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Thread: 15000 Dow

  1. #1
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    15000 Dow

    Explain asshats. Explain how in a country where our country is run by a man who steals money from the rich is president while the stock market is through the roof.

    Is he secretly letting the rich get richer so he can steal more money?

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    Its hard to explain, I think the picture helps.


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    Quote Originally Posted by PlumberKhan View Post
    Explain asshats. Explain how in a country where our country is run by a man who steals money from the rich is president while the stock market is through the roof.

    Is he secretly letting the rich get richer so he can steal more money?
    It's severely overinflated. Just watch where it goes over the next year.

    Just wait till they take over your qualified monies too.

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    Quote Originally Posted by JetsfanfromtheBURGH View Post
    It's severely overinflated. Just watch where it goes over the next year.

    Just wait till they take over your qualified monies too.
    So no one is making money?

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    Quote Originally Posted by cr726 View Post
    So no one is making money?
    There are plenty making money. Hell, everyone is making money now. But I wouldn't trust more than a 1/3 of my money in the market. I wouldn't tell my clients to do something I wouldn't do, that's for sure.

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    The more I research Wall St the more I realize how separated from the real economy Wall St has become. Wall St no longer serves its function of providing a source of capital to fuel the economy all the money is going to 8 people and winding up in off-shore tax shelter savings accounts and not going back into the economy. Deregulation and derivatives have turned Wall St into a casino that has nothing to do with what happens in the rest of the country. 15000 dow yet the recession is still going strong. Reaganomics is a joke.

    Michael Moore was right. Sorry guys.

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    Quote Originally Posted by detjetsfan View Post
    The more I research Wall St the more I realize how separated from the real economy Wall St has become. Wall St no longer serves its function of providing a source of capital to fuel the economy all the money is going to 8 people and winding up in off-shore tax shelter savings accounts and not going back into the economy. Deregulation and derivatives have turned Wall St into a casino that has nothing to do with what happens in the rest of the country. 15000 dow yet the recession is still going strong. Reaganomics is a joke.

    Michael Moore was right. Sorry guys.
    'Pirates of manhattan'

    Read it.

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    Quote Originally Posted by JetsfanfromtheBURGH View Post
    'Pirates of manhattan'

    Read it.
    A book written in the 60's says the same thing. This is not new news.

    "Where are the customers yachts".

    Many if not most wall streeters are grossly over paid. Even here..I do tax return s for traders , most make between 700 and 1.8 mil. a year.


    To the OP, my dear friend PK, IMO.... investors seeking yield, unavailable in the bond market, equities are the only solution. This is, IMO, classic macro economic supply push. Over hyped...maybe now a bit but companies, through technology, no longer need bloated payrolls and acordingly, profits are made.

  9. #9
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    Quote Originally Posted by PlumberKhan View Post
    Explain asshats. Explain how in a country where our country is run by a man who steals money from the rich is president while the stock market is through the roof.

    Is he secretly letting the rich get richer so he can steal more money?
    He's been secretly stopped by the Republican House of Representatives and neither the Republicans or the Democrats can get in the way.
    Last edited by Winstonbiggs; 05-09-2013 at 09:16 AM.

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    Obama is a teleprompter-reading stooge of both Wall Street and the CIA.

    I get most of my news from CNBC and the concensus there is that the ONLY reason why the financial markets are doing so well is because of the FED pumping money into the markets.

    But the FED expects to stop pumping money into the markets in about two years. Then the s**t hits the fan.

    http://www.youtube.com/watch?v=5ZTlsDepd08

    Things will be so bad, Hillary Clinton could decide not to run for President.


  11. #11
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    Quote Originally Posted by AlbanyJet View Post
    Obama is a teleprompter-reading stooge of both Wall Street and the CIA.

    I get most of my news from CNBC and the concensus there is that the ONLY reason why the financial markets are doing so well is because of the FED pumping money into the markets.

    But the FED expects to stop pumping money into the markets in about two years. Then the s**t hits the fan.

    http://www.youtube.com/watch?v=5ZTlsDepd08

    Things will be so bad, Hillary Clinton could decide not to run for President.

    **** will not hit the fan you will rotate into fixed income.

  12. #12
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    Quote Originally Posted by Winstonbiggs View Post
    **** will not hit the fan you will rotate into fixed income.
    And then equities will fall/stabilize to more normal levels.

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    Quote Originally Posted by PlumberKhan View Post
    Explain asshats. Explain how in a country where our country is run by a man who steals money from the rich is president while the stock market is through the roof.

    Is he secretly letting the rich get richer so he can steal more money?
    I not quite sure you're well versed in how the Stock Market actually works, what drives it, nor how corporate-political patronage is handed in the current era. The President, like all Presidents, is a corporatist. Just look at his Affordable Healthcare legislation as an example, which is very generous/profitable for that industry.

    Business, generally speaking, is profitable right now. Buying Debt, with rates as low as they are, is a safe, but very low-yield investment. As such, the Stock Market is currently undergoing a bubble. Like all bubbles, this one will burst. It's only a matter of when.

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    Right now many equities are grossly overpriced by historical standards.
    I own 23 different stocks. 20 are overpriced. We're talking high quality companies. Their earnings do not justify their market price. The prices will either stagnate or fall. Who cares. Good companies long term will advance.
    Every stock I own pays at least a 2.8% dividend-not bad. A couple over 4.5%. If you buy Exxon, for example, you're going to see a regular, long term price increases plus virtually guaranteed yearly dividend increases.
    If you but Get Rich Quick Flashdrive, it's quick buck or big loss. Usually loss. See the excitement on Facebook.
    I have no intention of selling anything ever. Pass it along eventually.
    High quality corporate and municipal bonds - nobody talks about them but that's where income is.

  15. #15
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    Quote Originally Posted by Churchill View Post
    I not quite sure you're well versed in how the Stock Market actually works, what drives it, nor how corporate-political patronage is handed in the current era. The President, like all Presidents, is a corporatist. Just look at his Affordable Healthcare legislation as an example, which is very generous/profitable for that industry.

    Business, generally speaking, is profitable right now. Buying Debt, with rates as low as they are, is a safe, but very low-yield investment. As such, the Stock Market is currently undergoing a bubble. Like all bubbles, this one will burst. It's only a matter of when.
    This is not a bubble. In need of a correction? yes. But even 2008 was not so much a bubble as a panic sell off. The only true bubble in our lifetime was 2000 tech. All other major market corrections regained their previous level within 5 years.

  16. #16
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    Quote Originally Posted by palmetto defender View Post
    Right now many equities are grossly overpriced by historical standards.
    I own 23 different stocks. 20 are overpriced. We're talking high quality companies. Their earnings do not justify their market price. The prices will either stagnate or fall. Who cares. Good companies long term will advance.
    Every stock I own pays at least a 2.8% dividend-not bad. A couple over 4.5%. If you buy Exxon, for example, you're going to see a regular, long term price increases plus virtually guaranteed yearly dividend increases.
    If you but Get Rich Quick Flashdrive, it's quick buck or big loss. Usually loss. See the excitement on Facebook.
    I have no intention of selling anything ever. Pass it along eventually.
    High quality corporate and municipal bonds - nobody talks about them but that's where income is.
    Please consider donating some at FMV. I have a scholarship fund for needy students here. Would love a contribution

  17. #17
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    Quote Originally Posted by southparkcpa View Post
    This is not a bubble. In need of a correction? yes.
    A contradiction.

    By definition, if the market is in need of a downward correction, it's experiencing some form of bubble, i.e. an artificial inflation of market value not adequately supported by the actual products themselves.

    If you prefer to call it "in need of a correction", so be it. Tomato, Tomatoe.

  18. #18
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    Quote Originally Posted by Churchill View Post
    A contradiction.

    By definition, if the market is in need of a downward correction, it's experiencing some form of bubble, i.e. an artificial inflation of market value not adequately supported by the actual products themselves.

    If you prefer to call it "in need of a correction", so be it. Tomato, Tomatoe.
    Fair enough.


    I view a bubble as a say...ten to 20 percent or more drop.

    I don't see that here. I see a small drop followed by a 2 to 3 year run of marginal if any real gains.

  19. #19
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    Two words: Quantitative Easing

    The Fed is pumping 10's of billions of dollars into financial assets every month, and there is no end in sight.

    In my opinion, Dow is going to 20,000 before the eventual correction. At this point, the best strategy is to hold your nose and ride the wave.

  20. #20
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    Quote Originally Posted by southparkcpa View Post
    Please consider donating some at FMV. I have a scholarship fund for needy students here. Would love a contribution
    Sorry, cpa. Spoken for at 2 ACC and 2 SEC schools. They took care of me and mine, so they get a payback.
    Hey, your income is probably up there for a "younger" guy. You still work.

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