13,005

[Junior1942]

The DJIA closed at 13,005 today.  Thanks, President Obama!  You're going to be hard to beat come November!

[Dixie Dude]

My wife buys and sells stock.  She says it is hard to figure what to buy and sell.  The FED is buying stock to prop up the market.  She said ALL economists both liberal and conservative say high inflation is coming.  If the Feds would get out of the stock market, it would crash.  The Fed also bought $16 trillion of European debt to prop up Europes economy.  Do you not see why Ron Paul wants to audit the Federal Reserve?  They are not part of the Federal Government.  They are the banks.  They are manipulating the economy.  It is a ponzi skeem.  It has gotten so bad, that it really doesn't matter who gets elected, the economy is going to crash big time in 3-5 years unless there are drastic cuts in the Federal Budget.  Taxes will not solve the problem. 

[jimster]

I think we went through all this not long ago...Junior ain't budging.  With the way the stock market already crashed it would need to be at 1500 for anyone to recoup what they already lost...if they were invested heavy in stocks.
You don't make back money you lost like that....

[Junior1942]

I think we went through all this not long ago...Junior ain't budging.  With the way the stock market already crashed it would need to be at 1500 for anyone to recoup what they already lost...if they were invested heavy in stocks.
You don't make back money you lost like that....

Facts are facts. Bush's Republican policies almost ruined America.  No budging needed. GWB = ~6200; BHO = 13,000+.  The bank around your corner is open only because of BHO.

[DDZ]

So we should base our voting on the price of the stock market? That doesn't make one lick of sense to me.
 I do believe the market price is falsely inflated. Because I do know that government borrowing, printing, taxing and spending is not at all good for an economy, and because of this ongoing stupidity the bottom is going to give way. Its just a matter of when.

[lakota]

The DJIA closed at 13,005 today.  Thanks, President Obama!  You're going to be hard to beat come November!

You are confused. What you meant to say is that the DJIA closed at 13005 despite the efforts of president Obama.  Thanks private sector!

Sent from my VM670 using Tapatalk

[Lon371]

The DJIA closed at 13,005 today.  Thanks, President Obama!  You're going to be hard to beat come November!

You are confused. What you meant to say is that the DJIA closed at 13005 despite the efforts of president Obama.  Thanks private sector!

Sent from my VM670 using Tapatalk

+1
 
Lonny

[Gary G]

Here is why:





It also explains why gasoline hit a historical all time high for the month of Feb.
As that chart goes up, your dollars go down in value. It takes more dollars to buy something, even Dow stocks.


Priced in the real money, gold, gasoline and the dow is a little cheaper now with gas being .06 of an ounce of gold and the historic average for the last several years is .07 of an ounce.


If Obummer and the Bernank keep up the good work, it will be crash and chaos soon enough. The idiots are in charge.

[jimster]

So we should base our voting on the price of the stock market?

Can the bar get much lower?   
 

[ironglow]

The DJIA closed at 13,005 today.  Thanks, President Obama!  You're going to be hard to beat come November!

oooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
  Well Junior;
  That puts us back closer where we were in 2008, when GW Bush was prez, even the NY Slimes had to admit that:
  http://www.nytimes.com/2012/02/29/business/daily-stock-market-activity.html?_r=1
   
    Only difference is, back in 2008..gas was $1.82 per gallon, a Big Mac meal was $3.50 rather than $5.87 and groceries were about 30% less costly...to say nothing about the increased taxes.  In order to just get back on an even keel with 2008, the DJIA should be hitting 16,000.
   Note the charts below, particularly the 10 year progression chart (the bottom one)..  See how the DJIA gained regularly after Bush took office in 2000...right up until the Democrats gained congress in 2006;... when the DJIA hiccupped and retreated some.
   Now look very closely how the DJIA really started to drop toward the end of 2008 when B hussein was nominated and enough gullibles were listening to his BS...then in November 2008 he was elected and the line dumped to the basement. Smart people knew what was coming !

[twoshooter]

So the story is: the stock market went in the toilet, things are terrible, democrats fault, THEN the stock market is up but it must be artificial, this is bad, democrats fault, basically, no matter what happens, those that like Obama will twist it to his benefit, and those who dont will twist it to make it his fault.
 I can tell you for certain though that the statement about recovery is not true. When everything hit the toilet I did absolutely nothing, I kept buying mutual funds at the same rate of money every paycheck. As the stock got cheaper, that bought more and more stock. Now that it has rebounded as far as it has, my little portfolio is worth somewhat more than it would have been had I put it into a savings account the week before shearson went under, and just added the cash to the account. Feces occur.

[jimster]

At any rate...what good is gambling in a stock market in a country in this kind of debt, no job market or job growth in the private sector that has been led to ruin by socialist democrats? 
 
Doesn't make any sense to me at all...does Junior think the masses of people he has raped with his idealistic bullcrap has anything to invest and gamble?  I am working and I still don't gamble. 
 
A perfect example of how socialists think....especially the socialists who have had everything paid for by the private sector.  They have no clue where their money came from in the first place.  They think it can't end.  Even thought it did end...then they print and borrow, then they borrow from other countries.  Fools with immoral behavior in my opinion.
 
Go figure...

[Dixie Dude]

Junior is no economist.  The news media is doing everything to get Obama reelected.  My wife made $40-$60K a year buying and selling stock up until 2008.  We are $55k in the hole right now.  We haven't recovered.  My 401k is back where it was, but, this market is artificially stimulated by the Feds PUMPING MONEY into the markets to make things look good.  It is all going to come crashing down with HIGH INFLATION in 3-5 years.  You guys need to start preping if you haven't started.  The food I buy is already up 25% from last year.  Gasoline is HIGHER than when Bush was in office.  The Bush administration WARNED of the HOUSING BUBBLE, but after 2006 the DEMOCRATS were in charge of CONGRESS AND THE SENATE and refused to listen and take steps to ward it off.  It has been 3 years and I am not better off than in 2008.  I was going to retire in 2009 early, but can't now.  The Dems are liars, and it is nothing but Chicago politics gone nationwide.  Gary G is right, the money is being printed at historic rates.  All the government and Feds are doing is pumping in money.  Eventually it will all come crashing down.  It is a house of cards.  Europe and China are doing the same thing.  High inflation is coming.

[gypsyman]

I said it before, a rich mans shell game. Lets get the market going up, suck in some investors, and jump out. Anybody here that thinks nows the time, go ahead and invest what you've got. Jump right in there big boy!! I got most of my money wrapped up in a little silver, canning jars,lead,powder and primers. gypsyman

[ironglow]

Trillion dollar "stimulus plan" and a couple trillion dollar plus..debt ceiling outrages in the last couple years have to be paid for by somebody.
    They print that much more money chasing the same goods and each dollar we have becomes that much smaller..

[Dixie Dude]

I do not like the idea of the Feds or the government buying and selling stock to manipulate the market.  This is pure and simple socialism and social engineering.  Let the market go on it's own.  In the 1800's when they had a panic or down market, it usually only lasted a year or less.  After the Federal Reserve was formed, we had a lot more booms and busts.  Like the Roaring 20's and the Great Depression.  The market left alone, is fairly stable.  Blue chip stocks will rise slowly over time, usually beating inflation.  Speculators are not the reason for the market spikes, governments are, by manipulating the markets.   

[Gary G]

Gary G...its really deflation....gold buys more than ever....    Of course gold isn't backed by anything.. .  You know its monetary inflation when the thieves steal your wheelborrow and leave the money behind....    Hard rain a gonna fall...
.
.TM7

Deflation is a decline in prices because of an increase in the value of the dollar. It is a natural occurrence during a recession as debt is liquidated. Deflation is good for the people because you can buy more with your money, but it is bad for the government which has less revenue coming in meaning the government has to shrink in size. The central bank has targeted inflation because they are afraid of deflation. That is why the dollar is falling in price; they are increasing the money supply. It favors the oligarch vs. the people.


Gold is backed by it's constant value and the work involved in extracting it with it's limited quantity. It has always been money and even now trades as money. Fiat means "let it be" in Greek. It is fiat money that is not backed. And to think that we can trade pieces of paper for a useful good is amazing....at least for a little while longer.  See the Paul schools Bernanke thread.

[Gary G]

I do not like the idea of the Feds or the government buying and selling stock to manipulate the market.  This is pure and simple socialism and social engineering.  Let the market go on it's own.  In the 1800's when they had a panic or down market, it usually only lasted a year or less.  After the Federal Reserve was formed, we had a lot more booms and busts.  Like the Roaring 20's and the Great Depression.  The market left alone, is fairly stable.  Blue chip stocks will rise slowly over time, usually beating inflation.  Speculators are not the reason for the market spikes, governments are, by manipulating the markets.

Actually, they do not buy or sell stock. Sometimes the PPT will meddle with the futures it is believed. But by increasing the supply of money, some of this newly created fiat money flows into the stock market through the trading desks of the connected banks.

[Matt]

Well lets look at something with out the rose colored glasses:


DJIA is nothing more than an average of all stocks on that market. We are watching inflation everywhere as an example the Cokes that I used to pay $0.89 for are now $1.99, A pack of smokes are now $5.29 for name brand and $4.35 for generic. Milk is over $5 a gallon in most places. It is called inflation and so seeing the DJIA go up is no surprise to me and I know it will go much higher than it is now but the problem is that the value of the money used to buy the stock is much less per dollar than it was just 5 years ago. Now with that said  5 dollars 5 years ago would not buy as much as 1 dollar did 10 years before that. So it is not the current administrations fault that we have the inflation but it is their fault that we are about to see Hyper-Inflation because they just keep doing the exact same thing expecting a different result... seems INSANE don't it. 

So who do I blame for all this crap? EVERY SINGLE VOTER WHO THOUGHT "I'll VOTE THE LESSOR OF THE TWO EVILS" Yeah how the hell is that lessor evil working out for you now? kinda like that hope and change crap is huh. Until people STOP and THINK for THEMSELVES nothing will change as we hope it will.

I am just waiting on the collapse of the US economy that is coming and hoping I am ready for it.
 
Matt

[streak]

That is a big " 10-4" on that Matt!

[jimster]

You guys need to start preping if you haven't started.

  by Dixie Dude

Hard rain a gonna fall...

  by TM7

I am just waiting on the collapse of the US economy that is coming and hoping I am ready for it.

  by Matt
 
I have been thinking along the same lines as you guys, looking to what you need to do and prepare for when the "adjustment" happens and debt has to be washed away. Not IF, WHEN.  It will because it has to, and always does.  Does no good to try argue who's fault it was, it's all their faults no party is innocent, no administration is innocent.  I am not innocent either, I voted wrong, and for the wrong reasons in my life, I played a part in breaking things too.  I'm a lot more independent now, but too late I think.
Be prepared....this kind of government and private debt will be taking care of itself at some point. 

 
 

[blind ear]

So the story is: the stock market went in the toilet, things are terrible, democrats fault, THEN the stock market is up but it must be artificial, this is bad, democrats fault, basically, no matter what happens, those that like Obama will twist it to his benefit, and those who dont will twist it to make it his fault.
 I can tell you for certain though that the statement about recovery is not true. When everything hit the toilet I did absolutely nothing, I kept buying mutual funds at the same rate of money every paycheck. As the stock got cheaper, that bought more and more stock. Now that it has rebounded as far as it has, my little portfolio is worth somewhat more than it would have been had I put it into a savings account the week before shearson went under, and just added the cash to the account. Feces occur.

I support Ron Paul, he and other sain people say that it is both parties fault and the only fix is get the Fed out of control which will be done by neither party.
 
I will vote Ron Paul
 
ear

[nomosendero]

At any rate...what good is gambling in a stock market in a country in this kind of debt, no job market or job growth in the private sector that has been led to ruin by socialist democrats? 
 
Doesn't make any sense to me at all...does Junior think the masses of people he has raped with his idealistic bullcrap has anything to invest and gamble?  I am working and I still don't gamble. 
 
A perfect example of how socialists think....especially the socialists who have had everything paid for by the private sector.  They have no clue where their money came from in the first place.  They think it can't end.  Even thought it did end...then they print and borrow, then they borrow from other countries.  Fools with immoral behavior in my opinion.
 
Go figure...

Like I said before, the DEPT is the big deal< it has grown more in the last 3 years than ever. To take your eye off that & be gleeful about the stock market which might be 15000 this summer or 7000 is crazy, but a fun read.

[SwampThing762]

Junior is no economist.  The news media is doing everything to get Obama reelected.  My wife made $40-$60K a year buying and selling stock up until 2008.  We are $55k in the hole right now.  We haven't recovered.  My 401k is back where it was, but, this market is artificially stimulated by the Feds PUMPING MONEY into the markets to make things look good.  It is all going to come crashing down with HIGH INFLATION in 3-5 years.  You guys need to start preping if you haven't started.  The food I buy is already up 25% from last year.  Gasoline is HIGHER than when Bush was in office.  The Bush administration WARNED of the HOUSING BUBBLE, but after 2006 the DEMOCRATS were in charge of CONGRESS AND THE SENATE and refused to listen and take steps to ward it off.  It has been 3 years and I am not better off than in 2008.  I was going to retire in 2009 early, but can't now.  The Dems are liars, and it is nothing but Chicago politics gone nationwide.  Gary G is right, the money is being printed at historic rates.  All the government and Feds are doing is pumping in money.  Eventually it will all come crashing down.  It is a house of cards.  Europe and China are doing the same thing.  High inflation is coming.

Dixie Dude,

You are spot on the mark.    Junior1942 will never waiver in his support of the Annointed One.    That's too bad.  The government is printing money at record rates, and inflation is being seen in all aspects of the economy.  I just finished reading Patriots last night, and I am really beginning to think that the collapse depicted in the book is not out of the realm of possibility.   I can only hope that the good LORD electrifies the idiots inside the beltway with the power of the Holy Spirit and imbues them with the desire to resolve the problem [but I ain't holding my breath], especially the resident goober in the White House.

ST762

[SwampThing762]

Well lets look at something with out the rose colored glasses:


DJIA is nothing more than an average of all stocks on that market. We are watching inflation everywhere as an example the Cokes that I used to pay $0.89 for are now $1.99, A pack of smokes are now $5.29 for name brand and $4.35 for generic. Milk is over $5 a gallon in most places. It is called inflation and so seeing the DJIA go up is no surprise to me and I know it will go much higher than it is now but the problem is that the value of the money used to buy the stock is much less per dollar than it was just 5 years ago. Now with that said  5 dollars 5 years ago would not buy as much as 1 dollar did 10 years before that. So it is not the current administrations fault that we have the inflation but it is their fault that we are about to see Hyper-Inflation because they just keep doing the exact same thing expecting a different result... seems INSANE don't it. 

So who do I blame for all this crap? EVERY SINGLE VOTER WHO THOUGHT "I'll VOTE THE LESSOR OF THE TWO EVILS" Yeah how the hell is that lessor evil working out for you now? kinda like that hope and change crap is huh. Until people STOP and THINK for THEMSELVES nothing will change as we hope it will.

I am just waiting on the collapse of the US economy that is coming and hoping I am ready for it.
 
Matt

Matt,

You are also correct in your analysis.   However, when you are faced with two idiots, you must consider which one will do the least amount of damage.    I know you do not want to hear that statement, but we make do with what we got for choices.  We have not had a truly great presidential candidate since Ronald Reagan.

As for the average American voter, it all goes back to my postulate on human nature: "Humanity is by nature stupid".   They have been idiotized, through the education system, to thinking that anything conservative is bad.     For example, I had to embarass my sister's oldest child the other day.   He is 15 and thinks he knows everything. He was railing about how bad Republicans are.  I asked him if he likes Obama, he said "yes".   I asked him him if he believed that the government should manage wealth under the rule "each person should have equal shares of stuff'.  He said "yes".   I asked him if the government should guarantee everyone the same level of success, thus guaranteeing everyone equality of outcome.  Again, he said "yes".     I told him "congratulations".   He appeared confused.   I then informed him that those ideas came out of two books from a German named Karl Marx called Das Kapital and the Communist Manifesto.   

I know that I probably used a bazooka when I could have used a peashooter, but I think the more glaring the example, the more memorable it is.

I can only hope that the Tea Party and the GOP gets out in droves to get and keep control of Congress.    If we can get enough votes to control the Senate while keeping the House, it puts us in a position to negotiate with strength.   If we can bind Obama well enough through control of Congress, we can try to repeal some of his garbage legislation.

I will suggest you do as I plan to do -- work to get as many Democrats out of the government as possible.   The one that I will be focusing on this year is Corinne Brown, a member of the Congressional Black Caucus and Congressional Progressive Caucus with socialist leanings that has embarrassed Florida all too often.   

Our new mantras should be "Save America: Separate Democrats and Congress" as well as "Save America: Evict Obama".

ST762

[Gary G]

   I will suggest you do as I plan to do -- work to get as many Democrats out of the government as possible.   

John Locke would have said "get them both out of government". Neither has fulfilled it's duty to protect your life, liberty and especially property. "There is no difference in a little robber and a big robber, and the big robber can be your government". Both parties have grown the government in power and in what it takes from your livelihood (spending) equally; one on wars, both on welfare.

[ihookem]

Glad to hear some are praying. I recite Habakkuk 3: 17-19 quite often lately. I do refuse to put my faith in paper or government.  Oh, and Junior, the dow was 14,000 in 2007. "O" took office and it went to 6400. What would I give to see "W" in office ? In 2008, 09,10 I made 50k less than the three years before and life was cheaper. 

[powderman]

With the fed buying up everything  to make obummer look good is kinda like a baker buying up all of his own donuts. Looks good on paper, for a short while, then BOOM, yer broke. Kinda fits in with his plan to destroy us. POWDERMAN. 

[ironglow]

The DJIA closed at 13,005 today.  Thanks, President Obama!  You're going to be hard to beat come November!

oooooooooooooooooooooooooooooooooooooooooooooooo
 
  Junior;
   It's at this moment running at around 12,700 today..are you giving him credit for that too ? 
 
    Obviously, if people with some business acumen were running the show, they would not be piling crippling regulations upon commerce..and we would likely be running at about 15,000 these days.. and heading for more !

[Dixie Dude]

Just heard the news that gasoline has gone up higher and faster under Obama than under Jimmy Carter.  Hope this inflation, high gas prices, high food prices, etc, make the fence sitters vote Obama out.