DOW just broke 10,000 :)

Discussion in 'Stock Market' started by PLYMCO_PILGRIM, Oct 14, 2009.

  1. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    Just figured I'd share some good news.

    The DOW industrial index is over 10k right now :)

    Maybe there is hope for change after all ;)

    Dow Jones Indexes | Welcome
     
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  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    *Cue gold being brought up*

    3..2..1.
     
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  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Imagine if John McCain had won the election with unemployment at almost 10 percent while the Stock Market gains:

    "He only cares about business and Wall Street! He hates the common working man!" The Dems would demand his impeachment.

    When job creation starts happening I'll believe the economy has turned around.
     
  4. Shep Dawg
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    Shep Dawg Rookie

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    Yes, because unemployment is a lagging indicator. The economy is turning around already. Don't sweat it, the jobs will follow.
     
  5. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    MadScientist, listen to Shep Dawg. He is right. The market is turning around. And if oil converts to euros instead of dollars, get ready for an employment boom and very expensive gas.
     
  6. Elutherian
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    Elutherian BadMother****er

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    Mark my word, this ain't gonna last long. You can't print trillions of dollars and expect no consequences.

    The new meaning of recovery: The Rich get bailed out, the Poor get fucked up the ass.
     
  7. Cold Fusion38
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    Cold Fusion38 SUPER GENIUS

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    Hey 10,000 sure is better than 6,000. If the trend during the Bush admin had continued we would be at about 2,000!!! What if it breaks 11,000? What if it breaks 12,000? What if it breaks 14,000 by the end of next year? I guess that will be a BUSH sucess!
     
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  8. Cold Fusion38
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    Cold Fusion38 SUPER GENIUS

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    Well let's hear it!!!
     
  9. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    Well i think it will last a while. There is a bunch of stimulus money scheduled to go out starting in january and progressively increasing right up through the 2010 elections, just in time to get all the incumbents re-elected.


    however once the defecit from all this stimulus spending catches up with us (mid 2012) we will see it get worse than what happened under bush.

    I'll enjoy it for now, short market strategy.
     
  10. Paulie
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    Paulie Platinum Member

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    The Fed hasn't printed "trillions". Just to clarify.
     

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