Dow Jones Breaks Record Under Socialist Obama

[GrantMercury]

If I've learned anything from Fox News (and I haven't), it's that Obama set out to destroy Capitalism. Lolz.

?We don?t think people are giving enough credit to the strength of the economy,? said Ryan Detrick, a senior technical strategist at Schaeffer?s Investment Research. ?We still like the market.?

Higher profits at U.S. companies have been a key driver for the stock market. More than 80 percent of companies in the S&P 500 index have reported first-quarter earnings, and profits are at a record level.

http://www.suntimes.com/business/199...irst-time.html

[_Richard_]

hip hip hurrah for printed money?

[MaDalton]

i read that jobs are up and gas prices are down as well?

[Rochard]

According to Minte, who just expanded his business, Obama is bad for business.

[CDSmith]

Let me know when he figures out how to strengthen the USD. Until that happens I don't care who's in office, they're all useless.


:D

[_Richard_]

According to Minte, who just expanded his business, Obama is bad for business.

careful, or your posts may start getting edited

[Fat Panda]

yup print print print

[DWB]

The FED is printing money and it makes the Wall Street crooks go crazy. Simple as that. Just like how a single tweet crashed it, the opposite happens when money is created from nothing. Gives them a boner.

[arock10]

sucks to be all the poors with no stocks...

[brassmonkey]

yeah obama started the war on terror wars cost

[L-Pink]

Your life must suck.

[purecane]

[lezinterracial]

Seems all the countries are keeping their interest rates low. Will be interesting to see how this turns out and how long this can be kept up.

[GrantMercury]

According to Minte, who just expanded his business, Obama is bad for business.

[GrantMercury]

Your life must suck.

Quite the contrary, but continue speculating if it makes you happy.

[pimpmaster9000]

yes yes profits are at an all time high EXCEPT if you had one million dollars in cash before 9/11 the exchange rate was 1200 euros for 1000$...now you get 769 euros for 1000$...

simple math you are 431 euros short on the same 1000$ or, in my one million $ example you are short a whopping 431000 euros since 9/11

so on one million $ you lost (at todays conversion rate) 567.000$...now in the USA a dollar is a dollar...but that same company is now 50% cheaper for foreigners to acquire being that the dollar dropped 50% on the euro since 9/11...

using that logic I am a former billionaire LOL we had hyperinflation and I was actually a trillionaire...it did not make the economy any better or stronger...

"all time profits" is relative...

[theking]

yes yes profits are at an all time high EXCEPT if you had one million dollars in cash before 9/11 the exchange rate was 1200 euros for 1000$...now you get 769 euros for 1000$...

simple math you are 431 euros short on the same 1000$ or, in my one million $ example you are short a whopping 431000 euros since 9/11

so on one million $ you lost (at todays conversion rate) 567.000$...now in the USA a dollar is a dollar...but that same company is now 50% cheaper for foreigners to acquire being that the dollar dropped 50% on the euro since 9/11...

using that logic I am a former billionaire LOL we had hyperinflation and I was actually a trillionaire...it did not make the economy any better or stronger...

"all time profits" is relative...

Once again sport...you are ignorant about the subject you are talking about...it does not quiet work that way.

[_Richard_]

Once again sport...you are ignorant about the subject you are talking about...it does not quiet work that way.

trolling is a art

[Minte]

According to Minte, who just expanded his business, Obama is bad for business.

He is bad for business. This recovery would've happened years ago without the massive divide that was created with Obamacare. Business people aren't stupid. They made money during Carters term too. And they made lots of money during Clintons term.

But let's keep it real. The stock market gains don't effect very many people. Jobless rates are still way too high. Gas prices are way to high. Food prices are rising rapidly..

[_Richard_]

blame the black guy!

we get it

problem is.. economy has been sliding for some time now, yes?

[Minte]

blame the black guy!

we get it

problem is.. economy has been sliding for some time now, yes?

He is the potus and he is black..so that would be the obvious conclusion.

[_Richard_]

funny the focus of your answer

telling

[directfiesta]

Reminds me of Stickyfingers .... Fedex Enveloppe ...

[SuckOnThis]

He is bad for business.

Agreed. He's fucking terrible, a blind man could see that.

[_Richard_]

Agreed. He's fucking terrible, a blind man could see that.

HAY

Stop posting all those Gang Signs

[StickyGreen]

It's crazy how someone can attribute something like the Dow Jones being at a high level to Obama, as if he had something to do with it... lol

It's so high right now due to the Federal Reserve propping up the economy by introducing $85 Billion new dollars into the money supply each month. This charade can only go on for so long...

[Minte]

It's crazy how someone can attribute something like the Dow Jones being at a high level to Obama, as if he had something to do with it... lol

It's so high right now due to the Federal Reserve propping up the economy by introducing $85 Billion new dollars into the money supply each month. This charade can only go on for so long...

What's even funnier is how these idiots can cackle on about how good Obama is for the stock market when I know damn well they will never make a single cent in it.

[SuckOnThis]

What's even funnier is how these idiots can cackle on about how good Obama is for the stock market when I know damn well they will never make a single cent in it.

What? Trickle down is bullshit?

[pimpmaster9000]

Once again sport...you are ignorant about the subject you are talking about...it does not quiet work that way.

yes yes the basic laws of economy cease to exist when theking says so...

the famous "a dollar is a dollar inside the USA" short sighted argument...

1) your weak dollar may be good for export but you do not produce much these days do you? you have to take your weak dollar and pay outsourced work with it and this relies on 3rd world counties artificially pegging their currency against yours not a solid long term foundation for the USA eh?

2) the US gov may be able to print money and dump it, but your corporations can not...their investment/buying power is linked to the weak US$ OR AT BEST profits they made abroad outside the USA like apple that keeps its foreign profit money abroad ....SURE they make bank ABROAD...BUT this money is now super expensive to bring back to the USA...this money has actually nothing to do with the USA its private and will be invested in more outsourcing...bright future eh?

3) your economy just got cheaper for the petro dollar crowd to buy...this is not good for your economy by any stretch of the imagination...your piece of the pie is getting smaller and smaller...

you are like frank for bitcoins no amount of logic and common sense can stand in the way of your faith in a sinking ship

[grumpy]

stockexchange has its own economy, it not at all related anymore to the people economy, unemployment worldwide has never been higher, debts has never been higher, stockexchange has never been higher, be alert for the next big bubble, the stock bubble, dont say i didnt warn you.

[seeandsee]

obama saves world asses

[2MuchMark]

The FED is printing money and it makes the Wall Street crooks go crazy. Simple as that. Just like how a single tweet crashed it, the opposite happens when money is created from nothing. Gives them a boner.

Only the US Treasury can print money, not the Federal Reserve. Printing money would cause deflation. The more money in circulation the less it is worth. The carton of milk that cost $1.00 yesterday would cost $100 today which clearly is not the case.

[tony286]

Only the US Treasury can print money, not the Federal Reserve. Printing money would cause deflation. The more money in circulation the less it is worth. The carton of milk that cost $1.00 yesterday would cost $100 today which clearly is not the case.

Thank you well said

[_Richard_]

Only the US Treasury can print money, not the Federal Reserve. Printing money would cause deflation. The more money in circulation the less it is worth. The carton of milk that cost $1.00 yesterday would cost $100 today which clearly is not the case.

unless the new money was being exported.. and that just means your hyper inflation is 'put off'

[sperbonzo]

unless the new money was being exported.. and that just means your hyper inflation is 'put off'

BINGO! Which is exactly what is happening. **********, you really should try googling and reading some articles about the exporting of US inflation that is going on. You may rethink what you just posted.




.

[crockett]

What? Trickle down is bullshit?

Come now Trickle down is Reagan Gospel.. Saying that was bull shit is like saying the Bible is fake!

Besides that lets not forget you can only say it was Obama fault if it's bad. That's the way it works in Rightyland. However anything that was bad during Bush's term was the Liberal controlled congress's fault. Don't you guys know anything...

[_Richard_]

Come now Trickle down is Reagan Gospel.. Saying that was bull shit is like saying the Bible is fake!

Besides that lets not forget you can only say it was Obama fault if it's bad. That's the way it works in Rightyland. However anything that was bad during Bush's term was the Liberal controlled congress's fault. Don't you guys know anything...

Reagan Gospel? He wishes:

horse and sparrow economics (1800s)

Supply Side Economics (1920s-1950s)

Trickle Down Economics (1960s+)

[StickyGreen]

Only the US Treasury can print money, not the Federal Reserve. Printing money would cause deflation. The more money in circulation the less it is worth. The carton of milk that cost $1.00 yesterday would cost $100 today which clearly is not the case.

Printing money causes inflation, not deflation lol. The main reason we aren't feeling the effects of the inflation yet is because it is being exported.

And I think you might be confused by the term "printing," only a tiny percentage of U.S. dollars in the total money supply are actual paper bills, the rest are simply digits on a computer screen which originate from the Federal Reserve, not the Treasury.

So when you hear people talking about the Federal Reserve "printing" $85 Billion new dollars per month with their "quantatative easing" programs they are not talking about physical paper money.

[_Richard_]

What's even funnier is how these idiots can cackle on about how good Obama is for the stock market when I know damn well they will never make a single cent in it.

need this, yes?

tell me, what's it like being a big factory owner, coming to a board full of 'idiots', and telling them how much money they won't make? Feels good?

[Minte]

need this, yes?

tell me, what's it like being a big factory owner, coming to a board full of 'idiots', and telling them how much money they won't make? Feels good?

It's not a board full of idiots. There are many very bright people that post here. There are also still some very successful people that post here.

What's it like not being a part of either of those groups.

[pornmasta]

I don't find this one so good...

[_Richard_]

It's not a board full of idiots. There are many very bright people that post here. There are also still some very successful people that post here.

What's it like not being a part of either of those groups.

you tell me

btw:



classy.