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The 18,000 Obama Stock Market

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  • The 18,000 Obama Stock Market

    While the doomsdayers continue to nag, they're cries for help are starting to fall on deaf ears. A bull market is on the run, unemployment is lowering and consumer confidence is rising. And Hillary ain't going to jail. All leading the way to an Obama recovery. For those of you who predicted doom and gloom, aren't you glad you were wrong?

  • #2
    Re: The 18,000 Obama Stock Market

    Mr Wizard, can you explain how a record number of people are out of work and the unemployment number went down?

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    • #3
      Re: The 18,000 Obama Stock Market

      Just because you're not getting paid doesn't mean you're not working. Slavery didn't end in 1865.

      Comment


      • #4
        Re: The 18,000 Obama Stock Market

        Originally posted by markinsac View Post
        While the doomsdayers continue to nag, they're cries for help are starting to fall on deaf ears. A bull market is on the run, unemployment is lowering and consumer confidence is rising. And Hillary ain't going to jail. All leading the way to an Obama recovery. For those of you who predicted doom and gloom, aren't you glad you were wrong?
        Nope, they would have rather been right, regardless of the consequences. And the funniest thing is, they STILL maintain they were right, even though it's NASDAQ at 5,000 NOT the DJIA. It's like they bet on a team that lost 45-7 and they point to the one TD drive that got the 7 as proof that they were right, that they had the winning side, and disregard the 45 as meaningless.

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        • #5
          Re: The 18,000 Obama Stock Market

          Originally posted by scinlincoln View Post
          Mr Wizard, can you explain how a record number of people are out of work and the unemployment number went down?

          Cause the unemployment number is not valid. When you use up your unemployment and drop off the roll, they consider you employed
          Lick my ice cream and kiss my pinky ring

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          • #6
            Re: The 18,000 Obama Stock Market

            Originally posted by markinsac View Post
            While the doomsdayers continue to nag, they're cries for help are starting to fall on deaf ears. A bull market is on the run, unemployment is lowering and consumer confidence is rising. And Hillary ain't going to jail. All leading the way to an Obama recovery. For those of you who predicted doom and gloom, aren't you glad you were wrong?
            You couldn't be more wrong. So what's your estimate of GDP this year? When do you think the FEd will be able to raise rates? Did you see the retail sales figures reported yesterday ? Let me help


            US Retail Sales Hint At Recession, Weakest Since Financial Crisis

            Despite bouncing back last month at the fastest pace in a year, April just printed the slowest YoY growth since Nov09 at just 0.9% (retail sales has still missed expectations for 4 of the last 5 months). Against expectations of a 0.2% MoM rise in April (considerably slower than the 0.9% pop in March), Retail Sales missed with a 0.0% change. Ex-Auto and Gas MoM also missed with a mere 0.1% gain (aghainst +0.5% exp.) but it was the control group that saw the biggest miss, printing 0.0% (against hopeful expectations of a 0.5% gain). There was widespresd weakness with outrightdeclines in autos, furniture, gas, food, electronics (AAPL hangover), and general merchandise.


            If you print and borrow enough money, the rich get richer, the poor get poorer, and the middle class disappears

            The jobs created are part time , low paying jobs, and the people who are getting them are 55 and older!
            Yep, no more retirement , Burger King

            People with low paying jobs, can't shop, they are broke

            We as a country, are going more broke by the day. Watch the bond market. If the bond vigilantes lose patience with this Ponzi scheme, say goodnight , and rates have been inching up ...
            Capitalize on the boom in Fantasy Sports , and Play where the pros play
            http://www.fantasydraft.com/play/Rollofthedice

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            • #7
              Re: The 18,000 Obama Stock Market

              When economic recoveries begin, employment figures lag for awhile and then begin to catch up gradually. There are those out there who will only focus on the bad news and ignore the good news. Of course if Romney had won the election, they'd be touting the "Romney Recovery." They don't like O and they plan to stay that way. I too had my issues with O, but things have turned around. Maybe just maybe Keynesion DOES work?

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              • #8
                Re: The 18,000 Obama Stock Market

                Another record close for the S & P 500, NASDAQ and DJIA just points off their record highs.
                I wonder how the guy who said this back when he predicted 5000 DJIA will spin it:

                "The markets are very efficient and interpret information very quickly, while anticipating future business trends."

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                • #9
                  Re: The 18,000 Obama Stock Market

                  Thank you Guesser, I couldn't have said it better myself. If this awful prosperity trend continues, what campaign issues will the GOP have to focus on? I guess they ei go to their foreign policy play book, despite the fact that a majority of Americans don't want to engage in another war.

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                  • #10
                    Re: The 18,000 Obama Stock Market

                    Maybe too many of the negativistas bought Alex Jones's doomsday kits and want to get their money's worth

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                    • #11
                      Re: The 18,000 Obama Stock Market

                      Capitalize on the boom in Fantasy Sports , and Play where the pros play
                      http://www.fantasydraft.com/play/Rollofthedice

                      Comment


                      • #12
                        Re: The 18,000 Obama Stock Market

                        Like I said brucefan,there's nothing wrong with caution. But I feel the economy is starting to heat up and I'm going to enjoy the ride. And I hope Glenn Beck gets ahold of some mess soon.

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                        • #13
                          Re: The 18,000 Obama Stock Market

                          Heat up ? Your kidding right? Do you follow the business headlines?

                          Let me repeat. We are in worse shape then ever, far worse then 2008

                          The Fed is clueless, and our President knows as much about economics as I know about speaking Chinese .

                          The Big Lie: Serial Retail Sales Downward Revisions Hide Ugly Truth

                          Over the last 5 years, over 20% of the initial gains in Retail Sales have been 'removed' by serial downward revisions in later months.



                          Capitalize on the boom in Fantasy Sports , and Play where the pros play
                          http://www.fantasydraft.com/play/Rollofthedice

                          Comment


                          • #14
                            Re: The 18,000 Obama Stock Market

                            Well after visiting my family in SoCal for a couple of weeks, my lunch with my sister gave me that opinion. She lost her business and then her house back in 2009. But she's back in business and she says she has more business than she knows what to do with. She even said she likes Obama's economic policies. Then she treated me to a great lunch at a high-end restaurant in Pasadena. So that helps influence my decision.

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                            • #15
                              Re: The 18,000 Obama Stock Market

                              Brazilian barbecue. I recommend you try it.

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