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Dow up!!!!

Steve

Well-known member
TSR said:
Well if I was running for pres. I think I would. But I'm not running.

then you would lose


the candidates can try to explain the facts,. or give an inspirational speech.. the facts are in front of the voters.. and most know that it is not as rosy as it looks..

Obama has shifted his tone to inspirational. and is ignoring any and all facts..

for all those voters who know it hasn't gotten better, his optimism will crash into reality.. for those still out of work and facing a tough future Obama is going to have trouble convincing them he made things better..

and if a republican is offering a better picture of the future.. vs rehashing the bad times.. he may inspire enough people to vote for him..
 

Steve

Well-known member
Oldtimer said:
Updated 5:16 pm ET Feb 16 My quotes
Indexes Dow 12,904.08 (+0.96 %) +123.13
Nasdaq 2,959.85 (+1.51 %) +44.02
S&P 1,358.04 (+1.10 %)

..13,000 is next Dow milestone, with record in sight
Dow within reach of 13,000, and an all-time high isn't far beyond; 'the mood is just better'

By Christina Rexrode, AP Business Writer | Associated Press – Wed, Feb 8, 2012 6:17 AM EST


NEW YORK (AP) -- It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession.

Now the Dow is within reach of the rarefied 13,000 mark — a level it hasn't seen since May 2008, four months before the financial system almost came apart.

A strong one-day rally — caused by a deal on bailout money for Greece, perhaps, or an unexpectedly positive economic report — could put it over the top.

What's more, the average is just a 10 percent rally from an all-time high. And 10 percent rallies can happen fast these days.

The stomach-turning summer is a bad memory. Europe appears to be getting its act together, last summer's downgrade of the U.S.' credit rating was quickly forgotten, Washington is mostly behaving, and recession fears are gone.

"There are signs that the economy is getting back on its feet and the market is reacting to that," says John Prestbo, executive director of Dow Jones Indexes. "The mood is just better in this country than it has been for a while."

On Wall Street, too. The Dow traded Tuesday at 12,878, a 21 percent rally from Oct. 3, its low point for last year. In January, the average rose more or less in a straight line and added 3.4 percent, its best start to a year since 1997.

From here, the record is tantalizingly close — 14,164.53, reached Oct. 9, 2007, when the investment houses Bear Stearns and Lehman Brothers still existed and the unemployment rate was 4.7 percent.

A 10 percent surge may seem like a lot, but it's really not. The Dow has gained almost 15 percent since Nov. 25, just 10 weeks ago.

Though there's a long way to go to get the country back to economic health, there are pockets of encouragement. Unemployment is still 8.3 percent, but it's the lowest since February 2009. Economic output grew every quarter last year.

Corporate earnings growth has slowed, but analysts think it will pick up again later this year. Investors, always wary of uncertainty, may even be encouraged by some clarity in the Republican presidential nominating race.

Investors are no longer just trying to stem their losses, says Mark Lehmann, president of JMP Securities in San Francisco: "They're playing a little offense. Six months ago, they were playing defense."

There's evidence that the rally has room to run. In a popular measure of how expensive stocks are, the 30 companies that make up the Dow are trading at an average of about 13 times their annual earnings per share.

The last time the Dow was at 13,000, in May 2008, stocks were trading for about 15 times earnings. Stock-market research firm Birinyi Associates estimates Dow stocks have traded at an average of 16 times earnings over the past two decades.

The fire-sale discounts have already come and gone, though. Those were back in early 2009, when the Dow bottomed at 6,547.05, its Great Recession low — a little more than half the level now. Back then, Dow stocks traded at nine times earnings.

The naysayers hoping to find a way to make the country fail rather than have Obama relelected-- better go find another way to bankrupt the country or Obama may get a walk in for 4 more years...

around here the Dow could hit 15000 and it wouldn't matter much as there is little work and even fewer jobs..

I have friend who just cashed in his retirement.. he hope to pay off his mortgage and hopefully get through till it gets better.. it was either that or lose the house.. he not only scraped the Obama sticker off the car, but watched the bank tow it off.. and he isn't alone..
 
A

Anonymous

Guest
Steve said:
Oldtimer said:
Updated 5:16 pm ET Feb 16 My quotes
Indexes Dow 12,904.08 (+0.96 %) +123.13
Nasdaq 2,959.85 (+1.51 %) +44.02
S&P 1,358.04 (+1.10 %)

..13,000 is next Dow milestone, with record in sight
Dow within reach of 13,000, and an all-time high isn't far beyond; 'the mood is just better'

By Christina Rexrode, AP Business Writer | Associated Press – Wed, Feb 8, 2012 6:17 AM EST


NEW YORK (AP) -- It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession.

Now the Dow is within reach of the rarefied 13,000 mark — a level it hasn't seen since May 2008, four months before the financial system almost came apart.

A strong one-day rally — caused by a deal on bailout money for Greece, perhaps, or an unexpectedly positive economic report — could put it over the top.

What's more, the average is just a 10 percent rally from an all-time high. And 10 percent rallies can happen fast these days.

The stomach-turning summer is a bad memory. Europe appears to be getting its act together, last summer's downgrade of the U.S.' credit rating was quickly forgotten, Washington is mostly behaving, and recession fears are gone.

"There are signs that the economy is getting back on its feet and the market is reacting to that," says John Prestbo, executive director of Dow Jones Indexes. "The mood is just better in this country than it has been for a while."

On Wall Street, too. The Dow traded Tuesday at 12,878, a 21 percent rally from Oct. 3, its low point for last year. In January, the average rose more or less in a straight line and added 3.4 percent, its best start to a year since 1997.

From here, the record is tantalizingly close — 14,164.53, reached Oct. 9, 2007, when the investment houses Bear Stearns and Lehman Brothers still existed and the unemployment rate was 4.7 percent.

A 10 percent surge may seem like a lot, but it's really not. The Dow has gained almost 15 percent since Nov. 25, just 10 weeks ago.

Though there's a long way to go to get the country back to economic health, there are pockets of encouragement. Unemployment is still 8.3 percent, but it's the lowest since February 2009. Economic output grew every quarter last year.

Corporate earnings growth has slowed, but analysts think it will pick up again later this year. Investors, always wary of uncertainty, may even be encouraged by some clarity in the Republican presidential nominating race.

Investors are no longer just trying to stem their losses, says Mark Lehmann, president of JMP Securities in San Francisco: "They're playing a little offense. Six months ago, they were playing defense."

There's evidence that the rally has room to run. In a popular measure of how expensive stocks are, the 30 companies that make up the Dow are trading at an average of about 13 times their annual earnings per share.

The last time the Dow was at 13,000, in May 2008, stocks were trading for about 15 times earnings. Stock-market research firm Birinyi Associates estimates Dow stocks have traded at an average of 16 times earnings over the past two decades.

The fire-sale discounts have already come and gone, though. Those were back in early 2009, when the Dow bottomed at 6,547.05, its Great Recession low — a little more than half the level now. Back then, Dow stocks traded at nine times earnings.

The naysayers hoping to find a way to make the country fail rather than have Obama relelected-- better go find another way to bankrupt the country or Obama may get a walk in for 4 more years...

around here the Dow could hit 15000 and it wouldn't matter much as there is little work and even fewer jobs..

I have friend who just cashed in his retirement.. he hope to pay off his mortgage and hopefully get through till it gets better.. it was either that or lose the house.. he not only scraped the Obama sticker off the car, but watched the bank tow it off.. and he isn't alone..

And Steve that scenerio was repeated over and over across the nation with working folks with the Bush Bust... It is sad.....I'm just thankful I saw what GW was doing to the country and was able to pull my deferred comp money out (altho I was penalized because of early withdrawl- I saved much of it)-- but on the other hand my wifes retirement from work was in an account she couldn't- and was hit hard (altho it is recovering now)....
 

Lonecowboy

Well-known member
Thomas Jefferson :

If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
 

Larrry

Well-known member
CBO: Longest Period of High Unemployment Since Great Depression
CBO: U.S. enduring the longest period of high unemployment since the Great Depression
By Alex M. Parker

February 16, 2012 RSS Feed Print After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

[Dems Tout GOP Payroll Tax Plan as Political Victory.]

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

[Virginia is for Lovers—and Politicos.]

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.


CBO: Longest Period of High Unemployment Since Great Depression
CBO: U.S. enduring the longest period of high unemployment since the Great Depression
By Alex M. Parker

February 16, 2012 RSS Feed Print After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

[Dems Tout GOP Payroll Tax Plan as Political Victory.]

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

[Virginia is for Lovers—and Politicos.]

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.

http://www.usnews.com/news/articles/2012/02/16/cbo-longest-period-of-high-unemployment-since-great-depression
 

Tam

Well-known member
Larrry said:
CBO: Longest Period of High Unemployment Since Great Depression
CBO: U.S. enduring the longest period of high unemployment since the Great Depression
By Alex M. Parker

February 16, 2012 RSS Feed Print After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

[Dems Tout GOP Payroll Tax Plan as Political Victory.]

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

[Virginia is for Lovers—and Politicos.]

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.


CBO: Longest Period of High Unemployment Since Great Depression
CBO: U.S. enduring the longest period of high unemployment since the Great Depression
By Alex M. Parker

February 16, 2012 RSS Feed Print After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

[Dems Tout GOP Payroll Tax Plan as Political Victory.]

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

[Virginia is for Lovers—and Politicos.]

"The stimulus is a stark reminder of how the president got the policies he wanted, and how those policies have failed the American people and are making things worse," said Texas Republican Rep. Jeb Hensarling.

http://www.usnews.com/news/articles/2012/02/16/cbo-longest-period-of-high-unemployment-since-great-depression

WHAT :shock: the stimulus package was a failure :shock: But Oldtimer told us it was a raving success as cattle prices in Montana are great? :???:
 

okfarmer

Well-known member
Oldtimer said:
Updated 5:16 pm ET Feb 16 My quotes
Indexes Dow 12,904.08 (+0.96 %) +123.13
Nasdaq 2,959.85 (+1.51 %) +44.02
S&P 1,358.04 (+1.10 %)

..13,000 is next Dow milestone, with record in sight
Dow within reach of 13,000, and an all-time high isn't far beyond; 'the mood is just better'

By Christina Rexrode, AP Business Writer | Associated Press – Wed, Feb 8, 2012 6:17 AM EST


NEW YORK (AP) -- It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession.

Now the Dow is within reach of the rarefied 13,000 mark — a level it hasn't seen since May 2008, four months before the financial system almost came apart.

A strong one-day rally — caused by a deal on bailout money for Greece, perhaps, or an unexpectedly positive economic report — could put it over the top.

What's more, the average is just a 10 percent rally from an all-time high. And 10 percent rallies can happen fast these days.

The stomach-turning summer is a bad memory. Europe appears to be getting its act together, last summer's downgrade of the U.S.' credit rating was quickly forgotten, Washington is mostly behaving, and recession fears are gone.

"There are signs that the economy is getting back on its feet and the market is reacting to that," says John Prestbo, executive director of Dow Jones Indexes. "The mood is just better in this country than it has been for a while."

On Wall Street, too. The Dow traded Tuesday at 12,878, a 21 percent rally from Oct. 3, its low point for last year. In January, the average rose more or less in a straight line and added 3.4 percent, its best start to a year since 1997.

From here, the record is tantalizingly close — 14,164.53, reached Oct. 9, 2007, when the investment houses Bear Stearns and Lehman Brothers still existed and the unemployment rate was 4.7 percent.

A 10 percent surge may seem like a lot, but it's really not. The Dow has gained almost 15 percent since Nov. 25, just 10 weeks ago.

Though there's a long way to go to get the country back to economic health, there are pockets of encouragement. Unemployment is still 8.3 percent, but it's the lowest since February 2009. Economic output grew every quarter last year.

Corporate earnings growth has slowed, but analysts think it will pick up again later this year. Investors, always wary of uncertainty, may even be encouraged by some clarity in the Republican presidential nominating race.

Investors are no longer just trying to stem their losses, says Mark Lehmann, president of JMP Securities in San Francisco: "They're playing a little offense. Six months ago, they were playing defense."

There's evidence that the rally has room to run. In a popular measure of how expensive stocks are, the 30 companies that make up the Dow are trading at an average of about 13 times their annual earnings per share.

The last time the Dow was at 13,000, in May 2008, stocks were trading for about 15 times earnings. Stock-market research firm Birinyi Associates estimates Dow stocks have traded at an average of 16 times earnings over the past two decades.

The fire-sale discounts have already come and gone, though. Those were back in early 2009, when the Dow bottomed at 6,547.05, its Great Recession low — a little more than half the level now. Back then, Dow stocks traded at nine times earnings.

The naysayers hoping to find a way to make the country fail rather than have Obama relelected-- better go find another way to bankrupt the country or Obama may get a walk in for 4 more years...

The market is the market, people are trying to make a buck before the next crash. Most analysts feel there is a crash coming this year. Some feel it may drop 80 to 90%. If you listen, most highly recommend you have at least 25% of your portfolio in some type of gold security.

Are you going to claim responsibility when that happens, or are you going to pull the old obama gig of only claiming responsibility for the positive.

Stocks feed off of perceived news of employment, housing, ect..., they don't create employment or a housing market.

I like Obama's altered reality. I rode several stocks up in the housing sector and bailed out just before they reported the real world numbers of how business is actually doing and then watched them drop like a rock.

I doubt the O culters realized their messiah was full of it.
 

hopalong

Well-known member
Yea great cattle prices.......
Also GREAT fuel prices.......
Great prices on tires too...And great prices on supplements as well,,, penciled out on paper is not as great as those touting the Dollars they are getting for their stock, but let them live in their little world where they wear rose colored glasses and think it is all well :roll:
 

TSR

Well-known member
Steve said:
TSR said:
Well if I was running for pres. I think I would. But I'm not running.

then you would lose


the candidates can try to explain the facts,. or give an inspirational speech.. the facts are in front of the voters.. and most know that it is not as rosy as it looks..

Obama has shifted his tone to inspirational. and is ignoring any and all facts..

for all those voters who know it hasn't gotten better, his optimism will crash into reality.. for those still out of work and facing a tough future Obama is going to have trouble convincing them he made things better..

and if a republican is offering a better picture of the future.. vs rehashing the bad times.. he may inspire enough people to vote for him..

I certainly think that most believe it isn't as rosy as it looks,question is, where do they place the blame? The President's popularity has risen recently while Congress' is terrible. Even the current administration says the economy is still fragile. The other day on tv a spokesman said the unemployment rate is likely to rise again next yr. the administration didn't deny this likelihood.

I agree also that a large part of a candidate's success will depend on who can paint a better picture of the future, short of some major catastrophy attributed to one of the candidates. Right now according to Rasmussen polling, Obama beats the top three GOP contenders. How can this be if all those people out of work etc. are part of the polling process? Having said all this, I certainly would like to see 3 candidates up in front of America painting those pictures,trying to get votes.
 

hypocritexposer

Well-known member
“On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy . . . your main constituencies are your employees, your customers and your products. Managers and investors should not set share price increases as their overarching goal . . . Short-term profits should be allied with an increase in the long-term value of a company.”

Jack Welch


http://news.yahoo.com/maximizing-shareholder-value-dumbest-idea-world-181951944.html
 

Steve

Well-known member
hypocritexposer said:
TSR, why haven't you brought this to the top, in the last few days?

Wall Street stocks on track for fifth straight day of
losses

Wall Street stocks extended their recent losing streak on Tuesday, stung by worries about slowing U.S. job growth,

Signs of a cooling U.S. recovery after Friday's release of disappointing data on jobs creation in March,

"The bad news on employment brought about more doubt about
the global recovery and how vulnerable we are to the double-dip

around here the Dow could hit 15000 and it wouldn't matter much as there is little work and even fewer jobs..

for those still out of work and facing a tough future Obama is going to have trouble convincing them he made things better..
 

smalltime

Well-known member
Good quote lonecowboy.But people seldom stop talking to listen let alone comprehend.Ron Paul has stopped and listened.He comprehends.
 

hypocritexposer

Well-known member
smalltime said:
Good quote lonecowboy.But people seldom stop talking to listen let alone comprehend.Ron Paul has stopped and listened.He comprehends.

Yes, it's a good quote, but one question?

Were the banks issuing money back in Jefferson's day, or was it after 1913?

The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

Which banks was he talking about?


The first dollar coins issued by the United States Mint (founded 1792) were similar in size and composition to the Spanish dollar. The Spanish, U.S. silver dollars, and Mexican silver pesos circulated side by side in the United States, and the Spanish dollar and Mexican peso remained legal tender until 1857.


The amount in circulation also matched the economy/GDP
 

hypocritexposer

Well-known member
It looks like the only other banks, that existed during Jefferson's days were State chartered banks. But most of the currency would have been issued by a Nationally owned bank


A New Nation: 1775-1790

To finance the American Revolution, the Continental Congress printed the new nation's first paper money. Known as "continentals," the notes were originally intended to be redeemable on demand in specie. However, the congress reneged on its promise and issued notes in such quantity that they led to inflation, which, though mild at first, rapidly accelerated as the war progressed. Eventually, people lost faith in the notes, and the phrase "not worth a continental" came to mean "utterly worthless."


The First Bank of the United States: 1791-1811

The Constitution itself prohibited state governments from issuing their own currency. The Bank of the United States was conceived in 1790 to deal with the war debt and to put the government on sound financial footing. It was intended to help fund the government's debt and issue currency notes. Hamilton, then President George Washington's Treasury secretary, was the architect of the Bank, which he modeled after the Bank of England.

The Bank was to have start-up capital of $10 million, financed by selling stock. This was quite a large sum at the time. The federal government would own $2 million, giving it substantial control, with the remainder owned by private investors. In addition to the main office in Philadelphia, the Bank had eight branches, one in each of the nation's major cities.

Though the intent of the Bank was to facilitate government finances, Hamilton had another goal in mind—to function as a commercial bank. At the time of the revolution, there were barely any banks in the colonies; Britain had used its authority to protect its own banks and prevent the development of financial rivals.


The Second Bank of the United States: 1816-1836

With the War of 1812, federal debt began to mount again. At the same time, most state-chartered banks, which were issuing their own currency, suspended specie payments. So public opinion again became favorable toward the idea of a national bank, and Congress chartered a new one, charged primarily with promoting a uniform currency by getting banks to resume specie payments.

http://www.minneapolisfed.org/community_education/student/centralbankhistory/bank.cfm
 

Mike

Well-known member
Everyone needs to read "The Creature From Jekyll Island".

http://www.youtube.com/watch?v=7auQEXTWomA


P.S. Bernanke has admiited that the "Fed" is propping up the Dow.
 

Lonecowboy

Well-known member
The First Bank of the United States was a central bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. Establishment of the Bank was included in a three-part expansion of federal fiscal and monetary power (along with a federal mint and excise taxes) championed by Alexander Hamilton, first Secretary of the Treasury. Hamilton believed a central bank was necessary to stabilize and improve the nation's credit, and to improve handling of the financial business of the United States government under the newly enacted Constitution.

Officially proposed to the first session of the First Congress in 1790, Hamilton's Bank faced widespread resistance from opponents of increased federal power. Secretary of State Thomas Jefferson and James Madison led the opposition, which claimed that the bank was unconstitutional, and that it benefited merchants and investors at the expense of the majority of the population.
 

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