Discussion in 'Political Discussion' started by Ilikehappyppl, Feb 19, 2013.
Dow and S&P close at new 5-year highs - Feb. 19, 2013
We are right on track...
We are? Or the stock market is?
I'm not trying to rain on any good news, but has hiring picked up at all?
I know my employer is still on their 2 year hiring freeze and will be through this year....but what do i know.
The investor class is doing the happy dance..
I guess that is sorta my point D.
It's really sweet that the stock market (and businesses?) are doing well (5 year highs).
But is that really manifesting itself into jobs, pay etc etc etc etc.
Again, not trying to rain on any good news. Just doesn't seem to be making it from Wall St. to Main.
Hiring has been steady, that's not the markets fault that's our congresses fault. Imo hiring would of been a ton better the last few months if congress would get its act together and pass things that need passing and work on things that need worked on. Instead they're posturing and playing chicken and see who gonna cave first, instead of working things out like adults.
Either way things are on the up swing, I've been saying it since the election and was thinking it long before, I don't know how to explain it but life is about waves, its just how it works...some bigger then others and some smaller.We are on the upswing IMO at the moment.
Housing is up and at new highs, stock market is up, jobs are steady and if these idiots in Washington can get their acts together maybe will shoot out of this long downturn. Either way, steady growth might be a good thing in some aspects, if the highs aren't as high, the lows aren't as low...
Great point....the stock market isn't the economy. But at least both are over-inflated.
Here's the catch of the day regarding what is driving stocks higher. It's mergers!! And what happens when mergers increase? Jobs are lost, that's what happens!
US STOCKS-M&A deals lift shares, suggest value in market - Yahoo! Finance
54% of Americans own stock.....87% of those making $75k or more own stocks.
Are 401ks included in that percentage?
Ahh good ole merger talk. Apparently my employer will be "merging" with another competitor come the summer.
Ill just keep plugging along to help ensure I am not one of the "duplicate" types.
Understood happy. Agreed across the board with your post.
I guess to further my point - if the market was a solid indicator then "at a 5 year high" being driven by something tangible, then there would be more spikes in the hiring.
If my employer is any type of barometer, they have been and will continue to do "more with less".
The only thing that sucks is mid level types like myself (AVP) get worked to the bone, as there "is a resource issue", yet the higher ups hit their head count budgets (ensuring their bonuses).
I guess that's how the corporate cookie crumbles
I thought Wall St was the bad guy? Shouldn't we tax these evil corporate entities! Or is it that the only true industry America has left is exchanging money, a transacting middle man unable to create something tangible.
Yup, they sure are...
Oh? Cool. My old corporation should be giving their peeps that modest cost-of-living raise again any day now for the first time since 2008, per their contract.
Ooops, nope. Still nothing.
Gosh, I wonder how much further the cost of everything else vital to basic human survival is gonna rise before that flat-line in pay ever budges again.
Ah well. Growth isn't over or anything. Just look at the Dow!
Lets source this claim.. as apparently you are too lazy to do so..
Having a mutual fund or IRA hardly classifies you as being part of the investor class..
Perhaps this is what you refer to..
In U.S., 54% Have Stock Market Investments, Lowest Since 1999
I wonder what percent of Americans own new Mercedes Benz's?
And the answer is?
Who cares! No one, that's who!
I don't trust the market right now and have no faith in it. The house of cards might be getting taller for the time being, but it's still a house of cards.
History has shown us that the higher and faster the stock market balloons, the bigger & harder the fall that follows. I'm not predicting anything, I'm just stating fact.
Pretty much, and guess who's set up to win from that scenario.
I didn't realize alvinnf posted in size 5, bold, red font.....
Otherwise, I might have missed it!
It's good that the market is doing well, but lets not forget that the market was also doing real well in 1987, 2000, 2007...
Indeed they are. They can thank the printed money pumping by the fed, the price for which we peons will all eventually pay, and the lack of ways to earn a return anywhere else.
I'm just curious, in your view, where is congress at fault? What should they be doing specifically?
Yes it does.
Bingo. Sadly, they can only do it with the help of the fed, who is printing money nonstop, on the taxpayers back, and using it to buy up worthless mortgage backed securities. Good times.
Preach it Brother! :rocker:
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