Will the last person to leave to floor please turn out the lights
Posted on 05/17/2010 9:10:05 AM PDT by Kartographer
Dow Jones Industrial Average(DJI: ^DJI) Index Value: 10,465.53 Trade Time: 12:04PM EDT Change: 154.63 (1.46%) Prev Close: 10,620.16 Open: 10,616.98 Day's Range: 10,452.46 - 10,660.97 52wk Range: 8,057.57 - 11,309.00
(Excerpt) Read more at finance.yahoo.com ...
“Happy days are here again! The sky above is clear again ...”
“Once I built a railroad, now it’s done...”
Oil just under $70... whazzup with that?
We’re in the money, we’re in the money;
We’ve got a lot of what it takes to get along!
We’re in the money, that sky is sunny,
Old Man Depression you are through, you done us wrong.
We never see a headline about breadlines today.
And when we see the landlord we can look that guy right in the eye
We’re in the money, come on, my honey,
Let’s lend it, spend it, send it rolling along!
Collapsing economies won’t have the money to spend to BUY the oil and expand.
Green shoots! Green shoots!
The economy has definitely made a turn around - Dow was heading up - and now it is heading DOWN (see, turn around)!
What happens on the floor of DJ is only a fraction of the GDP. Small business people and their neighbors make up the rest.
Until small businesses start growing again all the DJ reflects is moving paper and hope from one pile to another - if stock volume equates to a good/great economy why are we having trouble?
Until the neighbors of the small business man hear that the small business man is getting well and showing a profit they aren't going to spend money anywhere. Do I have to repeat the paragraph above again?
Until the majority of the economy (2/3rds of it) think things are getting better the DJ averages reflect paper and electrons moved around - no “real growth”.
Like him or not Bush had the right economic idea after Sept 11, 2001 - America keep shopping and the government will try to keep things stable. Any one to debate this now?
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