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(The New York Times)   Dow just hit a record high. Top that, Colorado   (nytimes.com) divider line 141
    More: Spiffy, Colorado, Federal Reserve, David Rosenberg, adjusted basis, blue-chip companies, Hang Seng, blue chip companies, Euro Stoxx 50  
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2810 clicks; posted to Main » on 05 Mar 2013 at 10:50 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-05 10:51:48 AM
My friends are going to be so happy to hear this!
 
2013-03-05 10:52:07 AM
Wooooo!  The rich are getting richer!
 
2013-03-05 10:52:29 AM
+1
 
2013-03-05 10:53:15 AM
Yeah, but how's my FB stock lookin'?
 
2013-03-05 10:53:19 AM
DAMN YOU, 0BUMMER!!!
 
2013-03-05 10:53:52 AM
The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.
 
2013-03-05 10:53:53 AM
So?
 
2013-03-05 10:54:09 AM
Don't challenge Colorado like that... it'll be like San Francisco fog up here now....
 
2013-03-05 10:54:10 AM
Obama's fault!!!
 
2013-03-05 10:54:23 AM

PC LOAD LETTER: DAMN YOU, 0BUMMER!!!


Worst socialist ever.
 
2013-03-05 10:55:10 AM

AverageAmericanGuy: The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.


It's also pretty much useless as an indicator of how the average slob like me is doing.

Takes money to make money.
 
Skr
2013-03-05 10:55:16 AM
I suppose we need to hit more record highs to reach more record losses.
 
2013-03-05 10:55:16 AM
Yay! Haha! And people said that $5000 in index funds I invested in October of 2007 wouldn't pay off! I'm gonna sell my stocks, take that $5 I just made, and buy me some McDonalds!
 
2013-03-05 10:55:35 AM
The market will never survive the policies of Generalissimo Fartz McNambla.
 
2013-03-05 10:55:53 AM
This is bad news....for Obama.
 
2013-03-05 10:56:14 AM

Frothy Panties: So?


Sell.
 
2013-03-05 10:56:20 AM

AverageAmericanGuy: The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.


I agree.  30 old & tired stocks don't really reflect the real market.
 
2013-03-05 10:56:50 AM
This is what we get for putting a socialist in the whitehouse.
 
2013-03-05 10:56:58 AM
This would be so swell, if only I was a 2%.

Oohh, look, another bubble of cash floating upstream for the feeders.
 
2013-03-05 10:57:19 AM
I suppose that if you are into the Wall St Shuffle, a
s9.postimage.org
would go good now.
 
2013-03-05 10:57:28 AM
So, where's my cut? Where's my raise? Why is unemployment still so high if business is doing so well with these tax breaks and corporate welfare?

Why is that not the front page story on every rag in this country?
 
2013-03-05 10:57:41 AM

Summoner101: Wooooo!  The rich are getting richer!


Kinda came here to say something similar... The entire economy, especially here in poor, pathetic California, is still godawful. A bunch of people's salaries just got cut, health insurance is a nightmare, and so many federal programs are in the toilet. In five and a half years, I only make .50 an hour more than when I entered my field in 2007. Yet everything else has doubled in price, housing has gone up at least 25%, gas... holy god do I not want to fill my 16 gallon tank today. But the stocks are at an all time high? Something seems wrong here.
 
2013-03-05 10:57:52 AM
Time to invest in that real estate in Nevada I'm always hearing about!
 
2013-03-05 10:57:53 AM

StrikitRich: AverageAmericanGuy: The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.

I agree.  30 old & tired stocks don't really reflect the real market.


No, but it is one hell of a cattle call.
 
m00
2013-03-05 11:00:36 AM

kiwimoogle84: Kinda came here to say something similar... The entire economy, especially here in poor, pathetic California, is still godawful. A bunch of people's salaries just got cut, health insurance is a nightmare, and so many federal programs are in the toilet. In five and a half years, I only make .50 an hour more than when I entered my field in 2007. Yet everything else has doubled in price, housing has gone up at least 25%, gas... holy god do I not want to fill my 16 gallon tank today. But the stocks are at an all time high? Something seems wrong here


I think it's all going according to plan. The wealthy, aided by government, have finally figured out how to improve the economy only for them. Wealth is a competition, and you amass power and influence for its own sake. The less other people have, the more yours is worth.
 
2013-03-05 11:00:58 AM

StrikitRich: AverageAmericanGuy: The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.

I agree.  30 old & tired stocks don't really reflect the real market.


Hell, even the S&P 500 is a better market indicator. It's about $20 off its all time high in 2007.
 
2013-03-05 11:01:25 AM
I THINK I FELT A TRICKLE!

/oh... naw... just birdsh*t
 
2013-03-05 11:02:28 AM
Seriously though, who would ever want to really go and top that?
 
2013-03-05 11:02:36 AM

The Irresponsible Captain: So, where's my cut? Where's my raise? Why is unemployment still so high if business is doing so well with these tax breaks and corporate welfare?



It's been trickling down since the 80s. The trickle will get to you in a few more years.
 
2013-03-05 11:03:58 AM
"That John Denver's full of s**t man."
 
2013-03-05 11:04:00 AM

StrikitRich: AverageAmericanGuy: The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.

I agree.
30 old & tired stocks don't really reflect the real market. economy.

 
2013-03-05 11:04:09 AM
All the kids in school are all really Inspired by the astronauts on the ISS... Imagine being able to stay that high for that long...
 
2013-03-05 11:04:19 AM
Wait 'til I tell all my pals in the FEMA gulag that the socialistest socialist to ever socialist a socialist, Generalissimo Obama, has failed to punish all these blessed job-creators.
 
2013-03-05 11:04:20 AM
It's all part of Obama's cunning plot to destroy the economy, the country, your freedoms and so forth. He did this before. Before he was President, before he was born in Kenya, before he was born in Indonesia, before he was selected as a Manchurian Candidate by the Chinese on August 4, 1961, and before the beginning of time.
 
2013-03-05 11:04:21 AM
Well, I for one appreciate my rich overlords. May they prosper on thier yachts....

/lovely filth over here...
 
2013-03-05 11:05:04 AM
Time to short.
 
2013-03-05 11:05:20 AM
If you factor in inflation, we're still below 13k.

Sorry to rain on the parade, but I've been investing for years and the DOW is a joke to anyone serious in it.
 
2013-03-05 11:05:31 AM

AverageAmericanGuy: Seriously though, who would ever want to really go and top that?


www.cherryplucker.com
 
2013-03-05 11:06:01 AM

AverageAmericanGuy: Hell, even the S&P 500 is a better market indicator. It's about $20 off its all time high in 2007.


True, although it would have to hit about 1700 to match the 2007 high after inflation.
 
2013-03-05 11:07:23 AM
Considering how many people have their retirements tied to the performance of the stock market I will not cynically congratulate the jackals getting rich on Wall Street.
 
2013-03-05 11:07:28 AM

m00: kiwimoogle84: Kinda came here to say something similar... The entire economy, especially here in poor, pathetic California, is still godawful. A bunch of people's salaries just got cut, health insurance is a nightmare, and so many federal programs are in the toilet. In five and a half years, I only make .50 an hour more than when I entered my field in 2007. Yet everything else has doubled in price, housing has gone up at least 25%, gas... holy god do I not want to fill my 16 gallon tank today. But the stocks are at an all time high? Something seems wrong here

I think it's all going according to plan. The wealthy, aided by government, have finally figured out how to improve the economy only for them. Wealth is a competition, and you amass power and influence for its own sake. The less other people have, the more yours is worth.



Yup. Complete horsecrap. I take home the poverty line for a family of four, and I make a decent salary at double minimum wage. Although minimum wage is still a farking joke. The poverty line for a single person is like, 11k per year. Holy god I couldn't live on that. I have a hard enough time with twice that. Yet there's snotty kids everywhere adding photos to the 1%er's kids tumblr, pissing away my yearly salary on an evening out.

I'm not part of the Occupy movement. I work hard for a living and I'm fairly proud of where I am. I don't want a handout. But a raise might be nice, and it's just not right that a single 18 year old female with no pre-existing conditions has to pay $400 a month for health insurance.

/endrant
 
2013-03-05 11:07:57 AM
Open up your mouths and look toward the sky because I'm sure the rich will start peeing on us any time now.
 
2013-03-05 11:08:29 AM

Grapple: Don't challenge Colorado like that... it'll be like San Francisco fog up here now....


I'll try to go out of my way to puff a bit today
 
2013-03-05 11:08:36 AM
I blame credit the sequester.
 
2013-03-05 11:10:07 AM

kiwimoogle84: m00: kiwimoogle84: Kinda came here to say something similar... The entire economy, especially here in poor, pathetic California, is still godawful. A bunch of people's salaries just got cut, health insurance is a nightmare, and so many federal programs are in the toilet. In five and a half years, I only make .50 an hour more than when I entered my field in 2007. Yet everything else has doubled in price, housing has gone up at least 25%, gas... holy god do I not want to fill my 16 gallon tank today. But the stocks are at an all time high? Something seems wrong here

I think it's all going according to plan. The wealthy, aided by government, have finally figured out how to improve the economy only for them. Wealth is a competition, and you amass power and influence for its own sake. The less other people have, the more yours is worth.


Yup. Complete horsecrap. I take home the poverty line for a family of four, and I make a decent salary at double minimum wage. Although minimum wage is still a farking joke. The poverty line for a single person is like, 11k per year. Holy god I couldn't live on that. I have a hard enough time with twice that. Yet there's snotty kids everywhere adding photos to the 1%er's kids tumblr, pissing away my yearly salary on an evening out.

I'm not part of the Occupy movement. I work hard for a living and I'm fairly proud of where I am. I don't want a handout. But a raise might be nice, and it's just not right that a single 18 28 year old female with no pre-existing conditions has to pay $400 a month for health insurance.

/endrant



/fixed
//dear lord, if I could do the last ten years over, I would
/I sound poor
 
GBB
2013-03-05 11:10:13 AM

AverageAmericanGuy: The Dow is a terrible index. It's flashy and moves a lot, so it makes great news, but it's not as good as the Wilshire indices to gauge the actual state of the market.


<rolls eyes>  Hipster investors </rolls eyes>
 
2013-03-05 11:10:25 AM
The DJIA has another 11.5% to gain if it wants to beat that record in inflation adjusted dollars.

$14,198*1.02^5.5= $15,831
 
2013-03-05 11:10:29 AM
So all the companies will start hiring sprees to keep up with rising demand in products?

/quit laughing
 
2013-03-05 11:11:58 AM

kiwimoogle84: Summoner101: Wooooo!  The rich are getting richer!

Kinda came here to say something similar... The entire economy, especially here in poor, pathetic California, is still godawful. A bunch of people's salaries just got cut, health insurance is a nightmare, and so many federal programs are in the toilet. In five and a half years, I only make .50 an hour more than when I entered my field in 2007. Yet everything else has doubled in price, housing has gone up at least 25%, gas... holy god do I not want to fill my 16 gallon tank today. But the stocks are at an all time high? Something seems wrong here.


Exactly.
The Dow is up because EVERYTHING COSTS more... including stocks.
If you print more money, it costs more money to buy things.
www.data360.org
 
2013-03-05 11:12:00 AM

kiwimoogle84: Yet there's snotty kids everywhere adding photos to the 1%er's kids tumblr, pissing away my yearly salary on an evening out.

/endrant


what the 1%er's tumblr may look like

some of those receipts are more than my yearly salary, sh*t maybe about 5-10 years salary even.
 
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