Forum Post: Your Comments on the Soaring Stock Market ?
Posted 12 years ago on March 13, 2012, 5:24 p.m. EST by infonomics
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Your comments on the soaring stock market? Is it an indicator of prosperity for all or is it based upon another scandal in progress?
Each time they downsize ie lay people off their profit margins / stock rises a percentage point so people buy the stock thinking the company is doing well. But it's a catch 22 more people not working means less people buying, means wealthy pay more taxes so they want more profits so they lay more people off and the cycle goes on and on. No the economy is going to crash in the end the dollar will be worth nothing - are you going to let it continue so you have to stock up on ammo, guns, and canned goods, or are you going to join the fight for freedom and stability? Fight Anarchy- Fight Wallstreet!!!
The stock market and unemployment have shown their divergence. It is absolutely not an indicator of prosperity for all. "A game for the 1%" is a better fitting definition of the stock market.
For the 1%, the economy has pretty much completely recovered. Corporate earnings are at all time highs, and with record-low interest rates, all that investment capital needs to go somewhere. Given these facts, the stock market run-up is not surprising.
Unemployment is only an issue for the 99%. In fact, high unemployment has been a plus for large corporations and billionaires. They have the leverage to give low salaries and constantly threaten workers with layoffs.
Stocks at all times highs. Labor participation at 40 year lows. Has this combination ever happened before?
This is what an absolute corporate takeover looks like.
ive been thinking about the same thing, and though in previous times the stock market has been a reliable place to save money, its much more volatile now, and I think the next catastrophy is going to cause another collapse. Id wait for the next collapse to buy back in.
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It means something to a small group of people. It means nothing to the vast majority of working people.
stock market is not an indicator of prosperity for main street, never has been. but job growth is. and the trend is clearly up, we have six months of sustained hiring.
today was glorious, portfolio up 3% with the span of four hours on JP Morgan gloating, FOMC statement and greece upgrade. but unsettling in the long term. six months of positive jobs data wasn't enough to shake the fed from its hell bent determination to keep the yield curve flattened through next year. makes me wonder if ben learned anything from greenspan's woefully misguided policies after the dot com bubble burst.
i'm not buying new positions, but i'm not selling either. selling equities into sustained job growth is moronic, especially when unemployment is still elevated.
Just looking for curiosity sake at a real gauge of the economy - Receptionist $8.50 per hour ... Apartments $1200.00-$1700. per month check it out in your area and let me know what you see At this rate that receptionist makes $1473.33 per month but that's before taxes (20-24%) gas to commute - $30-60 a week, and health insurance (as mandated by the state) before any other bills or food... Our receptionist needs roommates to survive with no possibility of ever saving or paying for school. So she may as well live in a rooming house and live on the job site the rest of her life (until she meets a man?) Um how many jobs do we have to work so the big fat cats asses that use us to make all their riches can buy another golden umbrella stand or useless piece of crap for his mansion and then have the nerve to come to work acting all cultured and philanthropic (when we all know they get write offs for their charity) and act like we're some moronic pieces of shit that were too dumb not to start a business with their parents money like they did - Oh I sooo feel like listing all the fat cat arrogant assholes I once worked for and lining them up for their crimes against decency to employees plus all their tax evasion and dishonesty to customers. But until I'm independently wealthy I can't really risk getting on some list. Google is watching.
A receptionist working in an area with $1200-1700 per month apartments is going to be making a lot more than $8.50 an hour unless she is just awful. I pay mine about $17 and you can get one floor of a multi-family home around here for about $600-700 per month.
It was an ad on Craig's list one of many - a decent one floor of a multi family home for that price in which fantasy land / state or ghetto are you living?
In RI. They aren't in the nicest neighborhoods but definitely not ghetto. Just old suburban neighborhoods. This one took me about 15 seconds to find and is a decent 2 bedroom for $675. You even get a private balcony.
http://www.rentalhomesplus.com/summarybz.aspx?page=summarybz&property=284970.168&SearchCriteria=J3XlTvUYOoJY/K5U5mak8recu0OuAmkZ8VEEWNaj8Q60g6rblQy4ZKNcUpEMZpNPMtBD0DnGl2WnYAS2v7ae6zRSvAQEm1U0xXjX3tQQdJDnMb0B7i0KlvZq3R6QYI8n1atU1Wax/4LYfmIMNXT9asDkQkds5PHK-|ZxdAcjouvX98r6R7R9yo7/gMwNBaq2Z&prvpg=7&sid=e0fde102-a256-4a91-b102-88b23ee9d1cf&partner=google&O_PK=apartments%20providence%20RI&frontdoor=google&productId=B&origin=apts
And I don't doubt there are a lot of apartments for $1200 a month, and plenty that are a lot more. But I do doubt that a good receptionist only makes $8.50 an hour. Anyplace that pays them that little will have high turnover and one crappy receptionist after another.
People before stuff !!!! Once upon a time Americans were not quite so greedy they actually felt like rewarding employees for a job well done, because they were part of what built their wealth and companies. Pay it forward. Employers are now so dissociated from their employees and other human beings.
you see they only went back to 2007. in 2005 the dow was a lot closer to 20. they dont mention that though do they
Sucker's rally.
Looks like many not super wealthy sheeples are about to get majorly sheared again.... and they'll come back for more just like they did after their lasting reaming.
And why do you think this is? Who is more likely to have access to the type of information that would most accurately predict where the economy is headed next? The 1% (billionaires, CEOs of wealthy multinational corporations) or the 99% (most small business owners, rank-and-file employees, the homeless)?
There's a reason much of the 99% sold stocks at the market bottom, missed the subsequent rebound and are likely to get suckered into the new high just before the next recession. They simply do not have access to the same information (or investment opportunities) that the wealthy do.
What is certain is that it will happen.
What, another recession? Of course. Wall Street thrives on market volatility to make its profits. But the problem is that Main Street will always be the last to know, and the first to get screwed
I don't think the lower majority has come out of the depression yet and don't see it happening soon..... the two divides are separated vastly.