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Author Topic: DOW up 500 points the last 5 days......  (Read 3601 times)

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Offline CC27

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DOW up 500 points the last 5 days......
« on: July 16, 2009, 04:44:30 PM »
Quote
KansasVoter  (1000+ posts)        Thu Jul-16-09 04:38 PM
Original message
DOW up 500 points the last 5 days......
 Edited on Thu Jul-16-09 04:40 PM by KansasVoter
I bet the GOP is Pissed about that!!

You know those asswipes are praying for the economy not to recover!

 


What a dope. DOW is DOWN DUmmie. It was at 13,000 not that long ago.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x8531593
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Offline thundley4

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Re: DOW up 500 points the last 5 days......
« Reply #1 on: July 16, 2009, 04:50:31 PM »
Dead cat bounce.  Next week it will drop again on profit taking.
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Offline USA4ME

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Re: DOW up 500 points the last 5 days......
« Reply #2 on: July 16, 2009, 04:51:09 PM »
And it'll be down again in the next few days.  Only a fool doesn't recognize that the market is flat and is going to stay that way for a while.  Up a little, down a little.  It's the 1970's all over again.

.
« Last Edit: July 16, 2009, 04:52:42 PM by USA4ME »
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Offline Servonaut

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Re: DOW up 500 points the last 5 days......
« Reply #3 on: July 16, 2009, 04:57:30 PM »
Dummies make me laugh

Quote
earthside (1000+ posts)     Thu Jul-16-09 04:49 PM
Response to Original message
2. Wow!
 Are foreclosures down?

Is GM selling more cars? Chrysler?

Was there a big drop in unemployment?

Did consumers pay down a lot of debt?

Has California found a hidden stash of money?

Did President Obama and Congress suddenly balance the federal budget?

Mmmmm.

The Dow is about gamblers and speculators ... it has little to do with the health of the economy.


Quote
DavidDvorkin  (1000+ posts)        Thu Jul-16-09 05:16 PM
Response to Original message
7. But I read on DU that the economy is going to get far worse
 and that we're all doomed.

This is very confusing!

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Offline miskie

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Re: DOW up 500 points the last 5 days......
« Reply #4 on: July 16, 2009, 05:12:31 PM »
The DOW is going nowhere fast - all the primitive needs to do is to look at its recent history know that. Its gone back and forth between about 8200 and 8800 since about May 1st. I have no reason to think its going to do otherwise now.
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Offline JohnnyReb

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Re: DOW up 500 points the last 5 days......
« Reply #5 on: July 16, 2009, 06:39:42 PM »
DOW up 500 points the last 5 days...well, Obama is back in town so it'll head back down.
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Offline DumbAss Tanker

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Re: DOW up 500 points the last 5 days......
« Reply #6 on: July 16, 2009, 09:27:31 PM »
Quote from: thundley4 on July 16, 2009, 04:50:31 PM
Dead cat bounce.  Next week it will drop again on profit taking.

Pretty much like I'm expecting.  I'm not looking for a sustained upward move until the monthly unemployment percentage number actually stops getting bigger every month than it was the previous month.  Actually moving downward is where the 'Lagging indicator' conventional wisdom comes in, but I'm just talking about checking its growth.
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Offline Happy Fun Ball

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Re: DOW up 500 points the last 5 days......
« Reply #7 on: July 16, 2009, 09:45:23 PM »
Wasn't it Gephardt who said that for every 100 points the Dow Jones loses, the democrats pick up a seat? All this time, I never knew he was a republican.


Oh wait...
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Offline Chris

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Re: DOW up 500 points the last 5 days......
« Reply #8 on: July 16, 2009, 11:38:05 PM »
Five days.  Wow.  I'm underwhelmed. The DJIA average has been gyrating between 8000/8500 since the market drop in October 2008 (excluding the Obumble administration takeover that resulted in a 1500-point plunge in March that we have somewhat "recovered" from. 

Wake me up when the market is trading steadily above 9000 and unemployment here doesn't make France look like a nice place to live.
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Offline The Village Idiot

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Re: DOW up 500 points the last 5 days......
« Reply #9 on: July 16, 2009, 11:44:39 PM »
So DUMB-2
The Wrath of Crap
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Offline Ralph Wiggum

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Re: DOW up 500 points the last 5 days......
« Reply #10 on: July 16, 2009, 11:45:41 PM »
Quote from: Chris on July 16, 2009, 11:38:05 PM
Five days.  Wow.  I'm underwhelmed. The DJIA average has been gyrating between 8000/8500 since the market drop in October 2008 (excluding the Obumble administration takeover that resulted in a 1500-point plunge in March that we have somewhat "recovered" from. 

Wake me up when the market is trading steadily above 9000 and unemployment here doesn't make France look like a nice place to live.

I received a 403b statement yesterday from an old job that I never bothered to roll-over.  Less than 10k so not a big deal....anyway.  It went up over 20% in the 2nd quarter.

Go 0bama!!!!!!!!!! :-)

(I think it lost half its value in the 1st Q)
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Offline Chris

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Re: DOW up 500 points the last 5 days......
« Reply #11 on: July 16, 2009, 11:49:48 PM »
I'm glad I cashed out my 401k from the bank when I did.  Even after taxes, my company stock was valued ~$60 a share.  It's worth less than $15 now. 
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Offline Ralph Wiggum

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Re: DOW up 500 points the last 5 days......
« Reply #12 on: July 16, 2009, 11:58:50 PM »
Quote from: Chris on July 16, 2009, 11:49:48 PM
I'm glad I cashed out my 401k from the bank when I did.  Even after taxes, my company stock was valued ~$60 a share.  It's worth less than $15 now. 

Years ago a company gave me stock as an enticement when I got hired.  When they laid me off, my then wife said I should keep them in our portfolio.  They were trading around $20 or so.  I knew how poorly the company was being run, and sold them.  The stock went below a dime within two years and has now been de-listed.  It wasn't all that much, but it paid for a nice vacation.
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Offline Chris

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Re: DOW up 500 points the last 5 days......
« Reply #13 on: July 17, 2009, 12:08:50 AM »
Quote from: Ralph Wiggum on July 16, 2009, 11:58:50 PM
Years ago a company gave me stock as an enticement when I got hired.  When they laid me off, my then wife said I should keep them in our portfolio.  They were trading around $20 or so.  I knew how poorly the company was being run, and sold them.  The stock went below a dime within two years and has now been de-listed.  It wasn't all that much, but it paid for a nice vacation.
In my many years in the restaurant industry I have noticed that most restaurants do not trade at more than $20.  Even Darden (the last restaurant I worked at) that owns Olive Garden and Longhorn Steakhouse trades in that range.  With the exception of Toyota, most auto companies were trading in the $50-60 range while I was at Ford.  This was 2005-2007.

I guess if you know your market, making money (or avoiding losing it) is not extremely difficult.  Being trapped in a managed mutual fund/retirement account is a different story, but I have a friend who watches the penny stocks and dumps a few thousand in at a time.  His last return was 20-23%.
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Offline jukin

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Re: DOW up 500 points the last 5 days......
« Reply #14 on: July 17, 2009, 10:48:48 AM »
Now the DUchebags are market experts?

Is there any subject that some of the least successful people in the world are not experts on?
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Offline NHSparky

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Re: DOW up 500 points the last 5 days......
« Reply #15 on: July 17, 2009, 10:56:36 AM »
Oh, these ought to make their heads explode.  I would have said brains, but you get the idea:

DJIA 6-MONTH TREND

DJIA 5-YEAR TREND

Can the DUmmies say, going nowhere fast?
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Offline Chris

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Re: DOW up 500 points the last 5 days......
« Reply #16 on: July 17, 2009, 10:58:32 AM »
Quote from: jukin on July 17, 2009, 10:48:48 AM
Now the DUchebags are market experts?

Is there any subject that some of the least successful people in the world are not experts on?
That reminds me of the two homeless people that got into a fight discussing quantum physics.  How do you slap someone with a skateboard over the internet?
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Offline BlueStateSaint

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Re: DOW up 500 points the last 5 days......
« Reply #17 on: July 17, 2009, 03:43:31 PM »
Quote from: jukin on July 17, 2009, 10:48:48 AM
Now the DUchebags are market experts?

Is there any subject that some of the least successful people in the world are not experts on?

Sex.  I'm talking procreative, heterosexual-to-heterosexual sex.
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Offline RobJohnson

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Re: DOW up 500 points the last 5 days......
« Reply #18 on: July 18, 2009, 10:56:55 AM »
Quote from: Ralph Wiggum on July 16, 2009, 11:45:41 PM
I received a 403b statement yesterday from an old job that I never bothered to roll-over.  Less than 10k so not a big deal....anyway.  It went up over 20% in the 2nd quarter.

Go 0bama!!!!!!!!!! :-)

(I think it lost half its value in the 1st Q)

LOL   :lmao:



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Offline RobJohnson

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Re: DOW up 500 points the last 5 days......
« Reply #19 on: July 18, 2009, 11:01:29 AM »
Quote from: Chris on July 17, 2009, 12:08:50 AM
In my many years in the restaurant industry I have noticed that most restaurants do not trade at more than $20.  Even Darden (the last restaurant I worked at) that owns Olive Garden and Longhorn Steakhouse trades in that range.  With the exception of Toyota, most auto companies were trading in the $50-60 range while I was at Ford.  This was 2005-2007.

I guess if you know your market, making money (or avoiding losing it) is not extremely difficult.  Being trapped in a managed mutual fund/retirement account is a different story, but I have a friend who watches the penny stocks and dumps a few thousand in at a time.  His last return was 20-23%.

I have been dumping money into a stock of a company that sells alot of prescriptions. With the expansion of healthcare to DUmmies & all the drugs they take, I should be rich!!!!  :evillaugh:

I get a 10% discount on market price & no broker fees. My last investment was just $1500, but at least I'm not spending every dime that I make on Cheetos & pot.

When things were booming for me in 2001-2004, I should of saved a little more....money isn't everything, but all that cash was nice. I remember making $300 an hour on some jobs.  :banghead:
« Last Edit: July 18, 2009, 11:05:22 AM by RobJohnson »
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Offline TheSarge

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Re: DOW up 500 points the last 5 days......
« Reply #20 on: July 18, 2009, 11:16:26 AM »
Only in the od world known as DU could an increase of 500 points on the dow be considered a good thing after it lost 5000.

Proof positive that Liberals reward failure.
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Offline crockspot

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Re: DOW up 500 points the last 5 days......
« Reply #21 on: July 18, 2009, 12:24:16 PM »
You guys are such chicken littles. Here is proof positive that Obama has turned the economy around.  :thatsright:
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Offline miskie

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Re: DOW up 500 points the last 5 days......
« Reply #22 on: July 18, 2009, 01:57:34 PM »
Quote from: crockspot on July 18, 2009, 12:24:16 PM
You guys are such chicken littles. Here is proof positive that Obama has turned the economy around.  :thatsright:

Wow. That link contains the most stupid thing I have read since Obama took office.
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Offline BlueStateSaint

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Re: DOW up 500 points the last 5 days......
« Reply #23 on: July 18, 2009, 02:10:58 PM »
This is my reponse to the thread on RedState.com on the Larry Summers bit:

Quote
Just WOW

Denial isn't just a river in Egypt.
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