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(Yahoo)   Dow Jones over 9,000 for the first time since the start of the year. This is bad news... for Obama   (finance.yahoo.com) divider line 224
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15592 clicks; posted to Main » on 23 Jul 2009 at 1:25 PM (4 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2009-07-23 11:12:55 AM
Dowe?
 
2009-07-23 11:15:13 AM
elvisbloom: Dowe?

It's the European, socialized version of the Dow, and the fact that it's getting stronger under Obama's watch is why it's such bad news for him.
 
2009-07-23 11:16:54 AM
I may one day find happiness when people stop talking about the DOW as if it were:

A) A barometer of the entire country's economic health
B) A verdict on the economic policies of the current administration

Remember that the DOW reached its height under Bush.
 
2009-07-23 11:17:19 AM
Pocket Ninja: elvisbloom: Dowe?

It's the European, socialized version of the Dow, and the fact that it's getting stronger under Obama's watch is why it's such bad news for him.



Do the "Dogs of the Dowe" ration distribution of dividends?
 
2009-07-23 11:19:16 AM
BritneysSpeculum: Do the "Dogs of the Dowe" ration distribution of dividends?

Well, yes, but more importantly they take the dividends from top-performing companies and redistribute them to failing ones.
 
2009-07-23 11:22:49 AM
Drastic erratic shifts in the DOW are not a good thing, it's up almost a thousand points in 14 days. There's gonna be some profit taking this afternoon I'll bet.
 
2009-07-23 11:26:33 AM
images.wikia.com
 
2009-07-23 11:27:25 AM
Bad newes?
 
2009-07-23 11:32:51 AM
This is bad news... for XYZ

Can we please toss this meme under a bus?
 
2009-07-23 11:35:25 AM
I knew of her back when she was Debbie Rowe.
 
2009-07-23 11:35:31 AM
Senescent Dawn: I may one day find happiness when people stop talking about the DOW as if it were:

A) A barometer of the entire country's economic health
B) A verdict on the economic policies of the current administration

Remember that the DOW reached its height under Bush.


It's one of many indicators about the health of the economy. I agree it's not the only way to tell if we're in good shape, but it is a definite sign of recovery if it's going up. 9000 isn't great relative to where we were at, but it's better than where we've been recently.
 
2009-07-23 11:37:06 AM
davidphogan: It's one of many indicators about the health of the economy. I agree it's not the only way to tell if we're in good shape, but it is a definite sign of recovery if it's going up. 9000 isn't great relative to where we were at, but it's better than where we've been recently.

Oh, sure. But bear rallies during recessions are very common things.
 
2009-07-23 11:38:22 AM
Howe nowe browne Dowe?
 
2009-07-23 11:45:59 AM
toddalmighty: Howe nowe browne Dowe?

Penis
 
2009-07-23 11:49:53 AM
davidphogan: Senescent Dawn: I may one day find happiness when people stop talking about the DOW as if it were:

A) A barometer of the entire country's economic health
B) A verdict on the economic policies of the current administration

Remember that the DOW reached its height under Bush.

It's one of many indicators about the health of the economy. I agree it's not the only way to tell if we're in good shape, but it is a definite sign of recovery if it's going up. 9000 isn't great relative to where we were at, but it's better than where we've been recently.


I just don't understand why everyone loves it so much when a much better stock-related barometer of the economy, the S&P 500, is so readily available. Seriously, how is an index that only includes 30 companies, which has a bizarre weighting system that only financial analysts could love, a decent measure of the stock market's performance?
 
2009-07-23 11:57:58 AM
schnarff: I just don't understand why everyone loves it so much when a much better stock-related barometer of the economy, the S&P 500, is so readily available. Seriously, how is an index that only includes 30 companies, which has a bizarre weighting system that only financial analysts could love, a decent measure of the stock market's performance?

Me: Hey I found $10?
schnarff: pff, why didn't you find $20? Ten bucks is nothing
 
2009-07-23 12:02:26 PM
Senescent Dawn: Oh, sure. But bear rallies during recessions are very common things.

But the market has been rallying for 3 months now. This isn't a 1 or 2 day move.
 
2009-07-23 12:07:17 PM
MonkeyVegetables: images.wikia.com

Came for this.

Left happy.
 
2009-07-23 12:08:26 PM
Dowe?
 
2009-07-23 12:19:49 PM
Dowe Jones?

Nowe do not.
 
2009-07-23 12:24:08 PM
Ah, yes, Ye Olde Dowe Jones.
 
2009-07-23 12:29:55 PM
Ah, yes, Dow(e) 9000.

Riding on the wings of fake profits and inflation. Yay!
 
2009-07-23 12:40:31 PM
A filthy speculators' index means little to me. Jobs are what matter.
 
2009-07-23 12:43:24 PM
I can only hope that at least one person that trumpeted the "Obama recession" comes in to this thread to remind us all that the DIJA doesn't mean anything.
 
2009-07-23 12:52:23 PM
Senescent Dawn: Remember that the DOW reached its height under Bush.

Bush also accomplished the impressive feat of leaving the S&P 500 lower than it was when he took office.

Not even Carter could do that.
 
2009-07-23 12:55:15 PM
It's not Dow. It's Dowé.

/Sigh. Twice in one week.
 
2009-07-23 01:02:29 PM
BritneysSpeculum: Pocket Ninja: elvisbloom: Dowe?

Coincidently, I have you farkied as having once posted:
"(I know that English is a tough language but next time try using spell check. thread 4174113)"

I was expecting something just as snarky.
 
2009-07-23 01:02:29 PM
schnarff: I just don't understand why everyone loves it so much when a much better stock-related barometer of the economy, the S&P 500, is so readily available. Seriously, how is an index that only includes 30 companies, which has a bizarre weighting system that only financial analysts could love, a decent measure of the stock market's performance?

Like the S&P 500, or NASDAQ, or any other exchange, it's a partial barometer. There's a lot of money invested in those companies, it's not just any 30 companies.
 
2009-07-23 01:09:37 PM
Senescent Dawn: I may one day find happiness when people stop talking about the DOW as if it were:

A) A barometer of the entire country's economic health
B) A verdict on the economic policies of the current administration

Remember that the DOW reached its height under Bush.


It's not a barometer on how the entire country's economic health but it is a barometer about how we feel about the entire country's economic health. And since a very large chunk of our economy is service sector jobs it does have some impact on the future of our economy.
 
2009-07-23 01:24:58 PM
Probably helps that they kicked GM off the DJIA a while back.
 
2009-07-23 01:27:11 PM
It's over nine thousand?
 
2009-07-23 01:28:01 PM
If the Dowe goes to 10,000 I can finally buy that Ferrarie I've always wanted.
 
2009-07-23 01:28:15 PM
Whoe?
 
2009-07-23 01:28:48 PM
What, nine thousand???
 
2009-07-23 01:29:57 PM
NewportBarGuy: Are we back to using the DJIA as an economic indicator again? Oh goody, I thought we might have actually learned something from doing that before. Thank god.

For better or worse, it's the number that gets reported the most, and the one that most people are familiar with.

Check your e-mail.
 
2009-07-23 01:30:08 PM
Good time to do some short selling.
 
2009-07-23 01:30:08 PM
Overe nine thousande!!!!!
 
2009-07-23 01:30:25 PM
If we become one of those socialist hippie states like yerup then do we get a month off from work too? I pick March. March sucks balls, no one wants to go to work in March anyway.
 
2009-07-23 01:31:20 PM
Shocktopus: If the Dowe goes to 10,000 I can finally buy that Ferrarie I've always wanted.


If the Dowe goes to 10,000 I can finally get a hooker with teeth!
 
2009-07-23 01:31:23 PM
Where's the Nasdaqe at?
 
2009-07-23 01:31:27 PM
davidphogan: Senescent Dawn: I may one day find happiness when people stop talking about the DOW as if it were:

A) A barometer of the entire country's economic health
B) A verdict on the economic policies of the current administration

Remember that the DOW reached its height under Bush.

It's one of many indicators about the health of the economy. I agree it's not the only way to tell if we're in good shape, but it is a definite sign of recovery if it's going up. 9000 isn't great relative to where we were at, but it's better than where we've been recently.


What is important is that a Dow that is too high can be sign of inevitable over valuation. 9000 in relation to the last decade and a half is not a bad place to be. When it starts hitting 13k, like it did, then we can suspect more financial shenanigans are afoot.
 
2009-07-23 01:31:32 PM
50mm: This is bad news... for XYZ

Can we please toss this meme under a bus?


First, THIS, and second, can we at least spell three-letter words correctly in the farking headlines? This headline is full of fail.
 
2009-07-23 01:31:44 PM
Seriousely?
 
2009-07-23 01:31:47 PM
Dowe?

i81.photobucket.com
 
2009-07-23 01:31:48 PM
...bade news fore Obama
 
2009-07-23 01:32:20 PM
MonkeyVegetables
This.
 
2009-07-23 01:32:28 PM
Eddie Adams from Torrance: Bad newes?

Jason Mewes?
 
2009-07-23 01:32:30 PM
Does this mean anything to me?

NO
 
2009-07-23 01:32:32 PM
OVER 9000!!!
 
2009-07-23 01:33:10 PM
web.mit.edu
 
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