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All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Dow Jones hits new high, closes above 15,000 for first time

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Dow Jones hits new high, closes above 15,000 for first ... - 5/30/2013 8:00:14 PM

Owner59

Posts: 17033
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From: Dirty Jersey
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Gobama!

What was the Dow Jones average when the President took office?

While our adult geopee-children cry and whine and govern through fake scandal......the President will be outshining their pathetically weak asses and walking tall, over the next year and a half....

http://www.washingtontimes.com/news/2013/may/7/dow-jones-hits-new-high-closes-above-15000-first-t/?page=all

"The Dow briefly cracked the 15,000 barrier last Friday, peaking at 15,009.59 before falling back below the mark later that day. On Tuesday, it closed at a new all-time high of 15,056.20, up 87 points, or nearly 1 percent — the latest in a string of record closes for Wall Street, which has put the recession in the rearview mirror.

Markets around the world were also up, reflecting rising investor sentiment that the U.S. economic recovery is firmly on track and the Federal Reserve remains committed to low interest rates. Investors also seem to believe that Europe is getting a handle on its financial crisis.

“The stock market has been on a strong run for several months now,” said Mark Hamrick, Bankrate.com’s Washington bureau chief. “I think the markets have put much of the Great Recession behind them as the economy has been expanding at a decent rate.”

The broader Standard & Poor’s 500 index has also enjoyed a nice run in 2013. The S&P closed Tuesday at 1,625.96, up 8 points, or less than 1 percent. It also broke the 1,600 barrier on Friday, and has held on to its gains.

The Nasdaq closed up more than 3 points or less than 1 percent at 3,396.63, well below a record high.

Analysts say investors are gaining confidence in the markets, which is fueling the recent gains.

“That’s really a vote of confidence in the economic recovery,” said Paul Edelstein, director of financial economics at IHS Global Insight. He pointed out that as the stock market has ticked up, bonds, which are viewed as a safer investment, have declined. That means investors are feeling safer about stocks, and see less of a need to hedge against possible downturns"

< Message edited by Owner59 -- 5/30/2013 8:02:33 PM >

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

Post #: 1

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/30/2013 10:56:31 PM

Marini

Posts: 3629
Joined: 2/14/2010
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Yeee Hawww

Time for some Dave Chappelle.

I'm Rich Bitch!

< Message edited by Marini -- 5/30/2013 10:57:42 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to Owner59)

Post #: 2

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 6:08:57 AM

RottenJohnny

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quote:

ORIGINAL: Owner59

Gobama!

So what do you think are the specific reasons that Obama deserves the credit here instead of the greedy capitalists?

< Message edited by RottenJohnny -- 5/31/2013 6:11:42 AM >

_____________________________

"I find your arguments strewn with gaping defects in logic." - Mr. Spock

"Give me liberty or give me death." - Patrick Henry

I believe in common sense, not common opinions. - Me

(in reply to Marini)

Post #: 3

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 6:11:06 AM

DaddySatyr

Posts: 9381
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From: Pittston, Pennsyltucky
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quote:

ORIGINAL: RottenJohnny

So what do you think are the specific reasons that Obama deserves the credit here instead of the greedy capitalists?

Political convenience? When the exchange was booming under Bush II, it was a sign of evil; the 1% were taking over.

Peace and comfort,

Michael

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Screen captures (and pissing on shadows) still RULE! Ya feel me?

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RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 6:13:34 AM

RottenJohnny

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quote:

ORIGINAL: DaddySatyr

Political convenience?

That's kinda how I see it.

_____________________________

"I find your arguments strewn with gaping defects in logic." - Mr. Spock

"Give me liberty or give me death." - Patrick Henry

I believe in common sense, not common opinions. - Me

(in reply to DaddySatyr)

Post #: 5

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 6:34:24 AM

Yachtie

Posts: 3593
Joined: 1/18/2012
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FR

For very dark reasons, I can't wait till it all implodes.

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to RottenJohnny)

Post #: 6

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 6:59:32 AM

Hillwilliam

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quote:

ORIGINAL: DaddySatyr

quote:

ORIGINAL: RottenJohnny

So what do you think are the specific reasons that Obama deserves the credit here instead of the greedy capitalists?

Political convenience? When the exchange was booming under Bush II, it was a sign of evil; the 1% were taking over.

Peace and comfort,

Michael

What boom?

The market closed on 01/20/2001 at 10,587.6
8 years later, it closed at 8281.22
That's a loss of about 22%, not a boom.
The term 1% wasn't used during that era.

As far as the market growing, hell folks, it had no place to go but up.

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Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

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RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 7:08:24 AM

LizDeluxe

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quote:

ORIGINAL: DaddySatyr
When the exchange was booming under Bush II, it was a sign of evil; the 1% were taking over.

It's different under Obama, though. It's not the 1% driving the market up. It's the record number of people he has getting food stamps that are trading them in for stocks. My concern is whether they will pay their fair share of taxes on those dividends.

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While is there no liberal talk radio? There are at least five conservative talk radio shows available over the air every day in the radio market I live in. Why does the liberal message fail to attract listeners?

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RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 8:30:39 AM

RottenJohnny

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quote:

ORIGINAL: LizDeluxe

...It's the record number of people he has getting food stamps that are trading them in for stocks.

Can you clarify that statement? Trading food stamps for stocks? Is this actually happening?

_____________________________

"I find your arguments strewn with gaping defects in logic." - Mr. Spock

"Give me liberty or give me death." - Patrick Henry

I believe in common sense, not common opinions. - Me

(in reply to LizDeluxe)

Post #: 9

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 8:40:59 AM

Owner59

Posts: 17033
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From: Dirty Jersey
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quote:

ORIGINAL: RottenJohnny

quote:

ORIGINAL: Owner59

Gobama!

So what do you think are the specific reasons that Obama deserves the credit here instead of the greedy capitalists?

Because he would be blamed if the economy was tanking and was blamed by your party for not fixing the damage your party did to our economy, fast enough.....Remember that?

No?

Well considering the lunatic fringe is trying to blame EVERYTHING bad that happens in America on President Obama......everything from bad weather to gas prices.......he automatically gets credit for the good things that happen.....And for that, we thank you.

Then of course there`s the fact that President did it with ZERO help from the goepee.

< Message edited by Owner59 -- 5/31/2013 8:41:50 AM >

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to RottenJohnny)

Post #: 10

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 8:43:10 AM

Hillwilliam

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Your mileage may vary on this one but IMO, Obama isn't a strong enough leader to be the driving force behind the market recovery.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Owner59)

Post #: 11

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 8:45:33 AM

Owner59

Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline

How do you think letting GM fail would have affected the national economy?

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

(in reply to Hillwilliam)

Post #: 12

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 8:56:41 AM

Hillwilliam

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I think it would have helped continue the downward trend initiated by his predecessor but I don't think it would have forced it to critical mass.
Obama's problem is that he isn't enough of a ruthless bastard. Carter had the same problem. Both seem to be good moral people but they don't have that ruthless streak.
Seriously, what do you think would have happened if Clinton had faced off against Boehner?
It would have been a fucking blood bath. Beneath that good old bubba exterior was a ruthless leader who got shit DONE.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Owner59)

Post #: 13

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 9:01:30 AM

Yachtie

Posts: 3593
Joined: 1/18/2012
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quote:

ORIGINAL: Owner59

How do you think letting GM fail would have affected the national economy?

Short term or long?

Short, it would have hurt like hell. Long, GM's assets would have been sold off to more efficient manufacturers. Bankruptcy is a natural order within business.
But, it's not GM that's driving the economy. Record profits by listed corporations are not due to consumer spending.

People who applaud this rise in the markets applaud a house of cards. It's built on sand and not solid fundamentals.

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to Owner59)

Post #: 14

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 9:29:51 AM

Yachtie

Posts: 3593
Joined: 1/18/2012
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Interesting ...

If wonderful times are ahead for U.S. financial markets, then why is so much of the smart money heading for the exits? Does it make sense for insiders to be getting out of stocks and real estate if prices are just going to continue to go up? The Dow is up about 17 percent so far this year, and it just keeps setting new record high after new record high. U.S. home prices have risen about 11 percent from a year ago, and some analysts are projecting that we are on the verge of a brand new housing boom.

Why would the smart money want to leave the party when it is just getting started? Well, of course the truth is that the "smart money" is regarded as being smart because they usually make better decisions than other people do. And right now the smart money is screaming that it is time to get out of the markets. For example, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years. The smart money is busy selling even as the dumb money is busy buying. So precisely what does the smart money expect to happen? Are they anticipating a market "correction" or something bigger than that?

Those are very good questions. Unfortunately, the smart money rarely divulges their secrets, so we can only watch what they do. And right now a lot of insiders are making some very interesting moves.

For example, George Soros has been dumping almost all of his financial stocks. The following is from a recent article by Becket Adams...

Everyone’s favorite billionaire investor is back in the spotlight, and this time he has a few people wondering what he’s up to.

George Soros has dumped his position with several major banks including JPMorgan Chase, Capitol One, SunTrust, and Morgan Stanley. He has reduced his exposure to Citigroup and decreased his stake in AIG by two-thirds.

In fact, Soros’ financial stock holdings are down by roughly 80 percent, a massive drop from his position just three months ago, according to SNL Financial.

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to Yachtie)

Post #: 15

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 9:59:08 AM

mnottertail

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I would not classify Soros as 'THE smart money'. He is a hedger. How many others are headed for the door? Look at precious metals, no money there right now, and so the money to be skint off the backs of the commoners is stockmarket.

Whether or not he has the timing right remains to be seen, what is Buffet doing with these guys in contrast?

What goes up, must come down. That is not proof positive of anything. Just an op-ed by a nobody.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

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RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 10:11:04 AM

RottenJohnny

Posts: 1677
Joined: 5/5/2006
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quote:

ORIGINAL: Owner59

Because he would be blamed if the economy was tanking and was blamed by your party for not fixing the damage your party did to our economy, fast enough.....Remember that?

MY party? Careful. You're making uninformed assumptions.

quote:

Well considering the lunatic fringe is trying to blame EVERYTHING bad that happens in America on President Obama......everything from bad weather to gas prices........he automatically gets credit for the good things that happen..

And we've never seen you do that to a President before? All while refusing to offer them the same credit for anything that went well while they were in office?

So, really, you're answer here isn't anything specific except that he deserves the credit simply because the Republicans blamed him for the bad stuff?

Who's the lunatic?

The lunatic is on the grass.
The lunatic is on the grass.
Remembering games and daisy chains and laughs.
Got to keep the loonies on the path.

_____________________________

"I find your arguments strewn with gaping defects in logic." - Mr. Spock

"Give me liberty or give me death." - Patrick Henry

I believe in common sense, not common opinions. - Me

(in reply to Owner59)

Post #: 17

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 10:14:13 AM

mnottertail

Posts: 60698
Joined: 11/3/2004
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quote:

All while refusing to offer them the same credit for anything that went well while they were in office?

And what might that have been?

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

(in reply to RottenJohnny)

Post #: 18

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 10:17:13 AM

Yachtie

Posts: 3593
Joined: 1/18/2012
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quote:

ORIGINAL: mnottertail

I would not classify Soros as 'THE smart money'. He is a hedger. How many others are headed for the door? Look at precious metals, no money there right now, and so the money to be skint off the backs of the commoners is stockmarket.

Whether or not he has the timing right remains to be seen, what is Buffet doing with these guys in contrast?

What goes up, must come down. That is not proof positive of anything. Just an op-ed by a nobody.

U.S. insider stock sales send up red flag for investors

Insider Trading Overview - MorningStar

Welcome to edition 153 of Insider Weekends. Insider buying decreased slightly with insiders purchasing $65.81 million of their stock last week compared to $66.13 million in the week prior. Selling increased with insiders selling $3.65 billion of stock last week compared to $2.06 billion in the week prior.

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

(in reply to mnottertail)

Post #: 19

RE: Dow Jones hits new high, closes above 15,000 for fi... - 5/31/2013 10:49:47 AM

mnottertail

Posts: 60698
Joined: 11/3/2004
Status: offline

Looking what is selling is more reason not to be alarmed, looks like options are being sold at highs for bonus and salary tradeoffs, not a broad insider sell off.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

(in reply to Yachtie)

Post #: 20

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