BillyV
Antidisestablishmentarian
- Oct 31, 2011
- 592
- 118
- 78
A lot of this investment has nothing to do with America. Much of this investment is in foreign corporations.
Do you lie or are you really as ignorant as this (and many other of your posts) post suggests?
The D-J 30:
Alcoa
American Express
AT&T
Bank of America
Boeing
Caterpillar
Chevron Corporation
Cisco Systems
Coca-Cola
DuPont
ExxonMobil
General Electric
Hewlett-Packard
The Home Depot
Intel
IBM
Johnson & Johnson
JPMorgan Chase
McDonald's
Merck
Microsoft
Pfizer
NYSE
Procter & Gamble
Travelers
NYSE
UnitedHealth Group
United Technologies Corporation
Verizon
Wal-Mart
Walt Disney
Never trust and always verify anything posted by those on the far right. The common links among all members of the echo chamber and RWers is dishonesty and ignorance.
And the foreign revenues of many of those companies (and a few others):
Wal-Mart. Total revenue: $420 billion. Portion from overseas: 26 percent.
Exxon-Mobil. $342 billion in revenue, 45 percent from overseas.
General Electric. $149 billion in revenue, 54 percent from overseas.
Bank of America. $134 billion in revenue, 20 percent from overseas.
Ford. $129 billion in revenue, 51 percent from overseas.
IBM. $100 billion in revenue, 64 percent from overseas.
UnitedHealth Group. $94 billion in revenue, none from overseas.
Boeing. $64 billion in revenue, 41 percent from overseas.
Dow Chemical. $54 billion in revenue, 67 percent from overseas.
Intel. $44 billion in revenue, 85 percent from overseas.
Amazon. $34 billion in revenue, 45 percent from overseas.
McDonald's. $24 billion in revenue, 66 percent from overseas.
Nike. $21 billion in revenue, 50 percent from overseas.
Marriott. $12 billion in revenue, 16 percent from overseas.
"The S&P 500 is not U.S. GDP," says David Bianco, head of U.S. equity strategy for Bank of America Merrill Lynch. "The S&P 500 continues to outgrow the U.S. economy. Earnings power is decoupled from U.S. GDP."
Why U.S. Companies Aren't So American Anymore - Rick Newman (usnews.com)
Not that I think that's a bad thing, but let's be realistic; the US stock market no is no longer a reliable gauge of the US domestic economy. However, it has been a great place to have your money for the last few years.