Comments on: Dow Approaches 10,000 http://themoderatevoice.com/49529/dow-approaches-10000/ An Internet hub for moderates, centrists, and independents, with domestic and international news, analysis, original reporting, and popular features from the left, center, and right Sat, 20 Mar 2010 09:24:50 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: shannonlee http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222499 shannonlee Wed, 14 Oct 2009 23:38:39 +0000 http://themoderatevoice.com/?p=49529#comment-222499 True...I yield....to a point ;)<br><br>Large companies like JP can drive these kinds of Dow spikes regardless of the state of the economy...so yes, Ron is right. But these kinds of spikes are very worrisome because of some of the things I mentioned in my first post. It feels like another building bubble that is not at all based in reality. True…I yield….to a point ;)

Large companies like JP can drive these kinds of Dow spikes regardless of the state of the economy…so yes, Ron is right. But these kinds of spikes are very worrisome because of some of the things I mentioned in my first post. It feels like another building bubble that is not at all based in reality.

]]> By: roro80 http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222480 roro80 Wed, 14 Oct 2009 22:41:38 +0000 http://themoderatevoice.com/?p=49529#comment-222480 On many levels, I definitely agree with what's being said here about the stock market being a poker table. I just know that my awesome winnings on that table over the last couple of days are going part into finishing my IRA contributions for the year and part into savings, but a good half is going into a new wardrobe and a new iPod and a new mattress and likely a few fancy dinners. Since my guess is that I'm not the only one to come out a winner here, this uptick could certainly have an effect on consumer spending and, in turn, jobs. On many levels, I definitely agree with what's being said here about the stock market being a poker table. I just know that my awesome winnings on that table over the last couple of days are going part into finishing my IRA contributions for the year and part into savings, but a good half is going into a new wardrobe and a new iPod and a new mattress and likely a few fancy dinners. Since my guess is that I'm not the only one to come out a winner here, this uptick could certainly have an effect on consumer spending and, in turn, jobs.

]]> By: AustinRoth http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222437 AustinRoth Wed, 14 Oct 2009 20:53:01 +0000 http://themoderatevoice.com/?p=49529#comment-222437 The stock market is the betting table of investors. As such, it "tends" towards being a leading indicator. Except in the case of severe bubbles, it tends to drop before the majority of the main economic indicators show the weaknesses, and rises prior to their recovery.<br><br>However, this time I have to admit that I don't see any indication of an imminent economic recover. In fact, there are a lot of indicators that really point strongly for years of stagnant to worse economic conditions ahead. The stock market is the betting table of investors. As such, it “tends” towards being a leading indicator. Except in the case of severe bubbles, it tends to drop before the majority of the main economic indicators show the weaknesses, and rises prior to their recovery.

However, this time I have to admit that I don't see any indication of an imminent economic recover. In fact, there are a lot of indicators that really point strongly for years of stagnant to worse economic conditions ahead.

]]> By: Jim_Satterfield http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222420 Jim_Satterfield Wed, 14 Oct 2009 20:12:59 +0000 http://themoderatevoice.com/?p=49529#comment-222420 I think Ron's right on this one, shannonlee. I think Ron's right on this one, shannonlee.

]]> By: Ron Beasley http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222401 Ron Beasley Wed, 14 Oct 2009 19:51:21 +0000 http://themoderatevoice.com/?p=49529#comment-222401 I disagree that the stock market reflects the realities of our economy - the table is fixed. Companies will do what is necessary to drive up stock prices in the short term in part because the salaries of the executives are tied to the stock price. These short term actions are frequently bad for both the company and the economy in the long term which is one of the reasons we are in this mess now.. Government intervention all too often is also about the health of Wall Street rather than the health of the economy. I disagree that the stock market reflects the realities of our economy – the table is fixed. Companies will do what is necessary to drive up stock prices in the short term in part because the salaries of the executives are tied to the stock price. These short term actions are frequently bad for both the company and the economy in the long term which is one of the reasons we are in this mess now.. Government intervention all too often is also about the health of Wall Street rather than the health of the economy.

]]> By: shannonlee http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222394 shannonlee Wed, 14 Oct 2009 19:30:23 +0000 http://themoderatevoice.com/?p=49529#comment-222394 True, but the stock market should reflect the realities of our economy because the value of those companies is tied to the economy. I agree, the stock market is no different than playing poker, it isn't all luck. True, but the stock market should reflect the realities of our economy because the value of those companies is tied to the economy. I agree, the stock market is no different than playing poker, it isn't all luck.

]]> By: archangel http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222384 archangel Wed, 14 Oct 2009 19:09:37 +0000 http://themoderatevoice.com/?p=49529#comment-222384 Excellent Ron<br>Gambling. And taking $ out at high. Re-upping when low. Simpler than theft. Excellent Ron
Gambling. And taking $ out at high. Re-upping when low. Simpler than theft.

]]> By: Ron Beasley http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222367 Ron Beasley Wed, 14 Oct 2009 18:20:44 +0000 http://themoderatevoice.com/?p=49529#comment-222367 Wall Street does not equal the economy any more that the blackjack tables in Reno do. Contrary to what many if not most think stock trades don't contribute capitol to the economy unless they are issues of new paper. The rest is little more than gambling. Wall Street does not equal the economy any more that the blackjack tables in Reno do. Contrary to what many if not most think stock trades don't contribute capitol to the economy unless they are issues of new paper. The rest is little more than gambling.

]]> By: Tweets that mention Dow Approaches 10,000 | The Moderate Voice -- Topsy.com http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222376 Tweets that mention Dow Approaches 10,000 | The Moderate Voice -- Topsy.com Wed, 14 Oct 2009 17:48:53 +0000 http://themoderatevoice.com/?p=49529#comment-222376 [...] This post was mentioned on Twitter by Hans Spee, TMV. TMV said: Dow Approaches 10,000: Some good news/bad news on the economic front. The good news is that the Dow has approac.. http://bit.ly/dMpud [...] [...] This post was mentioned on Twitter by Hans Spee, TMV. TMV said: Dow Approaches 10,000: Some good news/bad news on the economic front. The good news is that the Dow has approac.. http://bit.ly/dMpud [...]

]]> By: mikkel http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222356 mikkel Wed, 14 Oct 2009 17:35:54 +0000 http://themoderatevoice.com/?p=49529#comment-222356 People assume the government will bail them out again. People assume the government will bail them out again.

]]> By: shannonlee http://themoderatevoice.com/49529/dow-approaches-10000/comment-page-1/#comment-222349 shannonlee Wed, 14 Oct 2009 17:03:14 +0000 http://themoderatevoice.com/?p=49529#comment-222349 Interesting...the dow jumps and financial institutions do well while unemployment goes up and we still have another round of home morgage foreclosers and a pending commericial real estate crisis. Interesting…the dow jumps and financial institutions do well while unemployment goes up and we still have another round of home morgage foreclosers and a pending commericial real estate crisis.

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