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Thread: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

  1. #111
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Tucker Case View Post
    True, but the DJIA has risen at approximately the same rate because both things are driven by investing.
    No, they have been driven by Fed policy. The fundementals are not there for the percentage of rise we have had in the markets.

    But oil, as a commodity, will increase with or without the economy improving. If the economy had not tanked, our gas prices would be a good deal higher right now than they actually are.
    Not because of fundementals.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by 1Perry View Post
    No, they have been driven by Fed policy. The fundementals are not there for the percentage of rise we have had in the markets.



    Not because of fundementals.

    What do you mean by fundamentals (because I think we are saying the same thing, just in different ways)?
    Last edited by Tucker Case; 02-29-12 at 02:21 PM.
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  3. #113
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Tucker Case View Post
    What do you mean by fundamentals (because I think we are saying the same thing, just in different ways)?
    Could be. I agree that oil would rise no matter what. It's no longer simply a commodity but an investment vehicle. It's going to go up not because there are shortages but rather, it's an easy buck.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by 1Perry View Post
    Could be. I agree that oil would rise no matter what. It's no longer simply a commodity but an investment vehicle. It's going to go up not because there are shortages but rather, it's an easy buck.
    Exactly. We're on the same page.
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by sawyerloggingon View Post
    I remember when the stock market boomed under Bush and all the libs said it meant Bush was helping the rich and everyone else was flipping burgers, talk about flipping, LMAO.
    Really???? Bush stock market boom. Hmmmm.... I must have been fishing that day and missed it. My stocks went to **** wihen Bush was sitting in the oval office in Crawford. But, they're back now and going strong.

    Thank you Obama The Chosen One.


    I miss my 19% returns I was getting when Monica was blowin' Bill.
    Last edited by Captain America; 02-29-12 at 07:46 PM.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by sawyerloggingon View Post
    I remember when the stock market boomed under Bush and all the libs said it meant Bush was helping the rich and everyone else was flipping burgers, talk about flipping, LMAO.
    Yeah it boomed, but it also did this...

    bush_stocks1.jpg

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    wait its back down below 13K, what did the President do to cause the drop?
    Nothing. The market has a mind of its own.
    I will bet it go back up, then it will drop, then go back up.

    Thanking Obama is not needed.
    "I can explain it to you but, I can't understand it for you"

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by 1Perry View Post
    It isn't as simple as that. It's none of my business what a bank does with their money. It also should not be my responsibility when they screw up. If they want to risk their money, fine, but don't ask us to insure their depositors.
    By removing the half century firewall that separated investments banks, we allowed the creation of banks too big to fail. If the firewall had still been in place, we could have let the investment banks fail without risking the commercial banks and the economy.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Ikari View Post
    It's not libertarian, it's just math. As soon as the **** hit the fan, look at how quickly Congress in a bipartisan movement came together to take our tax dollars and give it to the very people who cause the mess in the first place. Look at how quickly that occurred. The banks were hurting, Wall Street was hurting, and BAM! Government bailout.
    There was no choice, as we had stupidly allowed investment banks and commercial banks to combine.

    But Middle Class was still hurting Lower Class was still hurting. And what happened then? Once their buddies in the Banks and Wall Street were taken care of, back to partisan bull****, back to bickering, back to pointing fingers at each other relentlessly, back to not doing anything for the very People theyíre to represent. And for YEARS this continued, YEARS we endured, YEARS we tried to recoup and move on. And after YEARS of Congress and the President doing NOTHING to help the Middle Class, the Lower Class, the People who were actually suffering; the economy finally starts recovering. Not because of anything Government did, but rather because given enough time it would have recovered on its own.

    Take a positive and make it a negative? Hell no. If someone is applying an inverse amplifier of unity gain, itís those who think Obama or Congress or any of those bastards had anything to do with this recovery. They left us out in the rain, kicked us to the curb and let us fend for ourselves. The Banks and Wall StreetÖthey got the attention, they got the reaction, they got our money. The rest of usÖtreated as cattle and nothing more. Some infinite supply of tax payer dollars to be dolled out at their convenience to their buddies when they see fit; thatís it. And this economic downturn has proven just that.

    I honestly do not know how anyone can look at the actions of government and the Banks and Wall Street during our economic meltdown and NOT see who government is beholden to. Itís not the People, not anymore. Itís all their richer buddies running the financial districts. Thatís it. And that was well demonstrated by both the leftís and the rightís reactions to the economic disaster.
    Apparently you have missed HR 1489 with 58 co-sponsors that would once again establish the firewall between investment banks and commercial banks, and you missed the tax cuts for the middle class and the extension of unemployment benefits, and the American Jobs Act, and the Stimulus funds to the states that saved millions of middle class jobs.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Fletch View Post
    I think the average time between recessions is around six years. Since the last one ended three years ago, the next president will likely have to combat a downturn while simultaneously struggling to reign in the massive debt that was the response to this past recession. That should be fun.
    We had no major financial meltdowns the half century the Glass Steagall Act was in effect.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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