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(Google)   DOW closes at all time high, which is great news for the 98% of Americans who own 0.5% of the stocks   (google.com) divider line 218
    More: Obvious, Americans, stocks  
•       •       •

2589 clicks; posted to Main » on 01 May 2014 at 7:20 AM (33 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



218 Comments   (+0 »)
   
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2014-05-01 07:12:27 AM  
splitsider.com

The voice I heard that headline in.
 
2014-05-01 07:14:41 AM  
i953.photobucket.com
 
2014-05-01 07:21:45 AM  
Not a 1%er and even I have some stock, plus this makes my 401k happy, so I'm ok with it.
 
2014-05-01 07:23:10 AM  
I'm curious to see what happens when the Fed stops blowing oxygen into the furnace.  I've lost count of which quantitative easing number we're on now.
 
2014-05-01 07:30:00 AM  
The trick-down from the policies of the Bush years continues. I wonder in what year the Obama crash will occur,
 
2014-05-01 07:31:05 AM  
Clearly this is Obama's fault.
 
2014-05-01 07:31:20 AM  
The higher we raise taxes, the higher the stock market goes.  Let's crank that federal tax rate up to about 90% and raise fast food worker wages to $15/hour, the Dow will skyrocket to 100k and poor people will finally be rich too!
 
2014-05-01 07:31:27 AM  
For those 2% who own the rest of the stocks, they know the DOW really is BS and does not matter.  They pay attention to the actual stocks they own.
 
2014-05-01 07:33:20 AM  
I blame Taft!
 
2014-05-01 07:34:10 AM  

Phineas: The higher we raise taxes, the higher the stock market goes.  Let's crank that federal tax rate up to about 90% and raise fast food worker wages to $15/hour, the Dow will skyrocket to 100k and poor people will finally be rich too!


you, sir, should be our next president.

/Phineas for pres!!!!eleventy!11eleven!1111
 
2014-05-01 07:34:40 AM  
Whatever. Just hate the rich subby, you dolt.
 
2014-05-01 07:35:22 AM  
Smile peasants!  Many of your betters are diabetic.  It will be sweet when it trickles down.
 
2014-05-01 07:35:22 AM  
Do liberals really believe that?

Where do 401ks live? Where do all those underfunded city, state, federal pensions live? Where do mortgages and banking live?

I would be much more concerned with 0.1% growth in the first quarter, and the full implementation of Obamacare vs business, electric boogaloo coming up.
 
2014-05-01 07:37:09 AM  

Mr. Oizo: I'm curious to see what happens when the Fed stops blowing oxygen into the furnace.  I've lost count of which quantitative easing number we're on now.


That is also a question I have.  It seems that banks are making a lot of money just playing with cash instead of putting money into circulation for real economic activity.  Companies are deriving a fair amount of their favorable bottom line from stock price increases and stock buy-backs and look to be doing well in spite of a significant number of them missing their top line forecasts.  Then yesterday the report comes out about extremely low Q1 GDP growth.  Is the stock market feeding on itself and creating another bubble?
 
2014-05-01 07:37:19 AM  

Mr. Oizo: I'm curious to see what happens when the Fed stops blowing oxygen into the furnace.  I've lost count of which quantitative easing number we're on now.


They're slowly tapering, so, assuming they time it right, nothing.


That's not the problem. The problem is the next time this happens, and some genius decides that since some worked last time, a massive increase is going to be even better
 
2014-05-01 07:37:58 AM  

CruJones: Not a 1%er and even I have some stock, plus this makes my 401k happy, so I'm ok with it.


Came here to say this. Retirement $$$$ happiness.
 
2014-05-01 07:40:15 AM  

Thunderpipes: Do liberals really believe that?

Where do 401ks live? Where do all those underfunded city, state, federal pensions live? Where do mortgages and banking live?

I would be much more concerned with 0.1% growth in the first quarter, and the full implementation of Obamacare vs business, electric boogaloo coming up.


Well, do conservatives still believe in trickle down?
 
2014-05-01 07:41:40 AM  

Thunderpipes: Do liberals really believe that?


No, that's a generalization and a bigoted, ignorant comment.

Where do 401ks live? Where do all those underfunded city, state, federal pensions live? Where do mortgages and banking live?

Money is not a living thing.

I would be much more concerned with 0.1% growth in the first quarter, and the full implementation of Obamacare vs business, electric boogaloo coming up.

Be concerned. Stress out on things you can't control. As for the ACA, it's on, baby!
 
2014-05-01 07:43:29 AM  
Come on, Fark.

It's May Day.

You can let your Commie flag fly!
 
2014-05-01 07:46:17 AM  
Young folks with 401ks realize that it's better for the market to stay low as long as possible, right? I'd much rather invest during a long depressed period of cheap stocks and then retire right as the market goes all 1990s, but that's just me...
 
2014-05-01 07:46:18 AM  
Meanwhile, FOX News was crowing because the economy only grew by 0.1% last quarter, and blaming it all on Obama.
 
2014-05-01 07:48:04 AM  
I wish I could get some 0% interest money to play with. I really feel bad for the folks with bad credit an 28% interest on their CC's.
 
2014-05-01 07:48:14 AM  

Thunderpipes: Where do mortgages and banking live?


no
 
2014-05-01 07:50:35 AM  
The stock exchange is a vast gambling extablishment, and those that run it have a house edge.
 
2014-05-01 07:51:42 AM  
media.giphy.com
 
2014-05-01 07:52:50 AM  
Yea that's what happens when the Fed pumps oil tankers full of new money into the system. The stock values get inflated while average income for the middle class has fallen to all time lows.
 
2014-05-01 07:53:23 AM  

dukeblue219: Young folks with 401ks realize that it's better for the market to stay low as long as possible, right? I'd much rather invest during a long depressed period of cheap stocks and then retire right as the market goes all 1990s, but that's just me...


As someone who started investing in a 401k in 2007, I agree.

As someone who's looking to get out of his Citigroup stock he bought when it tanked, I wish it would go higher

/Out of C at $50
 
2014-05-01 07:54:02 AM  

AirForceVet: Thunderpipes: Do liberals really believe that?

No, that's a generalization and a bigoted, ignorant comment.

Where do 401ks live? Where do all those underfunded city, state, federal pensions live? Where do mortgages and banking live?

Money is not a living thing.

I would be much more concerned with 0.1% growth in the first quarter, and the full implementation of Obamacare vs business, electric boogaloo coming up.

Be concerned. Stress out on things you can't control. As for the ACA, it's on, baby!


morons. all your mortgages and 401k, and all your other shiat all adds up to 0.5% of what the big boys have. for farks sake, they shave off 10% of the total world profit every year, just for shiats and giggles. we really need to figure this out. and i mean today.

read the farking book.
 
2014-05-01 07:56:01 AM  
What does this mean for my shares of Transatlantic Zeppelin,Amalgamated Spats, US Hay, and Baltimore Opera Hat Company?
 
2014-05-01 07:58:47 AM  
My god, I'm agreeing with almost everything posted in a Fark thread, on a socialst holiday no less. Quick, someone say something really stupid so harmony can be restored to the Universe.
 
2014-05-01 07:59:12 AM  

Mr. Right: Then yesterday the report comes out about extremely low Q1 GDP growth.


The gains seem to indicate that the market apparently had already factored in the results of bad 1Q weather and that 2Q will be significantly improved.
 
2014-05-01 08:01:29 AM  
Consolidated fuzz up 10 points.
www.rebresearch.com
 
2014-05-01 08:02:32 AM  
Dumbmitter is a Liz Warren lover who rails against the 1% even though Liz Warren is one of the 1%.   1%
 
2014-05-01 08:03:04 AM  

Deep Contact: Consolidated fuzz up 10 points.


Adams Family Pic Trifecta in play?
 
2014-05-01 08:03:30 AM  

Creoena: dukeblue219: Young folks with 401ks realize that it's better for the market to stay low as long as possible, right? I'd much rather invest during a long depressed period of cheap stocks and then retire right as the market goes all 1990s, but that's just me...

As someone who started investing in a 401k in 2007, I agree.

As someone who's looking to get out of his Citigroup stock he bought when it tanked, I wish it would go higher

/Out of C at $50


Truth.  For awhile in 2011 I saw double-digit growth in my 410K.  Last quarter's report was 2.5%.  Made me kind of sad.
 
2014-05-01 08:03:32 AM  
clancifer:   Well, do conservatives still believe in trickle down?

Both sides believe in 'Trickle Down', the LEFT just wants to run it through a Government Sieve first.
 
2014-05-01 08:05:33 AM  
So, the article about the previous day's closing is greenlit minutes before the market opens? Anyway.

The market will start with a sell off. After that, it all depends on how many people cash out at once. Good luck!
 
2014-05-01 08:05:33 AM  
You can always spot the poor people in these threads.

/go be poor somewhere else
 
2014-05-01 08:07:38 AM  

on the road: Mr. Right: Then yesterday the report comes out about extremely low Q1 GDP growth.

The gains seem to indicate that the market apparently had already factored in the results of bad 1Q weather and that 2Q will be significantly improved.


How many times have we heard this now? 10% unemployment, but heh, next quarter we might have 2% growth!

Quitting my job to pursue my interpretive dance. Obamacare lets me do this, and Pelosi says it is good for the country.
 
2014-05-01 08:07:56 AM  
Probably also good news for the 98% of Americans employed by the 1% whose companies can now afford investment and expansion.
 
2014-05-01 08:08:25 AM  

Thunderpipes: Do liberals really believe that?

Where do 401ks live? Where do all those underfunded city, state, federal pensions live? Where do mortgages and banking live?

I would be much more concerned with 0.1% growth in the first quarter, and the full implementation of Obamacare vs business, electric boogaloo coming up.


Of course you would.  That's precious.  And predictable.  When those don't get traction can I expect your concern to shift back to benghazi?
 
2014-05-01 08:09:57 AM  

great_tigers: You can always spot the poor people in these threads.

/go be poor somewhere else


I'm not poor. But I have a comprehensive understanding of history. And things never work out well for you and me. But they really really REALLY don't work out well for you.
 
2014-05-01 08:10:11 AM  
Hating on the top 5%? well, 40% of you will spend at least 1 year in the top 5% during your lifetime:

A compelling recent analysis by Washington University professor Mark Rank shows that "12 percent of the population will find themselves in the top 1 percent of the income distribution for at least one year. What's more, 39 percent of Americans will spend a year in the top 5 percent of the income distribution, 56 percent will find themselves in the top 10 percent, and a whopping 73 percent will spend a year in the top 20 percent of the income distribution."
 
2014-05-01 08:10:36 AM  

Mr. Oizo: I'm curious to see what happens when the Fed stops blowing oxygen into the furnace.  I've lost count of which quantitative easing number we're on now.


They've run out of toner 27 times. Work it out.
 
2014-05-01 08:12:57 AM  

Thunderpipes: Do liberals really believe that?

Where do 401ks live? Where do all those underfunded city, state, federal pensions live? Where do mortgages and banking live?

I would be much more concerned with 0.1% growth in the first quarter, and the full implementation of Obamacare vs business, electric boogaloo coming up.


Well, it's May Day so I assume they are headed to the Hamptons to summer.
 
2014-05-01 08:14:25 AM  

rev. dave: For those 2% who own the rest of the stocks, they know the DOW really is BS and does not matter.  They pay attention to the actual stocks they own.


Correct, also, those folks never buy stocks at 'retail' prices. They know people, and have connections.
 
2014-05-01 08:15:31 AM  

dukeblue219: Young folks with 401ks realize that it's better for the market to stay low as long as possible, right? I'd much rather invest during a long depressed period of cheap stocks and then retire right as the market goes all 1990s, but that's just me...


Irrelevant to me, really.  Even if that very situation played out, a good investor couldn't take advantage of that situation, because market movements are still next to impossible to predict.

What the stock market as a whole does day to day or even year to year concerns me only slightly, as long as the real return stays around 8% over a 15 - 20 year timeline, which it has, and continues to do.  A smart investor starts transitioning his balance of stock securities to fixed income investments 15 or so years before he expects to need it, depending on his risk tolerance.  In that case, a meteoric rise in stock prices wouldn't be optimal as it drives fixed income return (more dependent on interest rates) down.  But it still shouldn't have a huge effect if you plan right.
 
2014-05-01 08:17:03 AM  
Looks like I picked the wrong week to short the market.
4.bp.blogspot.com
 
2014-05-01 08:17:20 AM  

lethological_lassie: CruJones: Not a 1%er and even I have some stock, plus this makes my 401k happy, so I'm ok with it.

Came here to say this. Retirement $$$$ happiness.


I would like stocks to be way lower, so retirement funds can stock up on stocks. Bloated, inflated, bubble prices does me no good now.

Oh, and the market will crash...guaranteed.
 
2014-05-01 08:17:42 AM  

on the road: Mr. Right: Then yesterday the report comes out about extremely low Q1 GDP growth.

The gains seem to indicate that the market apparently had already factored in the results of bad 1Q weather and that 2Q will be significantly improved.


This is how I read it as well, and hopefully that will be the case.  It was an unusually harsh winter for most of the country with the addition of a bad drought in the west.
 
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