The DOW is rising rapidly......................

BlueStreak · #1 11-05-2010, 10:23 AM

The DJIA is rising rapidly, and will continue to do so. Very soon the unemployment levels will start to drop. This will happen with astonishing speed and everyone will be happy and heaping accolades on the Republican Party. Although they have as yet to do a damn thing beyond winning an election.

http://www.google.com/finance?client=ob&q=INDEXDJX

JI

But, no, nobody was sitting on the money, no one was deliberately holding back. No one would ever dare to hold an entire nation under high unemployment until they are assured they will be appeased. That wouldn't be moral.

BTW, I am making money off of this. (I have two 401ks) I've made a couple thousand since tuesday.
And believe me, I have no problem with making money. Hell, I started buying as much stock as I could when the market hit bottom. Because I knew the market would eventually rise.

But, one of the things I've learned in life is that if it comes too easy, something is wrong.

More interesting days ahead.

Dave

piece-itpete · #2 11-05-2010, 10:44 AM

See Blue, if you want to make money, vote Rep.

Pete

BlueStreak · #3 11-05-2010, 10:50 AM

Another small tidbit;

Some of the wingnuts I work with actually CUT their contributions when the market reached bottom. And even considered pulling out altogether after the '08 election, because they were certain the next great depression was coming....................

One guy took money out of his 401k to buy a car, of all things. Now there's a financial move that'll set him up for retirement................

Idiots. They truly are.

Dave

BlueStreak · #4 11-05-2010, 10:55 AM

Quote:

Originally Posted by piece-itpete

See Blue, if you want to make money, vote Rep.

Pete

Maybe, maybe not. The trick is knowing when to move and when not to. We'll see how long this sustains and how it affects my wages. We were told a month ago, by our very conservative management, "No more COLA raises, no more annual bonuses."

There are two ends to the stick, Pete.

Dave

Fast_Eddie · #5 11-05-2010, 11:01 AM

That's Obama's policies just starting to kick in!

BlueStreak · #6 11-05-2010, 11:29 AM

Quote:

Originally Posted by Fast_Eddie

That's Obama's policies just starting to kick in!

Ha, ha......Maybe so, maybe not. We know for sure that a lot of folks will never buy that, regardless of any truth that it may contain.

Dave

Fast_Eddie · #7 11-05-2010, 11:34 AM

I got that all through the 90s when the economy was on fire- "That's because of the work Reagan did!" Oh, okay.

BlueStreak · #8 11-05-2010, 12:03 PM

It's 1981. As Ronnie is being inaugurated an airplane is sitting on the tarmac, full of people who have been held hostage for over 400 days. As he takes the oath, the plane takes off and a little bit later the new administration grabs full credit for the release of said hostages.

My father turns to me and says; "Holy smokes that was quick. Couldn't have anything to do with his VP being the former head of the CIA could it? I think we may have just witnessed the most spectacular PR stunt in history....."

"The more things change, the more they stay the same."-Yogi Berra.

Dave

piece-itpete · #9 11-05-2010, 12:19 PM

On money, it couldn't be that we feel more secure with a divided government?

And the Iranians just couldn't have been fearful of Reagan? Regardless he did get them, which Carter failed to do.

Pete

d-ray657 · #10 11-05-2010, 12:29 PM

The money people spent considerable money to secure a divided government.

Regards,

D-Ray