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Dow Jones hits highest mark since 2007

hazlnut

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Dow Jones hits highest mark since 2007 - CSMonitor.com

Will we hear Sean Hannity say, "Thank you Mr. President, I was wrong about you and your socialist policies."

The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.

Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose.
A measure of manufacturing employment also reached a nine-month high, a hopeful sign ahead of Friday's monthly jobs report.


The manufacturing news jolted stock indexes out of a morning stupor, although the gains waned throughout the afternoon. The Dow added 65.69 points to 13,279.32, its highest closing mark since Dec. 28, 2007, during the first month of the Great Recession.

Or how about the Obama-haters on DP? Will they have the integrity to admit they were wrong. (actually most of them were just duped by Fox News and GOP propaganda machine) Obama's economic advisers are the same people who will be advising Romney. The differences are small in policy. Obama (the socialist) has been a good friend to the banks and the markets. More so than the middle class IMO.

But this is what we call Recovery Baby!!


Four more years! Four More Years!
 
Dow Jones hits highest mark since 2007 - CSMonitor.com

Will we hear Sean Hannity say, "Thank you Mr. President, I was wrong about you and your socialist policies."





Or how about the Obama-haters on DP? Will they have the integrity to admit they were wrong. (actually most of them were just duped by Fox News and GOP propaganda machine) Obama's economic advisers are the same people who will be advising Romney. The differences are small in policy. Obama (the socialist) has been a good friend to the banks and the markets. More so than the middle class IMO.

But this is what we call Recovery Baby!!


Four more years! Four More Years!





Ahh cmon now hazlnut...the dow going up is because of our GLorious Corporations and Rich investors...they are doing it for all of us...Lololol
 
One metric doesn't really mean anything. Let's be honest.

Using the Dow as proof for the success of Obama's administration is a stupid as using the unemployment rate as proof for the failure of Obama's administration.
 
Obama just has to repeat this stuff over and over again and wabam he gots it!
 
This is good news for investors (and Obama), but we should always remember "what goes up, comes down." Another bubble economy? Let's hope not!!!
 
So it can't be due to the market can it? :roll:

So... Wall Street does good under Republicans and it's a bad thing due to the "1%" being allowed to eat your babies, but when things go ok (they are still pretty damn crappy) it's recovery?

Obama will still not get my vote.
 
Dow Jones hits highest mark since 2007 - CSMonitor.com

Will we hear Sean Hannity say, "Thank you Mr. President, I was wrong about you and your socialist policies."



Or how about the Obama-haters on DP? Will they have the integrity to admit they were wrong. (actually most of them were just duped by Fox News and GOP propaganda machine) Obama's economic advisers are the same people who will be advising Romney. The differences are small in policy. Obama (the socialist) has been a good friend to the banks and the markets. More so than the middle class IMO.

But this is what we call Recovery Baby!!


Four more years! Four More Years!

Well at least the bankers and Wallstreet are making money. Now if that could just trickle down to the rest of us.
 
If you were to judge the economy by the Dow Jones, things are right back to where they were when he came in.

I'd like to judge the economy by the unemployment figures and gains in real term family spendable income.
 
But forget those things as long as Dow Jones is happy then America is fine.

Well I'm sure Obama's buddies over at Goldman Sachs are tickled pink.
 
If you were to judge the economy by the Dow Jones, things are right back to where they were when he came in.

You must be kidding, the Dow was under 8000 on inaguration day. It is up 50% since then.
 
Well at least the bankers and Wallstreet are making money. Now if that could just trickle down to the rest of us.
hahah trickle down... yea right!

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The game is rigged man. And its not rigged in our favor
 
The game is rigged man. And its not rigged in our favor

But.....but......Obama......and the Dow Jones.......and.........and....everything's better now........
 
But.....but......Obama......and the Dow Jones.......and.........and....everything's better now........

Hahah! Right... Now go back to sleep. All is good now sense THEY told us so...
 
Ahh cmon now hazlnut...the dow going up is because of our GLorious Corporations and Rich investors...they are doing it for all of us...Lololol

It's going up b/c the economy sucks. It's going up b/c... where the hell else are people going to invest their money? Real estate? Interest income?
 
It's going up b/c the economy sucks. It's going up b/c... where the hell else are people going to invest their money? Real estate? Interest income?

That doesn't make any sense. There are tons of safer investment vehicles than the stock market. Gold, T-Bonds, municipal bonds, general commodities, CDs, etc. The Dow is going up because more people are demanding stocks. But the demand is really weak compared to past years, which is why the Dow is going up rather slowly.
 
Obama 2009-12 7,949.09 12,720.48 4,771.39 60%. So, actually it's improved quite a bit from 7949 to 12720. I'm not sure that he deserves credit for that but I'm just trying to throw out a fact here, in these murky waters.

If you were to judge the economy by the Dow Jones, things are right back to where they were when he came in.
 
Now if that could just trickle down to the rest of us.

my sentiments exactly.

however, i'm not a believer in trickle down.
 
Great news, but precisely what Obama policies could be credited for keying such a dramatic turnaround?
 
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None, really. The POTUS has remarkably little to do with stock prices and gas prices. I more would credit the FED for giving away free money to banker buddies to speculate with. Since Obusha kept the same scumbags as Bush had, maybe he should get the credit after all.

Great news, but precisely what Obama policies could be credited for keying such a turnaround?
 
You invest in the future not in the past. Most companies who have reported with good earnings have very mediocre forward guidance, being basically unchanged for 2012. It's all mediocre folks. Now is not the time to invest, but to take profits.

We are now also at 101.5% of GDP
 
That doesn't make any sense. There are tons of safer investment vehicles than the stock market. Gold, T-Bonds, municipal bonds, general commodities, CDs, etc. The Dow is going up because more people are demanding stocks. But the demand is really weak compared to past years, which is why the Dow is going up rather slowly.
Don't know what safety has to do with my earlier post. Sure you can park your money in a CD - but that hardly qualifies as an investment these days... you'll make about as much hiding it under your pillow lol. Commodities is a good bet. Most bonds are not. T-bonds? Lol.
 
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