Dow ends above 14,000 for 1st time si...

Dow ends above 14,000 for 1st time since Oct. 2007

Posted in the Robbinsdale Forum

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#2 Feb 1, 2013
Do you really think that the Dow is an accurate indicator of the overall strength of the US Economy?

Remember this little gem of an action by Timmy Geithner last September?

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September 13, 2012, 12:34 PM

Fed to spend $40Billion a month on bond purchases

(AP) WASHINGON - The Federal Reserve says it will spend $40 billion a month to purchase mortgage-backed securities because the economy is too weak to reduce high unemployment. The Fed says it will keep buying more bonds until the job market shows substantial improvement.

The Fed also extended a plan to keep short-term interest rates at record-low levels through mid-2015. Both steps were announced after the Fed's two-day policy meeting Thursday.

Stocks rose after the Fed announcement. The Dow Jones industrial average was up 15 points for the day just before 12:30 p.m. It surged by 105 points within minutes of the announcement, then gave up some gains to be just 35 points higher.

http://www.cbsnews.com/8301-505123_162-575122... -$40b-a-month-on-bond-purchase s/

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You don't think artificial stimulation like this impacts the Dow?

It sure as hell does impact the price of the DJA.
Amused Slew

Seattle, WA

#3 Feb 1, 2013
I read this somewhere, funny how "stories" change.... Now the guy who claims there's a Sea-Tac Hertz(not) calls Americans low information ???

Trolls/ball sack boi<quoted text> If you can find a flux capacitor, I will travel back in time with Michael J Fox, log in to Topix, and complain about Bush, Sure! You wont catch me defending Bush. He made PLENTY of mistakes.
I have never said Bush didn't make mistakes. I will even admit that they affected Obama's presidency...

IrishMN <quoted text>
When have you ever seen me beating the drum for Bush by saying he did not start diggin us into the hole we are in?
The best thing Bush did was leave office.
We could not afford 4 more years of GWB.....

Yet, ALL of you hypocrite humper bois CRY, whenever we mention ANY Bush culpability !??? WOW ! What a pair.... Mae West would be proud of you boobs ! LMAOROTF !
Ronald

Minneapolis, MN

#4 Feb 1, 2013
Taller they are the harder they fall.

Obama can borrow all the $$ he wants.

Unemployment UP.

Underemployed UP.

Layoffs contiune.

Taxes going UP at every level.

More houses being abandoned every day.

Rich getting richer.

Poor getting poorer.

Millions bailing to SS disability.

Federal borrowing keeps going UP.

There are NO good indications!!

None!
Amused Slew

Seattle, WA

#5 Feb 1, 2013
Has bushwhacker's name changed, he's the guy who put multiple wars on a credit card and lost his RNC spot to a chair...

Heck, they didn't even invite Sr, because of what Jr did to the country...

WHO'RE YOU KIDDING !!!
Amused Slew

Seattle, WA

#6 Feb 1, 2013
Ronald wrote:
Taller they are the harder they fall.
Obama can borrow all the $$ he wants.
Unemployment UP.
Underemployed UP.
Layoffs contiune.
Taxes going UP at every level.
More houses being abandoned every day.
Rich getting richer.
Poor getting poorer.
Millions bailing to SS disability.
Federal borrowing keeps going UP.
There are NO good indications!!
None!
Layoffs "contiune" ?? Oddly, none of the pink slips are from the government ...
Maxamillion

Minneapolis, MN

#7 Feb 2, 2013
Factor in inflation and for the DOW to get to 2007 levels it would need to have hit 20,000 in 2010.

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