Yeah, the Dow is hitting (flirting with) 13,000 (a rant)

We are in a quagmire of a war (two wars actually), we are on pace to have one of the dealiest months....since the last time we had the dealiest month.
Foreclosures due to predatory ajustable rate mortgages are increasing throughout the nation.
Our pets cannot eat pet food, and now possibly human food (wheat, corn, and hogs) has been contaminated.
Gas prices are on the rise, gas company profits are also on the rise.
Global climate change is on the march.
Bees are dying in record numbers and are unable to pollenate...

The feudal lords are doing well, but us serfs are not faring the same.

Is anyone else seeing a "boom" from the economy and the great times that are being had by the coporatocracy, or are more of us just seeing a bust?

economy. Foreclosures are at their highest level since years back. The confidence level in the economy dropped last month by the consumers. Corporations are doing great yes as they have cut back on employees or outsourced their jobs out. They have great tax breaks from this administration.

Brokerage firms are starting a new bucket of funds that are related to luxury goods and stores as those are doing great in comparison to the more Wal-mart type of stores.

Gasoline costs, medical costs, education costs all are up.

Yes, great economy but not for the average citizen. Lots of money driving the market but it is not due to the average man on the street. Bush has made the corporations and the wealthy much wealthier.

Annual contributions to stock mutual funds used in retirement plans (IRA's, KEOGH's, etc.)

in Congress ... well, he did until Bush went into the white house ... and the debt went through the roof ...

He would give daily reports on the National Debt to the penny ... until Bush came into power ...

Now? < crickets >

He has dementia from obstruction/damage to the cranial blood vessels. His brain is literally rotting inside out and he lives locked away in a "home".
For Jesse watchers, this diagnosis was a long time in coming.

the American dollar is falling and its purchasing power is dwindling. REAL inflation is double digits while the cost of the necessities of life continue upward. The phony 'boom' will shortly become a 'kaboom' once the reality of the largest money grab in the history of the world takes over.

Check out this link and weep: http://www.infoplease.com/ipa/A0001519.html

it was at what....11,722.98 7 years ago, when * took over in Jan, 2001????? sooooo, doing my math now...ahhh, let's see(at 13,000)....that would be a gain of 278.02 in 7 years and 4 months time...WOW...I AM impressed...NOT!!....
Gas was $1.46 in January 2001....now it's $3.43 where I live...(almost a 150% increase)and most people here work for minimum, or just slightly higher than minimum wage....
Grocery prices are hitting all time highs...I can't even afford a good roast any longer...
medical insurance is killing us...at $722.80 per month right off the top of our fixed income, plus deductables, co pays, and prescriptions...
my daughter lost her job, and is now losing her home...so her and the 3 kids will be living with us for a while...
yeah...I know some people who can't take much more good news...and it's going to be damned hard for all of us to keep our heads above water...
windbreeze

stupid mistake in subtraction....should be 1278.02....guess that sounds a little better?....sorry for the error...
wb

It was over 12k in 2000. That means that a Dow Fund would have generated 8.3% over a 6.5 year period. 1.2% annualized return. Big deal!
The Professor

and the poor get poorer

but in the mean time

inbetweeen time ,

aint we got fun

a not very good state for the economy

I thought that inflation hurts the Dow's value.

Seriously, things are not good:

http://www.financialsense.com/fsu/editorials/2007/0416.html

that is benefitting from the rising market. It's not only the rich that are invested in some way.

Cheers

When people are spending tens of thousands on a remodel while 1/3 lives on ten thousand a year.

The real estate investment money is moving to the stock market, that's all.

Not that I know anything about this stuff, but I was watching "The Smartest Guys in the Room" last night and saw how everyone was gushing over the bull market back in the 90s when the Dow reached 8000. Something's not right here.

(Or the soldiers). Workers only get more hours, less pay, less benefits and little if any job security...a worker could lose their pension and health care in a moment...While corporations (the Dow) do wonderful with tax breaks, subsidies, cheap labor longer hours/less pay, privatization, off-shore accounts avoiding taxes, out-sourcing jobs and gouging us with higher prices...Yes, corporations do great in a war time economy and is what the Dow represents. NOT the workers...War for profit! The workers are left only with the war creating debt and deficit that the corporations leave us with...

This is sound republican ideology and thinking this what their imperialistic philosophy and agenda is all about, this is again, republican ideology what being a lying, selfish, greedy republican is all about fuck the people, but do everything for the corporations!

War for profit!

in the public mind. It's a separation that wise people understand, but unless masses of people start getting it, we're in for a very bad scene.