Another Day - Another Record on Wall Street

Discussion in 'Economy' started by red states rule, May 7, 2007.

  1. red states rule
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    red states rule Senior Member

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    The Dow and US economy keeps rolling along. I remember during the 04 election, Dems and Bush haters were saying how rotten the economy was



    Dow: Longest bull run in 80 years
    Blue-chip gauge matches 1927 record for longest up streak; Alcoa bid for Alcan, falling oil help.
    By Rob Kelley, Alexandra Twin and Grace Wong, CNNMoney.com staff writers
    May 7 2007: 4:15 PM EDT


    NEW YORK (CNNMoney.com) -- The Dow industrials ended at another all-time high Monday, closing with gains for the 24th out of 27 sessions - a streak that matched an 80-year-old record on Wall Street.

    The Dow Jones industrial average (up 47.54 to 13,312.16, Charts) gained nearly 0.4 percent after briefly hitting an intraday record of 13,317.69. It was the fifth straight record close for the average.

    The 30-share Dow has now risen in 24 of the last 27 sessions, matching its longest bull run in history, last achieved in the summer of 1927, according to Dow Jones. Should the Dow end higher on Tuesday, it would set a new record.

    http://money.cnn.com/2007/05/07/markets/markets_0405/index.htm?postversion=2007050716
     
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  2. Vintij
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    Vintij Senior Member

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    Did they tell you that the Value of the US dollar is at an alltime low? Did they tell you that the Euro is at an alltime high?

    Does the Dow jones tell you that the stock market has nothing to do with federal defecit which is at an all time high thanks to Bush's war spending and lack of domestic health care policy, lack of Big oil company profit limiting at the expense of the US citizens pocket book?

    If the dow jones is so high due to the republican party, (actually its mostly thankful to foreign trading and US goods value) Then why cant president bush put a cap on Oil profits? Why cant he control the outragous oil prices, why cant he use the momentum from the surging market to create an even larger economy by funding clean and CHEAP energy alternatives that every american can get there hands on?

    A surging market is profitable to companys, not individual american classes. It does not help me, does not help my pocket book, does not help my health care, does not help my job status.
    It just means, america is spending, and the government is very happy to tax that. Big deal.
     
  3. red states rule
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    red states rule Senior Member

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    The Federal deficit is shrinking as tax revenues to the Federal Treasury are at record highs

    Remember how libs whined tax cuts would starve the government of "vital" funding?
     
  4. Mace
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    Mace Member

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    This Euro being at an all time high and the US dollar low sucks. Goin to Germany in about a week and $400 only got like 250 in Euros.

    Besides that, the economy seems okay to me. Not my subject but unemployment isn't that high and things are rolling right along.
     
  5. red states rule
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    red states rule Senior Member

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    Thanks to tax CUTS
     
  6. Vintij
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    Vintij Senior Member

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    Dont get me wrong I love tax cuts. But when we are in debt like we are, (thanks to the war passing the trillion dollar mark) those tax cuts dont look so good for the ones who eventually have to lower that Federal Deficit.
     
  7. Mace
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    Mace Member

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    Not just because of tax cuts tho they helped. Bush seems like a reagonomics fan and though his idea helped the economy it also led to the biggest government debt in US history at that time and ended in a hard slow down later on when things didn't turn out like planned.
     
  8. red states rule
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    red states rule Senior Member

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    The annual US deficit is down over 50% and is getting smaller
     
  9. bush lover
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    We need to move more manufacturing to China and elsewhere so that we can keep buying products cheaply. That will help keep inflation and the dollar low. By extension, interest rates will remain low and we can finance more purchases very cheaply. We need to export our car, food, aircraft and other industries to China so all of these products will be cheap forever. We can pay for these products in dollars, which we can simply print. There will never be inflation because China is a low-cost producer. We just pay China 4% a year in interest, forever. We can finance endless tax cuts, rebates, whatever. It's a great deal. If China becomes too expensive, then we move our factories to India. We Americans can then really enjoy the fruits of our labor and prosperity. The easy life, forever. And our President Bush has shown us the way. I just wish he could run again!
     
  10. Mace
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    What happens when china gets a middle class with their huge pop and can buy their own products. What happens to jobs, they can't all be in the service sector and we are being outpaced by the asian countries in tech people it almost seems. What happen when it doesn't work out.
     

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