RE: Dow Jones hits new high, closes above 15,000 for first time

RE: Dow Jones hits new high, closes above 15,000 for first time (Full Version)

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DaddySatyr -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 10:53:24 AM)
Well, at least we got one thread where the Oblamerbots aren't ranting about Bush II LOL Surely, somehow, this *must* be Bush's fault. No?

Yachtie -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 10:55:09 AM)
quote: ORIGINAL: DaddySatyr Well, at least we got one thread where the Oblamerbots aren't ranting about Bush II LOL Surely, somehow, this *must* be Bush's fault. No? Give it time.[8D]

mnottertail -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 11:01:32 AM)
I see the teabaggers are still spewing untutored simplistic jingoes as, 'ideas', 'fact' and 'realities' without cease.

DesideriScuri -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 11:21:36 AM)
quote: ORIGINAL: Hillwilliam 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. Well, based on your slant, you'll remain neutral as Obama's term hasn't ended, so, obviously, he can't be credited with anything yet. Edited to add: [image]http://stockcharts.com/freecharts/historical/images/djia2000s.png[/image]

Hillwilliam -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 11:24:23 AM)
quote: ORIGINAL: DesideriScuri quote: ORIGINAL: Hillwilliam 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. Well, based on your slant, you'll remain neutral as Obama's term hasn't ended, so, obviously, he can't be credited with anything yet. That's what I said in post #13 and why.

DaddySatyr -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 11:40:48 AM)
quote: ORIGINAL: DesideriScuri Edited to add: [image]http://stockcharts.com/freecharts/historical/images/djia2000s.png[/image] Hmmm ... it looks like a pretty good rise there between (?APR?) '03 and (?APR?) '04 and could that really low period in (?OCT?) '02 be when the Enron/tech bubble/Clinton book cooking burst? Bush was handed a shit-mess by Clinton but he didn't blame the commander-in-heat; he just rolled up his sleeves and did what he felt was best. Peace and comfort, Michael

Hillwilliam -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 11:49:18 AM)
quote: ORIGINAL: DaddySatyr Hmmm ... it looks like a pretty good rise there between (?APR?) '03 and (?APR?) '04 and could that really low period in (?OCT?) '02 be when the Enron/tech bubble/Clinton book cooking burst? Bush was handed a shit-mess by Clinton but he didn't blame the commander-in-heat; he just rolled up his sleeves and did what he felt was best. Peace and comfort, Michael On the first day of Clinton's presidency, the market closed at 3241 On the last market day of Clinton's presidency, the market closed at 10,587. That's a 225+ % rise As I said before, during the next 8 years, the market lost over 20% Keep drinking that [8\|] [image]local://upfiles/664494/06D9D3A18CB843C080FE0CCD6701DCD9.jpg[/image] Raw numbers don't lie. ETA Enron was a full year before the Oct 02 low period. It's really easy to look up yourself.

mnottertail -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 12:00:42 PM)
After the September 11th attacks, and the resulting downturn of business across the globe? I think you are spewing foundationless asswipe from some teabagging bloggers somewhere. The Enron hit et all was taken in place in 2001. The dot.com bubble was broken in 2002 late like October, and into 2003. Who was at the helm? Who was the lassize faire SEC and other administration watchdogs administration? Still fighting with those days now, and bringing companies to justice. W may have been handed an economy headed downhill, but he insured it sank into the shitter.

vincentML -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 2:15:55 PM)
quote: Hmmm ... it looks like a pretty good rise there between (?APR?) '03 and (?APR?) '04 and could that really low period in (?OCT?) '02 be when the Enron/tech bubble/Clinton book cooking burst? Bush was handed a shit-mess by Clinton but he didn't blame the commander-in-heat; he just rolled up his sleeves and did what he felt was best. You've conveniently forgotten the 9/11 attack on the twin trade towers and Bush's preparation for war in Iraq. Clinton had nothing to do with it. N O T H I N G ! Enron shareholders filed a $40 billion law suit after the company's stock price, which achieved a high of US$90 per share in mid-2000, plummeted to less than $1 by the end of November 2001. You torture history, Michael. A bit biased? [:D]

Yachtie -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 2:27:00 PM)
quote: ORIGINAL: mnottertail I see the teabaggers are still spewing untutored simplistic jingoes as, 'ideas', 'fact' and 'realities' without cease. So, mn, what does your fine market analysis say about the charts? (see link)

slvemike4u -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 2:35:06 PM)
quote: ORIGINAL: DaddySatyr quote: ORIGINAL: DesideriScuri Edited to add: [image]http://stockcharts.com/freecharts/historical/images/djia2000s.png[/image] Hmmm ... it looks like a pretty good rise there between (?APR?) '03 and (?APR?) '04 and could that really low period in (?OCT?) '02 be when the Enron/tech bubble/Clinton book cooking burst? Bush was handed a shit-mess by Clinton but he didn't blame the commander-in-heat; he just rolled up his sleeves and did what he felt was best. Peace and comfort, Michael This is intended to be comedy ,isn't it ? "rolled up his sleeves and did what he felt was best" The man was a fucking idiot ,most everyone else has realized this....why are you still praying at this alter ?

mnottertail -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 2:35:27 PM)
I dont know why the quote would be in there then. corporate profits are up, interest rates low, bonds are for shit, lot of that qe cash and bailout cash sitting in banks to be leveraged (remember an investment bank and a stock touting company are still the same thing), zerohedge is a waste of time, jobs are being worked for less, the tax havens are getting the break as well as corporate malfeasance, and precious metals skint off their share, it is time for corporate interests to skin the sheep thinking they are hogs, and that is about it, irrational exuberance. I am betting they are going to freak on the qe backoff, the debt crisis after the summer and shit like that, and some folks are gonna take a fuckin haircut.

vincentML -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 2:53:52 PM)
quote: and that is about it, irrational exuberance. I am betting they are going to freak on the qe backoff, the debt crisis after the summer and shit like that, and some folks are gonna take a fuckin haircut. The shearing of the sheep may have already begun.

DaddySatyr -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 3:02:35 PM)
quote: ORIGINAL: vincentML quote: Hmmm ... it looks like a pretty good rise there between (?APR?) '03 and (?APR?) '04 and could that really low period in (?OCT?) '02 be when the Enron/tech bubble/Clinton book cooking burst? Bush was handed a shit-mess by Clinton but he didn't blame the commander-in-heat; he just rolled up his sleeves and did what he felt was best. You've conveniently forgotten the 9/11 attack on the twin trade towers and Bush's preparation for war in Iraq. Clinton had nothing to do with it. N O T H I N G ! Enron shareholders filed a $40 billion law suit after the company's stock price, which achieved a high of US$90 per share in mid-2000, plummeted to less than $1 by the end of November 2001. You torture history, Michael. A bit biased? [:D] So ... on 08 NOV 2001 Enron didn't file with the SEC changing their allegedly HUGE profits over 5 years to a 600M loss? No revisionist history, just evidence that they were scamming their stock holders for at least 5 years. From right above your snip: "Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. Several years later, when Jeffrey Skilling was hired, he developed a staff of executives that, by the use of accounting loopholes, special purpose entities, and poor financial reporting, were able to hide billions of dollars in debt from failed deals and projects. Chief Financial Officer Andrew Fastow and other executives not only misled Enron's board of directors and audit committee on high-risk accounting practices, but also pressured Andersen to ignore the issues." The shit hit the fan in OCT 2001. They did all of that in 10 months? Really? Peace and comfort, Michael

mnottertail -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 3:15:01 PM)
Yeah, the deregulation that was conducted under St. Wrinklemeat (when Lay first came in) and continuted under no new taxes bush. Small businesses, small shopkeepers and small farmers were doing alright. But Republican deregulations had given unfair advantages and tax breaks to the big businesses and to the large farms at the expense of the small ones. That's why by 1987 the small businesses’ and farms' bankruptcies and the unemployment hit the record levels. Wall Street had been strictly regulated and watched over. After the Republican deregulations, the crooks like Ivan Boskey, Mike Milken and others were given a free hand to swindle and to pillage. Millions of small investors had lost billions of dollars in the "Junk Bonds" frauds and insider trading, while a few over-night billionaires were born at the expense of many ruined American families. We had no "Savings and Loans" problems. "Savings and Loans" was a Republican idea. After years of appalling mismanagement all S&L Banks had gone chapter eleven. Speaking of S&L scandal, Neil Bush, a son of then President Bush Sr. was directly involved in the S&L crash. Using his father, the President, as collateral, Neil Bush got to manage one S&L Bank. Or shall we say, he got to mismanage it into chapter eleven like the rest of the S&Ls. For that he was “severely” slapped on the wrist – he had to pay $50,000 fine after having squandered $1.5 billion of taxpayers’ money. Where did all those S&L billions of dollars go? The Republicans had never investigated the losses and never went after those who had “lost” the money. They had just said that the money was gone. Period. Such a colossal collapse had left Republican Administration short of funds. That’s why “read my lips, no more new taxes” President Bush Sr. had raised our taxes and we, the taxpayers, had to pay for the Republican mismanagement. Back in the eighties some unscrupulous members of Reagan advisers’ team had secretly diverted large sums of *OIL* money to the Nicaraguan rebels called “Contras”. 12 or more years of wink and welfare takes time to unravel, and some of that itme was with a republican congress under Clinton, and stonewalling. And the SEC was a wink and welfare system for more than 12 years under continuous republican administrations and not so easily kicked out and regulations in place in all that time under clinton. They have it set up, so that nobody was watching until after you failed. See the to big to fail. So, yeah, longer than 10 months. at least 3 administrations.

LookieNoNookie -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 3:50:04 PM)
quote: ORIGINAL: Owner59 Gobama![:D] [sm=dancer.gif] What was the Dow Jones average when the President took office? [:D] 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" Go Federal Reserve!!!!

cloudboy -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 6:35:10 PM)
Fact don't penetrate through to some posters. As for the market and the economy, it's not so much that Obama deserves "credit," as much as the economic recovery (if you want to call it that) impeaches the Republican claims of "gloom, doom, and armageddon" regarding the stimulus, tax increases, and tighter regulations. What's clear is that the right is dominated by identity politics. No credit goes to Obama or the democrats for anything, and all focus is continually shifted onto attack points: Reverend Wright, "the bailouts," Obamacare@!#$$, Benghazi, the IRS, and other such sideshows. What's left is an empty platform beyond platitudes of "freedom" and "the free-market cures all." How do you govern when you don't believe in government? What credible solutions do you propose for health care and deficit reduction? How do you stimulate the economy in non, Bush-like disaster ways? How do you represent Big Business and the Super Rich and still come across as caring about the average American. How can you extricate yourself from the gay-bigots and religious nutcases? How long can you deny climate change? Is it smart opposing an empowered EPA and Consumer Protection Divisions? How can you shed the legacy of the Bush Administration that blundered two wars, squandered a budget surplus, ignored warnings about Bin Laden, and steered the economy off a cliff?

cloudboy -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 6:48:29 PM)
Bill Maher would tell you nothing gets through. "They don't know what's going on the real world." "They need to get their information from a better source than Fox News."

DesideriScuri -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 8:09:24 PM)
quote: ORIGINAL: DaddySatyr Hmmm ... it looks like a pretty good rise there between (?APR?) '03 and (?APR?) '04 and could that really low period in (?OCT?) '02 be when the Enron/tech bubble/Clinton book cooking burst? Bush was handed a shit-mess by Clinton but he didn't blame the commander-in-heat; he just rolled up his sleeves and did what he felt was best. Peace and comfort, Michael Actually, Michael, the dotcom bubble started right as Clinton left and Bush came in. Sure, Enron's scam didn't help, but the dotcom shit had already hit the fan. Then 9/11 gave the economy yet another punch in the gut.

vincentML -> RE: Dow Jones hits new high, closes above 15,000 for first time (5/31/2013 8:39:44 PM)
quote: The shit hit the fan in OCT 2001. They did all of that in 10 months? Really? Michael . . . . The stock crashed in OCT 2001. Yes. [image]local://upfiles/897398/F8A71351AD2B44269A476112B86A5310.gif[/image]

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