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REPORT ABUSIVE REPLY
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Message Subject
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UPDATED: NEXT STOP: 9000! YOU CAN'T STOP ME NOW! RECOVERY OF DOW! YOU ALL NOW LOOK LIKE CLOWNS! THE DEFINITIVE DOW DISCUSSION THREAD!
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Poster Handle
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Anonymous Coward |
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Post Content
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The only reason the Dow has been going up is because the dollar index has been falling which means the dollar is losing value so stock prices go up so stocks can retain a constant value instead of losing value and also investors are getting out of the bond market and going to stock market because the dollar is becoming toilet paper.
Quoting: Anonymous Coward 722144The dollar was devalued on purpose: [ link to market-ticker.denninger.net] Bernanke says that foreigners "needed dollars." Why yes. But if they needed dollars, they could get them in the free market. But what would have happened? The dollar would have gotten STRONGER (gone up in value) while the other currency would have gotten WEAKER. Simple - those other banks would have had to sell something and BUY dollars on the open market. This would have resulted in imports (including especially energy) becoming cheaper. Bernanke prevented this from having to be done. He intentionally tampered with the value of the dollar - on purpose - to the tune of $500 billion dollars. He intentionally raised the price of oil and oil products along with all other imports. Thank Ben, in part, for the price of your gasoline. So even if the DOW does hit 9,000, it doesn't mean there's recovery and OP is an assclown.
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