• DOW JONES to go over 13,000 points in the next week.
    21 replies, posted
[quote]U.S. stocks are opening higher and the Dow Jones industrial average is nearing 13,000 after Greece secured a bailout deal to keep it from default. The Dow is up 25 points to 12,975. It came within 17 points of 13,000 just after the open. The Dow hasn't been at 13,000 since the pre-financial crisis days of May 2008. The broader Standard & Poor's 500 is up three at 1,364. The Nasdaq composite index is up four at 2,956. The Greek deal didn't have the same effect on European markets, which are down. The U.S. has the advantage of strong earnings reports from several big-name companies, including Home Depot, Dollar Thrifty rental car and Macy's. The weak spot was Wal-Mart, which missed expectations on revenue and per-share earnings.[/quote] [url]http://abcnews.go.com/Business/wireStory/us-stock-futures-higher-greek-bailout-deal-15756871[/url] Looks like the economy is rebuilding
Guess that means bankers gonna get a damn huge bonus while more and more become poor, I see how the econemy is fixing, really.
I can't help but wonder how this will affect the next presidential election.
That bodes well for me. An improving economy means I might actually be able to find someone who will hire me.[QUOTE=Master X;34802548]I can't help but wonder how this will affect the next presidential election.[/QUOTE] It's gonna hurt the GOP. If an election year economy improves it always benefits the incumbent.
Nooooo the economy is bad Obama ruined it we need less socialism vote Republican 2012.
cool when will this affect me by increasing wages or lowering prices of things
[QUOTE=Trogdon;34802719]cool when will this affect me by increasing wages or lowering prices of things[/QUOTE] no man economy is everything who cares about living standards when your industry is boooominggg!!11111
Sweet hopefully this will make the import prices of ding dongs and twinkies go down so i can save some money.
It should hit 13,000 by today or so it seems
And the rich get a little richer.
[QUOTE=Wizard of Ass;34802522]Guess that means bankers gonna get a damn huge bonus while more and more become poor, I see how the econemy is fixing, really.[/QUOTE] If the economy is getting back on track doesn't that mean that employment will also go up?
It hit 13,000 for a moment then dipped down a few points, but hey, it helps.
The Fox News radio is furiously trying to discredit this, or say it's not the president's doing. Which is funny since you can't argue both.
and then greece's issues will rear their ugly head again and the economy will go back to shit for some reason
[QUOTE=The Baconator;34803806]The Fox News radio is furiously trying to discredit this, or say it's not the president's doing. Which is funny since you can't argue both.[/QUOTE] It probably isn't the presidents doing honestly. The president doesn't have to anything at all for the economy to go up and down like it has been.
[QUOTE=Meller Yeller;34804422]It probably isn't the presidents doing honestly. The president doesn't have to anything at all for the economy to go up and down like it has been.[/QUOTE] I mean, he has [i]some[/i] to do with the economy, but I would agree that it's not anywhere near as much as people think he does.
Suddenly it goes up near the end of his term. Hmmmmmmm...
The Jones always wins. Its always good to know someone called Jones wink wink
[QUOTE=Master X;34804541]I mean, he has [i]some[/i] to do with the economy, but I would agree that it's not anywhere near as much as people think he does.[/QUOTE] But the more uninformed undecided voters will THINK he has a lot to do with it, and that's what matters.
Yay I have tons of DJI's. This is extra money for me.
[QUOTE=lulzbocksV2;34802688]Nooooo the economy is bad Obama ruined it we need less socialism vote Republican 2012.[/QUOTE] Well you see actually we're still feeling the economic effects of the last administration so Bush/Cheney 2012.
One can find it puzzling that while the DOW is now reaching the same levels as before the crisis, the beneficial effect has not hit main street. Liquidity problems is killing every single small company which relies on some form of credit during off-season work, when the demand is not high enough to pay for the wages in the winter, but which comes back during summer. At the moment I can get more personal credit than my dad can. And he owns his own company! It's insane. I can, without having a regular income, get credit for more than my dad. He told the bank of this paradox, to which they said: Your son is more valuable as a customer than you. By this, he of course meant that I would live longer than my dad and earn them more money in the long run.
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