Dow rises to highest finish of the year

[No Passaran]

Source: CNN

Stocks surged Thursday, hitting their highest levels in nearly 9 months as investors eyed the latest batch of better-than-expected profits and forecasts and a report that suggested the labor market is starting to stabilize.


Read more: http://money.cnn.com/2009/07/30/markets/markets_newyork/index.htm?postversion=2009073011

[fascisthunter]

1. good for Wall Street, not so Good for Main Street

[maxsolomon]

2. its the even-more-jobless-than-before recovery!

way to go wall street - you sure take good care of yourself!

[Common Sense Party]

3. You do realize that those companies whose stocks are up aren't LOCATED on Wall Street?

They are located all over the country. Those companies earnings are up. That's a good thing--when things continue to go well, when sales and profits go up, then the companies can hire more people.

[pampango]

4. I think lots of folks want the hiring to happen before the earnings are up.

It's a little bit of a chicken-and-egg thing. Is it hiring leads to more production, leading to more sales, leading to more hiring and earnings. Or is it more earnings lead to more hiring, leading to more production, leading to more sales, leading to more hiring and earnings? :)

[Common Sense Party]

6. Any business owner will tell you it's the latter.

We'd ALL love it if it were the former. "If I hire more people, I'll make more money? OK, I'll hire a million today!"

[tomreedtoon]

8. Those companies AREN'T in America, Common Sense Party.

They're located in the Cayman Islands, where they don't have to pay US taxes. And their factories and offices are in India and China, where slave labor gets paid $2 a day.

Get it through your thick skull: when the Dow Jones goes up, we Americans lose our jobs, our health care, and soon our lives. The Dow is a measure of human pain and misery.

[brentspeak]

11. Exactly

In many ways, the Dow going up means life is getting worse for 80% of Americans.

[Common Sense Party]

13. It must be blissful going through life without a clue

and with no understanding of markets or economics.

[DJ13]

5. Its like making love to a beautiful woman

And just as you finish she tells you she has VD.

[PSPS]

7. Indicative of nothing. It's a casino controlled by front-runners.

[Union Yes]

9. Fuck the greatest ponzi scheme ever inflicted on humanity- The DOW.

People are starving and suffering. Unemployment and poverty are exploding.

Our currency is in a state of freefall.


Fuck the DOW, fuck everything that it stands for!

[onehandle]

10. My 401k lost over 50% of its value in Bush's 8 years. Up 30% since January.

Republicans? Will you ever learn?

[Puzzler]

12. Notice how the MSM does not credit Obama with stopping the Dow from tanking...

... and yet, when it was tanking, many pundits in the MSM were slamming Obama.

Now that the Dow is up... nothing to see here, move on.