WOW 14000 DOW

Started by Vern, February 01, 2013, 05:20:37 PM

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Vern

Wow, who would have thought 4 short years after President Obama started, the DOW would be up almost 6000 points. well I think safe to say "nobody at this board".

Was it only 4 years ago, the screams and chants from the right were

"THE MARKET IS GOING TO ZERO"
"WE WILL HAVE HYPER INFLATION"
"THE DOLLAR WILL COLLAPSE"
"SOCIALISM SOCIALISM SOCIALISM"

here's one of the supposed leading 'financial' newspapers. 

"
Obama's Radicalism Is Killing the Dow
"

http://online.wsj.com/article/SB123629969453946717.html

When they wrote that the DOW was about 6500.  Thats down from inauguration day of about 8200.  How could a supposed 'financial' paper miss the first 6000 point drop of that massive market crash? 

TowardLiberty

Quote from: Vern on February 01, 2013, 05:20:37 PM
Wow, who would have thought 4 short years after President Obama started, the DOW would be up almost 6000 points. well I think safe to say "nobody at this board".

Was it only 4 years ago, the screams and chants from the right were

"THE MARKET IS GOING TO ZERO"
"WE WILL HAVE HYPER INFLATION"
"THE DOLLAR WILL COLLAPSE"
"SOCIALISM SOCIALISM SOCIALISM"

here's one of the supposed leading 'financial' newspapers. 

"
Obama's Radicalism Is Killing the Dow
"

http://online.wsj.com/article/SB123629969453946717.html

When they wrote that the DOW was about 6500.  Thats down from inauguration day of about 8200.  How could a supposed 'financial' paper miss the first 6000 point drop of that massive market crash?

Well, you weren't talking to me.

After TARP, TALC, QE 1,2,3 and Qe-ternity, not to mention the monetization going on world wide right now, I say, "Dow to the Moon and Back!

How high this puppy goes- nobody knows!

If you understand how stock prices link in with corporate profits, and if you get the link between monetary debasement and corporate profitability ( as profits in foriegn currency magically "grow" when stated in weaker dollar terms) then one needs no great time to ponder the direction the market is heading in.

It is going up, and it has nowhere else to go, as central banks flood the banks with credit.

The credit is going into treasuries and then being traded in repurchase agreements, for fungible money, which is then finding its way into the market, driving up valuations.

The entire banking system is a hedge fund, good lord knows they are not loaning money.

And between the banks, the institutional traders, and Skynet (high frequency trading) the machines have literally taken over. So the retail investor is literally a dupe who wandered in to the wrong game of 3 card monty.

The stock market is completely disconnected from the real economy.

Just my two cents.

kramarat

Quote from: TowardLiberty on February 01, 2013, 06:27:07 PM
Well, you weren't talking to me.

After TARP, TALC, QE 1,2,3 and Qe-ternity, not to mention the monetization going on world wide right now, I say, "Dow to the Moon and Back!

How high this puppy goes- nobody knows!

If you understand how stock prices link in with corporate profits, and if you get the link between monetary debasement and corporate profitability ( as profits in foriegn currency magically "grow" when stated in weaker dollar terms) then one needs no great time to ponder the direction the market is heading in.

It is going up, and it has nowhere else to go, as central banks flood the banks with credit.

The credit is going into treasuries and then being traded in repurchase agreements, for fungible money, which is then finding its way into the market, driving up valuations.

The entire banking system is a hedge fund, good lord knows they are not loaning money.

And between the banks, the institutional traders, and Skynet (high frequency trading) the machines have literally taken over. So the retail investor is literally a dupe who wandered in to the wrong game of 3 card monty.

The stock market is completely disconnected from the real economy.

Just my two cents.

The stock market is completely disconnected from reality; period.

It shouldn't even exist.

For an administration to run a campaign on busting up Wall St corruption, and then point to Wall St as a sure sign of economic recovery, is schizophrenic BS mumbo jumbo.

Vern

toward, I have no doubt you understood what was going on. I understood it too.  But what about ther rest of the right?  I remember the ranting and raving from the right that the "world is ending".   Do you think the rest of the right thought  we'd be at 14000?

and what about their sources of information screaming to them the world was ending.  whats your secret to knowing the "conservative entertainment complex" was lying?

TowardLiberty

Quote from: kramarat on February 01, 2013, 07:04:15 PM
The stock market is completely disconnected from reality; period.

It shouldn't even exist.

For an administration to run a campaign on busting up Wall St corruption, and then point to Wall St as a sure sign of economic recovery, is schizophrenic BS mumbo jumbo.

Definitely.

But I don't say it shouldn't exist..

kramarat

Wall St and Washington work in concert to manipulate the valuation of virtually everything in our lives.

None of it is real. Sucks to be in the 99%. We just get to finance the lies.

kramarat

Quote from: TowardLiberty on February 01, 2013, 07:09:57 PM
Definitely.

But I don't say it shouldn't exist..

It has moved far beyond being a means for companies to borrow the needed capital for growth.

Huge amounts of money are shifted around to create artificial perceptions of reality.

Solar

Quote from: TowardLiberty on February 01, 2013, 06:27:07 PM
Well, you weren't talking to me.

After TARP, TALC, QE 1,2,3 and Qe-ternity, not to mention the monetization going on world wide right now, I say, "Dow to the Moon and Back!

How high this puppy goes- nobody knows!

If you understand how stock prices link in with corporate profits, and if you get the link between monetary debasement and corporate profitability ( as profits in foriegn currency magically "grow" when stated in weaker dollar terms) then one needs no great time to ponder the direction the market is heading in.

It is going up, and it has nowhere else to go, as central banks flood the banks with credit.

The credit is going into treasuries and then being traded in repurchase agreements, for fungible money, which is then finding its way into the market, driving up valuations.

The entire banking system is a hedge fund, good lord knows they are not loaning money.

And between the banks, the institutional traders, and Skynet (high frequency trading) the machines have literally taken over. So the retail investor is literally a dupe who wandered in to the wrong game of 3 card monty.

The stock market is completely disconnected from the real economy.

Just my two cents.
Exactly! It's a disconnection from reality, the stock Mkt is no longer an indicator of the health/wealth of the country, merely an image of the manipulation by the Fed.
And I love the Q-Etrnity line.  :laugh:
Official Trump Cult Member

#WWG1WGA

Q PATRIOT!!!

kramarat

Quote from: Solar on February 01, 2013, 07:18:55 PM
Exactly! It's a disconnection from reality, the stock Mkt is no longer an indicator of the health/wealth of the country, merely an image of the manipulation by the Fed.
And I love the Q-Etrnity line.  :laugh:

Yep. I think I mentioned it earlier: The big banks are getting printed or borrowed money from Washington, (at almost zero interest), and rather than loaning it out, they are dumping it into Wall St.

What a freaking scam!!!! :cursing:

We call this recovery. :confused:

Solar

Quote from: kramarat on February 01, 2013, 07:26:01 PM
Yep. I think I mentioned it earlier: The big banks are getting printed or borrowed money from Washington, (at almost zero interest), and rather than loaning it out, they are dumping it into Wall St.

What a freaking scam!!!! :cursing:

And the MSM calls this recovery. :confused:
FIFY.
I don't think anyone with an IQ above room temp thinks it is.
Official Trump Cult Member

#WWG1WGA

Q PATRIOT!!!

kramarat

Quote from: Solar on February 01, 2013, 07:33:36 PM
FIFY.
I don't think anyone with an IQ above room temp thinks it is.

Vern has brought up some valid points about Bush. All I know, is that I'm tired of getting screwed. Obama has put it in overdrive. :blink:

Solar

Quote from: kramarat on February 01, 2013, 07:38:00 PM
Vern has brought up some valid points about Bush. All I know, is that I'm tired of getting screwed. Obama has put it in overdrive. :blink:
All he's done is reinforce what we already knew, Bush was no conservative and Husein is a Socialist.
In addition, both party's suck, we so badly need Tea party folk in all three Houses, we change and we needed it decades ago.
Official Trump Cult Member

#WWG1WGA

Q PATRIOT!!!

kramarat

Quote from: Solar on February 01, 2013, 07:53:21 PM
All he's done is reinforce what we already knew, Bush was no conservative and Husein is a Socialist.
In addition, both party's suck, we so badly need Tea party folk in all three Houses, we change and we needed it decades ago.

Any administration that points to the damned stock market as proof of success, is full of shit and on the ropes.

Another distraction. :sad:

It's really getting old.

Obama saying that Hillary will go down in history as one of the best secretaries of state, as embassies are bombed and Americans are murdered.

I'm really wondering if our country will wake up.

TowardLiberty

Quote from: Vern on February 01, 2013, 07:09:10 PM
toward, I have no doubt you understood what was going on. I understood it too.  But what about ther rest of the right?  I remember the ranting and raving from the right that the "world is ending".   Do you think the rest of the right thought  we'd be at 14000?

I really couldn't say what those on the right think about it.

I wasn't around here all that much until rather recently.

But from the libertarian/zerohedge community that I frequent, no one doubted a nominal run up in the stock market.

That is what QE is all about.

I do seem to remember conservatives talking about the disconnect between the stock market and the real economy.

And to their credit, that is a sound point.
Quote

and what about their sources of information screaming to them the world was ending.  whats your secret to knowing the "conservative entertainment complex" was lying?


What do you mean by the world is ending? A drop in the stock market?

And what time period are we talking?

Because that sort of thinking was accurate 08-09.

TowardLiberty

#14
Quote from: kramarat on February 01, 2013, 07:13:46 PM
It has moved far beyond being a means for companies to borrow the needed capital for growth.

Huge amounts of money are shifted around to create artificial perceptions of reality.

No doubt.

So we disapprove of the particular institutional design of the stock market.

But a stock market in general is a necessary thing.