So 26 year record unemployment is met with a year long high Dow

[NightWatcher]

Bank, energy, and some commodity shares showed an approval of the "New Normal" as well.

We are fighting over the table scraps that fallen to the floor and our corporate masters are loving it.

"You should just be glad to have a job in this economy, now go mop the bathroom. Oh I'll also need you to work a few more hours off the clock since we cant get any overtime this week"

Sorry, but I'm too tired tonight to fight about anything

[Dreamer Tatum]

1. Confidence driven by world governments leaving interest rates low

so as to encourage economic recovery and growth.

Plus the weakening dollar always bolsters commodity prices.

Sorry you're having a hard time.

[NightWatcher]

2. I'm just feeling more and more like we've become a 3rd world country

and too many people are just wrapped up in fear and loathing of a Muslim- African American President, a gun grabbing, Socialist Congress that's going to force medical coverage on us that will kill grandma or throw us in jail if we refuse to accept the mark of the beast...


Sorry, working with poor, hateful, ignorant, redneck fucksticks is wearing on me. The idiots are losing their jobs and saving at record rates, but all they do is lash out with wedge driven hate from AM hate-talk radio.

[aSpeckofDust]

4. We'd be better off with a socialist system. The capitalist one is screwing us royally. n/t

[doc03]

3. The Dow trades on what people think the economy will do

6 months to a year from now.

[girl gone mad]

8. I think you've made this claim before..

but it requires proof.

The market has never been a reliable leading indicator of economic growth, recessions, employment, etc. At best, it's been a coincident indicator of GDP declines. That's it.

[Egnever]

9. What they think

Doesnt mean its right.

[doc03]

10. That isn't a 100% rule, sometimes other things drive the market

like some natural or political event. People are buying stocks now because they expect the economy and earnings to improve in the future. There are many reasons people are buying stock for one thing our stocks are a bargain for other countries because the dollar is in the crapper, another one is you can't make anything with your money sitting in a MM Fund they aren't paying any dividends. Of course you could have a natural disaster or some kind of political crisis that could make the market do a 180 at any time.

[girl gone mad]

11. I don't think people are buying stocks right now.

The volume during the current rally has been weak, and when you factor out the high frequency computer trading (all of those millions of instantaneous back and forth trades between firms), volume is almost nonexistent. I wouldn't make any assumptions about the future based on recent action in the equities markets. They are far too rigged at this point.

[doc03]

13. I bought $6000 of a mutual fund last Thursday and it has

appreciated over $300 so far and I am a people.

[phasma ex machina]

16. Buy low, sell high.

Got it. Your chart clearly illustrates the ambiguity of answering "what is low?" and "what is high?"

[Last Stand]

5. How is the healthcare industry doing on the heels of the news? nt

[jtrockville]

19. UNH +1.6% today.

The whole exchange was up, but you'd think if the new bill would adversely affect UNH they'd still be down.

[girl gone mad]

6. Pure manipulation.

where's the volume?

[branders seine]

7. god bless america

funny how that works, eh?

Maybe Barack and Tim will give Wall Street a few more trillions so the party can last until 2012.

[lib2DaBone]

12. The dam could blow at any time....

I hope the (PPT) Plunge Protection Team can keep the Dow at 10K. The dollar is on life support.. there IS light at the end of the tunnel... and it's a train... coming our way bigger and faster than anyone can imagine.

[intheflow]

14. Thus proving what I've been saying for decades:

Obsessive reporting of the stock market gains or losses has absolutely nothing to do with the reality most of us live in.

[janx]

17. Or the reality of the stock market, for that matter. n/t

[izzybeans]

15. The cart is before the horse. It is no wonder the horse is spent.

[Better Today]

18. I'm unemployed and have massive debt as of a few weeks ago. . . the Dow rose on

the G20 commitment to continue stimulus strategies, primarily keeping interest low, or so is what I've read today. If this is the case, I can say I felt a tad more buoyant after finding that my rates aren't going to be increasing anytime soon.

Granted I'd rather be employed and not need to have taken the huge amount of credit risk, but that being the case, keeping the stimulus going helps now, in that my interest will stay very low, and stimulus continuing also means I'm more likely to find a position in the next 12 months (I sure hope)