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NASDAQ closes at highest level since 2000

Woot. Way to go everybody.
 
Meh, being floated by the kicking of the can down the road that the EU did today. Eventually, that won't be an option for them. Probably be good for the dollar, bad for the Euro for a bit. Or worse, people shift over to oil futures and cause the price to spike.
 
Woot. Way to go everybody.

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?
 
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?
Positive news out of the Euro zone, and rosier than expected payroll surveys here at home.
 
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?

Whate Hare said. Either way, good news.
 
Ah, so the 1 percent are making a killing.
 
Are you trying to give obama credit for this? Are you trying to say it is because our economy is doing so good? :lamo

Ah, so the 1 percent are making a killing.

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.
 
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.
 
We had a VERY good day today.
 
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.
 
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.
 
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.
 
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.
 
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?:lamo

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.
 
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?
 
There is the Specklebang economic theory that record profits can be generated by understaffing and underpaying workers. It's only a theory of course.

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?
 
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 improve the economy?

None of the mainstream ones that for sure, and I'm not saying companies making profits is a bad thing or is not helping the economy. My point is that's not all there is to a recovery, the economy is already out of recession and is growing but unemployment is dropping much slower than the economy is growing. I'm just saying there's more to it than just companies making profits and stock markets climbing, its a common conservative argument that business drives the economy, which is certainly true, and that all we need to do is let business grow with less shackles(fewer restrictions, lower taxes) but there's more to it than that.
 
I paid $2.50 for a cup of coffee at IHOP last Sunday.

When I was a teenager, in New York City, a cup of coffee was 5¢.

I didn't say a cup of coffee would be $500 or $5000 dollars.

Tell me true. Are you paying more for groceries since the printing presses fired up at QE1? Most people claim that has happened. I never go shopping so I don't know. I know the USG claims that there is NO inflation. Do you agree with that claim?

(We're discussing economic policy, not politics)





I heard phrases and predictions of the sort thrown about seemingly a few years ago.
 
So now you are saying what happened in Europe today is why the market is up, good boy. :)

I never said anything about why the market moved today. The analysts are saying it is two things- Europe and good jobs news. But that isn't really relevant. This is just the last step in a 3 long year march. The NASDAQ has more the DOUBLED in value since the bottom just six weeks after Obama took office.
 
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