teamosil
DP Veteran
- Joined
- Oct 17, 2009
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Woot. Way to go everybody.
Positive news out of the Euro zone, and rosier than expected payroll surveys here at home.Now why is that, why have stocks gained? Do you have any idea? Companies are not hiring, unemployment over 8% for over 42 months, companies are not growing, GDP at 1.5%. So why are their stock price improving?
Now why is that, why have stocks gained? Do you have any idea? Companies are not hiring, unemployment over 8% for over 42 months, companies are not growing, GDP at 1.5%. So why are their stock price improving?
The NASDAQ closed today at 3,135. That is the highest level it has closed at since before Bush took office.
Nasdaq Reaches Highest Level Since 2000 On Major ECB Decision
Are you trying to give obama credit for this? Are you trying to say it is because our economy is doing so good? :lamo
Ah, so the 1 percent are making a killing.
You guys are funny.
You guys are funny. When there is bad economic news, that's Obama's fault. But when there is good economic news, that is not. When the 1% takes a hit, you cry about "job creators", but when things go well for them, you say "whatever, who cares about the 1%". It has nothing to do with reason, it's just blind partisanship. It has to be one way or the other. Either you care about the wealth of the 1% or you don't. Either you think the president bears some responsibility for the economy or the don't. You can't just pick and choose which way to go each time based on whether it supports your side or the other side.
Now why is that, why have stocks gained? Do you have any idea? Companies are not hiring, unemployment over 8% for over 42 months, companies are not growing, GDP at 1.5%. So why are their stock price improving?
the stock market is a piss-poor, nearly meaningless method of gauging the strength of the real economy, but i guess most of you guys already knew that.
Tea before you make an even bigger fool of yourself check out what happened in Europe today, that's what the market is reacting to.
Companies' stock goes up when they make money or people think they are going to make money, and companies making money is supposed to be the key to many conservative arguments on the economy. I don't know about you personally so I won't lump you in. But this kind of profit growth is supposed to be whats going to bring about a change in the unemployment rate, but the economy is growing at a rate faster than unemployment is dropping so obliviously there is more to it than that.
Its still good news though.
I heard phrases and predictions of the sort thrown about a few years ago.In a few years, when you pay $5 for a cup of coffee, remember this day.
Right, everybody knows that. Not sure what your point is. The NASDAQ is up almost 70% since Obama took office.
More stock trades are driven by government activity than actual economic activity IMO.
If companies are making profit then that means there IS economic activity which by any economic standard is indeed a good thing and should for all intents and purposes improve other aspects of the economy.
What economic theory holds that companies making profit does not mean an improving economy?
the stock market is a piss-poor, nearly meaningless method of gauging the strength of the real economy, but i guess most of you guys already knew that.
More stock trades are driven by government activity than actual economic activity IMO.
If companies are making profit then that means there IS economic activity which by any economic standard is indeed a good thing and should for all intents and purposes improve other aspects of the economy.
What economic theory holds that companies making profit does not improve the economy?
I heard phrases and predictions of the sort thrown about seemingly a few years ago.
So now you are saying what happened in Europe today is why the market is up, good boy.
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