One Year Post Economic Stimulus in a Picture

[berni_mccoy]

Dow almost at 11k.

65.5% gain.

[phantom power]

1. On the one hand, huzzah for my 401k. On the other hand...

I wonder if it should really be doing so well. The economy doesn't seem very healthy to me.

[berni_mccoy]

2. Last year we were losing 700k jobs / month. Last month saw 162k new jobs.

It's much healthier than it was this time last year.

And consider all those who must live off their 401k plans.

[phantom power]

12. I'd agree that it is stabilizing, but it is stabilizing at 'unhealthy'.

[laughingliberal]

16. I believe your question is if we are building another bubble which is set to blow up at some point,

thus stealing some more billions out of the pockets of the average American. My impression is that we are. It's hard for me to see on what basis the market is going up other than some shuffling around of the money at the top. Oil prices going up also drive the markets up a little but increasing oil prices are good for the stock market and bad for just about any other business in the country.


With the banks and Wall Street still operating under the same rules that got us here and the oil speculators back in the market just as they were right before the crash, I think there's reason to hold off on breaking out the noisemakers and party hats.

[unblock]

6. it's all relative. a year ago there was raging panic. today, the panic is more subdued.

kinda like when the doctors kick you out of the emergency room. you're not well, but you're better than when you went in.

[laughingliberal]

17. thus lulling the gullible American public back into a decreased state of vigilance

so they can move in for their next robbery of the little the American people have left.

[unblock]

24. so get out there and buy, buy, BUY!

[NJmaverick]

3. It's getting better all the time....

[unblock]

5. bet-tahh, bet-tahh, behhhhh-tahh!

[leftstreet]

4. This info needs to get out to the homeless. Could really cheer them up

I'm thinking maybe a flier with pictures?

:shrug:

[scheming daemons]

7. Ah... the old "if somebody, somewhere is suffering - everything must be bad" canard

Things are moving in the right direction.

Everybody's problems are not solved immediately, and there will never be a situation in which there are no destitute people in the world.

The bottom line is this... gradually and steadily, the number of people in bad economic straits is going down.


You can applaud the good news.... or continue the b.s. statements that as long as somebody is hurting, everything is bad.

[berni_mccoy]

9. Ah I see. We can't help ANYONE unless we can help 100% of the population...

:eyes:

[laughingliberal]

18. Might be good if we could find a way to help more than the top 1%, though

I'm skeptical what the increase in the market could be about with no changes to the rules under which Wall Street and the banks are playing. Oil speculators are doing well but that tends to drain money from what we refer to as the 'real economy.' I know the crash we experienced in 2008 would probably not have been quite as hard if people and businesses had not been seeing so much of their income going in the gas tank in the months leading up to the crisis.

[berni_mccoy]

21. This indicator is help to anyone with a 401k, or about 90% of the population.

I guess you missed the jobs data.

[laughingliberal]

25. I guess we lost most of our 401k in the last crash and what was left

we had to withdraw after I lost my job to pay the $1200 per month premium on my COBRA until my husband could finish his cancer treatments. Congratulations on your ship coming in, though. I sincerely hope the market holds and we don't see another crash. Great jobs report. My state is still at 13.2% with more layoffs across the state announced this morning. But, I'm happy for those who aren't still wondering where their next meal is coming from.

[amborin]

8. all the HCR corporate giveaways are very helpful and this shows it!

[berni_mccoy]

10. Can't stand President Obama succeeding. Check. Your concern is duly noted.

[amborin]

11. Fail! It's the corporations that are succeeding! your OP shows that loud and clear

[berni_mccoy]

13. Corporations EMPLOY people. Most people's savings are in 401k plans.

The fact that you don't see the good in the growth of the market is evidence of your foremost desire to see the administration fail.

[laughingliberal]

23. Sure. We have really loved the past 30 years where we get to watch the market 'reset' our retirement

plans every few years. What I see is a market that is doing business the same way they were before the '08 crash and, thus,there is reason to suspect another bubble. Add in the fact that the oil speculators are back at it just as they were for the entire summer before the crash and I think we are seeing a the sequel to a bad movie we already saw.

[laughingliberal]

19. We're very happy for his success and we eagerly await the day all that success starts trickling back

down into something we can use to feed our families.

[Odin2005]

14. Wall Street is NOT THE ECONOMY! Fuck them!

[berni_mccoy]

15. Markets are an indicator of the economy. And many indicators...

Are saying the economy is on the mend. The stimulus worked.

[laughingliberal]

20. In the current environment markets are a poor indication of the health of what is called the 'real

economy.' I thought we had seen the danger of the market bubbles and that they are not an indication of healthy growth.

[berni_mccoy]

22. You feel compelled to spam this thread with factless negativity.

Interesting.

[laughingliberal]

26. I think the fact is the 'street' and the banks are still doing business the same way they have been

and the oil speculators are doing exactly what they were before the last crash. I hope things go better with this bubble than they did with the last one but I live in a state that is still at 13.2% unemployment and still climbing. I'm just wondering on what strength the market is going back up. Even the White House said, the other day, they don't expect to see unemployment back down below 8% until 2012.

[laughingliberal]

29. duplicate

n/t

[newportdadde]

27. I wonder what it would be if they hadn't replaced GM and Citigroup.

On June 8, 2009, General Motors and Citigroup were replaced by The Travelers Companies and Cisco Systems, which became the third company traded on the NASDAQ to be part of the Dow

Travelers and Cisco are both currently trading near 52 week highs with 52 week ranges of TRV -> 37.22 - 54.83 and Cisco -> 16.58 - 26.85

There is no fundamental reason for a 65% gain across the market, it is a reinflated bubble.

[Greyhound]

30. Why do you hate America?

:rofl:
When the numbers are bad, the easiest way to lie about them is to remove any baseline and insert the data points you want to count. Voila! The bad disappears like magic, and all is well.

[Greyhound]

28. Anther false premise from the spin-mill.

The DJIA reflects nothing but the status of the parasite class.