the stock market is about to hit all times high. What is going on?

[rodeodance]

[rodeodance]

1. just heard this on the radio

[rodeodance]

2. Dow is up 109 pts and S& P is up (can't recall the numbers).

[democraticinsurgent]

3. uhh, the corps are getting rich off the rest of us, thx to bushco...n/t

[OrangeCountyDemocrat]

4. Things Are Going Great!

Why are you so surprised?

Oh, and by the way.....Gold doesn't seem to notice. Got Gold?

[donsu]

5. Asia Times money man said the market would go up for a second

and then come down lower then what it started

(that's todays Asia Times on line)

[TomInTib]

6. Profits and increased productivity.

It has nothing to do with the everyman economy.

[tjwash]

7. Hell yeah, lay off 10000 workers,use your tax cuts to move them to India..

...pay pennies where you paid dollars, and watch the stock price explode.

Unfettered and unchecked capitalism is a beautiful thing to behold isn't it? :eyes:

[dogday]

8. All this tough talk on Iran has caused the price

of oil to sky rocket...

[HiFructosePronSyrup]

9. reaching record levels...

[HughBeaumont]

10. A "great" economy, but not surprisingly crappy when it comes to jobs

Yeah, we get it. Fat oilmen and businessmen are getting rich. But they're hoarding all of the wealth and throwing the middle-class a bone in the form of mediocre-to-below-average wage job creation that barely covers (if at all) the birth/death rate. Servicing and retail are replacing manufacturing, industry, science and high-tech. Bushconomy at it's finest: remain in the black with these average jobs so the conservapundits can rocket-jizz your economic performance, yet the proles won't complain until they realize the cost of just about everything is going up while their wages stay the same, and all of a sudden, their pay and job isn't all that great anymore.

[Fredda Weinberg]

11. Wall Street likes weak Washington n/t

[Uben]

12. Could it be?

The market historically returns 11% when dems are in control, and only 5% when republicans are in control. Maybe investers see the tide turning on the conservative movement and want to invest before prices start going up drastically.

[donsu]

13. nah

nt

[enid602]

23. right

You may have it. Funny how the market surges just as so many Republican scandals seem to be making traction.

[AndyTiedye]

14. The OIL COMPANIES are a Big DJIA Component

[Orsino]

15. The Dow is a measure of how well the investor class is doing.

CEOs and other major shareholders. It has nothing much to do with the average Joe, and isn't a measure of economic health.

All a record Dow tells us is that there's still money out there to be stolen.

[Julius Civitatus]

20. In other news: folks pawning family jewels to buy gasoline

otherwise they can't make it to work and make their meager salaries.

These numbers only tell us the investor class is doing better than ever. We knew that.

[RebelOne]

16. That's good news for me.

I hope that it will enrich my 401K and my IRA. Everytime I get a statement, the numbers go down.

[Greyhound]

27. Exactly, read Gary Weiss' book,"Wall Street Versus America".

The stock markets are fully controlled and the small investor has virtually no chance to make any real $ anymore.
On the SEC... "Self-regulation doesn't protect the public from Wall Street, it protects Wall Street from you."

Brokerage firms won't open an investment account until the client signs an agreement for mandatory arbitration, run by the industry, barring you from taking them to court when you find out they've been stealing from you. All the protections are for them, none for the stupid sheep.

[Julius Civitatus]

17. This is going on: The super-rich now have all the money. Get it?

The top elite has now more money than ever, and pay less taxes than ever, at the expense of the lower classes that, by the way, are pawning their personals in order to buy fuel for their cars (so they can go to work and make meager money).

The top echelon of our society are investing all that money, keep it growing.

The lower strata despairs in the meantime.

[ProfessorGAC]

18. Lying With Statistics

Hitting an alltime high, by breaking a record set 6 years ago, means that with time value of money included at any reasonable, zero risk rate of return, that the market is still 42% behind!

That's hardly an all time high!
The Professor

[BlueManDude]

19. jobs report was weak - chances of rate hikes dim n/t

[Recursion]

21. The dollar is about to plummet, is why

http://hosted.ap.org/dynamic/stories/I/IRAN_OIL_EUROS?SITE=NEYOR&SECTION=HOME&TEMPLATE=DEFAULT

So, people are pumping and dumping stocks.

I'm recommending investors look into bottled water, shotguns, and world real estate as growth markets.

[ComerPerro]

22. Well, the rich are getting richer. Therefore, they are buying stocks

and hoarding precious metals.

They know that the economy is going to collapse all around most Americans, and they just want to make sure they got theirs and no one else gets any...

[movie_girl99]

24. didn't that happen before 9/11 as well? n/t

[newportdadde]

25. You have to look at volume too.

A rally really means something IF you have the volume behind it. A big gain on a Friday with moderate volume at best, wow I've never seen that before :sarcasm:

Feels like a nice pump up followed by a sell off into options week, followed by the typical nothing happens summer.

[Greyhound]

26. The market manipulators are pumping it for the next shearing

Just watch...

[orwell]

28. Corporate profits

...are very strong, due in no small part to oil companies and financials which constitute a large part of the indexes. The main driver for this is the relentless money creation by the world's central banks to offset the global forces of deflation. Chief culprits here are the US Fed and the Japanese central bank which have held interest rates at or near zero in real terms for years.

This excess money creation from the central banks also feeds the global real estate speculations and the steady rise in commodity prices, including oil, worldwide.

Money is like water, it has to flow somewhere.