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(Bloomberg)   Dow reaches 15,000 on news that the S&P reached 1600   (bloomberg.com) divider line 154
    More: Interesting, money management, Caterpillar Inc., Institute for Supply Management, Kraft Foods Group, Federal Reserve, Dow Jones Transportation Average, Dow Jones Industrial Average, stimulus  
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901 clicks; posted to Business » on 03 May 2013 at 12:19 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-03 11:00:06 AM  
That headline summed up the markets perfectly.
 
2013-05-03 11:51:33 AM  
See what happens when you have a Socialist president intent upon destroying America?
 
2013-05-03 12:03:40 PM  

Therion: See what happens when you have a Socialist president intent upon destroying America?


The continued success of America proves he's just an empty suit.
 
2013-05-03 12:21:42 PM  
Damn, just imagine how good the economy would be if we weren't shedding gov't jobs like dog hair

Tried to think of a better metaphor, I really did
 
2013-05-03 12:22:52 PM  
GOD DAMN YOU OBAMAAAAAAAAAAAA
 
2013-05-03 12:23:55 PM  
Thanks, Obama.
 
2013-05-03 12:24:13 PM  

TDWCom29: Damn, just imagine how good the economy would be if we weren't shedding gov't jobs like dog hair

Tried to think of a better metaphor, I really did


This is why my poodle economy is far superior to Obama's rat terrier economy.
 
2013-05-03 12:27:10 PM  
Oh good. My IRA will add another $25 to the total. At this pace, I'll be able to retire in the year 2456.
/I'm glad the stock market is doing well
// but it does nothing for the working class overall
 
2013-05-03 12:29:07 PM  
 
2013-05-03 12:32:39 PM  
Yes, we'd be screwed without the Fed's timely save manipulation of the markets.

http://www.zerohedge.com/news/chart-year-fed-has-doubled-sp-admits-f ed 

I'm sure it's not a bubble and won't end poorly.

/purchased stock in tin foil
//gold bug
///conspiracy theorist
////racist
//fascist
//Did I miss anything?
 
2013-05-03 12:35:33 PM  
We accept your gratitude.
 
2013-05-03 12:36:32 PM  
Damnit Obama
 
2013-05-03 12:39:18 PM  

Therion: See what happens when you have a Socialist president intent upon destroying America?


Worst. Socialist. Ever.
 
2013-05-03 12:39:18 PM  
lololololol.  Markets:  "OMG, unemployment is down to 7.5%?  Let's smash through 15,000."

Makes sense.
 
2013-05-03 12:39:41 PM  

TDWCom29: Damn, just imagine how good the economy would be if we weren't shedding gov't jobs like dog hair


Improving economy and fewer government jobs. That farking 0bammy socialist is out of control!
 
2013-05-03 12:41:27 PM  

Damnaged: Yes, we'd be screwed without the Fed's timely save manipulation of the markets.

http://www.zerohedge.com/news/chart-year-fed-has-doubled-sp-admits-f ed 

I'm sure it's not a bubble and won't end poorly.

/purchased stock in tin foil
//gold bug
///conspiracy theorist
////racist
//fascist
//Did I miss anything?


You can't fight the Fed.
 
2013-05-03 12:41:44 PM  
Funny, I hardly ever see this graphic anymore:
2.bp.blogspot.com
 
2013-05-03 12:41:54 PM  
"You know that if the President is re-elected, he will still be unable to work with the people in Congress," Romney said. "He has ignored them, attacked them, blamed them. The debt ceiling will come up again, and shutdown and default will be threatened, chilling the economy."  -Mitt Romney


Or you could be completely wrong and thing will continue to improve. You had a 50/50 shot at being right, you should have taken both sides of this issue too.
 
2013-05-03 12:42:54 PM  

MrSteve007: Funny, I hardly ever see this graphic anymore:
[2.bp.blogspot.com image 450x465]


This one either:
 
2013-05-03 12:43:29 PM  

jst3p: MrSteve007: Funny, I hardly ever see this graphic anymore:
[2.bp.blogspot.com image 450x465]

This one either:


Damn preview.

www.ihatethemedia.com
 
2013-05-03 12:47:31 PM  
I remember when the S&P was only 500
 
2013-05-03 12:48:54 PM  

jst3p: "You know that if the President is re-elected, he will still be unable to work with the people in Congress," Romney said. "He has ignored them, attacked them, blamed them. The debt ceiling will come up again, and shutdown and default will be threatened, chilling the economy."  -Mitt Romney


Or you could be completely wrong and thing will continue to improve. You had a 50/50 shot at being right, you should have taken both sides of this issue too.


He's not wrong yet. We hit the debt ceiling on the 19th of this month.

Treasury Timmy will wave his hands and buy us a few months of course, but it has to be raised sometime, and congress is looking crazier than ever.
 
2013-05-03 12:50:34 PM  

DubyaHater: Oh good. My IRA will add another $25 to the total. At this pace, I'll be able to retire in the year 2456.
/I'm glad the stock market is doing well
// but it does nothing for the working class overall


My inactive 401K from my old job added over $8k in Q1.

/working class
 
2013-05-03 12:51:47 PM  

MrSteve007: Funny, I hardly ever see this graphic anymore:
[2.bp.blogspot.com image 450x465]


Somehow this doesn't have the same effect:
i1326.photobucket.com
 
2013-05-03 12:53:19 PM  
And this affects unemplyment how? What about student loan debt?  Home owners underwater on mortgages?  No?
 
2013-05-03 12:53:39 PM  

SlothB77: Makes sense.


Your sarcasm is justified because what you said does not, in fact, make sense. Which is why it's not what's motivating investor behavior right now.

But you keep up that rain dance, crazy guy. I'm sure that doom cloud your ilk keep hoping for will form aaaaaaannnnny quarter now.
 
2013-05-03 12:54:09 PM  

PanicMan: And this affects unemplyment how? What about student loan debt?  Home owners underwater on mortgages?  No?


Unemployment is the lowest it's been in four years, so there's that.
 
2013-05-03 12:56:28 PM  

SlothB77: lololololol.  Markets:  "OMG, unemployment is down to 7.5%?  Let's smash through 15,000."

Makes sense.


It's almost as if an improving employment situation leads to stronger demand for all kinds of products and services that are provided by companies that are traded in the stock markets.
 
2013-05-03 12:57:17 PM  

Wendy's Chili: jst3p: "You know that if the President is re-elected, he will still be unable to work with the people in Congress," Romney said. "He has ignored them, attacked them, blamed them. The debt ceiling will come up again, and shutdown and default will be threatened, chilling the economy."  -Mitt Romney


Or you could be completely wrong and thing will continue to improve. You had a 50/50 shot at being right, you should have taken both sides of this issue too.

He's not wrong yet. We hit the debt ceiling on the 19th of this month.

Treasury Timmy will wave his hands and buy us a few months of course, but it has to be raised sometime, and congress is looking crazier than ever.


I agree that we aren't out of the woods yet. That being said:
Given the way math works raising the debt ceiling isn't, necessarily, a bad thing. Or population and our GDP (in theory) generally trend up. So long as our debt remains a percentage of GDP that we can comfortably service it isn't a "bad" thing. Granted I see the benefit of paying off all of our debt, but those are moves to make in expansionary times, not during economic recovery. We should have done it during the boom experienced while Bush was in office (not that I blame Bush, it was a bipartian failure). Instead we decided to go to war and expand medicare while lowering revenue (we should have raised taxes). Let's hope we learned our lesson and the next time we are enjoying prosperity we act more responsibly.
 
2013-05-03 12:58:11 PM  
We  a Fidelity rep in our office this morning talking about options for our 401k's...

All I could think the entire time was that...since I barely make enough to save any money in the account this guy giving the presentation is probably going to lose waaaay more than me when the market actually corrects itself.

Try to follow logic on this one....

We can't pay for our debt. We know we're farked, so we try to out-smart about the situation.
Our dollar is the reserve currency for the world right now so we magically print more money out of thin air to pay off our debt.
This works until all the other countries decide to stop using our dollar for exchanging goods and services. It's already happening.

We. Are. Farked. And for the most part people are clueless. Most of my co-workers think the market all time high is a sign that things are really turning around for the economy, but in my humble opinion it's all artificial.

Maybe I'm just a pessimist, but I think our county is slowly going to bleed to death economically. Thanks boomers.
 
2013-05-03 12:58:23 PM  

theknuckler_33: SlothB77: lololololol.  Markets:  "OMG, unemployment is down to 7.5%?  Let's smash through 15,000."

Makes sense.

It's almost as if an improving employment situation leads to stronger demand for all kinds of products and services that are provided by companies that are traded in the stock markets.


Ahh, so the Bush recovery is finally kicking in, the money is trickling down. Tax cuts for the wealthy time!
 
2013-05-03 12:59:21 PM  

jst3p: jst3p: MrSteve007: Funny, I hardly ever see this graphic anymore:
[2.bp.blogspot.com image 450x465]

This one either:

Damn preview.

[www.ihatethemedia.com image 480x360]


The one was buried by this:
i.imgur.com
 
2013-05-03 12:59:24 PM  

Therion: See what happens when you have a Socialist president intent upon destroying America?


valar_morghulis: GOD DAMN YOU OBAMAAAAAAAAAAAA


DarwiOdrade: Thanks, Obama.


spiderpaz: Damnit Obama


jst3p: Improving economy and fewer government jobs. That farking 0bammy socialist is out of control!


Thank God Obama held out and let the sequester happen over GOP attempts to derail it.

/ I can post hoc ergo propter hoc ironically with the best of them
 
2013-05-03 01:00:44 PM  

theknuckler_33: SlothB77: lololololol.  Markets:  "OMG, unemployment is down to 7.5%?  Let's smash through 15,000."

Makes sense.

It's almost as if an improving employment situation leads to stronger demand for all kinds of products and services that are provided by companies that are traded in the stock markets.


No no no. The only thing that improves markets is austerity and tax breaks! When wealthy people are finally placated then they will hire us all to do work for them making things we won't be able to afford because having a TV or a car or a fridge is living above our means. Only when we have worked as hard as they have will we be entitled to such things.

In the meantime, they must keep our money for us.

/This is what conservatives actually believe.
 
2013-05-03 01:00:49 PM  
So can we slowly start cutting spending now that we are recovering?
 
2013-05-03 01:00:51 PM  

DarwiOdrade: PanicMan: And this affects unemplyment how? What about student loan debt?  Home owners underwater on mortgages?  No?

Unemployment is the lowest it's been in four years, so there's that.


Yep, that's why the market is rallying. Not only was this month's jobs report better than expected, but they made huge revisions upwards on the previous few reports - and *poof* like that a quarter million jobs were created!

/whar are the jobs Obama!?!? Whar!
//oh, there they are . . . ummm, BENGHAZI!!!
 
2013-05-03 01:01:16 PM  

jjorsett: Therion: See what happens when you have a Socialist president intent upon destroying America?

valar_morghulis: GOD DAMN YOU OBAMAAAAAAAAAAAA

DarwiOdrade: Thanks, Obama.

spiderpaz: Damnit Obama

jst3p: Improving economy and fewer government jobs. That farking 0bammy socialist is out of control!

Thank God Obama held out and let the sequester happen over GOP attempts to derail it.

/ I can post hoc ergo propter hoc ironically with the best of them


Will it still be his idea when it doesn't cause a meltdown?
 
2013-05-03 01:02:11 PM  

PanicMan: And this affects unemplyment how? What about student loan debt?  Home owners underwater on mortgages?  No?


My home accrued a 22% yoy increase because of the rising housing market.  And unemployment is still heading downward.  Keep struggling to find something Obama is doing wrong though.
 
2013-05-03 01:02:18 PM  

jjorsett: / I can post hoc ergo propter hoc ironically with the best of them


Obviously you can't since yours didn't actually make any sense, sarcastic or otherwise.
 
2013-05-03 01:02:25 PM  

Saiga410: So can we slowly start cutting spending now that we are recovering?


Ummm, what do you think the sequester was?
 
2013-05-03 01:02:51 PM  

jjorsett: Therion: See what happens when you have a Socialist president intent upon destroying America?

valar_morghulis: GOD DAMN YOU OBAMAAAAAAAAAAAA

DarwiOdrade: Thanks, Obama.

spiderpaz: Damnit Obama

jst3p: Improving economy and fewer government jobs. That farking 0bammy socialist is out of control!

Thank God Obama held out and let the sequester happen over GOP attempts to derail it.

/ I can post hoc ergo propter hoc ironically with the best of them


That must be why that GOP Rep. from MO is pushing for more sequester-like cuts over the horrified cries of his constitutents, right?
 
2013-05-03 01:03:31 PM  

DarwiOdrade: PanicMan: And this affects unemplyment how? What about student loan debt?  Home owners underwater on mortgages?  No?

Unemployment is the lowest it's been in four years, so there's that.


Home prices rise at highest rate in 7 years
 
2013-05-03 01:03:56 PM  

jjorsett: Therion: See what happens when you have a Socialist president intent upon destroying America?

valar_morghulis: GOD DAMN YOU OBAMAAAAAAAAAAAA

DarwiOdrade: Thanks, Obama.

spiderpaz: Damnit Obama

jst3p: Improving economy and fewer government jobs. That farking 0bammy socialist is out of control!

Thank God Obama held out and let the sequester happen over GOP attempts to derail it.

/ I can post hoc ergo propter hoc ironically with the best of them


You do understand that the sequester is producing a drag on the economy, right?
 
2013-05-03 01:04:46 PM  

DarwiOdrade: Thanks, Obama.

 
2013-05-03 01:05:10 PM  

MrSteve007: Saiga410: So can we slowly start cutting spending now that we are recovering?

Ummm, what do you think the sequester was?


Not far enough.

Actually wasnt the sequester supposed to crash the economy and make us feast on our neighbors brains by this point?
 
2013-05-03 01:06:01 PM  

theknuckler_33: DarwiOdrade: PanicMan: And this affects unemplyment how? What about student loan debt?  Home owners underwater on mortgages?  No?

Unemployment is the lowest it's been in four years, so there's that.

Home prices rise at highest rate in 7 years


I bought one in 2010 and one last November, in my area both are trending up in value. I would like to take complete credit for great timing of the market but some of it was luck.

Still, it is pretty awesome being me.
 
2013-05-03 01:08:42 PM  
The fed is printing money and there is a 17 trillion dollar debt.

no problem here.
 
2013-05-03 01:10:31 PM  
The re-re-re-overinflating of the bubble is progressing nicely.
 
2013-05-03 01:12:01 PM  

chuggernaught: The re-re-re-overinflating of the bubble is progressing nicely.


3.bp.blogspot.com
 
2013-05-03 01:12:07 PM  

BalugaJoe: The fed is printing money and there is a 17 trillion dollar debt.

no problem here.


No one that knows anything is saying there is no problem. There has been a big problem for a long time. The problem is slowly getting smaller. What would you do to fix it differently?
 
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