)
Profile   Post #: 84
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:19:49 AM   
Lucylastic


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Status: offline 		ignorant sheep and arrogant pigs...quite the farmyard huh...Ill be the mad cow....anyone up for jackass? what about bipartisan chickens??
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(in reply to rulemylife)
Profile   Post #: 85
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:21:27 AM   
rulemylife


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Joined: 8/23/2004
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quote:

ORIGINAL: Thadius

...and the impending contraction due to inflation and rise in interest rates.


Uh, what inflation?



Table of Inflation Rates by Month and Year (1999-2009)


Year   Jan   Feb      Mar       Apr        May        Jun          Jul         Aug       Sep    Oct     Nov   Dec   Annual

2009    0      0.2      -0.4      -0.7        -1.3         -1.4         -2.1       -1.5       -1.3

(Current Inflation Rates | Monthly and Yearly)







< Message edited by rulemylife -- 10/16/2009 5:26:57 AM >

(in reply to Thadius)
Profile   Post #: 86
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:22:20 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		i wanna be charlotte up in the corner!

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to Lucylastic)
Profile   Post #: 87
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:25:57 AM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		Most of the talking heads on the CNN and FOX business shows pretty much agree that inflation in on the way. There will be no way around it.

(in reply to rulemylife)
Profile   Post #: 88
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:40:42 AM   
rulemylife


Posts: 14614
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quote:

ORIGINAL: tazzygirl

Because they hope to be among them one day.... chuckles.


I think that's actually very true.

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Profile   Post #: 89
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:45:08 AM   
rulemylife


Posts: 14614
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quote:

ORIGINAL: servantforuse

Lets call the estate tax what it is. It's a death tax. The govt didn't get enough of your hard earned money when you are alive so they take the rest when you die.


Right now, they don't take anything if you don't leave an estate valued at more than $3.5 million.

And this applies to a very small percentage of the population.

So why has this become such an issue for a large number of people who will never be affected by it one way or the other?

(in reply to servantforuse)
Profile   Post #: 90
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 5:54:02 AM   
rulemylife


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quote:

ORIGINAL: servantforuse

Most of the talking heads on the CNN and FOX business shows pretty much agree that inflation in on the way. There will be no way around it.


I see.

So now we can argue that inflation is a problem, even though we are not experiencing inflation, because someone predicted it on tv.



(in reply to servantforuse)
Profile   Post #: 91
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 6:03:29 AM   
NeedToUseYou


Posts: 2297
Joined: 12/24/2005
From: None of your business
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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: NeedToUseYou

The people ultimately are more scared of the rich not being rich than a chance of real change in the power structure.


I think that sums it up nicely, but I've never been able to figure it out.

Why is it so many people will defend the rights of the wealthy, the repeal of the estate tax for example, when they have no stake in the outcome?





Well, I hope you don't think I'm for more taxation. It's quite unnecessary if the government stopped giving welfare to megacorps and the wealthy. I see the problem as government mixed with Mega-Corps, mixed with a general apathy among the lower tiers of the socio-economic ladder.

As in we have a severe problem in the US in the way we perceive the world.

The poor think they deserve more.
The middle class think they deserve more.
The wealthy think they deserve more.
The government thinks it can spend, control, monitor, attack, patrol, manipulate, bully, bribe more.
The Mega-Corps feel entitled to property, tax breaks, tax diversion, resources, bribery, whether that helps, hurts, destroys or whatever.

If you want to know what I think the problem is, it isn't a particular tax, health care, or any single issue like that, it's the feeling we have that we deserve an unrealistic level of compensation, or control than isn't  feasible and sustainable in reality.

My saying for it, is humping a dream that died long ago, or probably never existed in terms people believe the US is supposed to be.

Sure, some can be rich, sure many can be middle class, but invariably people think it should be easy to do such, as if a good life is a right. The reality is it is only easy if corrupt, and even if not corrupt to acquire wealth it should include accepting risk.  We worship laziness vulgarity, whores, and pretty boys reading from teleprompters (that's the culture), we are a culture always on the lookout for an angle, to replace hard work, or make an excuse for our own failures.

I've yet to meet a person that works hard by my standards, that hasn't improved their position with time. However, I mostly meet people with standards that don't match their will.

I like giving examples:
I know a mechanic, he fixed a transmission, his helper hooked it up wrong, thought it'd last a few months after he went back in a hooked it up right. He was bragging that the guy was stupid and he got the money (He didn't realize I over heard). Well, the transmission broke down several counties away. Now he eats the cost. Also, he was wanting us to invest some money in his business, we were thinking about it before, now there is a zero percent chance, as I don't willing do business with people that don't at least try to do it honestly.

Anyway, he'll wonder why in a few months, business is dying, he'll be mad we are cold now on the idea of investment. He'll probably blame it on the world, and say he worked hard but just couldn't make it. In reality, He was looking for an angle, people realized that, and the trusting dried up.

We as a country are like that, not all but more than makes me comfortable about the future.

So, is it a tax, is it a political party, is it the elderly, young, disabled, the rich, poor, middle class, the unions, the unemployed. YES.

I'm a little grumpy today. hehe.



(in reply to rulemylife)
Profile   Post #: 92
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 11:59:07 AM   
Thadius


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Joined: 10/11/2005
Status: offline
quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: Thadius

...and the impending contraction due to inflation and rise in interest rates.


Uh, what inflation?



Table of Inflation Rates by Month and Year (1999-2009)


Year   Jan   Feb      Mar       Apr        May        Jun          Jul         Aug       Sep    Oct     Nov   Dec   Annual

2009    0      0.2      -0.4      -0.7        -1.3         -1.4         -2.1       -1.5       -1.3

(Current Inflation Rates | Monthly and Yearly)








IF you don't think that we have some massive inflation coming down the pipe, I don't know what to tell ya.  With all of the fake paper the Fed has printed, how low interest rates currently are, oh did I mention the devaluation of the US dollar, it seems to me that the writing is on the wall.

I pray that I am wrong.  I really do hope so.

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(in reply to rulemylife)
Profile   Post #: 93
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 1:46:21 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		I think you are, Thadius.

All money is fake paper. That's a moot point. And certainly the Fed is aware that raising interest rates to prevent/control inflation is next--just not a great idea during the recession. As the recovery gains strength, it will happen. It's among the Fed's main jobs, and the Fed is able to act very quickly when needed.

Of far greater concern is our structural fiscal situation and the trade deficit. These will continue to be heavy anchors, and will get worse if we don't addressing them realistically.

Live well,

Tim

< Message edited by Musicmystery -- 10/16/2009 1:47:03 PM >

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Profile   Post #: 94
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 3:09:13 PM   
ThatDamnedPanda


Posts: 6060
Joined: 1/26/2009
Status: offline 		I'm a little surprised that  nobody's mentioned yet the relationship between the Dow and the unemployment numbers.

One of the factors driving this remarkable rally is that many companies are showing much higher earnings that analysts expected. The trouble is that, for most companies showing increased earnings, revenue is still down.

So, if they're taking in less money than they were expecting, where are the increased earnings  coming from? From cutting costs.

What costs? Well, jobs, to a large degree. American businesses are staying alive by firing their own customers.

That's why I don't trust this rally. It's just another bubble - there's no foundation for it. Increased earnings through trimming payroll only works to a certain extent, because you can only fire so many people. In order to achieve sustainable growth, a company needs to find new business and new revenue, which usually means hiring new employees to do the new work.With unemployment this high, and still climbing, it's likely that revenues will continue to drop, because fewer and fewer people will be able to purchase the goods and services.  And earnings will begin to slide again.

Unless American businesses catch this earnings  bounce and use it to start adding to the workforce, valuations of companies will soon begin to decline, and it'll be a hell of a long time before we see 10,000 again. Watch the unemployment numbers over the next couple-3 months, and I think you'll have a pretty good idea of which direction the Dow is going to go in early 2010.

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Profile   Post #: 95
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 3:17:33 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		I don't think I'd call it a rally, Panda. And I'm of the opinion that market indexes are largely useless.

Slow employment growth is quite common after a recession. Small consolation, perhaps, but true.

(in reply to ThatDamnedPanda)
Profile   Post #: 96
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 3:20:21 PM   
mnottertail


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Joined: 11/3/2004
Status: offline 		well, the dow is below 10k so it is all for naught at any rate.

John Pierpoint Morgan

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Profile   Post #: 97
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 3:21:02 PM   
Ialdabaoth


Posts: 1073
Joined: 5/4/2008
From: Tempe, AZ
Status: offline
quote:

ORIGINAL: rulemylife
Why is it so many people will defend the rights of the wealthy, the repeal of the estate tax for example, when they have no stake in the outcome?

Lottery mentality. They want to believe that they can be filthy rich too, and they don't want to think about the odds.

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Profile   Post #: 98
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 3:34:29 PM   
ThatDamnedPanda


Posts: 6060
Joined: 1/26/2009
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quote:

ORIGINAL: mnottertail

well, the dow is below 10k so it is all for naught at any rate.



There! See? What'd I tell you all?


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Panda, panda, burning bright
In the forest of the night
What immortal hand or eye
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Profile   Post #: 99
RE: DJ industrials pass 10,000 for 1st time in a year - 10/16/2009 3:40:56 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Bamboo futures are down too...

(in reply to ThatDamnedPanda)
Profile   Post #: 100
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