Post election DOW

Discussion in 'Economy' started by Mick01, Oct 29, 2012.

  1. Mick01
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    Mick01 Rookie

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    With the PPT keeping the DOW afloat for political purposes, the question I pose is this:

    Post election, do we see the govt care about maintaining the appearance of a growing economy?

    If so, will he they to inflate the DOW with trillions more fiat cash?

    If not, will they assume the role of fiscal conservative in order to bring austerity to the US?


    Notice I don't really care who wins the election, either scenario could happen with either Obama or Romney.
     
  2. expat_panama
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    expat_panama Silver Member

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    "More"? You mean like the first trillion in '08 that was followed by the Dow losing half its value?
     
  3. Mick01
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    Mick01 Rookie

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    Sorry for the type-O, should've checked.

    The DOW is riding pretty high right now by anyone's standards, but the DOW does not reflect the economy as a whole.

    So, continue inflating the DOW for show or go into austerity with Europe?
     
  4. expat_panama
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    expat_panama Silver Member

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    No, only by the standards of someone who doesn't own any Dow stocks and has no intention of buying any.

    Money, work, and corporate ownership is serious hard work that requires being willing to look hard and accept things as they are. Back in Oct. '07 the Dow was at 14198. Historical growth of these stocks over the past two centuries has average 7%/yr, so the Dow right now should be over 19900.




    It's at 13107. That's crappy.
     
    Last edited: Oct 30, 2012
  5. uscitizen
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    uscitizen Senior Member

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    A myth that has endured. If the Wall Street does well so does America.
     
  6. uscitizen
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    uscitizen Senior Member

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    One thing the NYSE has not dropped a dime yet because of the storm.
     

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