DOW over 10,000

[St. Auggie]

I see a TON of negative posts started on this site RE: the economy.  Was not overly suprised that I could not find a thread on this, though I did use the search function.  The DOW is now higher than its THEORETICAL high.  Bottom line, I know the Dow is not the ONLY indicator of the economy.  But some folks start these BS posts from obscure publications trying to scare folks into "double dip recessions" etc.  Guess what.  Employement is MUCH better than it has been in past recessions.  The interest rate is MUCH better than past recessions.  You cannot have ups without downs.  Guess which direction this heading?   

[Traveller]

The interest rate is MUCH better than past recessions.

What exactly does this mean?  Interest rates this low are not a sign of a healthy economy.

[St. Auggie]

The interest rate is MUCH better than past recessions.

What exactly does this mean?  Interest rates this low are not a sign of a healthy economy.

Vs. 18%? NO ONE borrows at 18%.

[Captain Zissou]

If you are trying to say we're in the clear, I strongly disagree.  It will still be over a year before the economy is healthy.  The fundamentals are still poor, and we still will have to deal with the fallout of all of the government programs that were used to artificially bolster the economy. 

[aj_fresh]

Employement is MUCH better than it has been in past recessions.  

I have been unemployed 19 months. I disagree.

[St. Auggie]

Nope, I think we coming into the clear.  I just cant believe how many negative posts I see on this board about the economy.  Guess what, things ARE getting better.  The two responses to this thread are my exact point.  The negativity on this board is amazing.  I thought posting something positive would bring a nice change.  I own a couple of businesses in St. Johns county.  All the numbers are trending UP.  Are they awesome? No.  Are they going up? yep. I posted it to say things are getting better.  Its a good thing and you should take it as such.

[St. Auggie]

[/quote]

I have been unemployed 19 months. I disagree.
[/quote]

That sucks.  Not gonna mince words.  Guess what for the nation, its a whole lot better than it has in the past.  Guess what, try to take a sliver optimism from my post and realize that things are improving.  Again, it goes back to my original post on here.  LOTS of negative posts.  So far we are three for three. Good job proving my point.  I do TRULY hope you find a job.  I have started 2 new businesses in the last 1.5 years.  I have been hiring.  I am doing my part.  And I will keep doing my part until the government screws me over by raising my payroll tax to pay for healthcare.  Thats cool.  I will just raise my prices so that we can continue this never ending loop of increased cost of living.  I know others who are hiring.  What line of work are you in?

[aj_fresh]

Auggie, I sent you a PM.

[whitey]

I'm sure this minor foreclosure issue won't be an issue.

http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/?postversion=2009101507

[St. Auggie]

Awesome, 4/4.  Who else has negative news? Who has the report on credit card debt? Who is gonna tell me unemployment is actually at 16%?  Ive used up two negative posts right there.  Now who has positive news to report? The point of my post is that there are so many negative posts on the board.  Why not be happy for one frigin moment that it at least appears things are GETTING better. That is a good thing.  Yep lots of bad things.  More of you will post those bad things, I am certain of that. I was sharing a positive because I knew no one else on this board would.

[JeffreyS]

The stock market up is a good thing.

[Steve]

Guess what, things ARE getting better.

If your kid who was getting F's comes home with a report card that has D's on it, does he or she deserve a party?

I think we are getting better, but let's be clear, we have a LONG way to go.

[BridgeTroll]

I agree with you Auggie... things are getting better.  My investments and 401k have nearly recovered and as I have been contributing to these funds all along I look to see asharp increase when things really start heating up.  I believe we can also see interest rates rising soon due to our gigantic deficit.

[St. Auggie]

Jeff and Bridge, thank you.  And no I would not throw a party for my 'D' kid, I would point out the GOOD things that he/she are doing and focus for just a moment that they are not a complete failure..

[mtraininjax]

If the Stock Market up is a good thing for you...groovy, I am happy for you. The reality since March is that we have seen GOLD prices rise almost 25% in the US, no where else around the world mind you, only in the US, as investors rush to protect the value of an investment.

Dumping 900 billion in Stimulus, has it helped anyone here? Will adding 900 billion in healthcare for 13 million americans help anyone here? It will add more debt service and that is killing the dollar. Our Dollar is going to continue to slide and we are going to see deflation, where the dollar is worth less and less.

Enjoy the jubulation over the Wall Street rally, but beware that the value of 10,000 is not the same value it was last year, at least not in dollars.