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?
The 18,000 Obama Stock Market
- Thread starter markinsac
- Start date
scinlincoln
EOG Addicted
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?
Mr Wizard, can you explain how a record number of people are out of work and the unemployment number went down?
TheGuesser
EOG Dedicated
Re: The 18,000 Obama Stock Market
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.
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.
Ray Luca
EOG Master
Re: The 18,000 Obama Stock Market
Cause the unemployment number is not valid. When you use up your unemployment and drop off the roll, they consider you employed
Cause the unemployment number is not valid. When you use up your unemployment and drop off the roll, they consider you employed
brucefan
EOG Dedicated
Re: The 18,000 Obama Stock Market
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 ...
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 ...
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?
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?
TheGuesser
EOG Dedicated
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."
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."
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.
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.
brucefan
EOG Dedicated
Re: The 18,000 Obama Stock Market
Heat up ? Your kidding right? :doh1 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 .
[h=2]The Big Lie: Serial Retail Sales Downward Revisions Hide Ugly Truth[/h]
Over the last 5 years, over 20% of the initial gains in Retail Sales have been 'removed' by serial downward revisions in later months.
Heat up ? Your kidding right? :doh1 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 .
[h=2]The Big Lie: Serial Retail Sales Downward Revisions Hide Ugly Truth[/h]
Over the last 5 years, over 20% of the initial gains in Retail Sales have been 'removed' by serial downward revisions in later months.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.
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.
brucefan
EOG Dedicated
brucefan
EOG Dedicated
Re: The 18,000 Obama Stock Market
Facts are a stubborn thing
#1 The National Debt
Just prior to the last recession, the U.S. national debt was a bit above 9 trillion dollars. Since that time, it has nearly doubled. So does that make us better off or worse off? The answer, of course, is obvious. And even though Barack Obama promises that “deficits are under control”, more than a trillion dollars was added to the national debt in fiscal year 2014. What we are doing to future generations by burdening them with so much debt is beyond criminal. And so what does Barack Obama want to do now? He wants to ramp up government spending and increase the debt even faster. This is something that I covered in my previous article entitled “Barack Obama Says That What America Really Needs Is Lots More Debt“.
#2 Total Debt
Over the past 40 years, the total amount of debt in the United States has skyrocketed to astronomical heights. We have become a “buy now, pay later” society with devastating consequences. Back in 1975, our total debt level was sitting at about 2.5 trillion dollars. Just prior to the last recession, it was sitting at about 50 trillion dollars, and today we are rapidly closing in on 60 trillion dollars.
#3 The Velocity Of Money
When an economy is healthy, money tends to change hands and circulate through the system quite rapidly. So it makes sense that the velocity of money fell dramatically during the last recession. But why has it kept going down since then?
#4 The Homeownership Rate
Were you aware that the rate of homeownership in the United States has fallen to a 20 year low? Traditionally, owning a home has been a sign that you belong to the middle class. And the last recession was really rough on the middle class, so it makes sense that the rate of homeownership declined during that time frame. But why has it continued to steadily decline ever since?
#5 The Employment Rate
Barack Obama loves to tell us how the unemployment rate is “going down”. But as I will explain later in this article, this decline is primarily based on accounting tricks. Posted below is a chart of the civilian employment-population ratio. Just prior to the last recession, approximately 63 percent of the working age population of the United States was employed. During the recession, this ratio fell to below 59 percent and it stayed there for several years. Just recently it has peeked back above 59 percent, but we are still very, very far from where we used to be, and now the next economic downturn is rapidly approaching.
#6 The Labor Force Participation Rate
So how can Obama get away with saying that the unemployment rate has gone down dramatically? Well, each month the government takes thousands upon thousands of long-term unemployed workers and decides that they have been unemployed for so long that they no longer qualify as “part of the labor force”. As a result, the “labor force participation rate” has fallen substantially since the end of the last recession…
#7 The Inactivity Rate For Men In Their Prime Working Years
If things are “getting better”, then why are so many men in their prime working years doing nothing at all? Just prior to the last recession, the inactivity rate for men in their prime working years was about 9 percent. Today it is just about 12 percent.
#8 Real Median Household Income
Not only is a smaller percentage of Americans employed today than compared to just prior to the last recession, the quality of our jobs has gone down as well. This is one of the factors which has resulted in a stunning decline of real median household income.
I have shared these next numbers before, but they bear repeating. In America today, most Americans do not make enough to support a middle class lifestyle on a single salary. The following figures come directly from the Social Security Administration…
-39 percent of American workers make less than $20,000 a year.
-52 percent of American workers make less than $30,000 a year.
-63 percent of American workers make less than $40,000 a year.
-72 percent of American workers make less than $50,000 a year.
We all know people that are working part-time jobs because that is all that they can find in this economy. As the quality of our jobs continues to deteriorate, the numbers above are going to become even more dismal.
#9 Inflation
Even as our incomes have stagnated, the cost of living just continues to rise steadily. For example, the cost of food and beverages has gone up nearly 50 percent just since the year 2000.
#10 Government Dependence
As the middle class shrinks and the number of Americans that cannot independently take care of themselves soars, dependence on the government is reaching unprecedented heights. For instance, the federal government is now spending about twice as much on food stamps as it was just prior to the last recession. How in the world can anyone dare to call this an “economic recovery”?
So you tell me – are things “getting better” or are they getting worse?
Facts are a stubborn thing
#1 The National Debt
Just prior to the last recession, the U.S. national debt was a bit above 9 trillion dollars. Since that time, it has nearly doubled. So does that make us better off or worse off? The answer, of course, is obvious. And even though Barack Obama promises that “deficits are under control”, more than a trillion dollars was added to the national debt in fiscal year 2014. What we are doing to future generations by burdening them with so much debt is beyond criminal. And so what does Barack Obama want to do now? He wants to ramp up government spending and increase the debt even faster. This is something that I covered in my previous article entitled “Barack Obama Says That What America Really Needs Is Lots More Debt“.
#2 Total Debt
Over the past 40 years, the total amount of debt in the United States has skyrocketed to astronomical heights. We have become a “buy now, pay later” society with devastating consequences. Back in 1975, our total debt level was sitting at about 2.5 trillion dollars. Just prior to the last recession, it was sitting at about 50 trillion dollars, and today we are rapidly closing in on 60 trillion dollars.
#3 The Velocity Of Money
When an economy is healthy, money tends to change hands and circulate through the system quite rapidly. So it makes sense that the velocity of money fell dramatically during the last recession. But why has it kept going down since then?
#4 The Homeownership Rate
Were you aware that the rate of homeownership in the United States has fallen to a 20 year low? Traditionally, owning a home has been a sign that you belong to the middle class. And the last recession was really rough on the middle class, so it makes sense that the rate of homeownership declined during that time frame. But why has it continued to steadily decline ever since?
#5 The Employment Rate
Barack Obama loves to tell us how the unemployment rate is “going down”. But as I will explain later in this article, this decline is primarily based on accounting tricks. Posted below is a chart of the civilian employment-population ratio. Just prior to the last recession, approximately 63 percent of the working age population of the United States was employed. During the recession, this ratio fell to below 59 percent and it stayed there for several years. Just recently it has peeked back above 59 percent, but we are still very, very far from where we used to be, and now the next economic downturn is rapidly approaching.
#6 The Labor Force Participation Rate
So how can Obama get away with saying that the unemployment rate has gone down dramatically? Well, each month the government takes thousands upon thousands of long-term unemployed workers and decides that they have been unemployed for so long that they no longer qualify as “part of the labor force”. As a result, the “labor force participation rate” has fallen substantially since the end of the last recession…
#7 The Inactivity Rate For Men In Their Prime Working Years
If things are “getting better”, then why are so many men in their prime working years doing nothing at all? Just prior to the last recession, the inactivity rate for men in their prime working years was about 9 percent. Today it is just about 12 percent.
#8 Real Median Household Income
Not only is a smaller percentage of Americans employed today than compared to just prior to the last recession, the quality of our jobs has gone down as well. This is one of the factors which has resulted in a stunning decline of real median household income.
I have shared these next numbers before, but they bear repeating. In America today, most Americans do not make enough to support a middle class lifestyle on a single salary. The following figures come directly from the Social Security Administration…
-39 percent of American workers make less than $20,000 a year.
-52 percent of American workers make less than $30,000 a year.
-63 percent of American workers make less than $40,000 a year.
-72 percent of American workers make less than $50,000 a year.
We all know people that are working part-time jobs because that is all that they can find in this economy. As the quality of our jobs continues to deteriorate, the numbers above are going to become even more dismal.
#9 Inflation
Even as our incomes have stagnated, the cost of living just continues to rise steadily. For example, the cost of food and beverages has gone up nearly 50 percent just since the year 2000.
#10 Government Dependence
As the middle class shrinks and the number of Americans that cannot independently take care of themselves soars, dependence on the government is reaching unprecedented heights. For instance, the federal government is now spending about twice as much on food stamps as it was just prior to the last recession. How in the world can anyone dare to call this an “economic recovery”?
So you tell me – are things “getting better” or are they getting worse?
brucefan
EOG Dedicated
Re: The 18,000 Obama Stock Market
Stay on your knees
No shrinkage here
Federal Reserve Balance Sheet Explodes To Within 0.5% Of All-Time High In Just One Week and is located at http://www.valuewalk.com/2015/05/federal-reserve-balance-sheet/.
Stay on your knees
No shrinkage here
Federal Reserve Balance Sheet Explodes To Within 0.5% Of All-Time High In Just One Week and is located at http://www.valuewalk.com/2015/05/federal-reserve-balance-sheet/.
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
Sorry you wasted your time Bruce. If it doesn't fit on a bumper sticker some just can't follow along. We all have to realize its over and try and live a happy life. Liberals are working on destroying everything that would have protected them. It's now only a matter of time before it does hit the fan. It will be of little solace to say I told you so. But give me this opportunity to say, "I told you so."
Sorry you wasted your time Bruce. If it doesn't fit on a bumper sticker some just can't follow along. We all have to realize its over and try and live a happy life. Liberals are working on destroying everything that would have protected them. It's now only a matter of time before it does hit the fan. It will be of little solace to say I told you so. But give me this opportunity to say, "I told you so."
Re: The 18,000 Obama Stock Market
Um, they've been saying the fan was going to get pelted for six years now. Glenn Beck cried, "There will be anarchy in the streets!" Even "fair and balanced" Fox News had to can him. WHEN IS THIS GOING TO HAPPEN . . . WHEN? You promised us this six years ago, can you understand the skepiicism?
Um, they've been saying the fan was going to get pelted for six years now. Glenn Beck cried, "There will be anarchy in the streets!" Even "fair and balanced" Fox News had to can him. WHEN IS THIS GOING TO HAPPEN . . . WHEN? You promised us this six years ago, can you understand the skepiicism?
brucefan
EOG Dedicated
Re: The 18,000 Obama Stock Market
What you don't realize is it's already hit the fan for many many people . Go talk to the guy who lost his full time job, and replaced it with two part time gigs. Talk to the 50 million people who live own food stamps . Talk to the people who who are rioting and looting ( think there're some Anger issues there ? ). Talk to the senior citizen who now has to go back to work, since he can't draw any income from his savings. Talk to the college student choking on enough debt that it seems like he has a mortgage with no house , and working as a waiter .
You see you live in a bubble. You are brainwashed by the effects of printing and spending money, as the rich get richer.
The problem is socialism, and money printing don't work .
These are are the good times, but the heroin is wearing off . Without another dose, we will all be feeling the pain very soon, and the market will not be immune to the downturn in the economy
No worries though. Another war wil be declared shortly, and more QE administered to the dying patient
The problem is this dose will be fatal , as we will face a currency crisis , and or a bond market collapse
You have been warned.
What you don't realize is it's already hit the fan for many many people . Go talk to the guy who lost his full time job, and replaced it with two part time gigs. Talk to the 50 million people who live own food stamps . Talk to the people who who are rioting and looting ( think there're some Anger issues there ? ). Talk to the senior citizen who now has to go back to work, since he can't draw any income from his savings. Talk to the college student choking on enough debt that it seems like he has a mortgage with no house , and working as a waiter .
You see you live in a bubble. You are brainwashed by the effects of printing and spending money, as the rich get richer.
The problem is socialism, and money printing don't work .
These are are the good times, but the heroin is wearing off . Without another dose, we will all be feeling the pain very soon, and the market will not be immune to the downturn in the economy
No worries though. Another war wil be declared shortly, and more QE administered to the dying patient
The problem is this dose will be fatal , as we will face a currency crisis , and or a bond market collapse
You have been warned.
brucefan
EOG Dedicated
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
There's an old saying. One can only win an argument in an intelligent conversation.
There's an old saying. One can only win an argument in an intelligent conversation.
TheGuesser
EOG Dedicated
Re: The 18,000 Obama Stock Market
"Facts are a stubborn Thing"
Keep panicking Brucie baby. When you stop I'll get worried. The more you panic, the higher the markets go. :cheers
Markets | Mon May 18, 2015 6:45pm EDT [h=1]Dow, S&P close at record highs as rate-hike angst abates[/h] By Noel Randewich
<span class="articleLocatio</span>n">The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates.
The S&P 500 .SPX racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to end at 2,129.2 points. The Dow .DJI rose 26.32 points, or 0.14 percent, to end at 18,298.88, beating its previous record close of 18,288.63 from March 2.
U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday.
Slowing economic expansion in recent months, stemming partly from a stronger dollar and sluggish wage growth, has led many investors to push back expectations about when the Fed will begin raising interest rates for the first time since 2006.
"It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia.
Apple's (AAPL.O) shares rose 1.10 percent to $130.19 after Carl Icahn, one of the iPhone maker's top 10 shareholders, said the stock was "still dramatically undervalued" and that it should be trading at $240.
The Nasdaq Composite .IXIC added 30.15 points, or 0.6 percent, to end at 5,078.44.
Apple's rise was the biggest factor for the rise in the three major indexes.
Seven of the 10 major S&P 500 sectors were higher, with the financial index's .SPSY 0.56 percent gain leading the way.
Sentiment got a boost from talk of mergers and acquisitions.
Altera (ALTR.O) rose 5.65 percent to $46.93 after the New York Post reported the company had resumed talks with Intel (INTC.O) on a possible deal. Intel (INTC.O) rose 1.24 percent.
Endo International (ENDP.O) fell 5.37 percent to $80.77 after the generic drugmaker said it would buy privately held Par Pharmaceutical from TPG Capital in a $8.05 billion deal.
Alibaba (BABA.N) fell 1.53 percent after a group of luxury goods makers sued the company on Friday, contending that the Chinese e-commerce giant knowingly made it possible for counterfeiters to sell their products throughout the world.
With Monday's advances, the Dow is up 2.7 percent year to date, the S&P 500 is 3.4 percent higher and the Nasdaq is 7.2 percent stronger.
The S&P now trades at 17 times expected earnings, expensive compared to its 10-year median of 15.
Relatively light trading volume suggests recent gains may not be resilient, especially as the market approaches summer months when many on Wall Street takes time off, said Brunner.
About 5.3 billion shares changed hands on U.S. exchanges, below the 6.4 billion average this month, according to BATS Global Markets.
During the session, advancing issues outnumbered declining ones on the NYSE by 1,577 to 1,428, for a 1.10-to-1 ratio on the upside; on the Nasdaq, 1,719 issues rose and 1,014 fell for a 1.70-to-1 ratio favoring advancers.
The S&P 500 posted 34 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 111 new highs and 39 new lows.
</span>
"Facts are a stubborn Thing"
Keep panicking Brucie baby. When you stop I'll get worried. The more you panic, the higher the markets go. :cheers
Markets | Mon May 18, 2015 6:45pm EDT [h=1]Dow, S&P close at record highs as rate-hike angst abates[/h] By Noel Randewich
<span class="articleLocatio</span>n">The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates.
The S&P 500 .SPX racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to end at 2,129.2 points. The Dow .DJI rose 26.32 points, or 0.14 percent, to end at 18,298.88, beating its previous record close of 18,288.63 from March 2.
U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday.
Slowing economic expansion in recent months, stemming partly from a stronger dollar and sluggish wage growth, has led many investors to push back expectations about when the Fed will begin raising interest rates for the first time since 2006.
"It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia.
Apple's (AAPL.O) shares rose 1.10 percent to $130.19 after Carl Icahn, one of the iPhone maker's top 10 shareholders, said the stock was "still dramatically undervalued" and that it should be trading at $240.
The Nasdaq Composite .IXIC added 30.15 points, or 0.6 percent, to end at 5,078.44.
Apple's rise was the biggest factor for the rise in the three major indexes.
Seven of the 10 major S&P 500 sectors were higher, with the financial index's .SPSY 0.56 percent gain leading the way.
Sentiment got a boost from talk of mergers and acquisitions.
Altera (ALTR.O) rose 5.65 percent to $46.93 after the New York Post reported the company had resumed talks with Intel (INTC.O) on a possible deal. Intel (INTC.O) rose 1.24 percent.
Endo International (ENDP.O) fell 5.37 percent to $80.77 after the generic drugmaker said it would buy privately held Par Pharmaceutical from TPG Capital in a $8.05 billion deal.
Alibaba (BABA.N) fell 1.53 percent after a group of luxury goods makers sued the company on Friday, contending that the Chinese e-commerce giant knowingly made it possible for counterfeiters to sell their products throughout the world.
With Monday's advances, the Dow is up 2.7 percent year to date, the S&P 500 is 3.4 percent higher and the Nasdaq is 7.2 percent stronger.
The S&P now trades at 17 times expected earnings, expensive compared to its 10-year median of 15.
Relatively light trading volume suggests recent gains may not be resilient, especially as the market approaches summer months when many on Wall Street takes time off, said Brunner.
About 5.3 billion shares changed hands on U.S. exchanges, below the 6.4 billion average this month, according to BATS Global Markets.
During the session, advancing issues outnumbered declining ones on the NYSE by 1,577 to 1,428, for a 1.10-to-1 ratio on the upside; on the Nasdaq, 1,719 issues rose and 1,014 fell for a 1.70-to-1 ratio favoring advancers.
The S&P 500 posted 34 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 111 new highs and 39 new lows.
</span>
brucefan
EOG Dedicated
Re: The 18,000 Obama Stock Market
Lol, what positive news is that ? That the market is going up ? Print and borrow enough money and asset prices rise . Until they don't
There is no way out , that's all I'm saying. Enjoy the heroin high, it does what good drugs do, hides the pain
Thats why are heroin dealers at the Fed, can't raise rates, ever . They can barely even talk about 7 years later , in this Obama lead recovery . The problem is the misallocation of resources as
no one can save any money,
companies are all all levered up,
stocks, bonds, and housing remain in bubble territory.
Our country can't grow because government is crowding out any available credit, regulations are choking business, and we have Marxist president that continues to demonize wealth .
1st qtr GDP will be revised to negative, and probably the second qtr as well. Unemployment numbers even with all the part time jobs will begin to rise, and the talk very soon will be not when rates will rise, but how we can "stimulate "more economic growth
Party on
Lol, what positive news is that ? That the market is going up ? Print and borrow enough money and asset prices rise . Until they don't
There is no way out , that's all I'm saying. Enjoy the heroin high, it does what good drugs do, hides the pain
Thats why are heroin dealers at the Fed, can't raise rates, ever . They can barely even talk about 7 years later , in this Obama lead recovery . The problem is the misallocation of resources as
no one can save any money,
companies are all all levered up,
stocks, bonds, and housing remain in bubble territory.
Our country can't grow because government is crowding out any available credit, regulations are choking business, and we have Marxist president that continues to demonize wealth .
1st qtr GDP will be revised to negative, and probably the second qtr as well. Unemployment numbers even with all the part time jobs will begin to rise, and the talk very soon will be not when rates will rise, but how we can "stimulate "more economic growth
Party on
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
My neighbor is having the same type of economic growth. He now has $10,000 in the bank after only having $50 last month. He did borrow on the mortgage on his house for the 3rd time and now owes $5000,000 on a $200,000 home. This is good news though!!!
My neighbor is having the same type of economic growth. He now has $10,000 in the bank after only having $50 last month. He did borrow on the mortgage on his house for the 3rd time and now owes $5000,000 on a $200,000 home. This is good news though!!!
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
One zero tolerance many but it still works to make the point. It's a house of cards.
One zero tolerance many but it still works to make the point. It's a house of cards.
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
Nothing like waking to the sunrise in Calexico!
Nothing like waking to the sunrise in Calexico!
Re: The 18,000 Obama Stock Market
It's kind of like this economy thing. You only consider the negative of a candidate. While i can admit the Clintons come with scandals, they also get things done. I have considered Rubio because he seems like a person who can get things done. However, his stance on war could change my mind.
It's kind of like this economy thing. You only consider the negative of a candidate. While i can admit the Clintons come with scandals, they also get things done. I have considered Rubio because he seems like a person who can get things done. However, his stance on war could change my mind.
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
I have wacky sisters myself
I have wacky sisters myself
scinlincoln
EOG Addicted
Re: The 18,000 Obama Stock Market
Hillary is everything that's wrong with Washington on steroids and you still support her. You really need to check yourself
Hillary is everything that's wrong with Washington on steroids and you still support her. You really need to check yourself