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RE: Fluffy Feel Good Money News about the US Stock Market - 12/25/2014 5:31:18 PM   
BitYakin


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quote:

ORIGINAL: bounty44


quote:

ORIGINAL: cloudboy


http://www.usatoday.com/story/money/markets/2014/12/23/djia-commerce-gdp-dow-stock/20803851/

THE BUSH YEARS ARE FINALLY BEHIND US!!!! (Mostly)

A stock rally that sent major stock indexes to new heights on Tuesday was buoyed by more than just holiday spirits, according to the pros.

Santa Claus came early this year by sending both the Dow Jones industrial average and the S&P 500 to new closing highs for a second consecutive day on Tuesday. The Dow closed up 0.4% to 18,024.17, following a previous closing high of 17,959.44 reached on Monday.

The S&P 500, meanwhile, closed up 0.2% to 2082.17, above its closing high of 2078.54. Only the Nasdaq composite of tech stocks broke the mold, trading down 0.3% to close at 4765.42.

While stock swings are easier to come by during a holiday week when volumes are light, economists said Tuesday's historic uptick is no Christmas miracle.

"Sure, liquidity is low toward the end of the year, but the fundamental improvements in the economy support an upward trajectory for the stock market," said Brett Ryan, an economist with Deutsche Bank.

"This is not valuation driven, this is not psychology driven — it's fundamentally driven," added David Darst, senior adviser to Morgan Stanley, of Tuesday's rally.


neverminding that the "bush years" you are disparagingly referring to were largely a result of the housing bubble, which was overwhelmingly a liberal-caused phenomena.



ahh those HORRIBLE bush years, back when I had a savings account, wouldn't want THAT AGAIN!!!

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/25/2014 5:52:10 PM   
slvemike4u


Posts: 17896
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Status: offline 		Is that all that you remember from those years,you had a savings account ?
Nothing else was going wrong far as you could see,eh ?

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/25/2014 8:52:24 PM   
cloudboy


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I have to say this thread simply generated a sad (very sad) group of responses. Who knew good economic news could be this much of a downer.


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RE: Fluffy Feel Good Money News about the US Stock Market - 12/25/2014 8:58:41 PM   
Gauge


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quote:

ORIGINAL: cloudboy


I have to say this thread simply generated a sad (very sad) group of responses. Who knew good economic news could be this much of a downer.




Or maybe the responses speak to the larger problem that people are tired of working their fucking asses off and have shit to show for it, meanwhile the fat cats keep eating the middle class like errant mice.

Good economic news is fine, but it doesn't tip the scales toward prosperity by any stretch of the imagination.

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 4:42:12 AM   
freedomdwarf1


Posts: 6845
Joined: 10/23/2012
Status: offline 		The same with us over here too.

Forever being told the economy is picking up and doing better than expected from a year ago.
But who are the benefactors???
It sure as fuck ain't the ordinary people.

In my case, my income has gone down, food and general living has doubled.
As for oil prices, they have plummeted from $140~something a barrel to less than $60 yet our fuel/gas prices are only 15% cheaper. WTF??

Good economy - for the fat cats; not for ordinary people.
Fluffy feel-good news??? Not for me it isn't. It's even more misery and debt.


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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 7:12:59 AM   
DesideriScuri


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quote:

ORIGINAL: freedomdwarf1
As for oil prices, they have plummeted from $140~something a barrel to less than $60 yet our fuel/gas prices are only 15% cheaper. WTF??


Damn. From what I remember, gas prices were $4.25/gallon (at the "cheap" places) in my area back in the summer of '08 (and I was driving a lot for work back then), and I've seen prices as low as $1.84/gallon (cash; $1.89/gallon if you use credit) and $1.88/gallon (regardless of how you pay). At least in the US, the graphs of the price of oil and the price of gas at the pump generally follow each other.




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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 7:19:46 AM   
freedomdwarf1


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quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: freedomdwarf1
As for oil prices, they have plummeted from $140~something a barrel to less than $60 yet our fuel/gas prices are only 15% cheaper. WTF??


Damn. From what I remember, gas prices were $4.25/gallon (at the "cheap" places) in my area back in the summer of '08 (and I was driving a lot for work back then), and I've seen prices as low as $1.84/gallon (cash; $1.89/gallon if you use credit) and $1.88/gallon (regardless of how you pay). At least in the US, the graphs of the price of oil and the price of gas at the pump generally follow each other.




I wish they did here!
And your prices 'per gallon' are about the same as our prices per litre!!
...and that's after the recent price drop!


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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 7:23:41 AM   
Lucylastic


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Status: offline 		Prices were up here to 1.50 a litre, they sank to 96 cents a litre but now is back up to 99 cents a litre
DS you are correct about it being over 4$ qa gallon back in the summer of 2008:) I remember it well.

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 7:24:37 AM   
cloudboy


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Status: offline 		I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.

< Message edited by cloudboy -- 12/26/2014 7:25:59 AM >

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 9:05:33 AM   
Sanity


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quote:

ORIGINAL: cloudboy

I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.


I recall asking you directly when the market was down if the president was responsible for the stock market and that you refused to give a direct answer

I also recall how for years the left has been saying that the "do nothing congress" (Republicans) are responsible for the economy

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 9:12:26 AM   
freedomdwarf1


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quote:

ORIGINAL: Sanity


quote:

ORIGINAL: cloudboy

I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.


I recall asking you directly when the market was down if the president was responsible for the stock market and that you refused to give a direct answer

I also recall how for years the left has been saying that the "do nothing congress" (Republicans) are responsible for the economy

That's because, in most cases, they block any moves to make it any better for most people.
But of course, you don't like the truth do you.
You like the think the lefties are evil and the righties are all good.
Somehow, I don't think the GoP would have even gotten close to what Obama has done for the US.
You might not like it but those evil lefties got your country out of the economic shit-hole and rescued your auto industry.



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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 9:25:30 AM   
Lucylastic


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quote:

ORIGINAL: Sanity


quote:

ORIGINAL: cloudboy

I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.


I recall asking you directly when the market was down if the president was responsible for the stock market and that you refused to give a direct answer

I also recall how for years the left has been saying that the "do nothing congress" (Republicans) are responsible for the economy

Ahhhh yes I remember it well
revives an 8 month old thread and demands a response which actually didnt mention the markets being down at the time, but 8 months previously

The fact that the response he gave you overwhelmed your bag of nuts showed a response far better than you hoped so you ignored it and claimed it was all C&P and thats not allowed when it shows you for being the superb "great debater" you think you are.
LMFAO

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 9:53:27 AM   
Sanity


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From: Nampa, Idaho USA
Status: offline
quote:

ORIGINAL: Lucylastic


quote:

ORIGINAL: Sanity


quote:

ORIGINAL: cloudboy

I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.


I recall asking you directly when the market was down if the president was responsible for the stock market and that you refused to give a direct answer

I also recall how for years the left has been saying that the "do nothing congress" (Republicans) are responsible for the economy

Ahhhh yes I remember it well
revives an 8 month old thread and demands a response which actually didnt mention the markets being down at the time, but 8 months previously

The fact that the response he gave you overwhelmed your bag of nuts showed a response far better than you hoped so you ignored it and claimed it was all C&P and thats not allowed when it shows you for being the superb "great debater" you think you are.
LMFAO


Yes, I am sure his copy&paste non-answer impressed you immensely

Yet still no honest rebuttal as to why, if the economy or stock market is down the president has nothing to do with it, its all the Republicans' fault for blocking his agenda etc

But if things are good, its all about Obama

We dont have honest debate here from the people on the left, just trollishness like your reply above, copy&paste from blogs or other far left sources of misinformation, lies and idiotic repetitive talking point mantra

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 9:56:36 AM   
freedomdwarf1


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quote:

ORIGINAL: Sanity
We dont have honest debate here from the people on the left, just trollishness like your reply above, copy&paste from blogs or other far left sources of misinformation, lies and idiotic repetitive talking point mantra

And your trollish overtly right-wing nonsense is any better??
If anything, it's much worse and even more moronic.

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 10:01:42 AM   
Lucylastic


Posts: 40310
Status: offline
quote:

ORIGINAL: Sanity


We dont have honest debate here from the people on the left, just trollishness like your reply above, copy&paste from blogs or other far left sources of misinformation, lies and idiotic repetitive talking point mantra

and you stating that fox affiliate in baltimore just had an oops moment, called it lies until I gave you seven different links
just because fox, drudge, rush, and the other daily rw lame media doesnt put out what you want, everything else is far left blogging and lies, doesnt make it so.


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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 10:21:47 AM   
Marini


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quote:

ORIGINAL: cloudboy

I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.


The thing is it is good news, you are not the only person who has a retirement that is linked to the stock market, many of us are not out of touch with the REALITY of life for the large majority of the working class, working poor/lower middle class, and the dying/disappearing "middle class".

The middle class is dying, many people are struggling, many people can not find full time jobs paying decent wages, many young people out of college are not finding jobs, many people cant find or afford decent housing, many people are struggling like hell, and many people are hungry and/are homeless. and the stock market is not changing their reality.

cloudboy, you appear to be "seriously"out of touch with how most people are doing.

We talk about this ALL the time on here, but it's as if you can't grasp this, or you don't believe it.
You come off as a "liberal" with the "let them eat cake", with your "Fluffy Feel Good Money News about the US Stock Market."
Most people are not dancing a jig, over the stock market.


< Message edited by Marini -- 12/26/2014 10:42:58 AM >

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 10:45:26 AM   
Gauge


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quote:

ORIGINAL: cloudboy

I don't have to be told anything, I can just look at our retirement accounts. I can also compare US economic news with that of Europe, Japan, and Russia.


Your IRA and Europe, Japan, and Russia have fuckall to do with anything.

People who are working full time are struggling like hell to make ends meet, pay bills, buy food and services, and have less disposable income than ever before. In spite of that, the stock market, in which few are invested enough to make a serious financial difference in their lives, is skyrocketing.

Big. Fat. Hairy. Deal.

Congratulations to the 1%. I don't hate the rich people... good for them... what I do hate is the fact that the common man just keeps getting poorer, this is not good economic news, this is a disturbing trend. This country has done exceptionally well when the middle class has been thriving... don't take my word for it, just read history. The middle class is dying, and jobs are vanishing at an alarming rate because corporations move them overseas so they can make huge profits with cheap labor. This bubble will burst eventually, and when it does and that bill comes due, it is going to be ugly... really ugly.

When that money from the stock market finds its way to the common folk, give me a call.

_____________________________

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I'm wearing my chicken suit and humming La Marseillaise.

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 12:17:01 PM   
BitYakin


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quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: freedomdwarf1
As for oil prices, they have plummeted from $140~something a barrel to less than $60 yet our fuel/gas prices are only 15% cheaper. WTF??


Damn. From what I remember, gas prices were $4.25/gallon (at the "cheap" places) in my area back in the summer of '08 (and I was driving a lot for work back then), and I've seen prices as low as $1.84/gallon (cash; $1.89/gallon if you use credit) and $1.88/gallon (regardless of how you pay). At least in the US, the graphs of the price of oil and the price of gas at the pump generally follow each other.





really 4 dollars a gallon in 2008?
hmmmmm

http://www.consumerreports.org/cro/news/2008/12/average-gas-prices-december-29-2008/index.htm

I remember it got up to 4 a gallon for a lil over a month after Katrina...

I remember prices started to rise in 09, reached aprox 4 dollars a gallon and held steady there for almost 6 years....

BTW some may remember I am a plumber and buy gas and drive EVERY day



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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 12:25:44 PM   
Lucylastic


Posts: 40310
Status: offline 		You are innaccurate....again



http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=3

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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 12:51:44 PM   
bounty44


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Joined: 11/1/2014
Status: offline 		I also recall how for years the left has been saying that the "do nothing congress" (Republicans) are responsible for the economy
[/quote]
That's because, in most cases, they block any moves to make it any better for most people.
But of course, you don't like the truth do you.
You like the think the lefties are evil and the righties are all good.
Somehow, I don't think the GoP would have even gotten close to what Obama has done for the US.
You might not like it but those evil lefties got your country out of the economic shit-hole and rescued your auto industry.


[/quote]

"...to what Obama has done for the US."

let's see: there's an increase in the deficit which lead to a downgrading in credit, an increase in the size and scope of government which costs taxpayers more, regulations that have costs businesses billions of dollars to comply with, Obamacare which has stifled job growth, the stimulus which was full of cronyism and failed green projects, dodd-frank which has costs banks and consumers billions, and those are just the ones off the top of my head.

also---one gets tired of hearing about the "do nothing" republican congress, for two reasons: one is, the democrats held sway for the majority of Obama's presidency, so the argument doesn't hold water on its face. Second, its the republican's jobs to represent their constituency, not to go along with and support whatever the democrats propose.

one should only have to look at the results of the last two congressional elections to get a sense of that americans aren't happy with Obama, democrats or the economy.

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