Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Another super bubble created by printing borrowed money by the fed , backed by our government . That 80 billion a month the government is giving to the big banks indefinitely to bail them out has the banks investing to make money in the stock market.. big big bubble.. the banks are trying to recoup the money they lost with millions of bad loans in the mortgage industry.
Exactly right. The problem, this is another bubble being inflated by injections of massive proportions. Don't get me wrong, I have a few bucks in equities myself, but I also understand that this will end harshly. This is nothing like any other recovery in history, both in speed and impetus. We are in uncharted waters as to what the effect will be when they start tapering in March.
Clue: Mortgage rates jumped over 1% on nothing more than rumors of the Fed tapering.
Anything positive is, obviously, bad news forthe America-haters. I won't be surprised, if the Dow breaks the record, to seethe American Taliban in the Congress introduce a resolution condemning thePresident, Wall St., whomever they can lash-out at. But as someone heavilyinvested in my 401k plan, the record-breaking will be good news to me.
If your goal is to be the most extreme poster in this place... you may have a shot at it.
I agree this is merely a bubble created by the access to easy capital and low interest rates. There's no money to be made in low-risk investments and money is easy to come by due to the printing presses running indefinitely, so money is pouring into stocks, artificially raising the whole market.
But it's all fake -- companies aren't doing that great, unemployment is still high, people are getting their hours cut, they're paying higher insurance costs. The whole rally has been propped up artificially, and will inevitably crash again.
I would be excited about these numbers, if the reasons they were so high was justified.
Of course. The stock market is a joke. OK, not totally, initial public offerings are legit and have a purpose. But the secondary market is just 10 big banks trading back and forth from each other.
Except "trickle-down" economics implies giving "tax breaks" to corporations and the wealthy.
Which Obama has done. Kudos to your corporate friends!
Quote:
Obama's economic plan goes against "trickle-down" ... and yet the stock market continued to rise to all-time highs ... and the middle-class watched their retirement funds rise as well!
Not really. Corporate tax loopholes are in style with the Obama economy.
Maybe you should pull your face off pages of dailykos and use common sense.
51 million Americans have 401K accounts, and millions of others have other kinds of investments, and all of them benefit. They are the main street, and they are happy about the performance of their investments.
The vast majority of the market gains have gone into the pockets of the very wealthy while unemployment and wage levels remain stagnant.
The irony that people whine about the rich, wallstreet etc. but then use things like this to praise obama is pretty dang funny. It really brings home the point that a whole bunch of the people that complained about "the rich" and "fat cats" etc. were just kool-aid drinking morons with no real moral compass just blind loyalty.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Came very close ....
