Dow 10,000 just around the corner

Originally posted by grimreaper797
There are also numerous other indicators as to why this move is a bear market rally.

i agree with your assessment here.

originally posted by grimreaper797I can't get into detail because I am heading off to work but the next bubble will be gold.

when you get time can you expand on this? i aquired a decent amount of physical gold and silver which has since more than doubled. Thinking it might be time to take profits. i'd be glad to hear your opinion.

France and Germany have been out of recession for a month now - their stronger social safety net kept consumer demand up, so they recovered more quickly.

The US is coming out of it much more slowly, but things are improving.

The lousy job market will probably stay with us for a while, which sucks for me because I am looking for work again.

forgive my lapse in historic knowledge but didnt europe and asia recover from the great depression in the 30's before the US did as well? for some reason i remember reading that somewhere.
is it because the way we handle things by throwing money at our problems (moreso than other countries that is)?

Not being an expert, I have more questions than answers on this.

First off, so the market is doing well... how does that mean that I'm better off? I'm not 'in the market'. A couple of companies are raking in cash..., that's good for them (or their CEO's) but why is that good for me? Are they sharing their new found prosperity? Is this more 'trickle down' garbage?

Also, I have heard the commercial real estate, health care, green, currency, and about a dozen other 'bubbles' are expected to burst. Does it matter which?

We are living in a world where bankers get to lend money they don't have and create money that doesn't exist at their whim. They create financial vehicles like casinos create new slot machines.

Isn't it all a big scam?

Where did the trillions go? Where is our gold? Why doesn't America herself 'own' her own assets?

Does the 10,000 mark really represent some kind of 'change'? Or is it more likely that it's the financial 'mathemagicians' making it all look nice since so many people got pissed off and started paying attention to their 'super fun time' antics?

[edit on 17-9-2009 by Maxmars]

reply to post by turbokid


Given that the big European countries that were "throwing money at things" were the first out of the recession, I'd say no

We threw a lot of money around, but IMO we threw it into the wrong places.

We kept Wall Street afloat but didn't do much to keep consumer spending up, which in turn means the job market (in an economy strongly dependent on service jobs & retail) has not picked up.

However this is a reflection of the American political landscape, where handouts to big institutions are the accepted price of wanting a functional economy, but handouts to individuals are viewed as creeping Communism

[edit on 9/17/09 by xmotex]

Don't get too overjoyed by this news. While the Dow is edging upward, so is the unemployment rate. As of September 4 it was at 9.7% as a national average and was expected to go above 10% before it starts to decline.

Let's get real - GM is about to lose their shirt again unless they do something drastic and they know it. That's why they just introduced their second radical marketing campaign in the last 2 weeks to keep their company alive. The most recent one is a 60-day buy back plan.

What about the rest of corporate America? Where are the jobs? They're being offshored to cheaper companies, that's where. Obama said he would put a tax on companies offshoring jobs. Has he done it? Not yet. But would it help if he did? Probably not, especially right now. All it would do is increase the U.S. unemployment rate.

And we haven't even talked about inflation yet.

Suckers Rally Suckers Rally Suckers Rally

Never underestimate the power brokers in DC and Wall St.

You can throw out all the comparisons to the Great Depression. The US economy is in uncharted territory.

The oligarchs that run the Western economies never surprise me.

I don't think they are the architects of the crash last year but they sure are the architects of the bailouts to their cronies.

Pure and simple. Greed and power will never surrender and while the MSM reports are far from reality, the only reality we will live is the one that TPTB give us. How would they profit if the western economies crash?

We'll continue to eak out a meager existance and shuffle of to work like little drones in order to feed the machine.

Originally posted by venividivici
Never underestimate the power brokers in DC and Wall St.

You can throw out all the comparisons to the Great Depression. The US economy is in uncharted territory.

The oligarchs that run the Western economies never surprise me.

I don't think they are the architects of the crash last year but they sure are the architects of the bailouts to their cronies.

Pure and simple. Greed and power will never surrender and while the MSM reports are far from reality, the only reality we will live is the one that TPTB give us. How would they profit if the western economies crash?

We'll continue to eek out a meager existence and shuffle of to work like little drones in order to feed the machine.

I echo your sentiments - Excelsior!

Bubble conspiracy aside, if you scrape off the last rally last year, from the top, before the crash, you end up with an unbiased average.

The bubble was heated,...and the crash was panic, but the 'healthy' average should settle around 12,000 by year end.

Use a trend line and filter out the anomolies.

[edit on 17-9-2009 by smirkley]

reply to post by smirkley


Yep... I'm feeling it as well...

As I mentioned in another thread... I've had a rush of leads from large corporations lately... yesterday I had 5 in one day an unheard of number.

Corporations are spending money again. At least in my industry...

That and my mother-in law just got a job after a 3 year stint of unemployment.

Things are looking up...

Out of the woods eh?

By SARA LEPRO (AP) –

NEW YORK — Stocks have reversed early gains and are slightly lower after a report showing a surprising drop in home sales.

The National Association of Realtors says existing home sales fell 2.7 percent in August compared with a 7.2 percent rise in July. Economists had been expecting a fifth straight increase.

www.google.com...