Dow closes at Record High
 

Whoo Hooo! Thank God the aftereffects of Clinton's insidious bubble economy are finally over. George Bush and his team of brilliant economists have delivered a REAL boom. And he did it without having to overpay a bunch of snotty programmers.

Good work, Mr. Bush!

Yeah, I bet all the gurus in treasury bonds since 1999 are still patting themselves on the back.

...and we're spending $2B a week in Iraq...

Actually, the market is predicting Republican wins next month.

Anyone know how often the market is right? Let's hope it is this time!

And China owns most of our ever-increasing debt, but don't worry...be happy!

http://z.about.com/d/top40/1/0/1/8/mcferrin1989.jpg

And we have billions - if not trillions - of RE loans on the brink of default

Please do not post any good news in the future, especially economic.

The "cut and paste" crowd on the OT are so busy drooling over themselves and hoping that they have finally found a way to win an election (as they have no platform and few leaders running) that they cannot be bothered by anything other than bad news.

Am just really, really glad that I bought nice stable stocks back in the 90's and has been doing very well.

SBD! SBD! SBD!

Or something...

The market does what the market does. Nice to know I made money today while I was downtown getting my flu shot...:)

Re: Dow closes at Record High
 

You know whats weird? I was just thinking of how the car craze is starting all over again(Cuda's going for seven figures)). Personaly, in a few years, I'm going to pull completely out of the market. Things are nuts, and I think its gonna go back down in a big way. naturaly, the president it goes down for will be blamed, so perhaps I might vote democrat... :p

When the Dow gets back to breakeven in real terms, we can start the high fives. Until then, I remain the lone skeptic.

The Dow is high because the price of oil is low. And the price of oil is low because Bush buddies have been overstocking it, artificiallly raising the prices. Now, all they have to do is use the stocks, demand lowers, prices drop, Dow goes up. Perfect timing for the elections. None of these things happen by accident. But senator Foley's scandalous taste for little pagers was not part of the plan :D.

Aurel

Then why did all my 401k investment funds drop by +/- 0.75% yesterday. Goddammit! :grr:

it's not a profit until you realize the gain.... profit on paper is just that.

I wanna' be president so I can piss $2,000,000,000 a day down the drain and be told "good job".

Wow -totally clueless!

Bush's buddies in the middle east with the surplus you mean? I thought everyone in the middle east hated Bush?

It's fine to have an opinion of why things are the way they are- but let's try again with something somewhat believeable... mmmkay?

U Boyz are about as informed as a Chicken on its way to the Processing Plant...

Enlighten us, silver spoon boy.

With the RISE in Fed Interest rates...Mortgage Interest rates have risen...deflating the RE Bubble.

In May the Fed caused the Margin Rate on Commodities to be raised..thus increasing the risk to reward ratio for speculating in oil futures and energy stocks...which has brought the unwinding of the price of oil...

The DOW Jones AVG if looked at over the past 5 years from high to high is FLAT....so if it was overpriced 5 years ago EXCELLENT corp profits have caught up with the price and made the stocks cheap by todays price.

After a Midterm Election the Stock market has a habit since WW2 of ogoing up 18% to 25% in the year after regardless of who wins the election, it usually climbs more if Gridllock ensues..since neither party has an advantage.

With the decline in the RE, Oil, and Bond mkts (price of Bonds goes down when Interest rates rise) money goes to the least risk to reward ratio and that is the Stock Market...

The Chinese use our Bonds to stablize their currency. The rest of the world views America as a safe haven in times of crisis and thus buy our bonds which is the reason why interest rates have not climbed through the moon, with a $7 Trillion debt...and $200 B defceit. So the $$$ has declined in value over the past coupla years which U might say is another way of financing the war on Terror.