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View Full Version : Dow hits 13,000 for first time ever


samsung101
Apr 25th, 2007, 03:07 PM
Corporate earnings, large and small corporations, met their
expectations, and many exceeded their mileposts.

That coupled with continued record low unemployment rates means
the economy will continue for yet another quarter with steady growth.

Despite gasoline prices (paid $3.28 this morning).
Despite the drop in existing home sales.
Despite the decline in the new home business.

Home sales and home construction always have boom and bust
periods, that's the way of the industry. It is leveling out in the
home building business....look for smaller homes, fewer of the
'McMansions', more townhomes and condos, and more senior
complexes.

The Bush tax cuts continue to pave the way for the entire economy
to move up, not down.


No, Congress should not step in and help people who were sub-prime
borrowers, and who knowingly signed deals for sub-prime loans ,and
then, surprise, cannot pay the loans now. Unless, it was a scam deal,
they signed the deal, live with it. 95% of Americans with mortgages
pay their loans on time, and meet their legal obligation. Give them a
tax break, not those who don't bother to pay off their loans ,and have
a history of not paying off their debts.

samsung101
Apr 25th, 2007, 03:16 PM
I do think we should give our Veterans' (old and young) more tax &
business incentives to create their own business, get home loans,
get skills for high tech jobs matched w/high tech military training.
(As well as a lot more pay -under any administration- for being
in the military in general).

Give companies (especially smaller ones - under 100 employees)
more tax incentives to offer health insurance benefits.

13,000 - will that be a Time or Newsweek cover or NY Times front page
story? Not likely.

samsung101
Apr 25th, 2007, 04:48 PM
Euro reaching high against the dollar.

GM surpassed by Toyota as #1 carmaker globally.

Tariffs. Restrictions.

Other nations have them against our goods, we do not
have them - in general - against their goods.

They 'dump' the market to lower our prices, and to
make our sectors strive to match, and they cannot, i.e.,
auto, steele, computers, etc.


We don't want a market where we have big restrictions on
imports. But, we do have to change something in how we
deal with importing goods, as the rest of the world industrializes
at a faster pace, and China booms. Tax incentives to buy
American, to build in America, etc.

Auto industry shot itself in the foot by not taking the cues from
Toyota and Honda - smaller, better, gas mileage, diversify, and
making unions deal with modern times in contracts.

The computer and high tech industry rebounded by reacting to
competition. Auto did not. Steele did not.

No Name Face
Apr 25th, 2007, 07:00 PM
well this is good.
amazon's doing really well.

samsung101
Apr 25th, 2007, 07:11 PM
Which means a lot of profit sharing and 401K's are moving along steadily,
upward.


For anyone concerned their stock related accounts are too risky -
don't put everything into one basket - diversify.

4.5% unemployment rate.

That's a continuing historic record number - low number.

JuchuKai
Apr 25th, 2007, 08:42 PM
Corporate earnings, large and small corporations, met their
expectations, and many exceeded their mileposts.

That coupled with continued record low unemployment rates means
the economy will continue for yet another quarter with steady growth.

Despite gasoline prices (paid $3.28 this morning).
Despite the drop in existing home sales.
Despite the decline in the new home business.

Home sales and home construction always have boom and bust
periods, that's the way of the industry. It is leveling out in the
home building business....look for smaller homes, fewer of the
'McMansions', more townhomes and condos, and more senior
complexes.

The Bush tax cuts continue to pave the way for the entire economy
to move up, not down.




as if it was a poem :confused:

Scotso
Apr 25th, 2007, 08:45 PM
This has absolutely nothing to do with the Bush tax cuts. :rolleyes: Go back to school and take a few economics courses.

But this IS great news for the U.S. economy, which is very resurgent lately. It's been on a great winning streak, and it's nice that it finally pushed past 13,000. :D

miffedmax
Apr 25th, 2007, 08:46 PM
As the slowest recovery of the post-war era chugs along.

miffedmax
Apr 25th, 2007, 08:47 PM
This has absolutely nothing to do with the Bush tax cuts. :rolleyes: Go back to school and take a few economics courses.

But this IS great news for the U.S. economy, which is very resurgent lately. It's been on a great winning streak, and it's nice that it finally pushed past 13,000. :D

The stock market is not, historically, the best barometer of how strong the economy is anyway.

Scotso
Apr 25th, 2007, 08:59 PM
I didn't say it was, but the economy IS strong lately. Despite the many factors that suggest it should not be, such as gas prices and war.

Gas prices here actually went down a bit to 2.69$.

Helen Lawson
Apr 25th, 2007, 09:02 PM
I got my quarterly mutual funds summary earlier this month--through the ROOF!!!!! Big Bucks in the First Quarter!!! Ride the wave, baby!!!!

I don't know who's responsible, but I'd be willing to do all those things he likes--at least once.

Scotso
Apr 26th, 2007, 04:12 AM
I got my quarterly mutual funds summary earlier this month--through the ROOF!!!!!

Same here. :aparty:

!!!--Duiz™--!!!
Apr 26th, 2007, 09:53 AM
There is one terrible thing... even if the dow hits 20,000 and the dollars goes ahead and everything...

China will bite our butts by 2020... we must change our economy to anarcho-communism...

Scotso
Apr 26th, 2007, 04:36 PM
You have to love the people who always turn victory into defeat.

samsung101
Apr 26th, 2007, 06:32 PM
Housing always goes up and down, that's what business I'm in.
We have boom, and we have bust. That's the history of the cycles
in real estate - existing and new homes.


Right now, we're paying the price for the sub-prime market - bad
borrowers being given loans anyway, and gee, surprise, they're
not making their payments again. Duh. That's why they were bad
loan risks to begin win.

Housing prices skyrocketed - especially in So.Cal. - far beyond what
the homes were really worth. Now, it's flat line time, and some who
borrowed against their homes, are being hurt. But, that's real estate.

Homes in Garden Grove and Bakersfield should not be selling for
$1 million, yet, they were. Who thought a $900,000 home in
Lancaster would be the norm? How long could that figure last.




Like the stock market, it's long term deals that make the most. The
quick turn around that made so many quick money in real estate up
to 2005 is over for right now.

It will be back in some form.

But, that's housing. Like the stock market, it has huge ups, huge downs,
and the middle is where things usually hang out.

samsung101
Apr 26th, 2007, 06:35 PM
Again, look for smaller homes again. Not pigeon holes. But,
fewer homes with massive square footages, more granny units,
more homes seeking out the Latin buyer: bigger kitchen, bigger
family room, bigger garge, smaller living and office rooms, etc.
Think two familes in one home as a design idea.

More townhomes and condos as investments - giving buyers more
amenities on the grounds, and less square footage.

More senior homes - people want a place where they can retire
to, that is active, yet smaller, and kept up for them. Everything
easy to get to. Senior is now late 50's, early 60's, not 70 or 80.

The housing market has been slowing down for over one year, and
it hit a huge stumbling block in November, and it has lasted to now...
and news is being made out of it more now.

Helen Lawson
Apr 26th, 2007, 06:37 PM
Again, look for smaller homes again. Not pigeon holes. But,
fewer homes with massive square footages, more granny units,
more homes seeking out the Latin buyer: bigger kitchen, bigger
family room, bigger garge, smaller living and office rooms, etc.
Think two familes in one home as a design idea.

More townhomes and condos as investments - giving buyers more
amenities on the grounds, and less square footage.

More senior homes - people want a place where they can retire
to, that is active, yet smaller, and kept up for them. Everything
easy to get to. Senior is now late 50's, early 60's, not 70 or 80.

The housing market has been slowing down for over one year, and
it hit a huge stumbling block in November, and it has lasted to now...
and news is being made out of it more now.

If you're in housing, answer me this. Why do Latin people always have a couch, a TV and a pool table in their garage and keep the door up? I understand the bit with a Virgin Mary birdfeeder in the front yard, but I can't get the hang of this use of a garage.

miffedmax
Apr 26th, 2007, 06:45 PM
There is one terrible thing... even if the dow hits 20,000 and the dollars goes ahead and everything...

China will bite our butts by 2020... we must change our economy to anarcho-communism...

We should be an anarcho-syndicalist commune. We could take it in turns to be a sort of executive officer for the week, but all decisions by that officer would have to be ratified at a special biweekly meeting.

*JR*
Apr 26th, 2007, 06:50 PM
We should be an anarcho-syndicalist commune. We could take it in turns to be a sort of executive officer for the week, but all decisions by that officer would have to be ratified at a special biweekly meeting.
Starting here. (That power mad griffin needs her wings clipped). :devil: