Dow Jones tops 9,000 for first time since January (Al Gore, statistics, Clinton)
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The market is rallying because there has been plenty of encouraging economic news (house prices stabilizing, factory (and home) inventory levels dropping, layoffs decreasing, etc, etc, etc).
And yes, it HAS gotten worse over the last 6 months (DUH!) - that does not mean it's getting worse NOW (DUH!!!!). As I said, we're at the bottom and turning the corner.
So, let's compare the DOW performance under Clinton, vs G.W. Bush in eight years in office: Clinton: 4,000 to 10,000 (approximate) a 150% increase Bush: 10,000 to 8,500 (approximate) a 15% decrease
DUH!!!
There you go - looking BACKWARDS again.
Did I EVER say that during the 2nd quarter we were not in recession?
I don't think so.
The fact is, compared the 1st quarter's 60% decrease in revenues, yes a 36% decrease in revenues is a vast improvement - again, indication that we were bottoming out during the 2nd quarter - and the 3rd quarter will look a whole lot better.
DUH!!!
There you go - looking BACKWARDS again.
Did I EVER say that during the 2nd quarter we were not in recession?
I don't think so.
The fact is, compared the 1st quarter's 60% decrease in revenues, yes a 36% decrease in revenues is a vast improvement - again, indication that we were bottoming out during the 2nd quarter - and the 3rd quarter will look a whole lot better.
Ken
Classic! And typical Obamanomics. You're in for a rude awakening! Income Tax revenue is down 44%, CRE is about to implode and has Bernanke and the Fed scared shi*less and campaigning for more bailouts from the taxpayers, and the FR has correctly forecast a jobless recovery if there's a recovery at all. But hey, magically... somehow... money will appear from nowhere to boost revenues.
Classic! And typical Obamanomics. You're in for a rude awakening! Income Tax revenue is down 44%, CRE is about to implode and has Bernanke and the Fed scared shi*less and campaigning for more bailouts from the taxpayers, and the FR has correctly forecast a jobless recovery if there's a recovery at all. But hey, magically... somehow... money will appear from nowhere to boost revenues.
The emerging countries are producing revenue for these companies.
Look at the details of earnings. The Asian market has recovered and is in spending mode.
There won't be any jobless recovery like last time. What happened last time is they laxed lending standards so people borrowed more..that was your recovery. People can't borrow anymore so that won't happen in the US. Look to the emerging countries to give the US companies their revenue. There's a change underfoot, a shift and people need to start recognizing it.
NEW YORK - The Dow Jones industrials rose back above 9,000 for the first time since early January.
Investors snapped up stocks across the market Thursday, sending major indexes up more than 2 percent, after a report showed existing home sales jumped for the third straight month in June.
You'll see a significant rebound hopefully starting January 20, 2013.
Yup, it's well known that Wall Street prefers Republicans in power.... The only problem is your assumption that they'll actually GET power back in the '12 election...
The emerging countries are producing revenue for these companies.
Look at the details of earnings. The Asian market has recovered and is in spending mode.
There won't be any jobless recovery like last time. What happened last time is they laxed lending standards so people borrowed more..that was your recovery. People can't borrow anymore so that won't happen in theUS.
Very true. More on that here:
Four Bad Results - The Market Ticker (http://market-ticker.denninger.net/archives/1260-Four-Bad-Results.html - broken link)
Quote:
Look to the emerging countries to give the US companies their revenue.
Maybe yes... maybe no. Other countries' businesses are positioning themselves to compete more favorably with US businesses. Plus, they're not saddled with and stunted by Obama's Crap and Raid (Cap and Trade). US businesses: shut out.
Quote:
There's a change underfoot, a shift and people need to start recognizing it.
Absolutely, but many can't see that because they're stuck in their role of Obama cheerleader.
Interesting video explaining what happened. And Obama just had to have Tax Cheat Timmy Geithner (previous pres. of the NY Fed) for Treasury Secretary. Please everyone, watch the msnbc video again and again until you fully understand what happened: Zero Hedge: Ratigan, Spitzer And Toure Clarify The Fed's Obsession With Secrecy
Obama is neck deep in this, letting Geithner continue the scam. Not to mention, Obama's a tool for a boatload of GSers (Goldman Sachs). Bob Ostertag: Goldman Sachs, Obama, Money
How can that be. How can those green shoots keep popping up all over. I mean, the guiding lights on this site have been preaching for two years now that we're all going to starve as the economy collapses and farmers can't plant and suburbia crumbles as our cars rust in the driveway and highways turn back to dust and grass and gas hits $10/gal and roving gangs go door to door killing for food and... oops, maybe next year?
I was just at the supermarket, the horn of plenty still delivers all the food you want, corn is planted wall to wall again this year and today it's 19-cents an ear at King Soopers in COLO SPGS, along with gasoline at 2.119 a gallon.
Maybe next year the gloomers will be right. After all, they correctly called 11 of the last 3 recessions.
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Yeah, okay.
