Sequester so catastrophic that the DOW hits record high.

[Matt1970]

ADP Jobs Report this morning: http://video.cnbc.com/gallery/?play=1&video=3000152486 (500,000 - 750,000 jobs lost or not created over 10 months because of sequester later this year)

Sequester: http://video.cnbc.com/gallery/?play=1&video=3000152238



Ask the English about harsh austerity, especially when everyone else in the world would like to do the same thing at the same thing (triple dip recession).

We have 50 states right here that some had to go through extensive Austerity measures and we didn't have doom and gloom. Why must you continue to compare us with England? Also our debt vs gdp is over 100%, England's is not.

 

[Phokus]

If you want to stand my that sig and then call others morons than more power to ya.



Meaning the sequester is not bad news as far as the stock market is concerned. A little reading comprehension would serve you well.

1. Again, read lee at water and the GOP southern strategy.

2. HAHAHAHAHAHAAHAHAHAHHA, the effects of the sequester won't be felt for a while, are you that stupid? How could it be part of the economic data that came out?

 

[cubby1223]

Whether you agree or not, journalists and politicians all over use the stock market to create whatever narrative they please.

Here is an article about how the stock market declined from fear over a full month prior to the original sequestration deadline:
http://www.huffingtonpost.com/2012/11/27/wall-street-stumbles-afte_n_2200617.html

I tried to find a direct clip or quote of Harry Reid prophesizing great declines in the stock market back in 2008 multiple times when the Senate would not initially pass some large spending or bailout package (articles from 5 years ago based off very generic search terms are difficult to find):
http://www.nationalreview.com/planet-gore/16536/harry-reid-bailout-vote/greg-pollowitz

 

[Matt1970]

Adding my sig back on, i think i meet the length guidelines now since i cut out all that other stuff. Matt, you're so stupid, i could explain to you till i'm blue in the face how my sig makes sense, but it doesn't matter because you have an iq of a turnip.

Scroll down to lee atwater you dummy and my sig makes total sense:

http://en.wikipedia.org/wiki/Southern_strategy

There's the stupid we know and love. And you could explain to you till your blue in the face how your sig makes sense, but nobody will understand it.

 

[Phokus]

Good god, this is so embarrassing for you Matt, you should throw in the towel.

 

[Matt1970]

1. Again, read lee at water and the GOP southern strategy.

2. HAHAHAHAHAHAAHAHAHAHHA, the effects of the sequester won't be felt for a while, are you that stupid? How could it be part of the economic data that came out?

Because it is part of the current economic data. Or are you the only one who supposedly knows about it?

 

[Matt1970]

I tried to find a direct clip or quote of Harry Reid prophesizing great declines in the stock market back in 2008 multiple times when the Senate would not initially pass some large spending or bailout package (articles from 5 years ago based off very generic search terms are difficult to find):
http://www.nationalreview.com/planet-gore/16536/harry-reid-bailout-vote/greg-pollowitz

But this time they are right.......

 

[zsdersw]

There's the stupid we know and love. And you could explain to you till your blue in the face how your sig makes sense, but nobody will understand it.

Good god, this is so embarrassing for you Matt, you should throw in the towel.

You're both idiots.

 

[Phokus]

Because it is part of the current economic data. Or are you the only one who supposedly knows about it?

What "CURRENT" economic data, you dummy?

http://online.wsj.com/article/SB10001424127887324128504578344013987327702.html

Notice how they talk about jobs from LAST month, not since the sequester?

There's no economic data as it relates to the sequester, 'genius'.

Just stop, i'm seriously embarrassed for you.

 

[Jaskalas]

The DJIA is not a good indicator of how the overall economy is doing.

It's a good indicator of the billions per month the feds are printing... I mean loaning. The policy since last year has been non-stop open ended quantitative easing.

The bubble will inflate... and then hell will follow.

 

[MomentsofSanity]

It's an interesting issue. What exactly does the DJIA mean today and in what ways does it serve as an indicator of the health of the nation's economy? What if it is an indicator of the health of foreign economies? What if it's an indicator of the health of the wealthy at the expense of the lower classes? Perhaps if some businesses were loss profitable but paid higher wages to more people the economy would be better but the DJIA would be lower?

The market is more of a future indicator. Think 8 months, a year into the future of where investors believe the economy will be.

Things like the sequester impact, credit downgrade etc... are priced into the market well in advance.

It would appear the sentiment is that investors believe the economy is showing strong, positive indicators for where it will in a years time.

 

[Matt1970]

What "CURRENT" economic data, you dummy?

http://online.wsj.com/article/SB10001424127887324128504578344013987327702.html

Notice how they talk about jobs from LAST month, not since the sequester?

There's no economic data as it relates to the sequester, 'genius'.

Just stop, i'm seriously embarrassed for you.

The economic data Obama is using, the economic data that the sequester is going to “bring an economic catastrophe”. What part do you now understand? You can me embarrassed all you want for me, that doesn’t change the fact that the info regarding the sequester is out there and it doesn’t seem to be effecting the stock market.

Maybe you would understand if I used a different font?

 

[umbrella39]

Are you stupid Matt (this is rhetorical)?

Paid shill? No one is this dense. I'd hate to think people don't get paid to post this stupid so often.

 

[Matt1970]

Paid shill? No one is this dense. I'd hate to think people don't get paid to post this stupid so often.

LOL, data is a bitch isn't it.

 

[Matt1970]

The market is more of a future indicator. Think 8 months, a year into the future of where investors believe the economy will be.

Things like the sequester impact, credit downgrade etc... are priced into the market well in advance.

It would appear the sentiment is that investors believe the economy is showing strong, positive indicators for where it will in a years time.

Exactly.

 

[Cerpin Taxt]

The economic data Obama is using, the economic data that the sequester is going to “bring an economic catastrophe”.

I'm not agreeing or disagreeing with your OP claims, but the above is not data. Your arguments would have more credibility if you learned what data actually is.

 

[Matt1970]

I'm not agreeing or disagreeing with your OP claims, but the above is not data. Your arguments would have more credibility if you learned what data actually is.

Obama isn't using data? When he goes out and claims X amount of jobs are going to be lost, that isn't data?

 

[CPA]

Good questions. All this shows us is large Corps/Businesses and wealthy investors doing well. It is yet to be determined the impact to the middle class and lower class (economic) wise.

How about the fact that 401K's and Pensions are impacted by the growth of the Dow and Nasdaq. Where do you think they invest monies in these plans? Under their mattresses?

 

[Pens1566]

Moronic thread is moronic.

 

[Matt1970]

How about the fact that 401K's and Pensions are impacted by the growth of the Dow and Nasdaq. Where do you think they invest monies in these plans? Under their mattresses?

Come on, everyone knows that only the uber rich are invested in the stock market when it rises. It's when it falls that magicly it's 401K's and Pensions.

 

[Matt1970]

Moronic thread is moronic.

Thanks, I was waiting for the moron expert to chime in.

 

[Charles Kozierok]

Moronic thread is moronic.

I love how this thread is going on at the same time as another one whre Obama is being painted as the devil over the sequester.

All heat, no light. Typical P&N.

 

[Pens1566]

Thanks, I was waiting for the moron expert to chime in.

That's what I'd expect when you don't have any other argument to make. Kudos.

 

[Cerpin Taxt]

Obama isn't using data? When he goes out and claims X amount of jobs are going to be lost, that isn't data?

Data are records of things that have already happened, genius. Things that may happen on the future are not data, but nice work doubling down on the stupid.

 

[Pens1566]

Data are records of things that have already happened, genius. Things that may happen on the future are not data, but nice work doubling down on the stupid.

I think it's actually a triple at this point, but who's counting?