Dow Industrials Close Highest Since Dec 2007

[wbcoleman]

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.

In an inflationary environment there's something to be said for that.  Of course, in the early 1930's cash was becoming more valuable.

[clistensprechen]

Nah. If that was the case, they'd wait until after November. They don't want Captain Bankruptcy Romney.

[wbcoleman]

Nah. If that was the case, they'd wait until after November. They don't want Captain Bankruptcy Romney.

Markets are forward-looking and discount future expectations.

[RWE]

Nah. If that was the case, they'd wait until after November. They don't want Captain Bankruptcy Romney.

Markets are forward-looking and discount future expectations.

Maybe the markets are anticipating QE3 and the accompanying bubble.

[wbcoleman]

Nah. If that was the case, they'd wait until after November. They don't want Captain Bankruptcy Romney.

Markets are forward-looking and discount future expectations.

Maybe the markets are anticipating QE3 and the accompanying bubble.

That's possible, too.

[clistensprechen]

Nah. If that was the case, they'd wait until after November. They don't want Captain Bankruptcy Romney.

Markets are forward-looking and discount future expectations.

You don't realize what a self-contradiction your statement is, apparently. 

[wbcoleman]

Nah. If that was the case, they'd wait until after November. They don't want Captain Bankruptcy Romney.

Markets are forward-looking and discount future expectations.

You don't realize what a self-contradiction your statement is, apparently. 

You're right!  It's a standard economic statement.  I guess your education went a little light on econ!