harlinchi
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Tue Apr-18-06 11:25 AM
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Oil at $71 per barrel; Dow Jones up 130 points. |
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The misery of the American people translates into corporate joy. Did'ja ever notice how the markets treat increases in the unemployment numbers?
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xultar
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Tue Apr-18-06 11:26 AM
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Protagoras
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Tue Apr-18-06 11:28 AM
Response to Original message |
2. Wait till you see the Profits for Exxon this quarter |
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I'm sure they are going to take it in the shorts given how much they're being forced to pay...right? er...
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northzax
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Tue Apr-18-06 11:41 AM
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3. why should the price of oil matter to them? |
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you have no alternative, gas could be ten bucks a gallon, and people would still buy it. since when does a pusher care that the junkies are having trouble paying him?
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electron_blue
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Tue Apr-18-06 12:00 PM
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MercutioATC
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Tue Apr-18-06 12:02 PM
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5. Economic indicators measure the business climate, not the overall economy. |
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And for big business, business is good.
That's why we have to keep educating the right that the Dow gaining 100 points is NOT necessarily a sign the the "people's economy" is getting better.
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Zynx
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Tue Apr-18-06 12:39 PM
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6. Also a 1% gain is hardly a material one. |
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The market is reacting more to the prospect of restrained interest rates.
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MercutioATC
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Tue Apr-18-06 02:40 PM
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7. I was speaking more of issues that are "good" for business but bad for |
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the general population.
A given company's stock will usually rise when they lay off U.S. workers or outsource U.S. jobs because it improves the business' bottom line even though doing so creates a less favorable economic climate for American workers .
The idea that traditional economic indicators have much to do (at least short-term) with how good the economy is for the average U.S. worker is a right-wing falsehood that we'd do well to correct.
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Telly Savalas
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Tue Apr-18-06 07:15 PM
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15. I'd be pretty happy if I could invest money |
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and get a return of 1% a day. At that rate $100 would turn into nearly $3800 over the course of year. That's material in my book! :)
Although, I concede that since the Dow bounces up and down enough, for an isolated day a 1% gain isn't really news.
Also, thanks for pointing out an alternate explanation for the bump in the market. Somebody correct me if I'm wrong, but most companies on the Dow Jones index are not oil companies. Higher oil prices translate into higher expenses and smaller profits for most companies. Not good for them.
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rman
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Tue Apr-18-06 05:07 PM
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12. The "overall economy" |
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is usually measured by the total amount of wealth/money, it doesn't say anything about where the money is going. So we're told "the economy is doing well", "the economy is doing not so well", "the economy is recovering" etc. Alway this broad "the economy". But it means sh*t to the vast majority of people. It could just as well be about the economy of another planet in another solar system in another galaxy.
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LaPera
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Tue Apr-18-06 02:47 PM
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8. Let me know if the Dow EVER tops the mark (11,386.54) the day Bush |
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Edited on Tue Apr-18-06 02:49 PM by LaPera
took office (Jan 20th 2001). It NEVER has yet, and going on six fucking years!!!!
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Duer 157099
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Tue Apr-18-06 02:58 PM
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9. According to this post: |
Zynx
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Tue Apr-18-06 04:17 PM
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10. With a normal rate of return using that number, the Dow would be at |
Zynx
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Tue Apr-18-06 04:17 PM
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11. With a normal rate of return using that number, the Dow would be at |
tritsofme
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Tue Apr-18-06 05:17 PM
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13. Dow ended the day up nearly 200 points |
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More of a reaction to the fact that the Fed's tightening campaign may be nearing an end, and a rosy earnings picture than anything else.
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APPLE314
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Tue Apr-18-06 07:03 PM
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14. IT'S A TRAP. SELL NOW.......... |
Clarkie1
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Tue Apr-18-06 07:57 PM
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16. No thanks, I'm still bullish on this market. n/t |
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Wed May 01st 2024, 02:46 AM
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