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All major US stock indexes post record closes; oil rallies
CNBC ^ | 8/11/2016 | Fred Imbert

Posted on 08/11/2016 3:28:01 PM PDT by mdittmar

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To: faithhopecharity
Macy’s is closing another hundred major stores....after having closed several dozen just a few months ago....

This cost cutting will improve Macy's bottom line. That's how the stock market seems to see it, anyway.

21 posted on 08/11/2016 4:14:41 PM PDT by TwelveOfTwenty (See my home page for some of my answers to the left's talking points.)
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To: DAVEY CROCKETT

Yes - it is back to school and tax free weekend was last weekend in Texas. Savings is around 8 percent when you don’t have to pay tax. In past years we have seen prices go up about 10 percent during this weekend and then back down when it is over. Plus it has turned out to be worse than Black Friday as far as crowds go.

Price of kids clothes is ridiculously high and quality is poor. Am wondering how much of the increase was due to increase in costs instead of increase in quantity.


22 posted on 08/11/2016 4:18:17 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: PGR88
Maybe we should ALL create counterfeit money to improve our standard of living, then dare the gov'ment/global elites and their friends on Wall St. to prove what they do is any different.

Pure evil, pure insanity, pure greed...call it what you will...

Bottom-line....prepare, because it's all a scam.

Those that perpetrated the scam will be long gone(after enjoying the many fruits of their larceny), they simply don't give a sh t about the consequences for others...they got theirs.

23 posted on 08/11/2016 4:18:49 PM PDT by RckyRaCoCo (FUMSM)
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To: VTenigma

Japan’s national debt is $10.5 trillion US dollars. That’s for an economy 1/4 the size of ours.

Their debt-to-GDP is over 200%, double ours.

They are in a very, very bad way right now and the size of the debt is massive - I think it’s second only to the US.


24 posted on 08/11/2016 4:23:08 PM PDT by Shanghai Dan
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To: Organic Panic

My customer base is gone.”

So sorry about your business problems. All our clients are doctors. Calls from new patients wanting to schedule an appointment are WAY WAY down, credit card rejects just for co-pays are WAY up.

Several current patients have called about changing insurance because premiums were just too high and they had to move to HMO plans which no doc accepts.

Nobody I know has any extra money!


25 posted on 08/11/2016 4:26:17 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: faithhopecharity

Office Depot is closing 300 stores... some real estate and retail rally?


26 posted on 08/11/2016 4:27:01 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: rockinqsranch

A lot more shopping being done online.


27 posted on 08/11/2016 4:28:04 PM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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To: VTenigma

Indeed. Not sure why the stocks rally when Japan index lost 3.5% in 12 hours


28 posted on 08/11/2016 4:28:42 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Smittie

They think it means consumption up when oil goes up, but it could be an entirely different reason


29 posted on 08/11/2016 4:29:44 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: VTenigma

we’ll all be on food stamps at that point.


30 posted on 08/11/2016 4:43:54 PM PDT by Roman_War_Criminal (*Convicted of thought crimes by the Left and the Right*)
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To: mdittmar

On To a Dow Jones 25,000!!!!


31 posted on 08/11/2016 4:49:26 PM PDT by NormsRevenge
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To: Shanghai Dan

All that is true. Japan is also a basket case. What Japan doesn’t have is an open border, an out of control welfare state, $200+trillion unfunded liabilities, and a monopolistic banking system running on credit default swaps that are exponentially greater than the entire global GDP.


32 posted on 08/11/2016 4:51:37 PM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: Roman_War_Criminal

I hope you can wipe your butt with your EBT card because that’s all it will be worth.


33 posted on 08/11/2016 4:53:44 PM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: taildragger
“They forgot the 3rd. The anticipation of a Trump Economy. ...Perhaps..”

Perhaps not.

Professional investors pay little or no regard to Politics and daily fluctuations mean little to them, they are just gambling with other peoples money. I wouldn't put a dime into today's market..

34 posted on 08/11/2016 4:54:29 PM PDT by montanajoe
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To: mdittmar

See, the Economy is doing so well...../sarc.


35 posted on 08/11/2016 4:58:19 PM PDT by Aut Pax Aut Bellum (The Summer of 2016 is going to be interesting...)
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To: TwelveOfTwenty

yes it may possibly do so
but it can’t be construed as a ‘retailing boom’
that’s for sure!


36 posted on 08/11/2016 5:16:09 PM PDT by faithhopecharity ("Politicians are not born. They're excreted." Marcus Tullius Cicero)
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To: mdittmar

TRUMP! They smell blood in the water and are predicting a win for TRUMP!


37 posted on 08/11/2016 5:26:12 PM PDT by A Cyrenian (America is ashamed of the crooked clintons.)
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To: JudgemAll
They think it means consumption up when oil goes up, but it could be an entirely different reason

I don't see how anything could be up when the GNP hasn't grown more than 3% in close to a decade...

38 posted on 08/11/2016 5:33:38 PM PDT by Smittie (Just like an alien, I'm a stranger in a strange land)
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To: mdittmar

The skin on that balloon sure is getting thin the bigger it gets.


39 posted on 08/11/2016 6:27:05 PM PDT by Revel
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To: Organic Panic

Ebay seems to be dead for me as well. Generally I can flip some of my spare parts, military surplus items, and the like for decent money.

The past few months have been essentially flat.


40 posted on 08/11/2016 6:56:38 PM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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