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Thread: NASDAQ closes at highest level since 2000

  1. #11
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    You guys are funny. When there is bad economic news, that's Obama's fault. But when there is good economic news, that is not. When the 1% takes a hit, you cry about "job creators", but when things go well for them, you say "whatever, who cares about the 1%". It has nothing to do with reason, it's just blind partisanship. It has to be one way or the other. Either you care about the wealth of the 1% or you don't. Either you think the president bears some responsibility for the economy or the don't. You can't just pick and choose which way to go each time based on whether it supports your side or the other side.
    Tea before you make an even bigger fool of yourself check out what happened in Europe today, that's what the market is reacting to.

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    Re: NASDAQ closes at highest level since 2000

    We had a VERY good day today.
    One who makes himself a worm cannot complain when tread upon.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by Born Free View Post
    Now why is that, why have stocks gained? Do you have any idea? Companies are not hiring, unemployment over 8% for over 42 months, companies are not growing, GDP at 1.5%. So why are their stock price improving?
    Companies' stock goes up when they make money or people think they are going to make money, and companies making money is supposed to be the key to many conservative arguments on the economy. I don't know about you personally so I won't lump you in. But this kind of profit growth is supposed to be whats going to bring about a change in the unemployment rate, but the economy is growing at a rate faster than unemployment is dropping so obliviously there is more to it than that.

    Its still good news though.

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    Re: NASDAQ closes at highest level since 2000

    the stock market is a piss-poor, nearly meaningless method of gauging the strength of the real economy, but i guess most of you guys already knew that.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by StillBallin75 View Post
    the stock market is a piss-poor, nearly meaningless method of gauging the strength of the real economy, but i guess most of you guys already knew that.
    There is no one indicator that tells you how strong the economy is overall. On a fundamental level, you need both supply and demand. Conservatives tend to emphasize supply, Democrats tend to emphasize demand. The stock market certainly is a very strong indicator of supply.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by sawyerloggingon View Post
    Tea before you make an even bigger fool of yourself check out what happened in Europe today, that's what the market is reacting to.
    Right, everybody knows that. Not sure what your point is. The NASDAQ is up almost 70% since Obama took office.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  7. #17
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    Re: NASDAQ closes at highest level since 2000

    Basically, the EU and the US are about to print fiat money on an unlimited, nearly cosmic scale and that money has nowhere to go but into the stock market. Did you think for even a moment YOU would be getting some of it?

    Read it and weep European Central Bank

    Mr. Bersnakey will be giving us QE3 in the next few days to insure his masters re-election.

    In a few years, when you pay $5 for a cup of coffee, remember this day.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by Wiseone View Post
    Companies' stock goes up when they make money or people think they are going to make money, and companies making money is supposed to be the key to many conservative arguments on the economy. I don't know about you personally so I won't lump you in. But this kind of profit growth is supposed to be whats going to bring about a change in the unemployment rate, but the economy is growing at a rate faster than unemployment is dropping so obliviously there is more to it than that.

    Its still good news though.
    More stock trades are driven by government activity than actual economic activity IMO.

    If companies are making profit then that means there IS economic activity which by any economic standard is indeed a good thing and should for all intents and purposes improve other aspects of the economy.

    What economic theory holds that companies making profit does not mean an improving economy?
    One who makes himself a worm cannot complain when tread upon.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by specklebang View Post
    In a few years, when you pay $5 for a cup of coffee, remember this day.
    I heard phrases and predictions of the sort thrown about a few years ago.

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    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    Right, everybody knows that. Not sure what your point is. The NASDAQ is up almost 70% since Obama took office.
    So now you are saying what happened in Europe today is why the market is up, good boy.

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