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  1. #9601
    Joined
    Aug 2001
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    74,682

    Re: Economic News/Discussion

    ^^So it raises an interesting question for even well informed investors: Do I dump what I own? And then what? I recognize its a stock bubble not brought on by company "value" but rather a function of the FED messing with cheap money.
    What I suppose many will do is split up holdings. Sell some % and hold some %.
    No way is the price justified really.

  2. #9602
    Joined
    Dec 2000
    Location
    MI
    Posts
    2,357

    Re: Economic News/Discussion

    Quote Originally Posted by jimzinsocal View Post
    ^^So it raises an interesting question for even well informed investors: Do I dump what I own? And then what? I recognize its a stock bubble not brought on by company "value" but rather a function of the FED messing with cheap money.
    What I suppose many will do is split up holdings. Sell some % and hold some %.
    No way is the price justified really.
    We bought land last month. So if all this fake money vanishes (<-- read that a few times and scratch your head), we'll at least have a deed in hand.
    Nuke em'.

  3. #9603
    Joined
    Sep 2001
    Location
    Colorafornia, USSA
    Age
    46
    Posts
    13,825

    Re: Economic News/Discussion

    Quote Originally Posted by jimzinsocal View Post
    ^^So it raises an interesting question for even well informed investors: Do I dump what I own? And then what? I recognize its a stock bubble not brought on by company "value" but rather a function of the FED messing with cheap money.
    What I suppose many will do is split up holdings. Sell some % and hold some %.
    No way is the price justified really.
    Wish I knew what to tell you Jim. Maybe this article can shine a bit of light on the subject.

    http://www.marketwatch.com/story/new...ing-2013-03-05

  4. #9604
    Joined
    Aug 2001
    Posts
    74,682

    Re: Economic News/Discussion

    I read that earlier. Its a funny thing with unnatural "bubbles" like stock prices. One side of our brain tells us dont be an idiot and go "all in" while the less rational side whispers "dont be a sap you chump..stay at the table until direction changes". In the end tho Ill keep what I have since none of them were really purchased for short term. The bulk actually is in a fairly immune (to bubbles) company 3M.

    This you guys need to see to appreciate. Makes you wonder just how tight fisted and silly some folks can be: I have 2 million stashed away in cash or near cash...can I spend some?
    Me: No dont spend a dime. Have the funeral director that is in charge of your exit party build a secret compartment for cash and collectables. You freaking moron.

    http://money.cnn.com/video/pf/2013/0...l?iid=HP_River

  5. #9605
    Joined
    Mar 2003
    Location
    Oregon
    Age
    40
    Posts
    6,498

    Re: Economic News/Discussion

    So the DOW is up to a record high....people are predicting its only going to go higher.

    As Maddow put it last night, Barrack Obama is the worst Socialist....evah.

  6. #9606
    Joined
    Aug 2010
    Location
    Milwaukee, Wisconsin
    Posts
    6,027

    Re: Economic News/Discussion

    Quote Originally Posted by BlackDragon24 View Post
    So the DOW is up to a record high....people are predicting its only going to go higher.

    As Maddow put it last night, Barrack Obama is the worst Socialist....evah.
    But unemployement is still high, and consumer confidence and spending are still low. Walmart's revenue dropped 30% in January because of the payroll tax increase. So, the fat cat bankers on Wall Street that everybody hates are doing ok but nobody else.

    At least everybody will have a nice 401k for when Social Security collapses.

    It is kinda funny how lefties have changed their tune. I remember back in 2003 and 2004 lefties I knew claiming that "GEORGE W. BUSH HAS CREATED A SOFT ECONOMY" and I argued that the Dow had covered from post-9/11 lows and they were like "That means nothing! It's still bad for the poors!"

    And now it's 10 years later and a Democrat is arguing for the Dow being good and I'm arguing that it doesn't mean anything. Ay-ay-ay!
    Last edited by Keven; 03-06-2013 at 11:01 AM.

  7. #9607
    Joined
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    Oregon
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    40
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    6,498

    Re: Economic News/Discussion

    Quote Originally Posted by Keven View Post
    But unemployement is still high, and consumer confidence and spending are still low. Walmart's revenue dropped 30% in January because of the payroll tax increase. So, the fat cat bankers on Wall Street that everybody hates are doing ok but nobody else.

    At least everybody will have a nice 401k for when Social Security collapses.

    It is kinda funny how lefties have changed their tune. I remember back in 2003 and 2004 lefties I knew claiming that "GEORGE W. BUSH HAS CREATED A SOFT ECONOMY" and I argued that the Dow had covered from post-9/11 lows and they were like "That means nothing! It's still bad for the poors!"

    And now it's 10 years later and a Democrat is arguing for the Dow being good and I'm arguing that it doesn't mean anything. Ay-ay-ay!
    I don't think the DOW being that high is necessarily a good or bad thing...just sayin' that if Barrack Obama was a Socialist, we probably would not be seeing the stock market at its highest levels ever. Seeing as the stock market is, you know, sort of the capitalist's wet dream.

  8. #9608
    Joined
    May 2002
    Location
    Twain Harte, CA
    Posts
    20,453

    Re: Economic News/Discussion

    Quote Originally Posted by BlackDragon24 View Post
    I don't think the DOW being that high is necessarily a good or bad thing...just sayin' that if Barrack Obama was a Socialist, we probably would not be seeing the stock market at its highest levels ever. Seeing as the stock market is, you know, sort of the capitalist's wet dream.
    Are you suggesting that watered down money is not a socialist remedy?

  9. #9609
    Joined
    Mar 2003
    Location
    Oregon
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    40
    Posts
    6,498

    Re: Economic News/Discussion

    Quote Originally Posted by Dutchcedar View Post
    Are you suggesting that watered down money is not a socialist remedy?
    No, I'm not suggesting that.

    I'm suggesting that the so-called socialist in the WH is now presiding over an economy with the highest DOW evah. Which IMHO makes him the worst socialist evah.

  10. #9610
    Joined
    Aug 2010
    Location
    Milwaukee, Wisconsin
    Posts
    6,027

    Re: Economic News/Discussion

    Quote Originally Posted by BlackDragon24 View Post
    No, I'm not suggesting that.

    I'm suggesting that the so-called socialist in the WH is now presiding over an economy with the highest DOW evah. Which IMHO makes him the worst socialist evah.
    If the fed rate had been at normal levels in the past 4 years, where would the Dow be?

  11. #9611
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    12,925

    Re: Economic News/Discussion

    Quote Originally Posted by BlackDragon24 View Post
    No, I'm not suggesting that.

    I'm suggesting that the so-called socialist in the WH is now presiding over an economy with the highest DOW evah. Which IMHO makes him the worst socialist evah.
    Numbers are artifically inflated based upon devaluation of our currency. They mean nothing positive. Housing still tanked, uenemployment numbers unacceptably high, after 4+ years. The real indicator of the health or lack thereof of the US or any economy is the Prime Interest rate and it ain't good - there is no incentive for growth, no gains in saving money, therefore little or no money to invest.

  12. #9612
    Joined
    Aug 2001
    Posts
    74,682

    Re: Economic News/Discussion

    Here we are again with another Thursday Pink Slip Report

    UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA

    In the week ending March 2, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 7,000 from the previous week's revised figure of 347,000. The 4-week moving average was 348,750, a decrease of 7,000 from the previous week's revised average of 355,750.

    The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending February 23, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 23 was 3,094,000, an increase of 3,000 from the preceding week's revised level of 3,091,000. The 4-week moving average was 3,121,750, a decrease of 37,500 from the preceding week's revised average of 3,159,250.
    UNADJUSTED DATA
    The advance number of actual initial claims under state programs, unadjusted, totaled 333,389 in the week ending March 2, an increase of 23,198 from the previous week. There were 368,433 initial claims in the comparable week in 2012.

    The advance unadjusted insured unemployment rate was 2.8 percent during the week ending February 23, an increase of 0.1 percentage point from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,589,315, an increase of 52,854 from the preceding week's revised level of 3,536,461. A year earlier, the rate was 3.2 percent and the volume was 3,988,890.The total number of people claiming benefits in all programs for the week ending February 16 was 5,401,893, a decrease of 362,275 from the previous week. There were 7,387,649 persons claiming benefits in all programs in the comparable week in 2012.

  13. #9613
    Joined
    Aug 2001
    Posts
    74,682

    Re: Economic News/Discussion

    Ill be back later to post about details but here we are. Bottom line is fairly good news. 7.7%

    http://www.bls.gov/news.release/empsit.nr0.htm

  14. #9614
    Joined
    Aug 2001
    Posts
    74,682

    Re: Economic News/Discussion

    ^^History will make a strange note with the rate dropping: Unemployment rate drops as Federal Government struggles with less spending.

    Some comment on the "guts"

    http://www.zerohedge.com/news/2013-0...yment-rate-sli


    The New "Normal"

    http://www.aei-ideas.org/2013/03/to-...ormal-economy/
    Last edited by jimzinsocal; 03-08-2013 at 10:04 AM.

  15. #9615
    Joined
    Aug 2001
    Posts
    74,682

    Re: Economic News/Discussion

    Right out of a Dicken's novel. Average cost of a wedding? 28K +

    http://money.cnn.com/2013/03/10/pf/w...l?iid=HP_River

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