Lucky... 0 #26 September 20, 2009 QuoteThe DOW is no longer relevant to the health of the US economy. Not as directly as before, but you can't totally ignore it. Look at the recent recession, it fell from 12ish to 6's, atthe bottom, then jumped to now almost 10 as we have exited the recession, so it isn't as carbon copy as it has been, but still indicative. The market reflects the health of the rich, the unemp rate reflects the health of the poor. The GDP is the best indicator, always has been since it's inception is the 30's or 40's and still is. Quote Share this post Link to post Share on other sites
rickjump1 0 #27 September 20, 2009 *** The market reflects the health of the rich, the unemp rate reflects the health of the poor. Quote The market reflects the health of EVERYONE who has invested; even the unemployed who held on. Some of Sam Walton's (founder of Walmart) initial investors were the janitors and low paid workers who would have been considered poor. Needless to say, they are no longer poor. You liberals announce everyone as rich or poor when your agenda is to make everyone equally poor. Kind of like your home country Zimbabwe.Do your part for global warming: ban beans and hold all popcorn farts. Quote Share this post Link to post Share on other sites riddler 0 #28 September 20, 2009 QuoteThe DOW is no longer relevant to the health of the US economy. Whatever is in people's minds is the reflection of the state of the economy - more so than ANY fundamentals. This is why Keynes was adamantly against public markets. I lost a project in January, and the customer told me, "If oil gets above $60 again, we'll call you back."Trapped on the surface of a sphere. XKCD Quote Share this post Link to post Share on other sites Lucky... 0 #29 September 20, 2009 QuoteThe market reflects the health of EVERYONE who has invested; even the unemployed who held on. Let's be real, how much do the poor hold? How much do the lowest 80% of all Americans hold? It's like 7% of the cash and 16% of all American asset are held by the lowest 80% - you and me. Do you want me to believe that the market is held and controlled by much of that bottom 80%? I didn't think so. QuoteSome of Sam Walton's (founder of Walmart) initial investors were the janitors and low paid workers who would have been considered poor. Needless to say, they are no longer poor. Thx for letting me know about the founder of Walmart, he's kind of obscure. As for the flowery story, isn't that so representative of America....NOT. Using an aberration to try to sell the notion that people go rags to riches and that the lower 80% has any real control is misleading. QuoteYou liberals announce everyone as rich or poor when your agenda is to make everyone equally poor. In America we have such a classist country, with the distribution of wealth not so far from Communist countries, that we are addressed and privileged by our wealth status; why should I address it dishonestly? QuoteKind of like your home country Zimbabwe. Are you serious? You'll act as if you knew, but that's just a joke, I probably even misspelled it. Quote Share this post Link to post Share on other sites Prev 1 2 Next Page 2 of 2 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0
riddler 0 #28 September 20, 2009 QuoteThe DOW is no longer relevant to the health of the US economy. Whatever is in people's minds is the reflection of the state of the economy - more so than ANY fundamentals. This is why Keynes was adamantly against public markets. I lost a project in January, and the customer told me, "If oil gets above $60 again, we'll call you back."Trapped on the surface of a sphere. XKCD Quote Share this post Link to post Share on other sites
Lucky... 0 #29 September 20, 2009 QuoteThe market reflects the health of EVERYONE who has invested; even the unemployed who held on. Let's be real, how much do the poor hold? How much do the lowest 80% of all Americans hold? It's like 7% of the cash and 16% of all American asset are held by the lowest 80% - you and me. Do you want me to believe that the market is held and controlled by much of that bottom 80%? I didn't think so. QuoteSome of Sam Walton's (founder of Walmart) initial investors were the janitors and low paid workers who would have been considered poor. Needless to say, they are no longer poor. Thx for letting me know about the founder of Walmart, he's kind of obscure. As for the flowery story, isn't that so representative of America....NOT. Using an aberration to try to sell the notion that people go rags to riches and that the lower 80% has any real control is misleading. QuoteYou liberals announce everyone as rich or poor when your agenda is to make everyone equally poor. In America we have such a classist country, with the distribution of wealth not so far from Communist countries, that we are addressed and privileged by our wealth status; why should I address it dishonestly? QuoteKind of like your home country Zimbabwe. Are you serious? You'll act as if you knew, but that's just a joke, I probably even misspelled it. Quote Share this post Link to post Share on other sites
