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DOW hits record high this morning
Topic Started: Mar 5 2013, 11:03 PM (752 Views)
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Mar 5 2013, 11:23 PM
No one can explain just why the Dow is doing so well but it surely doesn't have anything to do with the economy being robust. Even Walmart was crying last month.
I remember you crediting Bush when the market rose during part of his term and then blaming Obama(before he was elcted) when it crashed at the end of his term.

Remember your BEEB stuff on rv.net? That kinda all got shot down during term 2.
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Mountainrivers
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Pat
Mar 6 2013, 12:28 AM
I guess you guys don't pay any attention to the volatility index. There is absolutely no stability as indicated by strong to moderate swings based on news cycles. Earnings are your true measuring stick and while some older, what once were called blue chips have been stable for a few months, this is hardly earth shattering. But it does drive some volume and allows the funds to line up the next herd for slaughter. But you guys believe what you will, and glorify a marker that is six years old, go for it. Getting back to 2007 levels is hardly a bonanza. But again, volume drive pricing.. Stay tuned. When these same issues report quarterly numbers, I'll take a look. Opps, I forgot, since nobody really audits the truthfulness of reporting, that too has become a world class scam.
Have the markets ever, in your lifetime, not responded to news cycles? Looking at quarterly earnings is a loser, imo. earnings vary from quarter to quarter and the need for CEO's to make the results look good, can result in cooking the books. I disagree about the 2007 levels. Recovering by 100% is good news no matter the reason. I'm not in the stock market, so I don't worry too much about it, but it is an indication the economy is getting better.
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Pat
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Mountainrivers
Mar 6 2013, 12:37 AM
Pat
Mar 6 2013, 12:28 AM
I guess you guys don't pay any attention to the volatility index. There is absolutely no stability as indicated by strong to moderate swings based on news cycles. Earnings are your true measuring stick and while some older, what once were called blue chips have been stable for a few months, this is hardly earth shattering. But it does drive some volume and allows the funds to line up the next herd for slaughter. But you guys believe what you will, and glorify a marker that is six years old, go for it. Getting back to 2007 levels is hardly a bonanza. But again, volume drive pricing.. Stay tuned. When these same issues report quarterly numbers, I'll take a look. Opps, I forgot, since nobody really audits the truthfulness of reporting, that too has become a world class scam.
Have the markets ever, in your lifetime, not responded to news cycles? Looking at quarterly earnings is a loser, imo. earnings vary from quarter to quarter and the need for CEO's to make the results look good, can result in cooking the books. I disagree about the 2007 levels. Recovering by 100% is good news no matter the reason. I'm not in the stock market, so I don't worry too much about it, but it is an indication the economy is getting better.
Of course not, but check out the volatility index. That is a major gauge on what I just posted.
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Interesting.
The Last Time The Dow Was Here...
Submitted by Tyler Durden on 03/05/2013 09:36 -0500

10 Year Treasury Consumer Confidence Dow Jones Industrial Average Gross Domestic Product Jim Cramer None


"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else."

Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
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Pat
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Mar 6 2013, 12:46 AM
Interesting.
The Last Time The Dow Was Here...
Submitted by Tyler Durden on 03/05/2013 09:36 -0500

10 Year Treasury Consumer Confidence Dow Jones Industrial Average Gross Domestic Product Jim Cramer None


"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else."

Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
Yep.

Remmber, today's, market should not in any way be used as a gauge for the economy. It is a beast that has puppet strings so dense, you can't get from one end of the trading zone to the other.
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Mountainrivers
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Mar 6 2013, 12:46 AM
Interesting.
The Last Time The Dow Was Here...
Submitted by Tyler Durden on 03/05/2013 09:36 -0500

10 Year Treasury Consumer Confidence Dow Jones Industrial Average Gross Domestic Product Jim Cramer None


"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else."

Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
Raw numbers mean nothing. It's whether the economy is growing or not, and it is, although slowly. Until the folks with the money let some of it circulate, we aren't likely to ever get back to the good old days. We can blame most of the problem on Bush, Jr. though. That's when the trouble started and got worse.
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Mountainrivers
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Pat
Mar 6 2013, 12:50 AM
Neutral
Mar 6 2013, 12:46 AM
Interesting.
The Last Time The Dow Was Here...
Submitted by Tyler Durden on 03/05/2013 09:36 -0500

10 Year Treasury Consumer Confidence Dow Jones Industrial Average Gross Domestic Product Jim Cramer None


"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else."

Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here
Yep.

Remmber, today's, market should not in any way be used as a gauge for the economy. It is a beast that has puppet strings so dense, you can't get from one end of the trading zone to the other.
Not what the guys on CNBC say. They are mostly in the bullish camp.
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Now that is funny, numbers mean nothing. OMG
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Pat
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I don't doubt the guys on MSNBC are bullish. Kind of like watching the clowns on the business channels. Jim Cramer being a clown above all others.
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Mountainrivers
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Pat
Mar 6 2013, 12:55 AM
I don't doubt the guys on MSNBC are bullish. Kind of like watching the clowns on the business channels. Jim Cramer being a clown above all others.
Not MSNBC, Pat CNBC. The all business channel.
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