DOW up 500 points the last 5 days......

[KansasVoter]

I bet the GOP is Pissed about that!!

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

[mnhtnbb]

1. The talking heads are spouting that the market is making nice gains on good news

and not falling on bad news.

The trigger today was word at 2 PM that "the worst is over" from Roubini, the economist known as
"Dr. Doom"

http://www.cnbc.com/

[On the Road]

6. Holy Shit!

*Roubini* said the worst is over? That is quite a turnaround from him.

[Orsino]

15. Perhaps he meant that the worst is over...

...for America's ruling class, and that our overlords will soon be able to resume stealing from us.

[earthside]

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.

[jefferson_dem]

3. Sure. So investers are gambling and speculating about the economy...

but what happens in the market has little to do with the economy. Gotcha.

[Beaverhausen]

5. I think I read GM and Chrysler are re-opening some of their plants

[CreekDog]

12. I increased my investment in the stock market when it was at its low point

and I've been doing so ever since.

not because I'm a gambler or speculator but because I honestly thought a lot of good companies were undervalued, like Ford at $2 :wtf:

[Lochloosa]

18. Same here. I'm up 22% last quarter

[quiller4]

17. New filingds for UI are down. Consumer debt is down, savings and spending up

This is the start of recovery. Earnings have to increase substantially before hiring begins in any meaningful way.

Investors are neither gamblers nor speculatos and I for one am very relieved that my Social Choice CREF funds are finally regaining some of their early losses. Gains in the DOW mean increased security for retirees like my husband and me.

[TexasObserver]

4. And it is a because the market loves Sotomayor AND a health care package.

Hey, if the losers at CNBC and Fox Business News can claim every downtick means the market doesn't like something Obama said ....

[DavidDvorkin]

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!

[wellst0nev0ter]

8. Dow Does Not Equal The Economy (n/t)

[onenote]

9. not precisely. but when the dow was soaring, was the economy worse or better than now?

Can you point to an extended period of time in which the economy was tanking and the dow was doing great, or when the economy was doing great and the dow was tanking...

[Orsino]

16. Good God, no.

The Dow is a measure of how rapidly the rich are able to steal from us.

[Oregone]

10. Bank Bust Friday tomorrow

[Hippo_Tron]

11. At this rate it will soon be OVER NINE THOUSAND!!!!!

[PufPuf23]

13. Asswipes play the market on volatilty not level

High volatility means profit (I typed peofit taking, which may be a good new word for taking from common people, hence the edit) taking and bleeding capital from the market whether the movements are up or down, magnitude per unit time allows a systematic lower risk (and on average greater return -- a form of arbitrage) for those playing market volatilty rather than market value. This is our system exported to the World.

[AllentownJake]

14. Let me see 30 day, 60 day, and 90 day trends

Not 5 day trends.

I'm bearish, would love to be wrong.

[Lochloosa]

19. It's up 2164 points since March. Four month trend.

http://www.google.com/finance?client=ob&q=INDEXDJX:DJI