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(29 posts)

Market tops 12,000 points!

Started 7 months ago by Jiggers
Latest reply from redblack

Jiggers
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I don't see a bad economy.

Posted 7 months ago #
Kevin
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WOW! Finally! A positive spin from Jiggers. Is this a sign perhaps? That the economy is FINALLY turning around for the better?
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Paid for - by the Jiggers for President, JFP 2012 Presidential Campaign fund. :) or.... perhaps we should remove the smiley face and see if Jiggers really can deliver?
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Certainly, could be no worse than the individual currently in office! And just think how much money we could save by having Air Force One based at Boeing Field :)
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Posted 7 months ago #
365Stairs
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"Turn the machines back on!!!"

Posted 7 months ago #
dawsonct
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Things HAVEN'T been bad at all, for a certain tiny percentage of us Americans.
But it IS interesting how this President, who, if Republican politicians are to be believed, and I KNOW some of you swallow everything you've been fed (~cough~),is so horrible for business, yet, business seems to be going just fine! The oil corporations keep clearing bigger profits than anyone in the history of capitalism, and other big corporate entities and banks are sitting on trillions of unused and uncirculating dollars.

So yeah, for the folks at the VERY top, things are going along just fine, now we need to force the American-citizen-hating-Republicans off the pot to vote for a jobs bill to distribute some of that wealth to Americas people and get our nation back to work and rebuilding our deteriorating infrastructure.

Posted 7 months ago #
Kevin
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@dawsonct
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Some EXCELLENT points made in your post. You have my vote for sure!
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Would YOU be willing to run on the 2012 JFP ticket?
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Posted 7 months ago #
skeeter
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Profits at well run companies like Coca Cola, Kraft, Verizon, and (yes) Chevron have been solid. They are all growing and paying dividends in the 3% plus range. So I'm not surprised to see the DOW at 12,000.

A lot more than just the top 1% benefit from strong stock market performance. Just about anyone who has a 401(k) account or 403(b) account will benefit as well if he or she has a portion of the balance in equities, which most Americans do.

Posted 7 months ago #
Jiggers
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I love corporate America.. Capitalism, Free Market Enterprising is great. It teaches you how to develope character

Posted 7 months ago #
metrognome
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so, how is Hormel doing in this economy? Outside Hawaii, of course.

Posted 7 months ago #
dawsonct
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Yep, it's the results of effective PR when they get you to identify with them.
Fact is, the VASTLY overwhelming majority of stock is in the hands of a very tiny, exclusive group. They like it when you believe their problems are your problems, and their successes are yours as well.
Realistically, they aren't.
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Sure, I inserted another point in there, but my main point is "gee whiz, things are sure going well in the business world." I'm positive that President Obama won't get any credit from the objectivist, corporatist, free-marketeers on the farright who keep bleating incessantly about how President Obama is a Kenyan, anti-colonialist, Muslim, socialist, communist, Nazi who is the enemy of business and has ruined the business atmosphere in our Nation and now all these grand capitalist schemes were going to suddenly swirl around the drain and disappear and then where will we get our teevees and jetskis and pajama jeans?
Since that doesn't seem to be the case, in fact, since he seems to be pandering to the multi-national corporate community with this new round of trade (our jobs for sh*t) agreements, he seems once again, like Bill Clinton, to be an old-style neo-liberal (business first, last, and only, the rest takes care of itself) Republican. Are people rally so stupid to NOT see that, or are they just being racist? It is one or the other or both, I can't imagine any other reason.

Posted 7 months ago #
Jiggers
Member Profile

There is a real underlying theme that a lot of it is racism They just don't have enough ballz to come out and say it is

Hormel always does great in an economic downturn Got to love spam,rice and topped off with over easy eggs

Posted 7 months ago #
dawsonct
Member Profile

You can never have enough Spam!

http://www.youtube.com/watch?v=anwy2MPT5RE

Posted 7 months ago #
kootchman
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Inflation of commodity prices.. it raises oil profits..a devalued sovereign currency does that. Banana republics and African despots have done if for years. GDP went up 2.1 per cent.. and the savings went down... meaning, people borrowed to spend, spending did not come from new wealth creation. Maybe that is a show of returning confidence. I am so not convinced the equities markets are an indictor of anything except trying to jockey portfolios around to retain as-traded market values. Sure doesn't seem to be a growth direction in any of the composites. Dividends are sure getting more and more important to come up with acceptable yields. I hope so. It would sure become a more stable investing investing environment in the long term rather than this volatile trade for the big board price strategy.

Posted 7 months ago #
Smitty
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Is this still Bush's fault - how does that work?

Posted 7 months ago #
Jiggers
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Bush increased the country's credit line seven times alone while in office to fund his illegal wars overseas And Obama gets flack for fending off a serious depression just a few short months ago in raising the nations credit debt ceiling..lordy

Posted 7 months ago #
kootchman
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Everything is Bush's fault. I thought you knew that Smitty.

Posted 7 months ago #
kootchman
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Hey Dawson... a "tiny share" of Americans? 6 trillion of the market value is in 401K mutual funds... that is not a tiny share. We are all in the boat.

Posted 7 months ago #
dbsea
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Not everything, but enough.

Posted 7 months ago #
cadbury
Member Profile

And Obama will get credit for nothing positive he does. Unless, god forbid, the economy turns around before the election! Just the thought must keep Boehner and McConnell (and, I imagine, certain posters here at WSB) up at night...

Posted 7 months ago #
Smitty
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Just making sure that as of October 27, 2011 things are no longer Bush's fault.

Sweet.

Posted 7 months ago #
DBP
Member Profile

Achtung, Baby!

Does the fact that SPAM shares are skyrocketing on the stock exchange mean that new American jobs are being created?

—No, not at all. In fact, it could even mean that American jobs are being lost, if Hormel just cut some kind of a deal with, say, Chinese pork producers.

Does SPAM shares skyrocketing mean that new wealth/value has magically been created where there was none before?

–No. Of course not. It just means that, on paper, a few thousand individuals may appear to be richer than before.

Tomorrow, SPAM could go right back down again, meaning those same individuals would appear to be poorer. On paper.

I've said it before and I'll say it again:

DON'T WET YOUR PANTS OVER WHAT THE MARKET'S DOING. —IT HAS ALMOST NOTHING TO DO WITH THE REAL STRENGTH OR WEAKNESS OF THE ECONOMY.

The Market can balloon one day and burst the next; the only people who are always GUARANTEED to make a profit off it are the stock traders and the investment bankers. And these people are not our friends.

They're not even good capitalists, in fact.

They're just parasites.

Posted 7 months ago #
JanS
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Kman..you have a 401K? Lucky you....I don't...

Posted 7 months ago #
metrognome
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dawsonct -- that clip reminds me of the famous diner scene from Five Easy Pieces:

http://www.youtube.com/watch?v=6wtfNE4z6a8

DBP -- Once the natives of Hawaii and the other Pacific Islands were forced to stop snacking on roasted missionaries (aka 'long pig'), Spam had a ready-made market. If we ever lose control of those islands, the bottom will fall out of the Spam can. Pineapple futures will follow and then the Hawaiian pizza market will start to spin out of control. Conflicts over Spam will make the oil wars look like kids' play. Speculate at your own risk.

Posted 7 months ago #
Jiggers
Member Profile

A friend of mines gave me a case of spam 20 years ago for a Christmas present loved it It didn't last long.

Posted 7 months ago #
metrognome
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JanS -- what do you think the K in 401K stands for?

Posted 7 months ago #
kootchman
Member Profile

Yep..pithy thing that it is. Just keeps sitting there not doing much except creating management fees.

Posted 7 months ago #
Smitty
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Back down to 11,600 range.

Bush's fault again? Or is October 27th still the date?

Posted 6 months ago #
kootchman
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No.. wait.. Smitty The Messiah of Spendit just announced he has to sell another 580 Billion in Treasuries in the first quarter to cover the costs of his spending ways... let's see what the yield will be. That should drive us down to the 11,000 (-) range... borrow, borrow, borrow...like there is no tomorrow. Rumblings abound he is taking us to the brink of another credit downgrade.

Posted 6 months ago #
HMC Rich
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Jiggers, you crack me up. Nice posts. You made me smile.

Metrognome.... "American-citizen-hating-Republicans" Is that the best you can do? Don't hold back. I mean 40 percent of Americans are Republican or close to it. I guess they all hate themselves. Such self loathing. I guess we need the enlightened people to save us from ourselves. What a bunch of cocky-doody. I have wanted to say cocky-doody on the blog for a few seconds anyway.

God forbid that the other side mobilizes and decides to try to do something about what they see as not benefiting them. Kind of like the OWS people getting motivated. Tell me, why is it right leaning folks are bad when they band together but left leaning folks are good when they band together?

Landslide 2012

Posted 6 months ago #
redblack
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Tell me, why is it right leaning folks are bad when they band together but left leaning folks are good when they band together?

because right-leaning folks are trying to tear down the institutions that aim to help the least among us, simply because we ask the more fortunate among us to subsidize it.

speaking of who's right and who's wrong...

you know, rich, i'm an atheist. life-long. talk to me about religion and you might as well be talking to a brick.

but it occurs to me that the guy that you refer to as the real messiah would probably be at westlake/SCCC washing people's feet and consorting with prostitutes right about now.

i don't think he would be at the tax-evading money-changers' rally, which was sponsored by dick armey and americans for austerity.

just sayin'.

Posted 6 months ago #