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Will the DJIA Crack 15,000?

Discussion in 'Other Discussions' started by InTheLight, May 3, 2013.

  1. InTheLight

    InTheLight Well-Known Member

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    With the good news on unemployment it is hovering around 14,980 - 14,990 or so. I say it breaks 15,000.
     
  2. InTheLight

    InTheLight Well-Known Member

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    YES! There it is!

    Didn't take long...
     
  3. Revmitchell

    Revmitchell Well-Known Member

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    Yes of course it did. But if the Fed stops printing money that devalues the dollar and takes back all it has printed in the name of propping up the economy it would take a nose dive. And it probably needs to at this point.
     
  4. InTheLight

    InTheLight Well-Known Member

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    Blah, blah, blah. All the predictions of this sort of thing happening have all come true in the past 5 years.
     
  5. Revmitchell

    Revmitchell Well-Known Member

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    I have no idea what you are talking about. I mentioned nothing about predictions nor do I support any.
     
  6. Salty

    Salty 20,000 Posts Club
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    Thanks, I thought I was crazy or totally uninfomred......
     
  7. InTheLight

    InTheLight Well-Known Member

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    I didn't mention any names. Anyway, it's the far right, the Tea-Partiers, the Glenn Beckers, that have been saying the quantitative easing won't work, the Fed is printing money, it's unsustainable, there will be a crash, rioting in the streets, etc. etc.

    The Fed will do what is necessary to balance the money supply, hopefully they will succeed. They're not going to "stop printing money and take back all they have printed"--that's just stupid talk.

    The facts are that corporate America is sitting on cash, they are profitable, and the market is reflecting that fact. They've grudgingly accepted the fact that ObamaCare will be implemented. Now they are starting to hire people.

    The stock market is usually the leading indicator of the general health of the economy, and it looks like we will have some slow, steady growth, with bumps here and there.
     
  8. Revmitchell

    Revmitchell Well-Known Member

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    Actually it is the far left that has no qualms about printing money willy nilly based on nothing. That is what is idiotic. Of course the far left also did not have a problem regulating the mortgage industry and banks to force them to give bad loans. And they swore up and down in GOP lead hearings on the problems with fannie and freddie that there was nothing wrong. We saw how that turned out.
     
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