Stocks come back to life as economy revives
Source: AP-EXCITE
By STEVE ROTHWELL
NEW YORK (AP) — The U.S. stock market is back to setting records.
After treading water for most of March and April, stocks are nudging deeper into record territory and are closing in on milestones with big zeros attached to them. The Dow Jones industrial average is within 30 points of 17,000 while the Standard & Poor's 500 is just shy of 2,000 after rising 6 percent this year.
A harsh winter in the U.S. that hobbled growth made investors cautious. There were also worries about the conflict in Ukraine and slowing growth in China, the world's second-biggest economy.
But now the economy appears to be on track again and investors are rediscovering their appetite for stocks.
FULL story at link.
Read more: http://apnews.excite.com/article/20140620/us--dow_17-d6e4ad72b5.html
In this Friday, June 6, 2014 photo, Zack Adams delivers food to customers at Corky & Lenny's Restaurant & Deli in Woodmere Village, Ohio. Recent goods news on manufacturing and hiring has boosted confidence in the economy. Manufacturing is expanding at a healthy pace and the service industry continues to grow, according to surveys released by the Institute for Supply Management earlier this month.(AP Photo/Tony Dejak)
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...large wads of cash, and high frequency trading computers they have programmed to recreate a holographic reality that looks real! Oh, and Congress.
And it also doesn't hurt to try to secretly buy-up bank/corporate bonds before they go ka-blooie in a another Wall Street nose-dive -- and get everything all messy and yucky and stuff.
- But them chickens keep coming home no matter what they do......
"Cluster Of Central Banks" Have Secretly Invested $29 Trillion In The Market
- If they did, we'd be having a revolution in this country right now.
The suckers (i.e., the non-1 percenters who "gamble" in the stock market) hold fast to the fiction that they can "beat" the system and come out the winner.
As in any gambling system, the house always comes out ahead by taking a cut of the gambled money. The 1 percent always comes out ahead. The money (the "capital gains" of the few winners among the 99 percent comes not from the 1 percent, but from the losses incurred by the losers among the other 99 percent.
The results are that some of the 99 percent make some "profit", a larger share of the 99 percent loses their "investment", and the billionaire players who rig the system take a big share of the losses of the 99 percent not won by the 99 percent that gained some "profit".
The 99 percent who refuse to see how the system is rigged are of the same mind-set as the climate change deniers. They refuse to understand the way the capitalist system actually works.
Their faith in the capitalist system is the same as the religious fundamentalists who believe that the Earth is 6,000 years old, and that Adam and Eve rode around on dynosaurs.
Interestingly, and unfortunately, the fiction of the mythology called Capitalism is more ingrained in the population, than the mythology of Creationism.
~Edward Bernays
- Goebbels thought Eddie Bernays' ideas (who worked primarily for Wall Street firms) were to die for......
