Interesting note re:the Dow Jones average

[ReiAyanami]

ya, just like the dollar was going to collapse 6 months ago, and 6 months before that, and omg as soon Bush gets re-elected your all getting drafted.

don't worry, most of us will use Bush-style tactics to dodge the draft


i didn't mention the dollar's decline, but since you brought it up, in last 4 yrs

dollar down 60% against euro
dollar down 30% against yen
dollar down 35% against pound

however, you must believe as long as there is cotton growing in the fields, we can print infinite dollars to help fund our fiscal responsibility

 

[BBond]

Originally posted by: tnitsuj


Why is it our job to take care of the idiots who work at Wal Mart and McDonalds?

Why don't you ask them next time you shop at WalMart or eat at McDonalds. Let me know when you plan to. I'd like to be there to witness their reaction.

 

[conjur]

Springsteen just chimed in:

"Going down...down...down."

10,471.47

 

[Miramonti]

Originally posted by: conjur
Still about 11% below the all-time high from Jan. 2000.

Thats true, but in all fairness it was atleast 15% overvalued at that time.

The market has been strong only due to low yields in the fixed income areas, which have been due to a poor economy. If the rates are continued to be raised, it could significantly adversely affect stock prices with the current state of the economy and deficit.

 

[dgevert]

Originally posted by: irwincur

But but but the Economy is booming better than it's been in 20 years

You must be stupid, too stupid to realize that the market is a poor indicator of real world economic performance.


The reality, the economy is doing well and almost every major indicator is through the roof. Including today when the new jobs data was announced. Lowest level of new jobless claims since the late 90s. Sub perfect employment numbers (approx. 5.4% is perfect employment for the idiots out there) meaning everyone that wants a job is working, new business owners do not count. There is also the phenomenon of wage pressure as good employees shrink from the pools. Wages go up once employment his its perfect level.

So the bleak WalMart wage liberals are wrong yet again.

That doesn't take into account several factors:

1) as people's unemployment benefits run out, they stop being counted,
2) people have - undeniably - been forced to find low-wage jobs simply because they are in many cases the only jobs to be had
and
3) some people have just given up

If you think the job market is doing well, then you need to pull the wool up from over your eyes.

 

[alent1234]

Originally posted by: conjur
Dow Jones Industrial Average
Bush's inauguration: 10,587.60
Bush's 2nd inauguration: 10,586.03 (well...as of right now)

market was flat to down for the 1970's too. The 401k law was passed around 1974, and the next few years were a good chance to buy stocks cheap until they started to boom under reagan.

market averages are only valid in 20-30 year terms. 4 years is nothing. the dow tripled from 1993-2000. Do you think that the companies that it represents tripled?

my advice is max out your 401k into stocks so you have a lot of money until when the next boom comes

 

[conjur]

Economic indicators are up for the 2nd month in a row but the Dow still drops:

Dow Closes Down 69 While Nasdaq Falls 28
http://www.forbes.com/technolo...5/01/20/ap1772410.html

 

[ReiAyanami]

great, dow starts the year off down 3% and nasdaq down 7%. and earnings are pretty good with the exception of ebay.

i guess we can forget about the january effect