DOW AT TEN THOUSAND PARTY THREAD.

[MNDemNY]

:party: :beer: :fistbump: :pals: :pals: :headbang: :applause: :woohoo: :applause: :woohoo: :woohoo: :applause: :woohoo: :patriot: :patriot: :patriot: :patriot: :toast: :party: :party: :party: :party: :toast: :party: :party: :toast: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :toast: :bounce: :toast: :bounce: :toast: :bounce: :toast: :bounce: :puke: :puke: :puke:

[rockymountaindem]

1. Suits me

My family's portfolio is recovering nicely. Contrary to what you want us to do on this little thread, I'm not going to treat that as bad news.

[MNDemNY]

8. ?? Just an innocent "party thread"

;-)

[rockymountaindem]

9. Your motives have been pretty clear all afternoon n/t

[MNDemNY]

12. Nonsense, your just being elitist.

[rockymountaindem]

15. How so? Because I'm happy my parents are more financially secure now than in March?

I don't see what's elitist about that. My family ain't exactly billionaires.

[MNDemNY]

16. Lighten up!! It's a party thread!

:evilgrin: :toast: :toast: :toast: :party: :toast: :party: :toast: :party: :toast: :loveya: :pals: :pals: :fistbump: :fistbump: :fistbump: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :woohoo: :patriot:

[DJ13]

2. YAY!

After this parade Im hoping my spot in line at the unemployment office is still there.

[MNDemNY]

10. get your lemons, and carry melted butter just in case!!!

Yippee!!!!:toast: :party:

[rucky]

3. Hooray! Now someone hire me.

[customerserviceguy]

4. Heard that today on the radio on the way home

I was feeling a bit like a sucker for not moving my paltry 401K out of it's safe secure snug little money market fund on Inauguration Day, but I wonder if this is a sucker rally, designed to falsify expectations so the well-to-do can dump crap stock on the little people.

[flyarm]

19. ding ding ding!!! you got it!! eom

[MNDemNY]

20. Just buy the damn "crap" stock!

Why do you hate America?

[flyarm]

21. AHAHAHAH..ALL MY NEIGHBORS HAVE SEATS ON THE EXCHANGE..

I know better!!..I know when they buy and when they sell and when their bonus's are being set for Christmas time!! I know because i go shopping and do lunch with their wives!!

and i know when they are drinking martini's and laughing or sobbing!!

sometimes all i can do is sit here and giggle at the pure ignorance of so many here at du..party because the dow hit 10,000?? will someone please explain to some of these idiots that the DOW goes up when employment goes down?? and when the dollar isn't worth shit.

[question everything]

22. You can still do... at least to bonds

Money market funds now pay less than 1% interest!

Treasuries are as safe and pay better, for now.

[customerserviceguy]

47. Yes, the interest is low

but the money is safe. I'm worried about latching onto a stock market sucker rally, and watching the damn Dow plummet to even worse levels than we've seen in this last year. You can bet your ass that it's going to happen with gold. As soon as everybody and his dog figures out that gold just can't go down, the sharpies will dump the hoards they're buying up right now. And the price will be the lowest in decades.

Treasuries are going to tank when big-time inflation sets in. Money market funds, by being short-term, can ride the interest rates as they rise over the next few years, without risk to principal.

[Arkana]

5. Great.

NOW WILL ONE OF THE FUCKING PLACES I APPLIED TO PLEASE CALL ME??????

[City of Mills]

6. I was going to post a snarky reply about Bush's recovery plan finally kicking in

But I see Fox News beat me to it, taking it from a serious approach.

Amazing...

[MNDemNY]

11. Pleeez do the snarky post!

:o

[yourout]

7. I am VERY sceptical. This fast of a recovery is likely speculator driven with...

the inevitable other shoe to fall around Christmas.

[liberal N proud]

13. Does this mean the recession is over?

Yea!

[MNDemNY]

14. Yup. All is well.

}( :toast: :toast: :party: :bounce:

[jgraz]

48. I'm just happy for all those financial executives who will now get their bonuses

If we're lucky, maybe they'll let us watch them spend our money.

[MNDemNY]

50. We can "HOPE".

[defendandprotect]

17. Guess we can afford MEDICARE FOR ALL now . . . ???

:bounce: :toast: :party: :bounce: :party: :toast: :evilgrin:

[MNDemNY]

18. Yup, and Lobster, lots of LOBSTER!!!

[JackRiddler]

23. Are you always this thrilled when a fraction of the richest rip off everyone else?

Your government just shoveled eight to twelve trillion dollars in liquidity (all of which is your obligation) into the maw of the financial beast, so it's no suprise that one of its bogus indicators should reach the 1998 level again. Or is it that Jesus smiles when Coca-Cola stock is up?

[flyarm]

24. wow , thank you , another fine DU'er who gets it!!!..and well said!! eom

[Statistical]

25. How is liquidity from the federal reserve taxpayer obligations?

You are just taking a bunch of words you heard on CNN and arranging them like legos.

Now quick how much is actually taxpayer obligations? How much of that are we likely to be repaid? So how much is taxpayer obligation and we are likely to lose?

Heres a hint: It's not even in the 12 trillion range.

Also 8-12 trillion? Good thing you don't work for an airline. "This is your captain speaking, according to my charts we are anywhere from 70% to 100% of the way there. Descending now".

[JackRiddler]

29. I don't watch CNN at all, and you shouldn't flaunt your ignorance.

Even if you're convinced you have a clue and I don't, you can just say so without exposing yourself as a rude twit.

Bloomberg has been involved in a suit for months to get the right numbers of sums going to the recipients of the plunders (the "bailouts") released by the Fed, which treats them like national security secrets. The Fed is also resisting audit by the GAO, intimating that disasters would follow disclosure. Meanwhile the banks were released from even the minimal obligation to value their assets at market, and so are free to engage in any accounting fraud they like (which is exactly what they did anyway for many years to create the crisis in the first place). Their borrowing is a state secret and their assets are whatever they feel like claiming.

So if you're such a master of the numbers and apparently an all-knowing insider who has access to what's not in the public domain, why don't you tell us what the totals are on the alphabet soup of bailout programs? Last I looked at the available overviews, the ceilings were at about $12 trillion and the exposure to date was estimated at $8 trillion. Thus $8 to $12 trillion.

I don't work for an airline! Better yet, I'm not reaching for non-sequitur metaphors with no relation to our subject. If the uncertainty about the altitude bothers you, you should maybe be nicer to your fellow passengers (that would be me) and address your complaints to one of the pilots (that would be the Fed, the Treasury and Wall Street), because they're the ones keeping these scams impossibly opaque.

[HughMoran]

36. Ignorance?

Jesus - you're so full of it it's coming out your mouth.

[Statistical]

44. For starters: Fed balance sheet is not a taxpayer obligation.

The money given by the Fed is not even a loan, they will simply call it back when they need to tighten liquidity. By pulling trillions out of the economy they will dry up liquidity and raise the "price" of money which is interest rates, which will slow economic expansion and reign in inflation.

The fed went beyond direct expansion of money supply and bought Treasuries & mortgage backed securities. They did so to drive yields down. This makes it unattractive for banks to dump money into a T-bill earning say 0.8%. By selling back treasuries once the economy recovers they will force rates higher. Business & consumers compete for the same money as govt debt and existing obligations. By selling treasuries & other debt into the recovery they will drive up yields. Money will flow into those products and not into new loans. Now this may seem harsh but is necessary to avoid inflation.

Doiing this is what adjust interest rates. The fed sets a target (right now 0% to 0.25%) but they can't force banks to accept that target. They use monetary policy (expanding/contracting money supply & quantitative easing = buying debt) to help the free market to that target.



None of that has anything to do with taxpayer obligations. Not a single taxpayer dollar was used. Now TARP was taxpayer money but you are combining tax payer funded programs with the much larger Fed balance sheet makes taxpayer either intentionally or by misunderstanding and that overstates taxpayer obligations by a factor of 10x. Among the TARP money the majority (but not all) will be repaid with interest.

[HughMoran]

34. Kinda selfish viewpoint

I can't comprehend a mind that hates me for making back 3 grand of my lost funds today.

[MNDemNY]

49. Yes, excactly this thrilled. are you dense? or do you not really read threads?

[JackRiddler]

51. Dense, probably.

I spotted irony in later posts, but I only "read" the OP. Well, thanks.

[MNDemNY]

52. I'm pretty dense, as well.

;)

[Loudmxr]

26. I shorted all my stocks. How was I to know the Bush recovery would kick in?

Actually I didn't. President Obama has being very good to me. I am now at that place I was two years ago when I thought. I can sell some stuff and bum.

Or there is an opportunity for a nice restaurant in the Philippines. Next to a church. And a parking lot next door which the restaurant will manage. Just waiting to see the deal. MMMM Parking.

:party: :beer: :fistbump: :pals: :headbang: :applause: :woohoo: :applause: :woohoo: :applause: :woohoo: :patriot: :toast: :party: :toast: :bounce:

[renate]

27. this doesn't remotely mean the recession is over on an individual level, but

I remember this time last year--people close to retirement were, and rightly so, flipping out over what was happening to their retirement accounts.

Not everybody who has money in the stock market is rich. This is good news for much of the middle class as well as for the wealthy. And even for some of the unemployed--I have friends whose 401k's are their fallback plan if they continue to be unemployed (11 months so far)--this is good news for them too, since their emergency cushion is bigger than it was last year.

[Statistical]

28. Liar. Only the fat cats have money in the market.

Or so I "learned" on DU.

[JackRiddler]

30. Untrue. But only the fat cats get to take it out again.

With exceptions - you may be one of them.

What's your current exposure?

[Statistical]

31. Really?

Anyone can take out at anytime.
Lots of people did at DOW 6500 because so many experts on DU were saying it could only go down to DOW 3000.

My exposure mostly bear put spreads. The premiums on option contracts warranted selling them to those who "knew" it would go down. Most of them expire in Oct & Nov though. With the VIX dropping not sure what I will be doing.

Also got core a nice mix of stocks I believe will outperform:
Amazon, Intel, Google, Vale Mining (Brazil), China Mobile (China), Caterpillar, Walmart, Sirius/XM, Wells Fargo, Exxon Mobile

Of course some money in S&P index: SPY, little gold, oil, and copper.

Likely that is just because I like to over complicate stuff.

If I am a "fat cat" then there is a new skinny "fat cat" category.

[HughMoran]

32. This proves that those hypocrites against unrec are also hoping for failure

I hate some of the fucking grumpy hate-filled ass-holes here.

[spoony]

33. "I hate some of the fucking grumpy hate-filled ass-holes here."

If you tell me that was intentional, self-deprecating irony, I'll take your word for it and be quite impressed at your skills.

[HughMoran]

38. Heh

I already have you on ignore spoony - why? 'Cause you're one of them.

[spoony]

40. Lol

then how did you see my post? Still, there is a genius satirist inside you waiting to escape your dour, drab exterior.

[HughMoran]

41. "printer friendly format"

Lets me see your post. Why do you think I can't respond to you?

Also, genius, there's a form of ignore where you can see responses but not respond to them - though you're on full ignore.

[spoony]

45. Reading all my responses kinda defeats the purpose of putting me on ignore

No? And, again, your impression of an embittered, insult-spewing codger who thinks it's everyone else who is the problem is AMAZING. I'd buy a ticket to your one-man show.

[HughMoran]

46. "Everyone else'?

Lol - that's exactly the kind of arrogance that got you on ignore. You do NOT speak for many here.

[Jack Rabbit]

35. Big deal

When the economy is at full employment, I'll celebrate.

Perhaps Wall Street was once a good barometer of the overall health of the American economy, but those days are long past.

[HughMoran]

37. Maybe the sun won't come up tomorrow.

Then you'll be pleased as we all slowly die. Woohoo! Party!

[aikoaiko]

39. Conspicuously absent are the DUers who "announced" big losses in the market last year.

As if they were only reporting the news and not really dancing in the financial losses of retirements funds.


My fledgling retirement fund is happier.

[SIMPLYB1980]

42. Woot! nt

[datasuspect]

43. ain't nuthin but a capitalist gangsta partay!!!!!!!!!!!!!!!!