a spreadsheet is not something you put on your mattress.

GOOD LUCK!

into their coffers. That was a loan, not a gift.

Where's our money?

Par-tay!

Oh My!!

first paying attention to the market's existence via the mystical incantations of exchange rates on the radio, I asked about the meaning of the numbers. I remember one of my uncles getting nervous one day as the market inched higher because, as he told me, that the market should never top 1000. Somehow that was conventional wisdom. Something would break in the univere if it did. I still think something will break in the universe but the number is much higher than 1000.

Maybe

But will the President get any credit for these numbers? I'm waiting to see.

Last edited Thu Jul 3, 2014, 01:50 PM - Edit history (1)

corporate media and politicians that cheer the DOW as if it were a simple indicator of the overall health of the economy, and the many simple-minded Murcans who apparently believe it.

once it crashes.

never can understand why anyone who thinks they are conservative votes Republican! Dumb asses!

"Although wages have been flat or declining since the West started following Thatchernomics and Reaganomics in the late '70s and early 1980s, the stock market has risen to all-time highs. Billions—hundreds of billions—have been made by individuals on Wall Street.

Meanwhile, over 60,000 factories have closed in United States just in the past 14 years, and over 50 million Americans are either unemployed or underemployed."

...

"Meanwhile, large corporations, wealthy people, and banks are all making money simply by playing with money. This "financialization" of our economy is driving us to the edge of a massive crash."

http://www.alternet.org/economy/why-we-might-be-verge-another-financial-crash

this should be a main post

Meanwhile, over 60,000 factories have closed in United States just in the past 14 years, and over 50 million Americans are either unemployed or underemployed."

...

"Meanwhile, large corporations, wealthy people, and banks are all making money simply by playing with money. This "financialization" of our economy is driving us to the edge of a massive crash."

Yes of course I'm glad the market is doing very well and the economy is creating jobs and putting people back to work. Praying the trend continues to be good long term.

But fundamental valuations are looking bad for most stocks. They are priced higher than they should be if you base it on earnings. Investors here would do well to diversify more into non-equities, or put some in cash just in case. I'm not saying sell it all like the doom and gloomers. Just saying that if you have it all in stocks, that's a very insecure position right now. I'm enjoying the fact that a lot of libertarians and teaparty lost their shirts in gold. I'm looking through my portfolio to see what I can sell, but most of it is tied up in my retirement account, so I might shift some into money market or bonds.




Oh and of course Obama destroyed the economy before he even took office because he's such a socialist who hates America. And the improvements now are clearly because of free market efficiency and has nothing to do with stimulus, low interest rates, boomer retirements, or health reform of course.