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If I read any intelligent responces from conservatives that display economic competence, I will donate $20 to your paypal account no questions asked. Given the fact that this is far from the norm, I doubt i'll be loosing any capital today.
Obviously you need an education in basic math if you think millions of Americans are making money.
That is misleading considering millions of Americans lost a hell of alot more over the last 2 years then they recouped in the last 6 months.
If I read any intelligent responces from conservatives that display economic competence, I will donate $20 to your paypal account no questions asked. Given the fact that this is far from the norm, I doubt i'll be loosing any capital today.
lol, you can't even spell correctly and you are looking for intelligent responses?
This kind of hypocrisy is typical of liberals. It gets very tiring.
If I read any intelligent responces from conservatives that display economic competence, I will donate $20 to your paypal account no questions asked. Given the fact that this is far from the norm, I doubt i'll be loosing any capital today.
I checked, I havent seen any intelligent responses from liberals here displaying economic competence either.. And this includes your posting..
You can keep your $20, you probably need it more than I do, and the ability to laugh at some of you guys is priceless.
I think this post is partially a tongue and cheek response to the posts made on here bashing Obama a couple weeks ago when the dow dropped for a few days..
The stock market is a good indicator of economic activity, not necessarily a good indicator of economic health. This recession is predicated on the credit markets, not an equity crisis. Therefore, although it is good news, a rebounding stock market doesn't necessarily mean credit markets are unfrozen, nor does it mean that profitability has been restored.
I think it is wonderful that the DOW hit 10,000. We are not hitting this number because we are on fire economically we are doing it because companies said they are pretty much done down downsizing. This gives investors a positive and they invest. It does not change that we have millions unemployed, it does not change that companies are NOT hiring but are making due with the help they have, it does not change that if the government issues tax increases this up tick will fall fast. The White House better tread lightly because the market is far from stable and the slightest wrong move on their part and the walls will come crashing down.
Republicans will be steaming mad that millions of Americans are making money in the stock market because it helps Obama.
You know all the billions that the banks aren't loaning out, they are hoarding it? I'm so glad we taxpayers could help make these folks rich in the stock market.
Seriously though, I've heard that a lot of businesses have given up trying to make money in this economy, so they have liquidated their assets and are putting them into the market instead.
Quote:
"Why is liquidity going into the financial sector? It's because the real economy is dying [and] everyone is fleeing into the stocks and bonds because they're liquid at the moment," Whalen says. "That's not a good sign."
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