I hope this works out for you.

So this is one of the weeks when Teh President directly affects the economy ?

Yayyyyyyy!!!1!!!!!

Sweet!

Yep, I thought so.

Now's the time to stick it to the fatcats, eh, comrades?

unlikely: The only indicator of economic health you're using is the Dow average?

/creepy

OMG YOU'RE RIGHT

Unemployment Rate: 4.5% in Jun 2007

Payroll Employment: +132,000(p) in Jun 2007

Average Hourly Earnings: +$0.06(p) in Jun 2007

Are McJobs still considered manufacturing jobs?

Are we still not counting the Iraq war in deficits?

unlikely: /off to look up the "versus 2000" figures..

Here's some stats on employment - Employed Civilian labor force, in thousands:

Jun 2000: 136940 out of an employable civilian base of 142591
Jun 2001: 136873
Jun 2002: 136415
Jun 2003: 137782
Jun 2004: 139162
Jun 2005: 141704
Jun 2006: 144386
Jun 2007: 146140 out of an employable civilian base of 153072

(source: data.bls.gov).

So basically a bunch of rich white guys just got richer?

Thanks for the update.


/broke white guy

Dow crashes. Cars overturned, gun shots going off from panic in Lower Manhattan.

/I can see the future!

Now if only I could sell my house...

hmm, lets see...Bushie Hitler Boy kills thousands in Iraq, and no one notices. But the neo-con low lifes sitting in the board rooms of the murder-supporting corporations get rich, and everyone is overjoyed about the good economy because of King Georgie Porgie??!!?? LOL!!!! LOL!!!!

NEWSFLASH! King Georgie is destroying the economy wiht his illegal wars, lies, cocaine addiction, and hatred for brown people. Wake up and smell the bodies burning!!

You people are sooooo blind. LOL!!

"It will be interesting to see how low it goes when it "corrects"..."

Yeah, I'm in the "wait for correction before buying more" camp myself.

I love threads about the Dow.

We always get:
1. People who think it's useless to post these stories because it doesn't affect them (non-investors)
2. People who like to whip out their annualized return numbers in a dick-measuring contest
3. People who (always) claim the market is due for a collapse
4. People who attempt to impose their investing style on to everyone else
5. People who politicize the topic (as with most news threads)

//6. People who put other people into generalized categories.

cubsfan07:

QFT

Basically, anyone who owns stocks or mutual funds just got richer.

Why is it that the people who are bitter about people making money off of the stock market are the last people who would invest themselves?

Is self-victimization THAT trendy?

dogdaze:

You know the dollar has been inflated so it looks like the economy is booming when, in reality, foreign currency has been steadily climbing against the dollar for 6 years, right?

cubsfan07: So basically a bunch of rich white guys just got richer?

Are you saying black people are too stupid to invest in the stock market?

Queue Fark's Progressives to tell us this is more bad news.
Too late.

submitter: . Cars overturned, gun shots going off in celebration in Lower Manhattan

I'm guessing this is from all those people who were confused about what it meant to get their MBA.

At last, Clinton's economic policies are starting to bear fruit!

Crank those printing presses!

dogdaze...your an ass...wanna check those stats... we owe trillions, all our jobs are outsourced, we are not calculating our war spending in our debt scewed rose color reports, we have lowered taxes and higher spending and unemployment is at a low...cause you don't count the people that have been out of a job past the 3 month time period alloted, spend 12 billion a week on a war to secure our safety there so we dont have to fight them here, then fight to pass bills and threaten to veto anyone that would stand in the way to question the sales of our security at ports and truck stops...thanks Bush and Bushiates, you make me PROUD to be Republican these past years. You might be too blind to see it now but this will catch up and HIT us soon enough...what was the Market prior to the crash of 87?

TheConvincingSavant: Queue Fark's Progressives to tell us this is more bad news.
Too late.

Queue (sic) Fark's "Libertarians" displaying predictably short memories about what they said when the economy sucked.

Too late.

It is nice making $2000 in 3 months masturbating. If only I had put that $10,000 into rimm when it was $25 a share, i'd have made $300,000 masturbating over 5 years.

Market upswing does not equal booming economy. It just means that the richest 1% of American investors are doing well under BushCo. Not surprising.

Fewer people participate than during the 1990's. More of a robberbaron club these days.

/Now I'm off to pay $2.91/gallon for gas so that the energy companies can report more record gouging and an oil executive can buy that 4th house in Costa Rica.

rritterson: I love threads about the Dow.

We always get:

7. Some farktard calling Bush "Hitler," regardless of which way the numbers are heading.

* Arthur B. Laffer, "You don't need to read this Bush's lips," Wall Street Journal p. A18 (February 14, 2005).

"When 'W' ran for president in 2000, I voted for him but not enthusiastically. I had voted for Bill Clinton in the prior two presidential elections, but with Al Gore as the Democratic candidate in 2000 the choice was easy for me even if I wasn't all that excited about George Bush. I am now flabbergasted by the performance of Bush 43. [...] George W. Bush could well turn out to be the best president in recent history. [...] Because of President Clinton, President Bush's budget deficits can easily be absorbed by the U.S. economy. [...] Supply-side pro-growth economics couldn't ask for a better champion -- nor could any American."

/Ducks

Christobevii3: It is nice making $2000 in 3 months masturbating.

I don't know what sperm bank you're a member of, but they're overpaying :D

Mordant: So this is one of the weeks when Teh President directly affects the economy ?

No, just his tax cuts.

cubsfan07: So basically a bunch of rich white guys just got richer?

Thanks for the update.


/broke white guy

I wasn't aware only rich white guys could have a 401(k).