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Dow 10,000 in sight even though retail sales are still weak.

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Trayen11
User ID: 788918

Canada
10/14/2009 9:10 AM
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Dow 10,000 in sight even though retail sales are still weak.

Quote

[link to money.cnn.com]

I wish this could be explained. The market futures are soaring this morning on some good news from upbeat results from finance firm JPMorgan Chase and chipmaker Intel.

Even though September retail sales are showing a decline further proving the this recession/depression is in full swing.

But alas we are seeing the American DOW most likely claiming it's 10,000 number. What makes even less sence is that anyone really cares about it hitting 10,000.

Do people really think that imaginary number makes everything ok? Who do these people really think put all this fake money back into the markets? It sure as hell was not the people. Actually wait, yes it was but not until it was stolen by the American government. But even that wasnt enough so they printed even more money and flushed it into the market to prop it up.

I find it astonishing that people may actually be buying into this bullshit that the global economy is on it's way back to normal and that we have seen the worst of this global economic meltdown.

Not even close in my eyes.

Life is not about how hard you hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward.

Words to live and die by in these trying times.

Avian

Got Gold?
User ID: 788577

United States
10/14/2009 9:12 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
its crazy that the markets are up and the news is more dim...are they trying to suck money into the market? unheard of earnings multiplyer in stock valuations...average 130 times earnings...worse than during the internet bubble...someones gonna get fucked hard fight my brute phucktards [link to ack12345.mybrute.com] [link to the-rabbits-hole.com]

Anonymous Coward
User ID: 538386

United States
10/14/2009 9:15 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
I agree. The high was like 14,000 No one even believed it would drop below 10,000 in the first place, so it's kind of silly for that to be a marker of any value.

EnlightenMe
User ID: 743570

Netherlands
10/14/2009 9:17 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
[link to money.cnn.com] I wish this could be explained. The market futures are soaring this morning on some good news from upbeat results from finance firm JPMorgan Chase and chipmaker Intel. Quoting: Trayen11 [link to www.godlikeproductions.com]

Anonymous Coward
User ID: 777114

United States
10/14/2009 9:20 AM

Re: Dow 10,000 in sight even though retail sales are still weak.

Quote

Dow 10,000 back to March 1999 levels... yes let's celebrate 10 years worth of wealth depletion...

And all because of JPMorgan - i would hope that a bank that can take money from the FED for 0 - .25% interest and turn around and loan it to the US government for 2-4% interest would make money. do that with billions of dollars and you tally up "profit" rather quickly...

We witnessed a Coup d'état. Wall Street took over the government last year and now we get to watch them celebrate unabashed at our expense...

Trayen11
User ID: 788918

Canada
10/14/2009 9:33 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
Life is not about how hard you hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. Words to live and die by in these trying times.

Anonymous Coward
User ID: 777114

United States
10/14/2009 10:25 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
for reality...

Anonymous Coward
User ID: 782575

United States
10/14/2009 10:45 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
The stock market doesn't reflect anything except the free play money given to those in power.

Anonymous Coward
User ID: 791944

Australia
10/14/2009 10:47 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
Pump n Dump ... gotta love the ride :)

Anonymous Coward
User ID: 790530

United States
10/14/2009 10:49 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
It's called gambling. They do this everyday in Vagas & Atlantic City. No difference with Wall Street.

Anonymous Coward
User ID: 791868

United States
10/14/2009 11:04 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
Dow 10,000 on weak dollar. I suppose thats good news, hey.

Anonymous Coward
User ID: 568981

United States
10/14/2009 11:41 AM

Re: Dow 10,000 in sight even though retail sales are still weak.	Quote
DOW 9977 and hovering there about - we might do it!

Anonymous Coward
User ID: 793891

United States
10/14/2009 12:01 PM

Re: Dow 10,000 in sight even though retail sales are still weak.

Quote

It's called gambling. They do this everyday in Vagas & Atlantic City. No difference with Wall Street.

Quoting: Anonymous Coward 790530

It is worse than gambling, it is rigged. I wouldn't bet this market up or down. The same crooks that crashed the market are the ones that made it rally, they were the first out and the first back in. Probably trading amongst one another just to pump the thing back up. I have a feeling many Americans are finished playing their "steal my money" game.

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