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Dow hits record after Comey testimony;

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volsrock

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U.S. equities traded mostly lower on Thursday as Wall Street digested former FBI Director James Comey's testimony.

The Dow Jones industrial average hit an intraday record before slipping about 30 points, with UnitedHealth contributing the most losses.

"There were no major bombshells from Comey's testimony," said Lindsey Bell, investment strategist at CFRA, adding the market experienced a small "relief rally" that pushed the 30-stock index to a new high.

Dow hits record after Comey testimony; gains turn to losses later in day
 
Of course Wall Street doesn't give a damn, the wealth extraction continues unabated.
 
Fenton Lum said:
Of course Wall Street doesn't give a damn, the wealth extraction continues unabated.
Click to expand...

That's an interesting term to use, "extraction". Extracted from what?
 
Fishking said:
That's an interesting term to use, "extraction". Extracted from what?
Click to expand...

In this context, society, amerian society, the middle east, Appalachia, and on, and on, and on. America is still a colonial wealth extraction enterprise updated for a new age.
 
volsrock said:
U.S. equities traded mostly lower on Thursday as Wall Street digested former FBI Director James Comey's testimony.

The Dow Jones industrial average hit an intraday record before slipping about 30 points, with UnitedHealth contributing the most losses.

"There were no major bombshells from Comey's testimony," said Lindsey Bell, investment strategist at CFRA, adding the market experienced a small "relief rally" that pushed the 30-stock index to a new high.

Dow hits record after Comey testimony; gains turn to losses later in day
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Liberals will never stop trying to destroy the economy. Whenever Trump is in danger the market tanks. When Trump looks good so does the stock market. Liberals would rather see our economy in ruins than allow Trump to succeed.
 
Woot, some bankers got richer!!!
 
Fenton Lum said:
In this context, society, amerian society, the middle east, Appalachia, and on, and on, and on. America is still a colonial wealth extraction enterprise updated for a new age.
Click to expand...

I am afraid I cannot follow your shorthand. Other than excessive fees at certain brokerage houses (which mainly affect wealthy clients), how does the stock market's performance indicate "colonial wealth extraction"?
 
Middle America said:
I am afraid I cannot follow your shorthand. Other than excessive fees at certain brokerage houses (which mainly affect wealthy clients), how does the stock market's performance indicate "colonial wealth extraction"?
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They recently tanked the entire show and then begged for socialism via bailouts, your entire economic system is being sodomized to the detriment of the poor and working classes. Go look at the transfer of wealth and redistribution over the past half century. What are we doing across the globe and in the middle east if not economical colonial wealth extration?
 
Well you know what they say, if you gotta ask ..... 😎
 
Fishking said:
That's an interesting term to use, "extraction". Extracted from what?
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I'm guessing a combination of extraction from the vast majority of the U.S. work force's labor, coupled with the natural resources of the United States.

As illustrated:
I'm pretty sure the middle class, and maybe even the 2nd to last 20%, are working...looks like the big squeeze.

80-of-americans-own-an-unbelievably-small-portion-of-the-countrys-wealth.jpg
 
Fenton Lum said:
They recently tanked the entire show and then begged for socialism via bailouts, your entire economic system is being sodomized to the detriment of the poor and working classes. Go look at the transfer of wealth and redistribution over the past half century. What are we doing across the globe and in the middle east if not economical colonial wealth extration?
Click to expand...

I could be wrong, but it sound to me like you think that Big Banks = Wall Street = stock market = U.S. capitalism. The terms are not synonymous. There are overlaps, but they are very distinct entities.
 
Mach said:
I'm guessing a combination of extraction from the vast majority of the U.S. work force's labor, coupled with the natural resources of the United States.

As illustrated:
I'm pretty sure the middle class, and maybe even the 2nd to last 20%, are working...looks like the big squeeze.
Click to expand...

Wealth gap doesn't mean it's being extracted from anyone. The top people play the stock market and commodities trade or their wealth has expanded due to globalization, which hasn't been a friend of the American worker. Why pay American workers much when you can pay foreign workers so much less?
 
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