Woo Woo - Dow Over 9000......

[global1]

when was the last time we hit that milestone?

[Taverner]

1. Joy - more jobless recovery

[HughMoran]

24. As expected, right on plan

No matter what the all negative people think, jobs will start to come back in the next quarter.

[TheWatcher]

41. And when they aren't

What will all you cheerleaders tell us then?

Be patient until next quarter?

This has nothing to do with what all the "negative people" think.

It has to do with the reality of Wall Street VS. Main Street.

Your head has been totally in the sand regarding this, and I don't expect that to change.

THE REAL ECONOMY IS NOT IMPROVING. JOBS ARE NOT IMPROVING.

But I'm so happy you have your Bubble back.

[TheWatcher]

48. Oh, and this isn't going to help your Cheerleading case either

Soft PC sales send Microsoft profit down 29 pct

http://finance.yahoo.com/news/Soft-PC-sales-send-Microsoft-apf-2902367168.html?x=0&sec=topStories&pos=main&asset=&ccode=


ap
Soft PC sales send Microsoft profit down 29 pct
Microsoft says profit drops 29 percent, posts first full-year drop in sales since 1986


SEATTLE (AP) -- Microsoft Corp. said Thursday its profit in the last quarter plunged 29 percent because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since the company went public in 1986.


Microsoft's revenue in the quarter was well short of analysts' expectations, and its shares plummeted $2, or 7.8 percent, to $23.56 in after-hours trading. Before the earnings report the stock had gained 3.1 percent to close at $25.56.

The results reflected how Microsoft's fortunes are tied to the PC industry, which is expected to sell fewer computers this year than last -- the first such decline since 2001. Many buyers are holding on to their existing machines for longer than normal, partly to save money in the recession and partly because Microsoft is releasing a new operating system Oct. 22. Among consumers, the hottest segment of the PC market is in low-cost "netbooks," which run Windows XP -- a lower-profit product for Microsoft.

"We are a stronger company than we were a year ago," Microsoft Chief Financial Officer Chris Liddell said in a conference call. "However, the economy continues to be challenging and we need to lift our game to another level in fiscal 2010."

Microsoft's earnings in the last quarter, which ended June 30, sank to $3.05 billion, or 34 cents per share. In the same period last year it earned $4.3 billion, 46 cents per share.

Hope you didn't Buy At The Top.

:rofl:

9000, we hardly knew ye.

Ah, hell, what do the "negative people" know?

This is probably good for another 500 Dow Points and CNBC will tell us it's good.

WHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!

[SoCalDem]

2. Probably just some companies announcing more layoffs or plant closings

:(

[rockymountaindem]

27. Wrong

Ford and 3M announced some big profits today.

[SoCalDem]

33. less payroll=more profits a lot of the time..

and wall street always gets into heavy breathing & dilated pupils when companies "trim fat"..:puke:

time will tell. the stock market's been hyper-inflated for so long now, who knows what it really "should" be or should have been all along..

[Hannah Bell]

38. & toyota is closing nummi. 5000 jobs.

[notesdev]

3. Rising on hot air

look out below when this balloon pops!

[kentuck]

4. Great ! The economy is recovering!

Wall Street is booming again!

[abumbyanyothername]

5. Ford's 2.3 Billion Dollar Profit. nt

[Hannah Bell]

39. link? 2.3 billion in one quarter? why do i doubt this.

[abumbyanyothername]

40. link

http://online.wsj.com/article/SB124834005025175293.html?ru=yahoo#mod=yahoo_hs

[Hannah Bell]

44. the other part of the story.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6130513&mesg_id=6132649

[Hannah Bell]

42. the other part of the story.

Excluding a net gain of $2.8 billion mainly from debt reduction, Ford's operating loss narrowed to $638 million, or a loss of 21 cents per share, from a loss of $1.4 billion, or a loss of 63 cents per share, a year ago.

Analysts, on average, had expected a loss of 50 cents per share on that basis, according to Reuters Estimates.

Revenue fell to $27.2 billion in the quarter, from $38.2 billion a year earlier. Analysts had expected $23.39 billion.

http://news.yahoo.com/s/nm/20090723/bs_nm/us_ford




Report: Toyota to liquidate its stake in Fremont's NUMMI plant
By George Avalos

FREMONT — Toyota Motor Corp. has decided it will dissolve its stake in the NUMMI auto factory it operated here with General Motors Corp., leaving union officials at the plant dismayed and disappointed.

The Japanese car maker will begin negotiations next week about the liquidation of the venture and the timing of a shutdown of the New United Motor Manufacturing Inc. factory in Fremont, according to at least three published reports.


http://www.mercurynews.com/topstories/ci_12899645

[Jkid]

6. Vegeta, what does the scouter says about the Dow Jones value?

It's over...NO! Not this time.

It wouldn't matter if the national economy is recovering, it makes no change for the real economy. The only thing we got was jobless recovery and a era of "austerity", while the well-off and affluent goes off as business as usual.

I knew this was happening and it is happening. Too bad the mainstream media is distracting the public from the real issue.

[1776Forever]

7. Check this out - Dow was over 9000 in Oct. 2008 & this website is called LiberalsMustDie.com - sick

When I was checking this out I found this website that is called LiberalsMustDie - the said the following:

Our economy is doing GREAT! Don't listen to the liberal media, the Dow is OVER 9000!!!!!!!!!

........

It was posted on Oct. 9, 2008 - Little did they know!

http://liberalsmustdie.com/2008/10/09/The+Dow+Its+Over+9000.aspx

[Jkid]

8. In after "Over 9000"

[Turbineguy]

9. Looks like the Carter-Clinton-Obama recession is over!

and the GW Bush expansion is in full flow.

[rucky]

10. IBTD

In before the dive.

i think.

[KansDem]

11. FINALLY!!! Bush's tax cuts kick in!

I'M KIDDING!!! Just kidding! Really! juuuuust kidddddding...

But how long until we here the freepers/wingers/fundies cry this out?

[scarletwoman]

12. So fucking what? Seriously. It means absolutely nothing in the real world.

Yay, rich Wall Street bastards are getting richer. Woo-fucking-hoo.

Will the DOW at 9000 bring back the hours I've had cut at my job? Will it unfreeze my wages?

Will it slow down home foreclosures? Will people's living expensives go down? Will it decrease the poverty rate?

We'd be a hell of lot better off if the financial sector was shrunk down to the size suitable for drowning in a bathtub.

sw

[Voltaire]

31. Thank you for that

I give less than a shit where the DOW is. It means nothing to folks on the ground. The less worship of Wall Street and their sociopathic greedheads, the better.

[SOS]

13. Not humanly possible for me to care less

Lloyd Blankfein's net worth increase by tens of millions while my wife and I research filing Chapter 11.

Working hard for 30 years has left us with nothing.
Everything wiped out due to job loss, business decline, health care bills.

F#ck Wall Street and the criminals who work there.

[TheCowsCameHome]

14. Good.

[Javaman]

15. Going down or up? LOL nt

[dmallind]

16. The Dow is only meaningful on DU when it drops

When it goes up it's a dead cat bounce or manipulated smoke and mirrors.

When it goes down it's because the capitalist economy is a house of cards that is finally collapsing.

It's truly profound and valid if you pick a carefully selected high point and then show how much money the average retirement fund working class investor has "lost" from that point to the current day. But if you suggest the same investor has now gained about 40% in just a few months if they bought at the low of 6440 that's a ridiculous example that only helps the rich in control of all this.

Everybody from love him or hate him Krugman to current darling boy Roubini who was finally right once after predicting doom non-stop for years and years says unemployment is a lagging indicator for economic recoveries, but the only acceptable sign of an incipient move towards economic recovery on DU is full employment.

You get used to it.

[SOS]

25. 78% of Americans under $35K own no stock whatsoever.

For people in my income bracket the Dow is irrelevant whether it goes up or down.

http://www.icifactbook.org/fb_sec6.html

[dmallind]

35. And yet more than 50% of Americans own stock directly or indirectly.

So who is the outlier?

[Hannah Bell]

45. From 8/2006:

Taking Stock of Stock Ownership

It probably would surprise a lot of people to know that less than half of American households are
invested in the stock market in any form--either directly or indirectly through mutual funds or
401(k)s. The percentage of households that own stock declined from 51.9% in 2001 to 48.6% in
2004 – the first decline recorded. Furthermore, the percentage of households with more than
$5,000 in stock fell from 40.1% to 34.9%--the first decline in this share.

Stock ownership remains concentrated among the wealthiest households. The wealthiest 20% of
households own over 90% of all stock value. For the top 1%, the average value of stock holdings
was $3.3 million in 2004, down from $3.8 million in 2001. The average value of stock holdings
for the middle 20% was $7,500 in 2004, down from $12,000 in 2001.

“The typical American family relies on home ownership and home equity for their financial
security, not the stock market,” said EPI economist Sylvia Allegretto, the principal author of this
chapter.

Red Ink Rises

A key finding regarding the other side of the wealth ledger – liabilities – is that household debt
has continued its upward trend. Since the early 1980s debt has grown significantly as a
percentage of disposable personal income, and steep increases have occurred since 2000. In 1982
debt was 67% of disposable personal income; by 2000 it was 102% and in 2005 it reached an all
time high of 132%.

Debt consumes a growing share of household income – up from 12.9% in 2001 to 14.4% in 2004.
Middle income households spent close to a fifth (19.4%) of their income paying down debt in
2005, an increase of 2.3 percentage point since 2001.

http://www.epi.org/page/-/old/newsroom/releases/2006/08/SWApr-wealth-200608-final.pdf

[dmallind]

51. My GOD 48.6!! That's way different from what I said!!

[alcibiades_mystery]

34. ROFL

:thumbsup:

It's a case study in confirmation bias.

[Kalyke]

17. I have a dog named Woo Woo.

:D

That's why I clicked on this thread.


(She's named that because, when she barks, it comes out "woo woo woo woo.")

[hunter]

18. You can't eat Dow or pay the mortgage with it.

The Dow is a distant world to most Americans.

[onenote]

20. it may be distant in one sense, but "most" americans have an interest in the market doing well

By most estimates, somewhere in the neighborhood of 60 percent of all households have either a direct ownership of stocks or indirect through mutual funds, 401Ks, etc.

[TheCowsCameHome]

21. Unless you need the money to help sustain you in retirement.

[NNN0LHI]

22. If I bought 5 grand in Ford stock for a buck a share a few months ago I could have paid my house off

http://www.google.com/finance?client=ob&q=NYSE:F

I would own my house free and clear right now. Wouldn't have a mortgage any more.

I would have had enough left over for a nice vacation.

Don

[SOS]

30. Wouldn't that apply to a casino as well?

If we knew in advance which stocks were going to go up 700% in six months we'd all be rich.

Knowing the next card to be dealt in blackjack would yield the same result.
But whether on Wall Street or Atlantic City, only cheaters have that advantage.

And with a personal contact in the IPO game of the late 1990s I can tell you, with absolute certainty, that the cheating and swindling of the average investor is astonishing.

[hunter]

32. If I had 5 grand...

:shrug:

If my wife and I lived in Canada we'd be millionaires.

Here in the United States we pay medical bills. Our credit rating is trashed.

Health problems, the kind of random stuff that could happen to anybody knocked us out of the game. Then half our meager retirement simply evaporated.

Fortunately we never borrowed money against the insanely inflated peak value of our house or we'd be bankrupt now.

[dixiegrrrrl]

23. Just like our retirement funds are now a distant memory.

Imagine that, the economy and market crashing just as us boomers were getting ready to cash in on all the money we had been *saving* in our retirement accounts.
What a co-incidence.

[Statistical]

26. Well technically you can buy the DOW via ETF and use the dividends to...

buy food or pay mortgage.

[cbdo2007]

28. Many of us can...

those of us who do our research and buy good companies at bargain prices have been gaining 10% + per week for the past three months.

Learn how to trade stocks, just like you learn any other job, and if you find out you're good at it you'll be amazed how much you can make.

[TheWatcher]

49. Until this Bubble based on Propaganda and Artificial Ponzi mechanisms Collapses again.

It's a Big Club, and you Ain't in it.

they might let you sit at the table for awhile, but in the end The House Always wins, Jester.

[timeforpeace]

19. Positive reaction to the President's speech last night?

[EVDebs]

29. Wall St thrives, Main St dies nt

[MadHound]

36. The Dow is fairly meaningless as a measure of our econmic well being

First of all, the Dow is an index of thirty, count them, thirty companies. That in itself is a limited slice of market. The Russel 500 is much more accurate since it has more companies listed.

Secondly, the Dow moves on the slightest thing, up or down, thus it's not a reliable measure. Compounding that, the Dow is often contraindicative. For instance when a company like Microsoft lays off five thousand people, MS stock is likely to go up, since that means lower overhead and more profits for the shareholders. Yet those five thousand newly unemployed are a drag on our economy.

There are much better indicators of how our economy is doing, unemployment rates, home purchases, CPI, etc. etc. and you really need to look at a basket of these indicators to get a good sense of how our economy is doing.

[Jkid]

37. Interesting...

But still why is the mainstream media focuses only on the Dow Jones?

[newportdadde]

43. What would it be if they hadn't taken GM out? Thanks but I'll stay in cash.

I went into cash back last August, I'm staying there until I see jobs being added instead of each month loosing 500 or 600k.

This is just a a temporary bounce to bring folks back in and then it will crush down again in the fall, did it several times in the depression. The market is going to stair step its way down to 4000ish.

[A HERETIC I AM]

47. If you are convinced that is going to happen, why stay in cash?

Why not just short the Dow and the S&P 500? You can do it using ETF's. If the DJIA is going to go to 4000 and you bought a short Dow ETF at this level, you stand to rake it in.

I imagine you really aren't willing to put your money where your convictions are.

Or are you?

[A HERETIC I AM]

46. Well, since no one has answered your question yet, January 6, 2009

The DJIA was last over 9000 in early January.

The first time it crossed that threshold was April 6, 1998.

[dmallind]

52. So in other words anybody using stocks as long terrm instruments as they should

Is absolutely better off than they were 11 years ago.

[Stinky The Clown]

50. Goldman Sachs sez woo woo ...... you and me ought to be saying 'so what'

[heppcatt]

53. Vegeta, what does the scouter say about his power level?

..............