Dow Jones has best July performance in 20 years (Obama, cost, dollar) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

AnUnidentifiedMale · 07-31-2009, 03:09 PM

The Dow surged 8.6 percent for the month, with most of the gains arriving in bursts in the final 15 days. The extraordinary run shaped July into the best month for the blue chips since October 2002 and the best July since 1989.

The Associated Press: Profit reports push Dow to best July in 20 years

HappyTexan · 07-31-2009, 03:46 PM

Those playing the market were rewarded. It is sad to see though that these profits cost a lot of Americans their jobs.

I know, I know..the responsibility of a company is to generate profits and that they did. I'm just not happy they way they went about doing it.

ViewFromThePeak · 07-31-2009, 03:48 PM

Joe six pack got out of the stock market long ago because their nitwit financial advisor told them to go into bonds.

Soon, the bond bubble will burst. It is inevitable. Then, you're really going to see the SHTF.

HappyTexan · 07-31-2009, 03:53 PM

Oh I do have some "play" money in the market and I am doing well. But it's not investments that I'm doing, it's playing the market at this point. I have stop loss orders as well so I don't get burnt if the giddiness goes south.

My best one yet is Baxter (BAX) and this swine flu vaccine. Got in at $47..closed today at $56+.
I missed the boat on Goldman though...they had a good bump when earnings came out.

SouthCity09 · 07-31-2009, 04:02 PM

Obama! Obama! Obama!

Clapper · 07-31-2009, 04:03 PM

Watch out for October, the month of crashes!

SouthCity09 · 07-31-2009, 04:16 PM

Quote:

Originally Posted by Clapper

Watch out for October, the month of crashes!

thought the crash was in September?

ViewFromThePeak · 07-31-2009, 04:36 PM

Naturally, many foreign markets outperformed American markets. Especially when you take into account the decline of the dollar over the past few months.

oldyeller · 07-31-2009, 04:36 PM

So the dow tanks from 14K to six and now your touting a 9% gain in July like all is well?? How many folks lost everything? Oh and I saw some other yahoo touting that a smaller than thought loss in GDP is also good news. Tell that to folks looking for a job and their 401K. Where are those 2 million jobs the great Obama promised anyway?

odanny · 07-31-2009, 04:39 PM

So, does a great July signify a economic rebound? Face it, our economy is fubar'd. We are supposed to get excited after someone finishes putting out the flames? All I see now is a pile of ashes, but hey, I heard the fire is out