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.
Thanks.And I agree.The share of the economy based in "financialization" has grown to ungodly bounds. The switch to a fiat currency from a commodity currency has put into motion a shift in the real economy away from a focus on producing real things, in a sustainable fashion, to an economy built on jumping from one credit bubble to the next.
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.
oh kram, another false assertion to justify a false narrative? why would you equate "busting up Wall St corruption" with being anti Wall Street? can you put it into words? or is it just because we all know that President Obama is an anti American kenyan terrorist nazi socialist muslim so of course he's upset that the DOW is at 14000 and the world didnt end?anyhoo, my point is (and it was clear not vague) that in 2009, the right screamed, ranted and raved (and screamed some more) that the world was ending and yet the DOW hit 14000 (and the world didnt end) so can we put you in the list of people that didnt think the DOW would hit 14000?
And the bubbles emerge from the asses of unicorns.
Unicorns made of 1's and 0's!
A sure sign of economic recovery!!!!!Thank You Mr Obama. The future is looking awesome!!!!!! http://www.newsadvance.com/work_it_lynchburg/news/article_3b9073a6-6ac6-11e2-8085-0019bb30f31a.html
It shows that the average guy is looking for somewhere to invest, anywhere but the stock mkt propper.Amazon could be in trouble if they don't do something, overvalued stock can kill a business.Can you say bubble?
mmmm, I'm not sure I'm buying the comments about the DOW being 'disconnected' from the economy. It seems all rather too convenient. And you guys all agreeing with each other isn't what I would call "making a strong case". I posted this in another thread but it kinda shows a connection. At least a connection when it pulled the economy down. "Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008, the biggest monthly decline on record at the time"http://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp#axzz1Yy6SIL3cthis is a few years old but it pretty much sums up my opinionhttp://www.businessweek.com/magazine/content/10_16/b4174028669540.htm"We've had a phenomenal run in asset classes across the board," says Dan Greenhaus, chief economic strategist for Miller Tabak + Co., an institutional trading firm in New York. "If Obama was a Republican, we would hear a never-ending drumbeat of news stories about markets voting in favor of the President." " My 401k votes in favor of the President.
kram, you missed the point. I'm not posting "hey look, business week said good things", I posted a quote from a commodies trader who clearly articulated my point that if Obama was republican, I dont think we'd be hearing about how the DOW isnt connected to the economy. We be hearing a "ever-ending drumbeat of news stories about markets voting in favor of the President"
kram, I dont think you understand what an editorial is. and you attempting to prove that "business week " is liberal has zero to do with my point. My point is and will continue to be If Obama was republican, the DOW would the source of never ending drumbeat of stories that prove his policies work.Since he's not, the DOW is magically not connected to the economy. I guess you find it easy to deflect about business week than discuss my point.