Woo fucken Hoo. The Dow breaks 10k.

[Jackpine Radical]

A rising market floats all yachts and all that. It's gonna be a merry Xmas for the ones in line for the $20 billion or whatever it is scheduled for distribution in bonuses at Goldman Sachs.

Unemployment is still at record highs, people are losing their homes, millions lost their health insurance with their jobs, but the market is going up.

Jeez, but I feel like celebrating. Maybe a new Bentley, or maybe I can pick up some dream property in Vail for a song.

Hot diggity damn.

[Fumesucker]

1. Party like it's 1999.. !!11!!11!!

Uh.. Wait..

[bluestateguy]

2. 50% of Americans own stock

Do you really think that everyone in the market is a Fat Cat?

[Fumesucker]

10. Everything is relative..

Perspective makes a great deal of difference.

Market's up, unemployment's up too..

[Karmadillo]

19. As of 1997, the top ten percent of US households held 82% of all stock market wealth.

I'm citing from http://www.endgame.org/primer-wealth.html

Maybe things changed and stock market wealth was distributed more broadly during the Bush II years, but that seems unlikely. Maybe someone with current data could post it

[Peacetrain]

26. Nearly all Americans are invested in the stock market in one way or another

From 401-K to traditional pensions, through annuities.. etc..

[leftynyc]

3. Were you happier when

your 401(k) was down 50-60%? I sure wasn't.

[bluestateguy]

14. I do think there is a small percentage of people on the Left who want another Great Depression

Especially the assclowns who post crap here from the World Socialist news site. They want a total meltdown; it plays into their whole little cartoon narrative of the world.

[Fumesucker]

16. Actually those who think the market going up while unemployment goes up is great..

Are the real assclowns.

You know Wall Street up is going to lessen the pressure on politicians to do something about Main Street.

I want those fuckers to sweat until Main Street is doing as well as or better than Wall Street.

[TwilightGardener]

4. Well...would you rather it go down?

Would that help the economy, or the job situation?

[MNDemNY]

5. JOBLESS RECOVERY.

Shout it from the rooftops! yippee.

[AllentownJake]

6. It is either a bubble or it is an actual sign of a recovery

It's hard to tell what it is at this point.

[MineralMan]

17. Actually, if you look at a chart showing the last 6 months

of the DJIA, it's clearly a continuing trend. The curve is that of a recovering market.

The market is a leading indicator, not a lagging one. A higher market will encourage both spending and business investment, and that means improvements in the economy as a whole.

What's not to like. Gloom and doom folks can suck it, as far as I'm concerned.

[janx]

18. Yep, and the farther you go back to look,

the clearer it gets.

[MineralMan]

21. So it seems. I see a clear, steady upward trend.

Screw the doomsayers.

[janx]

24. DOW's many returns to 10,000

[HereSince1628]

7. Well, all thats true, but there are a lot of retirement plans

that even though not recovered, look a hell of a lot better today than they did a year ago.

That may delay the initiation of the soylent green solution for a few more years.

[sabra]

8. "soylent green solution"

:rofl:

[lunatica]

9. Here's your Bentley for free

At least you can look at the picture. Sigh... it's beautiful isn't it?

[rockymountaindem]

11. Why aren't we allowed to celebrate good news while remaining cognizant of the fact that we still

have a long way to go? Remember this time last year when EVERYTHING was imploding? Remember March of this year when the market AND unemployment were both moving in the wrong direction by huge numbers? Well, at least one thing is getting better. That doesn't make things perfect, but it's a damn sight better than watching ever facet of the economy drive over the cliff. Those days are still fresh in everybody's memories and I'd rather not go back there.

And yes, hundreds of millions of Americans are connected to stocks in some way through pensions, 401k's etc, and this is good for all of them. Ridiculously high over-compensation at the top doesn't diminish that fact.

[Tierra_y_Libertad]

12. Not to worry. It's bound to "trickle down" someday. Well, maybe..if the bankers approve..

Naw...forget it.

[Oregone]

13. Hey, have hope a rich person who just made a fortune in the market will let you shine their shoes

[lefty2000]

15. As Clarence Thomas Once Said:

Well whoopty-doo!

[slackmaster]

20. I'm glad I didn't panic and dump my stocks when they were low

:hi:

[nadinbrzezinski]

22. It matters to people wiht money in the exchange

and that is not just the fat cats.

Oh and we first had to hit bottom before things turn around, which they are. Not as fast as I'd like but that is a whole different story.

[Jackpine Radical]

25. But I don't think the "recovery" signifies anything real.

It's all an illusion. None of our big long-term problems have been solved. There is still an energy crisis, a mortgage crisis, a looming environmental disaster, etc. The market is going up largely on the basis of TARP funds and the like. Small banks are still crashing and giant ones are playing the greed game.

[nadinbrzezinski]

28. Look we first need to turn things around before

we can invest in green technologies... oh wait, we are.

You are aware that a big part of the stimulus is to have tax breaks to install energy efficient windows, solar and other green technologies. That incidentally HAS created jobs.

And that is an example of the kind of spending most liberals are not aware that is happening.

And the market is not just going up because of the Tarp... to me some folks really wish we did have a great depression II... me... I'll take a BAD recession than a depression any day of the week and twice on Sunday.

Oh and some small banks will continue to crash... in fact some banks crash at all times.

Now in an ideal world I would break the too big to fail... but I chose to live in reality...

[Vidar]

23. A real triumph for the filthy rich!

[Pyrzqxgl]

27. I'm going to buy all those Paramount & Gennett 78's I was looking at.

[scheming daemons]

29. You're right... it would've been better if it went down

Let it fail! (and all that)


:eyes:


Pathetic OP.

[G_j]

30. now that WE bailed THEM out

we can drown