FARK.com: (6922300) DOW hits a 4 year high; NASDAQ hits an 11 year high. This is not a repeat from 2007, 1999, 1987, 1929

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		DOW hits a 4 year high; NASDAQ hits an 11 year high. This is not a repeat from 2007, 1999, 1987, 1929 (money.cnn.com)		58
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58 Comments (+0 »)

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RCraig

2012-02-04 06:47:30 AM

That Obama....what an a-hole.

Hobodeluxe

2012-02-04 07:47:43 AM

Jobs are up, Stocks are up. He is truly history's greatest monster.

BillCo

2012-02-04 08:11:27 AM

Help me out here guys, I want to make sure I have this right.

Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

Gob bless Obama!

_{/except for you atheist, of course YMMV.}

nekom

2012-02-04 08:13:07 AM

BillCo: Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

Gob bless Obama!

The same could be said of Bush during his term. And yes, he actually DID do some good things. First people of color appointed to some very high offices, lots of help in Africa, etc. Welcome to party politics.

/voted for Obama, just sayin' that's how it goes

BunkyBrewman

2012-02-04 08:16:04 AM

sees what you did there

nekom

2012-02-04 08:16:41 AM

and I read that completely backwards. I shouldn't post before coffee. I'll show myself out.

PC LOAD LETTER

2012-02-04 08:29:57 AM

We already had our crash subby, so that's a stupid analogy. 1936, however...

GreenAdder

2012-02-04 08:37:56 AM

BillCo: Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

It works the other way, I thought. If something bad happens, it's Obama's fault. But it something good happens, it's because Bush created some policy that took time to implement, and therefore Obama's taking credit unfairly.

hubiestubert

2012-02-04 08:50:30 AM

GreenAdder: BillCo: Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

It works the other way, I thought. If something bad happens, it's Obama's fault. But it something good happens, it's because Bush created some policy that took time to implement, and therefore Obama's taking credit unfairly.

I thought that the market was responding to the news that Gingrich/Romney/Santorum is going to ascend to the Presidency on wings of pure commerce and bootstrappiness, and that it's in spite of the Commie-Pinko-Socio-Fascist-Muslim Usurper.

Or that Mama Grizzly was going to enter the race, and save us all...

I_C_Weener

2012-02-04 08:53:24 AM

Let's hope not submitter, let's hope not.

Eddie Adams from Torrance

2012-02-04 08:56:29 AM

This is due to Republican obstructionism.

If Taxbongo were to be allowed to implement his commit fascist, socialist, Muslin policies the DOW would be at minus-eleventy-three.

Hobodeluxe

2012-02-04 08:58:28 AM

BillCo: Help me out here guys, I want to make sure I have this right.

Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

Gob bless Obama!

/except for you atheist, of course YMMV.

2.bp.blogspot.com

GAT_00

2012-02-04 09:03:55 AM

So, Obama gets all the credit here, just like he got all the credit for the stock market crashing down to 6500 in early 2009, right?

MaudlinMutantMollusk

2012-02-04 09:39:39 AM

You can bet if the market tanked we'd be hearing about how he was TOTALLY responsible

/at extreme volume

Dinki

2012-02-04 09:40:44 AM

ManateeGag

2012-02-04 10:53:33 AM

So, what happened to this global economic collapse I was told to expect when all the shiat went down in Europe?

dogdaze

2012-02-04 10:54:26 AM

GOP math 101:
Republican in charge + ^job #s + ^stocks = Republicans get credit
Democrat in charge + ^job #s + ^stocks = Quantitative easing + Skewed job #s

Ed Finnerty

2012-02-04 11:15:51 AM

Thanks a lot Obambomuslinusurperspicymustardtaxbongo!

FormlessOne

2012-02-04 11:42:48 AM

GAT_00: So, Obama gets all the credit here, just like he got all the credit for the stock market crashing down to 6500 in early 2009, right?

You mean the "poison pill" crash started by the Bush administration as a parting "gift", right?

Sheesh.

wee

2012-02-04 11:43:40 AM

Why are you people politicizing this? It's part of a cycle, that's all (subby even alludes to this). Would have happened regardless of who was president...

rev. dave

2012-02-04 11:47:56 AM

Some people will always find a reason that someone else is persecuting them.

cryinoutloud

2012-02-04 11:55:44 AM

ManateeGag: So, what happened to this global economic collapse I was told to expect when all the shiat went down in Europe?

Does the stock market have anything to do with the real world? As far as I can tell, it does not

Shaggy_C

2012-02-04 12:08:45 PM

Been a rough last year. I bought in on a bunch of stocks last January, to watch them rise pretty nicely throughout the first half of 2011. Then the downgrade hit and everything went to shiat. Just in the last two weeks I'm back in the black after being in the red for the last six months.

/Would probably be better off if I wasn't so risk-averse, going for dividends instead of growth. Fark you, FTR!

Dear Jerk

2012-02-04 12:18:17 PM

Typically, the stock market rises more during democratic administrations. Not that the republicans aren't business friendly, it's that republicans allow the rich to raid assets of all sorts.

hugram

2012-02-04 12:27:46 PM

The NASDAQ is up 101% since 1/20/2009

AzDownboy

2012-02-04 12:41:19 PM

cryinoutloud: ManateeGag: So, what happened to this global economic collapse I was told to expect when all the shiat went down in Europe?

Does the stock market have anything to do with the real world? As far as I can tell, it does not

Stocks are a leading indicator, jobs are a lagging indicator

/IANAEconomist
//I play one on TV

nyseattitude

2012-02-04 12:43:57 PM

nekom: BillCo: Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

Gob bless Obama!

The same could be said of Bush during his term. And yes, he actually DID do some good things. First people of color appointed to some very high offices, lots of help in Africa, etc. Welcome to party politics.

/voted for Obama, just sayin' that's how it goes

I did too. 1,740 times in 29 states.

Thank you Acorn!

snowshovel

2012-02-04 12:53:42 PM

I believe the correct talking points are that, "while the increases are nice, if it wasn't for the failed policies of Obama (that we constantly blocked in congress) that these increases should be MUCH higher now (due to us reading the Constitution to open up Congress (well, the good parts, anyway))."

Giltric

2012-02-04 12:59:31 PM

And the wealth gap just got larger......why is everyone cheering?

the top 10% own 80-90% of the market.

HotIgneous Intruder

2012-02-04 01:34:20 PM

But, but, but ... GOLD!

HotIgneous Intruder

2012-02-04 01:37:26 PM

But, but, but ... UNCERTAINTY!

HotIgneous Intruder

2012-02-04 01:41:02 PM

So banging the war drums on Iran is sending someone a messach and it's being received loud and clear.

/war: capitalists love it
//it gives them stiffies

MaudlinMutantMollusk

2012-02-04 01:42:35 PM

wee: Why are you people politicizing this? It's part of a cycle, that's all (subby even alludes to this). Would have happened regardless of who was president...

Are you new here?

Zombie DJ

2012-02-04 01:56:28 PM

PC LOAD LETTER: We already had our crash subby, so that's a stupid analogy. 1936, however...

THIS!!!

struct

2012-02-04 01:57:21 PM

wee: Why are you people politicizing this? It's part of a cycle, that's all (subby even alludes to this). Would have happened regardless of who was president...

That is absolutely not true. Republicans have kept making this a referendum on Obama's policies as he got into office, specifically the stimulus, continuation of TARP, auto bailouts, and (even though its not directly him) the Fed's actions. And they're right. All of these actions have collectively saved or created ~3 million jobs and boosted real GDP ~3.4%. A president Palin for example would have probably not implemented anything that Obama wound up doing, and we might well be still be in a negative growth area.

Link to a paper about it here (can't get the direct link to work).

Link (new window)

You are right, this stuff is cyclical, but there are wildly different ways that cycles can play out. For example, after the US comes out of the depression in 1936 premature fiscal austerity is implemented and it slides back in, until WWII comes to take it out. Obama's policies this time around were very different, we learned from this mistakes, and the results show. Sorry, but for better or worse, this economy, more than any president since Roosevelt, is Obama's.

mr lawson

2012-02-04 02:13:43 PM

That sound you hear the the GOP screaming in terror.

wutchamacallem

2012-02-04 02:32:19 PM

Need another button.

cameroncrazy1984

2012-02-04 02:42:28 PM

HotIgneous Intruder: But, but, but ... UNCERTAINTY!

What uncertainty? The unemployment rates have dropped almost a full percentage point in three months.

stiletto_the_wise

2012-02-04 03:05:33 PM

Giltric: And the wealth gap just got larger......why is everyone cheering?

the top 10% own 80-90% of the market.

Came here to say exactly THIS.

arcas

2012-02-04 03:18:06 PM

Giltric: And the wealth gap just got larger......why is everyone cheering?

the top 10% own 80-90% of the market.

All the more reason why you should strive to become a member of that 10% group if you're not already part of it.

Goals. They're a good thing to have.

lazyguineapig33

2012-02-04 04:59:05 PM

the stock markets are 95% divorced from reality? SHOCKING!!!!!

Why Would I Read the Article

2012-02-04 05:02:30 PM

intelligent comment below

2012-02-04 05:44:17 PM

is this really shocking to anyone? The rich have barely been hurt by the economic downturn. The point was to hurt the rest of the world so nobody was a big threat to their expanding wealth pie.

wutchamacallem

2012-02-04 06:25:10 PM

All the more reason why you should strive to become a member of that 10% group if you're not already part of it.

Goals. They're a good thing to have.

You are responding to the Occupy generation. They think that wealth is finite. Therefore, the only way they can get some is to hope that somebody will take it away from somebody else and give it to them. Pretty sad but maybe they will grow out of it.

lennavan

2012-02-04 06:29:10 PM

BillCo: Help me out here guys, I want to make sure I have this right.

Anything good that happens, Obama is 100% personally responsible for, anything bad that happens is the fault of one of those mean old Republicans. That's what we believe, right?

Gob bless Obama!

/except for you atheist, of course YMMV.

Whoa whoa whoa whoa. Let me get this straight. You just admitted this was good?

Holy shiat, we had a major breakthrough here today guys. I mean yesterday the conservatrolls were explaining why gaining 243,000 jobs was bad. Today, they agree something good happened while Obama was president?

I mean, wow, Obama must be doing an incredibly good job if even the far right derpsters are agreeing good things are happening in the US.

stiletto_the_wise

2012-02-04 06:37:13 PM

arcas: Giltric: And the wealth gap just got larger......why is everyone cheering?

the top 10% own 80-90% of the market.

All the more reason why you should strive to become a member of that 10% group if you're not already part of it.

Goals. They're a good thing to have.

Right. That's what brings success: "striving". LOL

wombatsrus

2012-02-04 06:38:50 PM

Dollar cosGAT_00: So, Obama gets all the credit here, just like he got all the credit for the stock market crashing down to 6500 in early 2009, right?

What happens is 2009 doesn't matter now. People can't remember that far back, and policies that their time to work through the system. What matters is what is happening now. If this trend continues, and it likely will, Obama's a sure bet for a 2nd term.

DrPainMD

2012-02-04 11:44:04 PM

Hobodeluxe: ~~Jobs are up, Stocks are up.~~ We've entered another debt-fueled bubble. He is truly history's greatest monster.

FTFY

intelligent comment below

2012-02-04 11:57:57 PM

wutchamacallem:

You are responding to the Occupy generation. They think that wealth is finite. Therefore, the only way they can get some is to hope that somebody will take it away from somebody else and give it to them. Pretty sad but maybe they will grow out of it.

There is a set money supply. It expands and contracts, but generally for you to get wealthy, you need to be taking it from someone else. There's a reason the "top 1% top 10%" are always talked about in history, because their percentages never change.

Here you go, educate yourself on basic economics

http://www.pbs.org/newshour/rundown/2011/08/wealth-how-does-the-us-sl i ce-the-pie.html

StokeyBob

2012-02-05 07:49:42 AM

When you've looted the honest mans economy by counterfeiting the money supply to get your way, how else could it go? If you double the supply would it not take twice as much? Don't forget your capital gains on your false profits (It's their win win move).

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