Dow Industrials Close Highest Since Dec 2007

[clistensprechen]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

[Woody]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

Twitter?  Sure.  I'll stick with the anticipation of a euro bailout and QE3.  And before you celebrate we still will own 20% of AIG.  Not a success yet.

[wbcoleman]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

For all I know the market could be anticipating the End of Obamism as We Know It.

[RWE]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

What do you think is going to happen if you borrow a trillion bucks a year and pump it into the economy? Prices go up. Like gas, food and the stock market. Obamanomics: put the American people deep into debt so you can buy their votes.

[RWE]

Table A-1. Employment status of the civilian population by sex and age
http://www.bls.gov/news.release/empsit.t01.htm

Total Employed
Not Seasonal Adjusted                       
                        July 2012=143,126,000
                        Aug 2012=142,558,000

A difference of 568,000 fewer employed from July to August 2012.

Total Employed
Seasonal Adjusted
                        July 2012=142,220,000
                        Aug 2012=142,101,000
A difference of 119,000 fewer employed from July to August 2012

Persons who currently want a job:NSA
                July 2012=6,837,000
                 Aug 2012=7,031,000
An increase of 194,000 persons who currently want a job.

Persons who currently want a job:SA
                 July 2012=6,554,000
                 Aug 2012=6,957,000
An increase of 403,000 persons who currently want a job.

[wbcoleman]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

What do you think is going to happen if you borrow a trillion bucks a year and pump it into the economy? Prices go up. Like gas, food and the stock market. Obamanomics: put the American people deep into debt so you can buy their votes.

It is certainly true that Uncle Ben Bernanke has been consciously aiming to inflate asset markets.

[clistensprechen]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

What do you think is going to happen if you borrow a trillion bucks a year and pump it into the economy? Prices go up. Like gas, food and the stock market. Obamanomics: put the American people deep into debt so you can buy their votes.

Tell that to the untaxable rich, whose cash stash keeps getting devalued with the printage of money. It's just as much in their interest for them to let loose of their wads as it is in the national interest.

[clistensprechen]

Table A-1. Employment status of the civilian population by sex and age
http://www.bls.gov/news.release/empsit.t01.htm

Total Employed
Not Seasonal Adjusted                       
                        July 2012=143,126,000
                        Aug 2012=142,558,000

A difference of 568,000 fewer employed from July to August 2012.

Total Employed
Seasonal Adjusted
                        July 2012=142,220,000
                        Aug 2012=142,101,000
A difference of 119,000 fewer employed from July to August 2012

Persons who currently want a job:NSA
                July 2012=6,837,000
                 Aug 2012=7,031,000
An increase of 194,000 persons who currently want a job.

Persons who currently want a job:SA
                 July 2012=6,554,000
                 Aug 2012=6,957,000
An increase of 403,000 persons who currently want a job.

Any of that militarily adjusted or public sector adjusted?

[clistensprechen]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

What do you think is going to happen if you borrow a trillion bucks a year and pump it into the economy? Prices go up. Like gas, food and the stock market. Obamanomics: put the American people deep into debt so you can buy their votes.

It is certainly true that Uncle Ben Bernanke has been consciously aiming to inflate asset markets.

Koch Bros & Adelson have that covered, having already blown wads into the economy with more to come. A truckload of ad spending will float all boats before November.  :cheers:

[wbcoleman]

Shreveport Times

This article reports on positive anticipation regarding the results of the Fed meetings, but Twitter scuttlebutt was all about the success of the AIG bailout and recent sale of shares.

What was that you were saying about the economy, Romney? Eh? Wut?

What do you think is going to happen if you borrow a trillion bucks a year and pump it into the economy? Prices go up. Like gas, food and the stock market. Obamanomics: put the American people deep into debt so you can buy their votes.

It is certainly true that Uncle Ben Bernanke has been consciously aiming to inflate asset markets.

Koch Bros & Adelson have that covered, having already blown wads into the economy with more to come. A truckload of ad spending will float all boats before November.  :cheers:

Hey, in Sheldon I trust.  Bought some LVS under $40/share.

[clistensprechen]

Kewl. Thanks for boosting Obama's Economy.

[wbcoleman]

Kewl. Thanks for boosting Obama's Economy.

You need to import a thumbs-up emoticon!

[kentay]

This is just one more reason President Obama will be rehired. kentay

Dow hits highest mark since '07
September 7, 2012 |
By Matthew Craft and Bernard Condon

NEW YORK -- The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent.

But on Thursday, the market moved swiftly in the other direction.

The Dow Jones Industrial Average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008 in a rally that seemed destined to mark a milestone: American stocks have come almost all the way back.

A long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were extraordinarily broad.

"There's just a sea of green," said JJ Kinahan, TD Ameritrade's chief derivatives strategist. "It's pretty fun."

At the start of 2008, the U.S. economy was already a month into recession, though most people scarcely knew it at the time. The S&P had recently hit an all-time high, and the unemployment rate was 5%, compared with the current 8.3%.

Then, in March 2008, the investment bank Bear Stearns collapsed under the weight of bad mortgage bets, and investors began to sell.

In September, the full financial crisis took hold as Lehman Brothers filed for bankruptcy, banks stopped lending to each other and investors began dumping stocks in earnest.

By March 2009, the S&P had dropped 57% from its high to hit a 12-year low of 676.

Since then, the index has been on an impressive if often bumpy climb.

Helping to power it was unprecedented support from the Federal Reserve, which critics say has reignited a dangerous gambling spirit among professional investors, and record profits at big U.S. companies.

Although stocks have rebounded, the broader economy is still lagging. But Barry Knapp, head of U.S. equity strategy at Barclays Capital, said stocks tend to anticipate the future economy rather than reflecting current conditions.

"It can be a misleading forecasting tool, but sometimes it's telling you something significant," he said. "It's entirely possible the stock market is telling us that there is a better economic environment out there."
So could the rally help President Barack Obama?

A number of recent studies have connected a rising stock market to improved odds of re-election for the incumbent president.

Since 1900, when the S&P 500 has posted gains from July to October in an election year, voters returned the sitting president to the White House 80% of the time, according to a study by S&P Capital IQ.

The S&P 500 index jumped 28.68 points to 1,432.12. The Dow Jones surged 244.52 points to 13,292.

The Nasdaq composite index also reached a milestone, gaining 66.54 points to close at 3,135.81, its highest level in 12 years.

http://www.freep.com/article/20120907/BUSINESS07/309070058/Dow-hits-highest-mark-since-07

[clistensprechen]

Well, there ya go. Money is worth something only when it's spent. The rich would be well advised that the only way to preserve the value of the money they're sitting on is to spend it. As long as they just sit on their wads, it's only paper of eroding value.

[wbcoleman]

This is just one more reason President Obama will be rehired. kentay

Dow hits highest mark since '07
September 7, 2012 |
By Matthew Craft and Bernard Condon

NEW YORK -- The last time the stock market was this high, the Great Recession had just started, and stocks were pointed toward a headlong descent.

But on Thursday, the market moved swiftly in the other direction.

The Dow Jones Industrial Average hit its highest mark since December 2007, and the Standard & Poor's 500 index soared to its highest level since January 2008 in a rally that seemed destined to mark a milestone: American stocks have come almost all the way back.

A long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were extraordinarily broad.

"There's just a sea of green," said JJ Kinahan, TD Ameritrade's chief derivatives strategist. "It's pretty fun."

At the start of 2008, the U.S. economy was already a month into recession, though most people scarcely knew it at the time. The S&P had recently hit an all-time high, and the unemployment rate was 5%, compared with the current 8.3%.

Then, in March 2008, the investment bank Bear Stearns collapsed under the weight of bad mortgage bets, and investors began to sell.

In September, the full financial crisis took hold as Lehman Brothers filed for bankruptcy, banks stopped lending to each other and investors began dumping stocks in earnest.

By March 2009, the S&P had dropped 57% from its high to hit a 12-year low of 676.

Since then, the index has been on an impressive if often bumpy climb.

Helping to power it was unprecedented support from the Federal Reserve, which critics say has reignited a dangerous gambling spirit among professional investors, and record profits at big U.S. companies.

Although stocks have rebounded, the broader economy is still lagging. But Barry Knapp, head of U.S. equity strategy at Barclays Capital, said stocks tend to anticipate the future economy rather than reflecting current conditions.

"It can be a misleading forecasting tool, but sometimes it's telling you something significant," he said. "It's entirely possible the stock market is telling us that there is a better economic environment out there."
So could the rally help President Barack Obama?

A number of recent studies have connected a rising stock market to improved odds of re-election for the incumbent president.

Since 1900, when the S&P 500 has posted gains from July to October in an election year, voters returned the sitting president to the White House 80% of the time, according to a study by S&P Capital IQ.

The S&P 500 index jumped 28.68 points to 1,432.12. The Dow Jones surged 244.52 points to 13,292.

The Nasdaq composite index also reached a milestone, gaining 66.54 points to close at 3,135.81, its highest level in 12 years.

http://www.freep.com/article/20120907/BUSINESS07/309070058/Dow-hits-highest-mark-since-07

You could be right about this.  On the other hand, perhaps the market is soaring because it is anticipating the imminent End of Obamism as We Know It.