11:20 am EDT 3/25/10
10,926.39 Real-Time Quote
+90.24 / +0.83% Todays Change
money.cnn.com/data/markets/dow/?hpt=P1
10,926.39 Real-Time Quote
+90.24 / +0.83% Todays Change
money.cnn.com/data/markets/dow/?hpt=P1
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Dow is up over 4400 points (68%) since the passing of Stimulus/TARP
How is that Hopey/Changey stuff work'n for ya???
11:20 am EDT 3/25/10
10,926.39 Real-Time Quote
+90.24 / +0.83% Todays Change
money.cnn.com/data/markets/dow/?hpt=P1
11:20 am EDT 3/25/10
10,926.39 Real-Time Quote
+90.24 / +0.83% Todays Change
money.cnn.com/data/markets/dow/?hpt=P1
It's probably going to get close to 12,000 before it comes crashing down. Once the stimulus bill was passed, I put my money in the market. Of course, they've built a house of cards so it's like riding a tsunami: you can make a lot of money, but you could get killed in the process.
I'll keep watching the market to determine when it's time to put my money into safer investments. When the Democrats took control of Congress in 2007, I moved all my money out of the stock market which saved my retirement. Eventually, exiting the country might be the only option.
The Dow was over 13,000 at the beginning of May 2008.
A better question that the stupid propaganda in the OP is: who benefited from the wealth destruction caused by the financial crisis - and who is benefiting from the recovery?
Of course Mega Corps like Big Government. They collude with politicians to have regulations put in place which squash competition. Now they are salivating over the additional 8 pts. of GDP that ObamaCare will put under government control.
You poor boobies on the Left never grok that Big Government Cronyism always attempts to preserve the Big Business status quo at the expense of real competition and real job creation.
Even at 11,000, it is far below the prior peaks. Much wealth has been transferred from the middle and working classes during this "financial crisis", manufactured to order by your elected representatives for the benefit of their cronies.
if you think anything other than perception is driving this run up you all are insane.....
wallstreet is betting people will buy into this bubble and they will get out and leave you holding the bag....
watch....
Don't worry about finding a job and producing anything, just make a living off of the stock market.
or at least get rich giving seminars and selliing books convincing others they can do that
Don't worry about finding a job and producing anything, just make a living off of the stock market.
or at least get rich giving seminars and selliing books convincing others they can do that
Is it somehow a bad thing that those are ways in which someone can achieve wealth?
You sound like you would just prefer everyone be a proletarian with their only possible source of income being that they bust their asses at a 9-5 everyday for 50 or 60 years.