DOW closes above 13,000 first time since 2008
- Thread starter hedman
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- Mar 13, 2002
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- Feb 26, 2001
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- Feb 26, 2001
- 13,593
- 164
- 63
Do you really think Obama has anything at all to do with that? I am glad you are doing well but cmon man thats just stupid.
:mj07:
- Feb 26, 2001
- 13,593
- 164
- 63
THE GOP and the Taliban have much in common. One clings to their Brownings and Bibles, the other clings to their Kalashnikovs and Korans.
Since the SnP bottom in Mar 09 at 666, Central Banks across the globe have pumped over $11 trillion into the 'economy' - mainly recapitalizing and liquifying banks and moving all the crappy collateral off private balance sheets and onto public ones.
Banks sitting on piles of cash and looking for a yield have plowed this free money (0 to 0.25% interest rate) into the markets. Since the fall of Lehman and Bear and bailouts of the automakers, AIG, etc - there has been a government backstop on losses. So, why not throw money into the market? It is a riskless bet.
That is why the Dow is above 13k.
It has nothing to do with Obama or Romney and has everything to do with the Central Banks.
Yesterday, it dipped back under 13k after Bernanke's HH speech where he basically said QE3 was not on the immediate horizon....what does that mean??? - he's not ready yet to open the spigot of free money any further....at least for now......when he says that he is ready, well, you will see a spike in the markets.
Banks sitting on piles of cash and looking for a yield have plowed this free money (0 to 0.25% interest rate) into the markets. Since the fall of Lehman and Bear and bailouts of the automakers, AIG, etc - there has been a government backstop on losses. So, why not throw money into the market? It is a riskless bet.
That is why the Dow is above 13k.
It has nothing to do with Obama or Romney and has everything to do with the Central Banks.
Yesterday, it dipped back under 13k after Bernanke's HH speech where he basically said QE3 was not on the immediate horizon....what does that mean??? - he's not ready yet to open the spigot of free money any further....at least for now......when he says that he is ready, well, you will see a spike in the markets.
oh, inflation is there. Just don't ask the gubmint.
They say it is a 2%.
Ron Paul says it is at 9%.
Inflation is very alive. Even in grocery stores, perhaps the listed price is not up but the volume is smaller.
Inflation is all around you......
<boo>
They say it is a 2%.
Ron Paul says it is at 9%.
Inflation is very alive. Even in grocery stores, perhaps the listed price is not up but the volume is smaller.
Inflation is all around you......
<boo>
agreed. It seems like it will hit a critical mass at some point too. Right now the things going up in price are doing so because of legitimate cost increases in production. Energy is always more expensive, health care is always going to go up etc.
But at some point I wonder if the cheap money entering the system will devalue the dollar to the point where our money doesn't go as far Internationally. Since so much of what we buy comes from overseas, if we devalue our currency by printing too many meaningless dollars... well shit is gonna hit the fan eventually.
Good article on inflation and how the US (FED) is exporting it globally by printing and the consequences.
http://www.zerohedge.com/news/erik-townsend-expect-us-price-shock-black-swans-come-home-roost
http://www.zerohedge.com/news/erik-townsend-expect-us-price-shock-black-swans-come-home-roost
The job market is rebounding, the housing market is rebounding, and the stock market is booming....all in spite of the worst president in the history of the USA! Thank you Republicans!!!!
Stupid fucks. Keep on complaining. The guy is HATED by a huge chunk of the country and took the reigns after a guy did everything in his power to destroy the country as we know it, yet things keep getting better......and some people can't accept it. I'm not a Democrat, but you have to be a complete retard to think he's the problem.
Stupid fucks. Keep on complaining. The guy is HATED by a huge chunk of the country and took the reigns after a guy did everything in his power to destroy the country as we know it, yet things keep getting better......and some people can't accept it. I'm not a Democrat, but you have to be a complete retard to think he's the problem.
