Dow Jones tops 9,000 for first time since January (conspiracy, companies, cost)

[HappyTexan]

Originally Posted by InformedConsent

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.

I've been studying the latest quarterly earnings reports.
Coca Cola is a good example..they are up but not from sales in North America.

I found their 1Q09 earnings..2Q09 isn't posted yet but they did just announce and it was along the same vein.

First Quarter 2009 Results - Press Release - Coca-Cola (http://www.thecoca-colacompany.com/presscenter/nr_20090421_corporate_first_qtr_earnings.html - broken link)
snippet:
"Internationally, the Company achieved broad-based unit case volume growth of 3 percent. Unit case volume increased in key emerging markets, with 31 percent growth in India, 10 percent growth in China, high single-digit growth in Southern Eurasia, Thailand and Vietnam and mid single-digit growth in Korea and Nigeria.
..
North America realized sequential improvement with unit case volume declining 2 percent in the quarter. "


This kind of info is not hitting the MSM; people are not looking into the details and think OUR economy is rebounding when it's not.

[Mike from back east]

Originally Posted by HappyTexan

I've been studying the latest quarterly earnings reports.
Coca Cola is a good example..they are up but not from sales in North America.

I found their 1Q09 earnings..2Q09 isn't posted yet but they did just announce and it was along the same vein.

First Quarter 2009 Results - Press Release - Coca-Cola (http://www.thecoca-colacompany.com/presscenter/nr_20090421_corporate_first_qtr_earnings.html - broken link)
snippet:
"Internationally, the Company achieved broad-based unit case volume growth of 3 percent. Unit case volume increased in key emerging markets, with 31 percent growth in India, 10 percent growth in China, high single-digit growth in Southern Eurasia, Thailand and Vietnam and mid single-digit growth in Korea and Nigeria.
..
North America realized sequential improvement with unit case volume declining 2 percent in the quarter. "


This kind of info is not hitting the MSM; people are not looking into the details and think OUR economy is rebounding when it's not.

Fair enough, esp the coca-cola thing. I see a silver lining here, which is that there's less HF corn syrup being guzzled, fewer rotting teeth and fewer empty calories being consumed. I know, coca-cola rotted my teeth as a child.

[floridasandy]

“New foreclosure notices will total 2.4 million this year, which could trigger price drops in 69.5 million nearby homes, estimates the Center for Responsible Lending, a financial-services research and policy firm. At an average decline of $7,200 a house, that translates to a potential drop of $502 billion in total U.S. property values.”

i don't think that the gloomers are gloomy in general. i consider myself a temporary gloomer and just want people to have the actual facts so they can make informed decisions. people have been misled previously and some have lost a lot of money. i have already posted in the business forum on the option arm resets to come, and commercial loan statistics, none of it good.

[InformedConsent]

Originally Posted by floridasandy

i don't think that the gloomers are gloomy in general. i consider myself a temporary gloomer and just want people to have the actual facts so they can make informed decisions. people have been misled previously and some have lost a lot of money. i have already posted in the business forum on the option arm resets to come, and commercial loan statistics, none of it good.

Exactly! It's not gloominess; it's pragmatism.

[RD5050]

Originally Posted by Rhett_Butler

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...

Republicans? Really? And how would you explain the Dow's huge rise from 4,000 to 10,000 during Clinton?

Or the Republicans presidents who were IN CHARGE during ALL THREE stock market crashes: 1929, 1987, 2008?

[motoracer51]

Originally Posted by RD5050

Republicans? Really? And how would you explain the Dow' huge rise from 4,000 to 10,000 rise during Clinton?

Or the Republicans presidents who were IN CHARGE during ALL THREE stock market crashes: 1929, 1987, 2008?

Ohhh, that's a simple one!!1

Internet - Al Gore said he invented it too!!

[floridasandy]

Originally Posted by RD5050

Republicans? Really? And how would you explain the Dow's huge rise from 4,000 to 10,000 during Clinton?

Or the Republicans presidents who were IN CHARGE during ALL THREE stock market crashes: 1929, 1987, 2008?

i would explain it by saying that wall street loves government intervention because the big players, particularly goldman sachs, can and do manipulate government actions to their advantage. who did the bailouts actually benefit?

[Rhett_Butler]

Originally Posted by RD5050

Republicans? Really? And how would you explain the Dow's huge rise from 4,000 to 10,000 during Clinton?

Or the Republicans presidents who were IN CHARGE during ALL THREE stock market crashes: 1929, 1987, 2008?

I understand that, but if you ask any big cat on Wall Street they'll claim that Republican policies are more "market friendly"... The stats show otherwise.

It's called sarcasm ace...

[LordBalfor]

Originally Posted by WillysB

Cool. Let us know when it gets back to 14,000 and returns value to my 401k.

Well, I can't speak for you, but thanks to the fact that I pulled out of the market for a little while (then jumped back in just 2 days or so after the bottom), the 40+% rise in the markets since then, and the fact that I've continuously added more money - I've nearly recovered. I calculate that if the S&P can go up another 75 points or so I'm in positive territory and at my all-time high for my 401K.

Needless to say, I'm a happy camper.
Would I be happier (and have a higher balance) if the market had never crashed to begin with - or had I gotten out earlier? Of course I would. But none of that can be changed and I'm generally pleased to have done as well as I have.



Ken

[thebigr]

Yea Obama!! Your healthcare plan is loosing steam and your popularity is dropping. Investors like that. Also it is earning season and 70% of companies are beating there projections. Take your profits kiddies, any thing can happen. But for all you Obama fans we will give you all the credit, lord knows you need it now.