NY STOCK EX: All-time record high finish; Well done President Obama.

[Freewill]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

Two years ago this would have been something to crow about but not after four years and 6 trillion in debt. The stock market always increased and after the down turn it did what it always did except it was slowed considerablly, just like we said, by Obama's policies.

Unless of course you think it was never going to recover.

Funny how now you say it is bussiness has to do their part. So bad is because of business yet what you call good is all Obama. Right.

 

[Rozman]

The sequester was the fault of the republicans.
The two days after the sequester the market has soared to all time highs.

Thank you republicans.

Nicely done.

 

[Gadawg73]

That Obama is some Socialist/Communist ain't he?

Uses the same propaganda they did.

 

[Mac1958]

.

For the 50th time, the stock market is not the economy. This move of some investment dollars into the stock market is part of a natural progression.

Step One: Because of the weakness and/or unevenness of both the domestic and international economies, investors flocked to bonds, raising prices to absurd levels and pushing yields down essentially to the ground.

Step Two: Even with bond yields so low, investors have kept a great deal of money there as a safe haven. Institutional investors such as pensions, endowments and insurance companies continued pouring money there because many pretty much have to, and of course the Fed has been inflating its balance sheet to absurd proportions. So, many investors in search of yield bought dividend-paying stocks, driving those prices beyond their appropriate levels.

Step Three: With both bonds and dividend-paying equities over-valued and over-bought, many investors poured money into "alternatives", dividend-paying securities such as REITs (real estate investment trusts) and natural resources Master Limited Partnerships (MLPs), which pay pretty good dividends. Of course, those puppies are close to being overbought and investors started looking elsewhere. There was a time quite recently in which the term "alternative investments" made investors' eyes pop wide open like a hungry dog anticipating a bone.

Step Four: Seeing that the real estate market has stabilized and beginning to improve, and knowing that there is essentially nowhere else to go for growth and/or yield, institutional investors are leading the way back into stocks. They're doing this with the knowledge that corporations are still not showing a clear interest in investing the +/- $2T they're hoarding in cash. Europe is largely toxic, emerging markets are questionable (maybe overbought, hard to say), so the US market seems to be the best place to try for growth.

So, investors are not buying stocks because the economy is thriving. There's simply nowhere else to go, and they're willing to be more patient than they have in the past. Here's hoping this activity will inspire corporations to make some investments, but they can't be blamed if they don't. That wouldn't be good news, on multiple levels.

It will be interesting to see how investors react to an inevitable correction. Maybe then we'll see how strong the foundation is.

.

 

[editec]

So how can the private sector now take the baton, run with it, and complete the recovery? Government cant create jobs, in theory (although it can hire people). But, its true, the private sector drives economy. The government's job is simply to maintain a civil, stable society that will act as a foundation for the private sector to operate on.

Now, the government has stabilized this mess about as good as possible. The private sector must step up, start hiring, open up the stockpiles of cash, increase wages, and boost this recovery to the next level!

What is the real unemployment rate?

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

Jan.2012 Dec. 2012 Jan. 2013 Jan. 2012 Sept. 2012 Oct. 2012 Nov.2012 Dec.2012 Jan.2013
16.2 ..14.4.. 15.4 ..15.1.. 14.7 ..14.5.. 14.4 ..14.4.. 14.4

 

[Gadawg73]

.

For the 50th time, the stock market is not the economy. This move of some investment dollars into the stock market is part of a natural progression.

Step One: Because of the weakness and/or unevenness of both the domestic and international economies, investors flocked to bonds, raising prices to absurd levels and pushing yields down essentially to the ground.

Step Two: Even with bond yields so low, investors have kept a great deal of money there as a safe haven. Institutional investors such as pensions, endowments and insurance companies continued pouring money there because many pretty much have to, and of course the Fed has been inflating its balance sheet to absurd proportions. So, many investors in search of yield bought dividend-paying stocks, driving those prices beyond their appropriate levels.

Step Three: With both bonds and dividend-paying equities over-valued and over-bought, many investors poured money into "alternatives", dividend-paying securities such as REITs (real estate investment trusts) and natural resources Master Limited Partnerships (MLPs), which pay pretty good dividends. Of course, those puppies are close to being overbought and investors started looking elsewhere. There was a time quite recently in which the term "alternative investments" made investors' eyes pop wide open like a hungry dog anticipating a bone.

Step Four: Seeing that the real estate market has stabilized and beginning to improve, and knowing that there is essentially nowhere else to go for growth and/or yield, institutional investors are leading the way back into stocks. They're doing this with the knowledge that corporations are still not showing a clear interest in investing the +/- $2T they're hoarding in cash. Europe is largely toxic, emerging markets are questionable (maybe overbought, hard to say), so the US market seems to be the best place to try for growth.

So, investors are not buying stocks because the economy is thriving. There's simply nowhere else to go, and they're willing to be more patient than they have in the past. Here's hoping this activity will inspire corporations to make some investments, but they can't be blamed if they don't. That wouldn't be good news, on multiple levels.

It will be interesting to see how investors react to an inevitable correction. Maybe then we'll see how strong the foundation is.

.

Spot on bro.

 

[Claudette]

I'll be looking for the comments from the left when the market crashes. And it will folks.

 

[Truthseeker420]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

The problem is the 1%/Corporations have drained the middle class of their wealth, borrowing more money is not an option for most Americans.

 

[Gadawg73]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

The problem is the 1%/Corporations have drained the middle class of their wealth, borrowing more money is not an option for most Americans.

Corporations are owned by middle class stockholders.
Most all employees of corporations are middle class citizens
GOVERNMENT is draining all citizens.

 

[healthmyths]

That Obama is some Socialist/Communist ain't he?

explain then why these billionaires are selling???
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%.
Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Read Latest Breaking News from Newsmax.com Billionaires Dumping Stocks, Economist Knows Why

 

[healthmyths]

''Big BIG BIG difference between 2007 and 2013!!!

• Dow Jones Industrial Average: Then 14164.5; Now 14164.5
• Regular Gas Price: Then $2.75; Now $3.73
• GDP Growth: Then +2.5%; Now +1.6%
• Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
• Americans On Food Stamps: Then 26.9 million; Now 47.69 million
• Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
• US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
• US Deficit (LTM): Then $97 billion; Now $975.6 billion
• Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
• US Household Debt: Then $13.5 trillion; Now 12.87 trillion
• Labor Force Particpation Rate: Then 65.8%; Now 63.6%
• Consumer Confidence: Then 99.5; Now 69.6
• S&P Rating of the US: Then AAA; Now AA+
• VIX: Then 17.5%; Now 14%
• 10 Year Treasury Yield: Then 4.64%; Now 1.89%
• USDJPY: Then 117; Now 93
• EURUSD: Then 1.4145; Now 1.3050
• Gold: Then $748; Now $1583
• NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

The Last Time The Dow Was Here... | Zero Hedge

 

[Truthseeker420]

''Big BIG BIG difference between 2007 and 2013!!!

• Dow Jones Industrial Average: Then 14164.5; Now 14164.5
• Regular Gas Price: Then $2.75; Now $3.73
• GDP Growth: Then +2.5%; Now +1.6%
• Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
• Americans On Food Stamps: Then 26.9 million; Now 47.69 million
• Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
• US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
• US Deficit (LTM): Then $97 billion; Now $975.6 billion
• Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
• US Household Debt: Then $13.5 trillion; Now 12.87 trillion
• Labor Force Particpation Rate: Then 65.8%; Now 63.6%
• Consumer Confidence: Then 99.5; Now 69.6
• S&P Rating of the US: Then AAA; Now AA+
• VIX: Then 17.5%; Now 14%
• 10 Year Treasury Yield: Then 4.64%; Now 1.89%
• USDJPY: Then 117; Now 93
• EURUSD: Then 1.4145; Now 1.3050
• Gold: Then $748; Now $1583
• NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

The Last Time The Dow Was Here... | Zero Hedge

Bush really screwed America ! But gas was almost $ 5 a gallon in summer of 2007.

 

[Truthseeker420]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

The problem is the 1%/Corporations have drained the middle class of their wealth, borrowing more money is not an option for most Americans.

Corporations are owned by middle class stockholders.
Most all employees of corporations are middle class citizens
GOVERNMENT is draining all citizens.

No, I disagree. Government is run by the transnational corporations.

 

[KnobbyWalsh]

Can't give Bush any of the credit because nothing is his fault.

 

[mudwhistle]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

I thought you said unemployment was high.

Oh, and if sequester was such a bad thing why is the stock markrt still going up?

 

[mudwhistle]

Can't give Bush any of the credit because nothing is his fault.

Wait.......I thought everything was Bush's fault.

Make up your mind.

 

[healthmyths]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

I thought you said unemployment was high.

Oh, and if sequester was such a bad thing why is the stock markrt still going up?

Maybe you should ask these billionaires where they are putting their money!!

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%.
Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Read Latest Breaking News from Newsmax.com Billionaires Dumping Stocks, Economist Knows Why

 

[KnobbyWalsh]

Can't give Bush any of the credit because nothing is his fault.

Wait.......I thought everything was Bush's fault.

Make up your mind.[/QUOTE}

Obama can't blame Bush for anything that goes sideways, so why should Bush get any credit when something goes right? Just wondering how you partisan zealots explain that away.

 

[mudwhistle]

All the news orgs are leading with the same thing. The NY stock exchange hit an all time record high finish today, signaling that all that was lost in the recession has been recovered. CBS led with a graph showing the recent low point in early 2009, and showed the roller coaster climb...but gradual climb...over the past 4 years, until today's record high.

They also show that the job market has not recovered though. Unemployment is still high, and food stamp use is high. Companies have reported massive cash reserves.

President Obama- job well done. He guided us through hell, has all but ended the two wars, and has stabilized this mess to the point that Wall Street has recovered.

NOW WHAT? Well, like I said. Unemployment is still low. Wages are frozen. Companies have huge cash reserves. The President and government did the job if the government- stabilize the mess. NOW, the ball is in the court of the private sector to get off those cash reserves, gradually begin lifting wages and employment numbers, and finish off the total recovery.

This is great news. Now its time for the business world to do their part and finish off this recovery

I thought you said unemployment was high.

Oh, and if sequester was such a bad thing why is the stock markrt still going up?

Maybe you should ask these billionaires where they are putting their money!!

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%.
Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Read Latest Breaking News from Newsmax.com Billionaires Dumping Stocks, Economist Knows Why

Why?

Because printing $85 billion per month has a tendency to cause inflation.