Whoa...the Doom/Gloom GOP has been Fucked with the DOW going UP and not DOWN

[opihimoimoi]

The Recovery is on its way it seems.....after only 6 months ..... not the 2 years we braced ourselves for.

Two Americans freed from NK.....

Europe loves us again

Most of The World respects us once more...

Bush/Cheney = Opaque

P Obama.... Transparent/Translucent

[mwb970]

1. I checked FR yesterday to see what they were saying about the Dow.

Answer: nothing. No threads about the market taking off, no threads about the North Korean rescue, no threads about the low unemployment figure. Just doom and gloom plus lies about health-care reform, along with the usual sappy religious crap.

They hate it when anything good happens to America and delight in disaster. They want America to fail so that Obama will be seen as a failure.

They are traitors.

[opihimoimoi]

2. Their self righteousness blinds them to Reason and instead....go for RHYME only

[tridim]

16. To be fair, they delighted in BushCo created disasters too.

Maybe that's the root of their problem? IMO they really are sick, and probably curable if they ever come to the point of admitting it.

[Lagomorph]

3. Ha!

They tricked us into letting them make money again. Soon, they will have us where they want us, working. Oh Noes!!!

[opihimoimoi]

4. They do not belong in the Realm of Governing...history tells us these PUBs are whackos...nearly all

[Lagomorph]

12. But what are you suggesting?

Since most of the stimulus money hasn't been spent and appears to be unnecessary, maybe we should buy back some debt from China.

Then again, with tax revenues down 18%, maybe we should just put it back so we don't wind up with a $1.3 trillion deficit this year.

Cynic that I am, I'm not seeing any blue sky yet.

[opihimoimoi]

13. While its not rosy..its not a depression with 30 to 40 % unemployed

and soup lines.

and we do see reasons for optimism from differing angles

The Rehab Facility to treat Advanced Republicanism is almost on line

They keep making the same redundant boo boo's

[DrDan]

5. I heard two economic pundits over the past couple of days

saying we are crawling along the bottom. I noticed it because they used the exact same words.

Stuart Varney on inSanity's show and someone being interviewed on CNBC.

That new talking point is obviously being distributed by someone.

[opihimoimoi]

15. Gatta be the GOP Midnight Crew headed by Rove's Pickum Kleen, PhD

[eridani]

6. The Dow has nothing at all to do with the real economy

In the real economy, 70% of which is driven by consumption, consumers have gotten much poorer over the last 30 years. Bubbles and huge debts are not substitutes for real jobs.

[opihimoimoi]

11. Econ 101 ain't working so well...not with the GOP in there stifling shit

President Obama will soon find ways to implement a plan to address solutions beyond just surviving...

we need titillating rejuvenation

[Statistical]

25. 59% of the DOW consists of companies who sell to consumers.

So any reduction in consumer spending would be reflected by the revenue and earnings of those DOW components.

[eridani]

26. And revenue and earninga have become seriously disconnected from stock prices n/t

[Statistical]

29. Not really for all stocks. P/E is a good measure of the "connectiness" of Price & Earnings.

Dividend yield on DOW is another measure.

Dividend yield is relatively high on 40 year basis.

[eridani]

31. That there are a few reasonable P/E ratios around is not relevant

Most aren't.

[Statistical]

32. P/E of entire DOW right now is 12.

Even by historical standards that is very low.

Dividend yield is 4.8%.

[eridani]

34. I'm still not seeing a lot of real economic activity

By that I mean making things and providing actual services. Betting 10,000 times both ways on whether some fool will pay off his subprime loan is not a service in the normal sense of the world. It is legalized theft.

[Statistical]

35. No actual products? Really?

I thought you were more grounded then that.

AT&T - largest telecom company
Alcoa - largest aluminum supplier
Boeing - largest civilian areospace company
Caterpillar - largest heavy industrial machine company
Exxon Mobil - largest vertically integrated oil supplier
General Electric - largest conglomerate
Hewlett Packard - largest computer manufacturer
Intel - largest semiconductor manufacturer
Kraft Foods - largest consumer staple supplier
Merck - largest pharmaceutical
Coca-Cola - largest beverage company
Walmart - largest retailer

Financial companies make up only 10% of the DOW and only 19% of broader S&P.

Bank Of America
JP Morgan Chase
Travelers

[eridani]

36. And how much of what those compamies make is made here?

Decreasing amounts of it for sure. So the people here who used to have jobs making things have to cut back a lot on consumption, since debt is not an option.

[notesdev]

7. Let's talk in Nov

and see how you feel about the DJI as economic indicator

[Hubert Flottz]

8. Dave Vitter is one of their top people now...

The cream of the GOP...

[opihimoimoi]

10. Aloha Flottz from the mountains....Lets not forget Michele Bachmannn

and Sarah Palin...they gonna get top positions in the GOP.

Look how far Mikey Steale got...?

He is the Man of the GOP...hip hop n all...he is the one legged waiter at IHOP

Vitter is being elevated by them string pullers....for some reason....they like him, not sure if its hi DDers or not.

Sanford sailing for Argentina, Ensign is exposed as a guy who fucks his friends wife while both work for him...WTF?

These dudes are KILLING THEMSELVES

[Hubert Flottz]

18. America festered for eight years under the BushCo blight...

I never expected her to get well overnight, after all the tearing down the neocons did.

The GOP is the "Big Clunker" now. Even Joe the Plumber is tired of all the GOPer's crap! Joe should have seen the writings on the walls, in all those stalls and halls!("For A Bad Time, Vote GOP!")("Arragghrrorwr!")("Call Larry, I812long")("Arragghrrorwr!")("Drill Baby Drill")("If you can read this you are pi$$ing on my foot!")("Arragghrrorwr!")("Dave Was Here!")

[opihimoimoi]

20. Nobody wants them GOP Clunkers...engine shot, tranny shot, and body looks like shit...

The Poor GOP. they came a long way from 2001 9/12...Shot down like a wounded duck by Cheney/Bush combo

[Hubert Flottz]

28. You ain't even safe sitting on the shitter, thanks to "respected"

members of the GOP. Somebody should have been "keeping America safe" from the GOP! Them blue dogs don't hunt!

Edit...You paid your taxes for the past eight years and all you got was a shitty diaper.(put that on a shirt)

[opihimoimoi]

30. The peeps is La should print that on T shirts....shitty diapers...LOL

America should be Insured from the GOP damage and losses...

[TexasObserver]

9. That's why the GOP Wall Street goons keep trying to undermine the recovery.

The more the Obama recovery takes hold, the more desperate they are to undermine it. They know if the economy is strong next year, it's over for the GOP in the midterm election.

That's why we were hearing this week about the "W" recovery, implying that in the next year there's going to be another big dip. It's wishful thinking on the part of those who missed every clue as the DOW fell from 14,000 to 7000, but now they're experts.

[opihimoimoi]

14. For those dudes...forget about COUNTRY FIRST...THEY THINK SELFINTEREST

sorry for screaming

[HamdenRice]

17. DU's Trotskyites, Doomers, "let it failers" and Obama-haters ain't so happy either nt

[opihimoimoi]

21. President Obama got the transparent High Road...the Positive side of things

The Pubs got shit...and they noes it...look at their Political Bench and ya get what I'm talking about...

They got crap and now resort to Bullyism...it will worsen soon....for them.

[girl gone mad]

19. still a lot of gloom and doom around.

A few economic headlines from this week:

Wages and Salaries Fell 4.7%, Most On Record
ISM Shows Recession Not Over Yet
Office Volume Down 50% to 91%; Industrial Space at Decade Low; Retail Vacancies at 7.5%
Jobs Contract 19th Straight Month
More than 2,000 commercial properties in Maricopa County, Arizona in foreclosure
Baltic Dry Index Down 17% for the Week, Worst Fall Since October
Personal Bankruptcy Filings up 34.3 Percent compared to July 2008
Bank Failure #72: Community First Bank, Prineville, Oregon
Freddie Mac: House Price Improvement "Largely Seasonal"
Consumer Credit Declines in June
Fannie Mae: $14.8 Billion Loss, Requests $10.7 Billion from Treasury
Hotel RevPAR off 15.5 Percent
Foreclosures: One Giant Wave, Still Building
Geithner formally asks Congress to lift $12.1 trillion statutory debt limit, saying it could be breached as early as October
Consumer Credit Falls At Double Expected Rate, $70 Billion Decline YoY
Colonial BankGroup Faces Federal Investigation, FDIC To Be Appointed Receiver Shortly
Last Week's Insiders Transactions: 5 Buys For $13.4 Million, 145 Sells For Over $1 Billion

We've papered over some problems using trillions of borrowed and printed dollars, but there are many signs that inflating more bubbles won't save us in the long term. If you live by the sword, you can die by the sword. I think the administration should be wary of hyping and gains in the Dow.

[opihimoimoi]

22. The Admins is saying things are looking better than expected...a hopefull sign

[varun]

23. Baitullah Mehsud (Terrorist in Pakistan) killed

No words of praise for the administration for doing that at FR.

[opihimoimoi]

24. They are blind to all things differing from their views...myopic indeed.

[Union Yes]

27. JUMP FUCKERS!... comes to mind. knr

[alfredo]

33. An improving economy will help healthcare legislation.