Dow hits 4 year high, NASDAQ too. Yay Socialism!!

24

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  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Seeking Alpha wrote:
    When they occur during secular bear markets, cyclical rallies have an average duration of 33 months. Therefore, at a current duration of 38 months, the bull market from 2009 is likely in the final stage of its development.
    even better wrote:
    The last extreme advance from October 2011 has produced a gain of 30 percent during the course of six months and it is highly likely that the next downtrend will be equally violent.
    the bombshell wrote:
    Based upon more than 80 years of data, stocks are now in the riskiest one percentile of all historical observations.
    READ THIS:
    Stock Market Risk Remains At Historic Extreme
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Reality check (look at the GREEN line):
    DJIA, ***INFLATION ADJUSTED***

    dowjones.png
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    DriftingByTheStorm wrote:
    You don't think stock market valuations might be representative of some sort of "bubble" formulated around the greatest period of inflation \ monetary debasement in United States History? (Money Supply Soars to All Time High)

    I'm just saying.
    The price of gold has nearly tripled in the past 5 years, and people are excited that the stock market has risen 35% ?

    Realistically this is actually BAD news, because the stock markets are now bumping their heads along a TOP and traders are sitting there staring at their screens in disbelief going, "shit, i was long. but now ???" ... who in their right mind is going to go LONG at a valuation that is about to exceed the PRE-FINANCIAL-CRISIS highs?

    Does ANYONE think we are in a better spot NOW than we were before the collapse in 2008?
    If you say no ... then, look out below. :(


    At least someone gets it. The Dow number means nothing when the dollar has never been weaker.
  • inlet13
    inlet13 Posts: 1,979
    DriftingByTheStorm wrote:
    Reality check (look at the GREEN line):
    DJIA, ***INFLATION ADJUSTED***

    dowjones.png


    Great chart. I thought about explaining this, but figured it wasn't worth it. The pro-Obama crowd doesn't want to listen to logic, nor do they want to talk economics (not that the other side is any or much better). They think any negatives mentioned regarding the economy is a direct shot at their guy. Obviously, it's much more complicated than one guy. in my humble opinion, they should just put their political pom-poms away, stop saying "forward" and read about how we're about to go backward real fast. The EU house of cards is starting to crumble, and we'll follow suit:

    http://www.zerohedge.com/news/eurosis-back-bang-pmis-collapse-unemployment-surges-record

    Semi-unrelated: I would not be remotely surprised if the Dow and NASDAQ fall by more today, than they each gained yesterday.
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  • polaris_x
    polaris_x Posts: 13,559
    any of you guys read krugman's article on bernanke in the times?
  • inlet13
    inlet13 Posts: 1,979
    polaris_x wrote:
    any of you guys read krugman's article on bernanke in the times?

    No, but I saw the Krugman vs. Ron Paul debate the other day. It was interesting. I'll look up this article now.
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  • inlet13
    inlet13 Posts: 1,979
    http://business.time.com/2012/04/30/battle-of-the-heavy-hitter-economists-krugman-and-bernanke-slug-it-out/?iid=biz-main-mostpop1

    To me, this is what's wrong with the world....

    An uber-Keynesian academic (activist) calling out the most-ultra special Keynesian (the one who's actually putting forth gobs and gobs of Keynesian policy for years)..... for....

    not being Keynesian enough. :fp:
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  • polaris_x
    polaris_x Posts: 13,559
    :lol::lol::lol:

    i thought of you when i read the article ... :lol:
  • usamamasan1
    usamamasan1 Posts: 4,695
    Sell in May and go away.
    Believe in America
    Woot
  • inlet13
    inlet13 Posts: 1,979
    polaris_x wrote:
    :lol::lol::lol:

    i thought of you when i read the article ... :lol:


    :lol:

    I'll be honest, I wish there was an outspoken economist on the Austrian side like Krugman. I think I pretty much disagree with Krugman on most issues, but I'll give him credit for engaging in the policy debate.... that's rare for economists.
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  • Shawshank
    Shawshank Posts: 1,018
    What I love is how people still rely on the stock market as an indicator of how we are doing economically. Hey, the stock market is soaring, I must be doing better...right?
  • mikepegg44
    mikepegg44 Posts: 3,353
    inlet13 wrote:
    polaris_x wrote:
    :lol::lol::lol:

    i thought of you when i read the article ... :lol:


    :lol:

    I'll be honest, I wish there was an outspoken economist on the Austrian side like Krugman. I think I pretty much disagree with Krugman on most issues, but I'll give him credit for engaging in the policy debate.... that's rare for economists.
    http://www.youtube.com/watch?v=BcuAOdXD0Go&feature=youtu.be

    I think this is as close as you are going to get
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • polaris_x
    polaris_x Posts: 13,559
    i just find it funny that all this gloom and dread is backed by record profits by major corporations and huge executive bonuses ...
  • inlet13
    inlet13 Posts: 1,979
    mikepegg44 wrote:
    inlet13 wrote:
    polaris_x wrote:
    :lol::lol::lol:

    i thought of you when i read the article ... :lol:


    :lol:

    I'll be honest, I wish there was an outspoken economist on the Austrian side like Krugman. I think I pretty much disagree with Krugman on most issues, but I'll give him credit for engaging in the policy debate.... that's rare for economists.
    http://www.youtube.com/watch?v=BcuAOdXD0Go&feature=youtu.be

    I think this is as close as you are going to get


    Yup. For now. That's as good as we can get. And I love RP, but I don't think he's quite as articulate as he once was. His ideas are right on. But, unfortunately, in these cross-fire type situations, you need to be as articulate as possible. That's not saying Krugman is articulate either.... he stutters often, but I always think that's because he knows his policy suggestions are misguided and he may have trouble lying to people's faces.
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  • Wobbie
    Wobbie Posts: 31,410
    Shawshank wrote:
    What I love is how people still rely on the stock market as an indicator of how we are doing economically. Hey, the stock market is soaring, I must be doing better...right?

    I totally "get" that the DJA is not a good indicator of how most people are doing. That said, I worked a lot of years, invested some money and was watching my nest egg slip away in late 2008. For what it's worth, I'm one non-rich guy who is very glad the DJA came back....
    If I had known then what I know now...

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  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    polaris_x wrote:
    any of you guys read krugman's article on bernanke in the times?

    Like Inlet, I SHRUG\WINCE at even the thought of this.
    I'm not sure I can bring myself to read it.
    It seems so ridiculous on the face.

    PS. whomever said it, it is NOT rare for KRUGMAN to weigh in on a policy debate.
    It's like his privately assigned REAL job ... to engage the PUBLIC in a policy debate, weighted to the side of what the establishment wants. Want Ron Paul crushed? Get Krugman to argue he is an idiot. Need more inflation? Have Krugman argue Bernake isn't creative enough. Economy absolute shit, but you want some positive spin? Get Krugman to argue against the naysayers. I mean, he is like fucking clockwork. I can't stand that ass clown.
    usamamasan1 wrote:
    Sell in May and go away.
    Believe in America
    Woot
    I know this is probably humor, but NOT gonna HAPPEN.
    Gold just TOOK IT ON THE CHIN on the 30th
    (gold shakes off 1.24 billion dollar "Fat Finger" trade)

    I mean ... 7500 contract sell order worth 1.24 billion dollars TRIGGERS 10 SECOND SHUT OFF IN MARKET ... and within a few hours gold had absorbed the ENTIRE loss.

    The large commercial banks are about to get their asses burned if they don't cut some of their shorts. Metals are still hot and primed, just waiting for some of this ridiculous manipulative activity to get out of its way.

    Also, the Comex remains fairly close to default on delivery if current orders for delivery continue at this pace or accelerate (which they sure as fuck will if\when prices rise). Something like 6 months inventory of registered silver left at the exchange. JP Morgan recently pushing over 5million tons from "eligible" in order to "help out", i reckon.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    inlet13 wrote:
    but I always think that's because he knows his policy suggestions are misguided and he may have trouble lying to people's faces.

    i get this too.

    This is one of the major difference i peg between Bernanke and Krugman.
    I truly think Bernanke thinks he is doing gods work. You can see it in his responses before congress when Ron Paul tries to call him out. He may stutter because he is hard pressed to articulate the best & most polite response possible to loaded questions, but he seems to BELIEVE his answers. ("yes, sir. but our mandate says ... blah blah blah") ... KRUGMAN on the other hand, has this wily gleam in his eye, and he has this "lying to mama" face that drives me fucking nuts. His demeanor betrays that he knows he is a goddamn shill.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    polaris_x wrote:
    i just find it funny that all this gloom and dread is backed by record profits by major corporations and huge executive bonuses ...

    i don't really find it funny.
    to me it is kind've sad, and deranged.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • polaris_x
    polaris_x Posts: 13,559
    DriftingByTheStorm wrote:
    i don't really find it funny.
    to me it is kind've sad, and deranged.

    well ... it wasn't funny in a haha kinda way ... it was funny in a weird kinda way ... i just find it weird that you guys like to target "big gov't" as the problem when to me - the gov't whether big or small is simply the arm by which corporations control the nature of the game ... the economy is in a tank yet all the big boys are raking it in ... the game is fixed and it has nothing to do with the gov't ... well, not in the eyes of this treehugger ...
  • inlet13
    inlet13 Posts: 1,979
    polaris_x wrote:
    DriftingByTheStorm wrote:
    i don't really find it funny.
    to me it is kind've sad, and deranged.

    well ... it wasn't funny in a haha kinda way ... it was funny in a weird kinda way ... i just find it weird that you guys like to target "big gov't" as the problem when to me - the gov't whether big or small is simply the arm by which corporations control the nature of the game ... the economy is in a tank yet all the big boys are raking it in ... the game is fixed and it has nothing to do with the gov't ... well, not in the eyes of this treehugger ...


    I can only speak for myself, but I don't think corporations are, in and of themselves, inherently evil (maybe not best word). In fact, I think they are good. Sure, certain people who run corporations are evil (again word choice). But, on a whole, they are a good thing. I mean evil people exist, whether they work for corporations or not. Corporations, on a whole, are good because they provide jobs and goods and services.

    Meanwhile, I also don't think government is fundamentally evil. There's a role for government. But, I actually think govt has more power than corporations to be evil and create pervasive problems with "evil" throughout society. So, here it is... once government becomes too big in a "capitalistic-type society", I think it not only perpetuates corruption within government itself, but also perpetuates corruption through special interests to other players.... investors, corporations, etc. Of course, some would argue the "capitalistic-type society" is to blame... but, from my vantage point, as you move away from that capitalistic-type society the big government necessarily becomes more totalitarian (eats up more and more power and economic control), which is also bad.

    Either way you look at it, big government = bad... and the root of the problem.
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