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(Yahoo)   Dow crosses over 12,000 for the first time ever   (biz.yahoo.com ) divider line
    More: Cool  
•       •       •

2977 clicks; posted to Main » on 18 Oct 2006 at 10:17 AM (9 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2006-10-18 10:20:24 AM  
It keeps setting records and Farkers keep having the same partisan argument about it. Let me get some popcorn.
 
2006-10-18 10:20:32 AM  
I'm still broke...
 
2006-10-18 10:21:04 AM  
My 401-K says, "Thank you."
 
2006-10-18 10:21:17 AM  
worst. economy. ever.
 
2006-10-18 10:21:33 AM  
I lay the blame for this squarely at the feet of the President. Curse you, President Taft!
 
2006-10-18 10:22:40 AM  
Anyone else have to do the stupid musical back in elementary school with the song:

"Stocks are going up, going up, going up"
 
2006-10-18 10:23:02 AM  
Let me get some popcorn.

Filled with Omega-6 of course.
 
2006-10-18 10:23:38 AM  
Should I sell my Enron stock now?
 
2006-10-18 10:23:40 AM  
Something, for the first time, has happened. How ironic.
 
2006-10-18 10:23:42 AM  
And only six years late!

Thanks George! your doing great!
 
2006-10-18 10:25:01 AM  
Well, it just happened again... going the other way.
 
2006-10-18 10:26:09 AM  
cue the "unemployment is low, inflation is low, home values are high, therefore the economy sucks" crowd
 
2006-10-18 10:26:50 AM  
Dow up, worker's wages stagnant or down.

Yay Republicans!
 
2006-10-18 10:26:53 AM  
The DOW Jones is a outdated measure of the economy. It only examines est. 30 diverse companies. Nobody shouold be basing their investments on this news..... check the S&P 500, which is doing well so its all good!
 
2006-10-18 10:26:54 AM  
I just want to dispell one arguement. Yes, the dow was at 11K under clinton. but when bush got into office there was a recession. Yes it took 6 years to reach its previous high under Bush. Then again, 9/11 did happen and made the dow loose almost 1/5th its value, and there was a recession which was inherited. I have heard the arguement that sice the Dow was up to 11k under clinton, that this shows that bush mishandled the economy. I would also like to say that under clinton the down had 2 of its heaviest losses percentage wise on record. I am just tired of hearing a false arguement that claims bush is horrible with the economy when there are other reasons why it hasn't been as strong as it was when cliton was in the office. Plese fault him on warentless wiretapping, iraq, and corruption, things that actually need to be discussed and have him brought to justice about, other than trying to make a dig at him with something he has very little to do with.
 
2006-10-18 10:29:06 AM  
Darn, how long will this crappy economy last?
 
2006-10-18 10:29:19 AM  
>>The DOW Jones is a outdated measure of the economy. It only examines est. 30 diverse companies. Nobody shouold be basing their investments on this news..... check the S&P 500, which is doing well so its all good!

Haha. This IS just like all the old threads. Now is when I say, yes, but the correlation between the Down and the S&P 500 is so high that it doesn't matter which one you use.

Time warp! This is like a bad episode of Star Trek:TNG.
 
2006-10-18 10:29:42 AM  
It crossed again.. Never happened before and now it happened three times in one day. Strange.
 
2006-10-18 10:29:59 AM  
How about when the Dow breaks another record tomorrow or the day after, we all come back and do this again!
 
2006-10-18 10:30:09 AM  
Time for another plane-into-the-building trick that the Dems use to keep profits down.
 
2006-10-18 10:31:20 AM  
It's the economy, stupid.
 
2006-10-18 10:31:29 AM  
b..b..but...but...ITS THE ECONOMY STUPID!

/obligatory remark in an economic story...
 
2006-10-18 10:31:51 AM  
Dang, I read that as "Drew crosses over 12,000 for the first time ever".
 
2006-10-18 10:31:56 AM  
Wow! We're all Rich! the Economy is Awesome!
 
2006-10-18 10:32:23 AM  
Is this when we start lighting our cigars with $100 dollar bills?
 
2006-10-18 10:32:36 AM  
I blame Bush.
 
2006-10-18 10:32:42 AM  
the CNBC hype machine blows.

Mark Haines just wet his pants.

I'm surprised they didn't make up DOW 12,000 hats.
 
2006-10-18 10:33:36 AM  
>>Dow up, worker's wages stagnant or down.

And if the Dow were going down? Unemployment, which would be much, much better.
 
2006-10-18 10:34:57 AM  
We're in the money, we're in the money...
 
2006-10-18 10:36:16 AM  
Unemployment isn't low, far from it. The White House started recalculating how unemployment figures were figured out, and within a couple months of Bush being sworn in.
 
2006-10-18 10:37:04 AM  
I have about 10-15 different credit cards each with around a 15K credit limit, I only use one and pay it off every month.

I guess if I knew that in two years I wasn't going to be around anymore, I could charge those babies up and live like a king. Then leave the debt to my wife and kids to pay off.

yea they might be pissed, but hey, things sure were cool when I was around, weren't they?
 
2006-10-18 10:37:05 AM  
12,000
statistical full employment
low intrest rates
housing still doing good coontil the reality of intrest only loans kicks in)
federal deficit cut in half as promised
lower taxes for everybody

When will this evil bastard Bush quit ruining this economy???

/cashing yet another big check today
 
2006-10-18 10:37:51 AM  
yay 12000! yay my 401k! time to sell my stocks and watch the house of cards fall.
 
2006-10-18 10:37:54 AM  
>>Unemployment isn't low, far from it.

It's not? Do you remember any eras of high unemployment? It's a lot different.
 
2006-10-18 10:38:07 AM  
*buys stock*

*sells stock*

*panics*

*runs around screaming*
 
2006-10-18 10:38:12 AM  
HEY EVERYBODY! WE'RE ALL GONNA GET LAID!
 
2006-10-18 10:38:27 AM  
I am rich, so the DOW going up helps me. If it wasn't for the alternative minimum tax, maybe the Bush Tax Cuts would help me. However, President Bush and his crazy ass foreign policies, have made a mockery of the US and this bit of good stock market news does not negate the monumental failures of this Presidency.
 
2006-10-18 10:38:42 AM  
ZangTT

Show me an article where they changed how they figure unemployment right before Bush was sworn in. Last time I checked it has been the same.
 
2006-10-18 10:38:54 AM  
feh, overinflated numbers, the US is crusing for a recession, asap.

/fuzzy math rulez
 
2006-10-18 10:41:04 AM  
Unemployment isn't low, far from it. The White House started recalculating how unemployment figures were figured out, and within a couple months of Bush being sworn in.

Historically, I think they only count people that are drawing unemployment benefits - not the actual number of unemployed. Enormous difference in numbers there.

Apparently dictatorship is good for profits.
 
2006-10-18 10:42:08 AM  
2006-10-18 10:36:16 AM ZangTT


Unemployment isn't low, far from it. The White House started recalculating how unemployment figures were figured out, and within a couple months of Bush being sworn in.


You must be talking about about people who lost one type of job and took another: e.g. a call-center customer service person who is now employed as a bartender. Well, they are either employed or not, and I'd say they are employed.

And if their numbers are wrong, what's the right number, then? You probably don't have a figure because this is the whine-o-crat party line: any good news is bad news engineered to look like good news, unless we're in charge. For example, the DOW didn't really reach 12,000 because Karl Rove cleverly engineered a reverse stock split for every company on Wall Street, thereby artificially doubling their apparent value. Dastardly trick!!
 
2006-10-18 10:42:26 AM  
Somehow... this can't be good.
 
2006-10-18 10:43:17 AM  
Excellent rant. Golf clap from me.

I'd just like to add that if you're going to blame Bush when the Dow is down... you have to give him credit when it's up. Plain and simple.
 
2006-10-18 10:43:23 AM  
record stocks, dropping gas prices...i wont comment on this until after the elections...i think all of this will be a distant memory come dec 1.
 
2006-10-18 10:43:28 AM  
So the rich have more money to invest in stocks. I'm still making the same shiat wage I was over a year ago because the working class hasn't seen a minimum wage bump in forever and a stagnant salary income.
 
2006-10-18 10:43:45 AM  
I blame Clinton.
 
2006-10-18 10:44:26 AM  
Just to be helpful, here's some quick general reference for trollers in this thread:


Current Economic Indicators
October 17, 2006 (Close of Day)


Indicator---------Value
Inflation-----------%3.82
GDP Growth--------%2.53
Unemployment----%4.60
Gold $/oz----------590.00
Oil $/bbl------------58.93
Prime--------------%8.25

Source: Forcasts.org
 
2006-10-18 10:44:45 AM  
Funny how good news gets turned into bad news by people who hate Bush. Sometimes it seems like people would rather see America fail to justify their hatred and opinion of Bush. Who will you blame when Bush is out of office?
 
2006-10-18 10:44:48 AM  
DOW?

are the they the company that make fake boobie implanting?
 
2006-10-18 10:46:42 AM  
Golf clap for howismydriving BTW FYI FTW.
 
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