BREAKING: Dow Jones hits record high! WooHoo!

[BuyingThyme]

:woohoo:

That's right, with the exception of 1988, the Dow Jones has hit a record high every friggin' year since 1979! Holy smokes! That's some good tradin'!

Well, as long as we don't count 2001, 2002, 2003, 2004, and 2005, that is.

For some reason it took Simpy Chimpy six years to make it just once. I guess that's what stayin' the course will get ya.

But we can't give him all the credit. He had Ken Lay and Dick Cheney on his side. And rumor has it that one of those guys is still alive.

So, we have much to celebrate. Here's hopin' for two more years of the same:



http://www.geocities.com/MadisonAvenue/1147/table25.html
http://news.yahoo.com/s/afp/20061024/ts_alt_afp/usstocks_061024214800

[maxsolomon]

1. "A recession is when wealth returns to its rightful owners"

i dunno where i heard that. it sure pissed me off.

[John Gauger]

2. I know.

It's so stupid when they laud a new high. The record we just broke a few weeks ago was from six years ago. That's bad. That means that it has failed to go up for six years. It's supposed to go up. Going up is normal. Going up quickly is something to be glad about. And that disregards the fact that the DOW measures the wealth of corporations and nothing more. A record high in the DOW does not a good economy make. It just means that the rich are getting richer.

[catmandu57]

3. You'll excuse me if I don't get up

for this news.

[Rabrrrrrr]

4. If one compares this war criminal's record to the great depression

one can see that six years of republican utter inactivity is utterly bankrupt -- morally, ethically, and economically -- compared to what happened when FDR became president and actually came up with EFFECTIVE and REALISTIC plans that ACTUALLY FUCKING WORKED.

[Hubert Flottz]

5. They are trying to help Bushco and to make the case for Bush's

push for privatization of social security look better. They are setting the Social Security program up for the kill. If they EVER get that money invested in the market they will crash the market and steal the last big prize the neocons and friends were after. If you think the big corporations and the FED can't manipulate the flow of cash at will...follow the gas prices.

[skids]

6. Yes investors must smell a Democratic landslide in the works. n/t

[drb]

7. If you're interested in "why" this is happening.....

....here's an answer for you:

http://www.whiskeyandgunpowder.com/Archives/2006/20061006.html

The federales are borrowing money from the Red Chinese to buy up the stock market. Note the part about "the stocks that make up the index are doing great, while all the other stocks are lagging."

-----------------------------

No matter how cynical you become, it's never enough to keep up. - Lily Tomlin

[porphyrian]

8. There must have been record layoffs recently.

There's really no other reason for it.