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Dow reaches 22,000 for first time ever


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#1 Lord of the Sword

Lord of the Sword
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Posted 02 August 2017 - 03:17 PM

http://www.foxbusine...first-time.html

For all you anti Trumpers here on Exisle...Looks like the economy doesn't seem to think President Trump is doing too bad of a job at all.
"Sometimes you get the point of the sword, sometimes the edge, sometimes the flat of the blade (even if you're the Lord of the Sword) and sometimes you're the guy wielding it. But any day without the Sword or its Lord is one that could've been better  " ~Orpheus.

The Left is inclusive, and tolerant, unless you happen to think and believe different than they do~ Lord of the Sword

The last republican leaning independent on this message board. All others have been silenced and driven off, or outright banned. Only ONE remains. I guess HighLander had it right all along....In the end, there can be only ONE.

#2 sierraleone

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    All things Great and Mischievous

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Posted 02 August 2017 - 09:11 PM

Have you looked at the US dollar?
Rules for surviving an Autocracy:

Rule#1: Believe the Autocrat.
Rule#2: Do not be taken in by small signs of normality.
Rule#3: Institutions will not save you.
Rule#4: Be outraged.
Rule#5: Don't make compromises.
Rule#6: Remember the future.
- Masha Gessen
Source: http://www2.nybooks....r-survival.html

#3 Elara

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    Feel the silence of the moonlight.

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Posted 04 August 2017 - 10:50 PM

So, do you also give credit to Obama? After all, the climb began in 2009.
Do you, as sierraleone points out, take into account that the American dollar value has dropped? This means American products have gotten cheaper for overseas markets.
Do you take into account that it's mostly the rich who own stocks? So for the average person, this bit of news means nothing.
Do you take into account that it's big corporations that rely on overseas markets that are continuing to earn?
Did you look at the whole story, or did you only read the little line that said "Dow reaches 22,000 for first time ever"?

Have you ever looked at 'The National Enquirer' while standing in line at the store? They have a lot of one line gotcha's. That's what this is, a "gotcha".
El
~ blue crystal glows, the dark side unseen, sparkles in scant light, from sun to planet, to me in between ~


I want a job in HRC's "shadow" cabinet. Good pay, really easy hours, lots of time off. Can't go wrong.

"You have a fair and valid point here. I've pointed out, numerous times, that the Left's or Democrats always cry "Racist" whenever someone disagrees with them. I failed to realize that the Right or Republicans do the same thing with "Liberal"." ~ LotS

#4 gsmonks

gsmonks

    Tree Psychiatrist

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Posted 05 August 2017 - 12:32 AM

You have to ask yourself why most of the top money experts in the real world think the DOW is a joke:

http://www.cbc.ca/ne...trong-1.3929025

https://qz.com/89492...a-visual-guide/

https://www.bloomber...27-d42239c212ed

http://observer.com/...ly-meaningless/

https://www.washingt...f2fd_story.html

https://www.washingt...0beb_story.html

http://time.com/mone...-market-record/


If you pay any attention to US financial markets, you can't avoid the Dow Jones Industrial Average (DJIA).  It's cited every single day as one of the THE barometers of our financial and economic strength; it runs across the bottom of at least a dozen TV channels throughout the day, and the evening news breathlessly announces every day's changes and celebrates each new record high.

I pretty much ignore it.

How can someone turn their back on THE indicator, THE barometer, THE MOST IMPORTANT NUMBER IN THE ENTIRE WORLD OF PUBLICLY TRADED COMPANIES?

Well, the short answer is that the DJIA has been faked and fudged so many times that I believe it has lost all value as any sort of long-term indicator.  At best, it can only be viewed in terms of relatively short increments of a few years - and that has been true for as long as the DJIA has been in existence. Let's take a look...

https://www.dailykos...-Is-Meaningless
Capitalism is a pyramid scheme run by the 1%.

#5 yadda yadda

yadda yadda
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Posted 10 August 2017 - 05:18 PM

21,844.   -200


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