Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

former9thward

(33,424 posts)

28. My post said WHEN it happened.

Reply to Nye Bevan (Reply #27)

Fri Feb 1, 2013, 03:24 PM

Feb 2013

The Dow was at 14,164 on October 9, 2007. I think W was in office then or do you have better information? Anyone serious about the market knows it is idiocy to give credit or blame to presidents when the Dow goes up or down. But people still like to do it (at least when it is in their favor).

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

36 replies

= new reply since forum marked as read

Highlight:

DOW OVER 14,000! But, I thought our economy was doomed [View all] MoonRiver Feb 2013 OP

He sure is a crappy socialist. Eom elfin Feb 2013 #1

Yep MoonRiver Feb 2013 #3

All this means is that the incredibly rich will be richer ... Myrina Feb 2013 #2

I don't have any money in the Caymans but I do have retirement funds. MoonRiver Feb 2013 #4

Congratulations ... most of us don't have that luxury. Myrina Feb 2013 #6

My husband and I worked many decades to build our nest egg. MoonRiver Feb 2013 #10

... which is why I congratulated you. Myrina Feb 2013 #35

Ok, sorry if I took it personally. MoonRiver Feb 2013 #36

Anyone with a mutual fund or a NightOwwl Feb 2013 #12

I thought you single moms were making a quarter million a year, including $30,000 in investments bulloney Feb 2013 #34

I don't NoOneMan Feb 2013 #8

And you're overjoyed to get a flake off a crumb that the parasites dropped from the Egalitarian Thug Feb 2013 #17

How about if the incredibly rich eat out more. Won't this be good for waiters and chefs? Nye Bevan Feb 2013 #7

But as you well know it doesn't work. There are not enough of them to buy enough stuff Egalitarian Thug Feb 2013 #18

It's not a question of it "working" or "not working". Nye Bevan Feb 2013 #22

And continue the cycle of making the rich richer and the workers poorer. Egalitarian Thug Feb 2013 #26

Yes, the trickle down theory is still alive! former9thward Feb 2013 #21

So your theory is that people *don't* spend more money when they feel richer? Nye Bevan Feb 2013 #24

No one feels "richer" when the Dow goes past 14,000. former9thward Feb 2013 #25

I don't think the Dow is the sole measure of economic doominess NoOneMan Feb 2013 #5

Well...... what did the Dow do in the Great Depression? (nt) Nye Bevan Feb 2013 #9

"sole measure" NoOneMan Feb 2013 #16

This is great news for many middle class families PennsylvaniaMatt Feb 2013 #11

This Johnny2X2X Feb 2013 #13

Exactly... PennsylvaniaMatt Feb 2013 #14

See #17. You and your grandmother would both be far better off if you had the opportunity Egalitarian Thug Feb 2013 #20

Very good news IF you can sell and get out of the market before it dives again. dixiegrrrrl Feb 2013 #31

Freepers: Since Obama is a Commie, howcome he hasn't Kingofalldems Feb 2013 #15

Oh Noes!1!1 Socialism! FSogol Feb 2013 #19

When this happened during the Bush administration ... former9thward Feb 2013 #23

Er.... Bush took the Dow from 10587 to 7949 (nt) Nye Bevan Feb 2013 #27

My post said WHEN it happened. former9thward Feb 2013 #28

Yes but as with so many things, unlawful wars, corporate welfare, "extra-judicial" murders, Egalitarian Thug Feb 2013 #29

All the measures he took really did save the economy, ESP the stock market. dkf Feb 2013 #30

Amazing that there are people at DU who seem rather upset malaise Feb 2013 #32

Oh yeah? Just wait and see if that uppity ni is electorated into our White's house again! why do ChairmanAgnostic Feb 2013 #33