It's All Obama's Fault - DOW Jones reaches 16,000 for first time ever

[yoyoyo1]

http://www.nbcnews.com/business/dow-breaks-through-16-000-point-barrier-first-time-2D11603445

Stocks were having a milestone day on Monday when the Dow Jones industrial average pushed above the 16,000 barrier for the first time ever.

Driven by optimism that the Federal Reserve would keep its foot firmly on the economic-stimulus gas pedal and by increases in overseas stocks, the Dow broke though the benchmark barrier shortly after the opening bell, before retreating slightly.

The S&P 500 also surpassed a psychological hurdle, rising above 1,800 for the first time, while the Nasdaq also gained, leaving it less than 10 points from 4,000.

Do I know what the DOW Jones is?

Do I know what reaching 16,000 Dow points, runs, goals, or otherwise means?

Do I care?

Am I going to make this thread and talk about this shyt? You're God Damn right brehs

 

[Jello Biafra]

Yahweh bless our Corporate President.

 

[yoyoyo1]

Yahweh bless our Corporate President.

with liberty and prosperity for all

 

[DEAD7]

Yahweh bless our Corporate President.

 

[Dusty Bake Activate]

This is more the Fed's doing than the President. The market isn't really tied to everyday living conditions at all anymore. These corporations have figured out how to make enormous profits without needing a thriving middle class.

 

[Lifer11]

This is more the Fed's doing than the President. The market isn't really tied to everyday living conditions at all anymore. These corporations have figured out how to make enormous profits without needing a thriving middle class.

Well said, I'll go a step further and say they've figured out how to make enormous profits while bleeding the middle class. This is the super rich's version of looting.

 

[Family Man]

The fukk does this benefit the common man?

 

[Depreciating Asset]

The fukk does this benefit the common man?

I would say that I'm a pretty common man. My stock and mutual fund portfolio is up 25% this year.

Long live Barack Hussein!!

EDIT: Before I get neg repped for trolling I believe you have a point but it is certainly an improvement over the Bush years where the Dow at the end of 2008 was lower than it was when he took office. Corporate profits lead to innovation which eventually does benefit the common man in the form of better technology and medical improvements. There is certainly no comparison between the benefit that the top 10% of Americans will experience versus the bottom 20%. The rich will certainly benefit in much greater proportion but some of those corporate profits do eventually end up benefitting the common man.

I'm certainly not arguing for trickle down economics as a policy. Just stating the facts that eventually the common man does benefit in some ways from this growth but of course they lose in other ways. It's not an all or nothing proposition.

 

[Kritic]

http://www.nbcnews.com/business/dow-breaks-through-16-000-point-barrier-first-time-2D11603445




Do I know what the DOW Jones is?

Do I know what reaching 16,000 Dow points, runs, goals, or otherwise means?

Do I care?

Am I going to make this thread and talk about this shyt? You're God Damn right brehs

i love it.

 

[Kritic]

This is more the Fed's doing than the President. The market isn't really tied to everyday living conditions at all anymore. These corporations have figured out how to make enormous profits without needing a thriving middle class.

the fed that you love so much, right

like YOU said.. without this fed we wouldn't have iphones, right

 

[yoyoyo1]

This is more the Fed's doing than the President. The market isn't really tied to everyday living conditions at all anymore. These corporations have figured out how to make enormous profits without needing a thriving middle class.

blame the president when this stuff does badly but say it's the fed when it prospers, brehs

 

[Kritic]

Corporate profits lead to innovation

bullsh1t. necessity is the mother of invention. when they're hurting that's went they'll get off their behind and do sh1t. fortune 500 don't innovate sh1t. it's the start up companies behind innovation. it's smaller business thta's supposed to be the real backbone of the economy.

 

[Depreciating Asset]

blame the president when this stuff does badly but say it's the fed when it prospers, brehs

Yes critics should take note that He (I really think Barack deserves a capital letter pronoun at this point) could have installed anyone at the Fed (assuming Congressional approval) and yet he chose to keep Ben Bernake in the post. Big Ben kept unemployment steady while fighting off both inflation and deflationary threats. That was Obama's leadership decision.

 

[Depreciating Asset]

bullsh1t. necessity is the mother of invention. when they're hurting that's went they'll get off their behind and do sh1t. fortune 500 don't innovate sh1t. it's the start up companies behind innovation. it's smaller business thta's supposed to be the real backbone of the economy.

Nope. Not bullshyt. Think small brehs.

Where does the incentive for the innovation come from? I will talk to the pharmaceutical sector since I got a little experience there. Do you know how many small company acquisitions Merck, J&J, Pfizer, etc make each year? Small companies might do most of the research but they normally don't have the large sales force or distribution pipeline for national expansion. So most of them end up being acquired by large Fortune 500 companies. Even the ones who end up going public are always rumored to be acquisition targets.

So back to corporate profits. These large companies need the cash to make acquisitions. Where do you think that comes from?

 

[Kritic]

Nope. Not bullshyt. Think small brehs.

Where does the incentive for the innovation come from? I will talk to the pharmaceutical sector since I got a little experience there. Do you know how many small company acquisitions Merck, J&J, Pfizer, etc make each year? Small companies might do most of the research but they normally don't have the large sales force or distribution pipeline for national expansion. So most of them end up being acquired by large Fortune 500 companies. Even the ones who end up going public are always rumored to be acquisition targets.

So back to corporate profits. These large companies need the cash to make acquisitions. Where do you think that comes from?

bullshiiiiiiit. nicca!
acquisitions does not equal innovation. wtf. you're actually driving my point. and now i'm disagreeing with you for agreeing with me! aaaaaahhhhh








think small.