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-   -   Holy Crap! NASDAQ closes at 5008 today (http://www.politicalchat.org/showthread.php?t=8775)

bobabode 03-02-2015 05:13 PM
Holy Crap! NASDAQ closes at 5008 today
 
NASDAQ blows through the 5000 mark for the first time since the dotcom bubble.

Thanks Obama...;)

Tom Joad 03-02-2015 06:05 PM
Quote:
Originally Posted by bobabode (Post 261640)
NASDAQ blows through the 5000 mark for the first time since the dotcom bubble.

Thanks Obama...;)
Yeah but how good is that for the average schmuck or smuckette?

http://thinkprogress.org/economy/201...t-one-percent/

Quote:
The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds: The Institute for Policy Studies illustrates this massive disparity in financial investment ownership, noting that the bottom 50 percent of Americans own only .5 percent of these investments:

donquixote99 03-02-2015 06:56 PM
The markets are high because the 1% has more money than ever, and it largely goes into the markets due to interest rates being held low.

whell 03-03-2015 07:14 AM
Quote:
Originally Posted by bobabode (Post 261640)
NASDAQ blows through the 5000 mark for the first time since the dotcom bubble.

Thanks Obama...;)
Thank the Fed.

http://blogs-images.forbes.com/jesse...ancesheet1.jpg

merrylander 03-03-2015 09:06 AM
Quote:
Originally Posted by whell (Post 261665)
Screw the Fed.

Tom Joad 03-03-2015 09:12 AM
Quote:
Originally Posted by donquixote99 (Post 261652)
The markets are high because the 1% has more money than ever, and it largely goes into the markets due to interest rates being held low.
That's the way I see it too.

BlueStreak 03-03-2015 10:11 AM
It's a sign that the "double dip" is still impending............as it has been for five years, now.


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