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since we're all big into Wall Street, it may interest you to know...

Discussion in 'Sports and News' started by Starman, Feb 27, 2007.

  1. BTExpress

    BTExpress Well-Known Member

    Yes, let's look at the long-term picture.

    Over the past seven years, the Dow is up . . . 10 percent.

    Over the past seven years, the S&P is up . . . 7 percent

    Over the past seven years, the Nasdaq is down . . . 50 percent.

    About as lousy a stretch as we have seen in a while.
     
  2. Freelance Hack

    Freelance Hack Active Member

    Gas shot up 30 cents -- or roughly 15 percent -- today.

    Paid $2.55/gal this afternoon. En route home, I saw a station that was showing $2.25 and the cars were lined up eight to a pump.
     
  3. fmrsped

    fmrsped Active Member

    I hope this doesn't sound insensitive, but THAT's what I love to see. I know for people who drive a crapload to work every day it sucks, but Jane Doe lining up for $2.25 gasoline cracks me up.

    Hey, Jane. Filling your 13-gallon tank is going to cost you $4 more now! What ever will you do?!?!

    I guess my point is that I for one will never wait in line for gas if it means I can wait for zero time and pay $4 more.
     
  4. Twoback

    Twoback Active Member

    You can't be serious, right?
    Dow nearly gets to 12,800, and all the socialists claim that we've got a crap economy. One bad day in the market, and suddenly it's W's fault. Nope. You don't get that one. He's too busy messing up foreign policy to foul up the edonomy.
     
  5. Twoback

    Twoback Active Member

    The yield curve has been inverted for something like three years.
     
  6. three_bags_full

    three_bags_full Well-Known Member

    Dow is up 327 percent since Jan. 1990.

    In other news, Starman.

    Symbol Last Change
    Dow 12,323.99 107.75 (0.88%)

    I hear those crows.
     
  7. EStreetJoe

    EStreetJoe Well-Known Member

    In other words, the Dow has already regained about 25% of what it lost yesterday and should continue in positive territory for the forseeable future based on Bernacke's comments today.
     
  8. three_bags_full

    three_bags_full Well-Known Member

    Exactamundo!
     
  9. FishHack76

    FishHack76 Active Member

    Unfortunately, the Dow Jones has nothing to do with the money in most people's wallets or most people in this country for that matter. That is, other than its performance has become relevant only because companies are now slaves to Wall Street instead of giving those guys (and shareholders) the finger and running their companies the right way.
    The stock market is going to implode some time down the road, mark my words. You can't keep cutting jobs and laying off people and then make ridiculous profit expectations (unless you're with an oil company). There's going to come an endgame.
    It's a matter of symbiosis. If Man A doesn't have a job, he doesn't have money to buy products from Company B. Therefore, Company B's profits suffer, and Company B can't buy whatever Company A makes. Therefore, Company A's profits suffer and so on and so on down the line.
     
  10. three_bags_full

    three_bags_full Well-Known Member

    That's a little out there, isn't it? When stock prices of the companies traded on any exchange rise, there's an increase in wealth -- there's absolutely more money in my pocket. And companies should be slave to thier shareholders because the shareholders provide the capital (except that raised by a debt issue).
     
  11. BTExpress

    BTExpress Well-Known Member

    The next time we elect a knuckledragger president, I'm going to plow every cent into defense-related stocks.
     
  12. Starman

    Starman Well-Known Member

    Bush is still a fucking idiot, just like his shithead father and imbecile Uncle Ronnie. Runs in the family.
     
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