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MadHound

(34,179 posts)

9. Meanwhile, out in the real world, people are still hurting

Reply to sinkingfeeling (Original post)

Fri Feb 17, 2012, 06:26 PM

Feb 2012

Millions are still unemployed, millions are underemployed, millions are being foreclosed upon, millions are stuck with underwater mortgages.

The Dow is not a significant indicator of anything other than the fact that the rich are getting richer. After all, the top ten percent of wealth owners in this country own eighty percent of the stock.

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Dow closes at highest level since May 2008. For the week, Nasdaq gains 1.7%, and S&P 500 adds 1.4%. [View all] sinkingfeeling Feb 2012 OP

The Dow has doubled under Pres. Obama surfdog Feb 2012 #1

At least as importantly, the NASDAQ is higher than at ANY time under Bush. denverbill Feb 2012 #2

Won't hear that in the MSM? MineralMan Feb 2012 #3

Well, I just visited CBS.com, NBC.com, ABC.com, and FOX.com and saw no mention of it. denverbill Feb 2012 #8

Larry Kudlow (CNBC Rethug) Said That The Dow Would Get Over 20,000 Under Bush II Yavin4 Feb 2012 #4

I feel sorry for those who go to him for advice rurallib Feb 2012 #5

The HIGHEST EVER Dow Jones closing in history was 14,160. FarLeftFist Feb 2012 #6

But who (or, really, what) is pushing up the DJIA? Roland99 Feb 2012 #7

That's what I don't get AT ALL... CoffeeCat Feb 2012 #10

Ayup...the chart for the Baltic Dry Index is pretty damn scary. And consider these two items... Roland99 Feb 2012 #13

Meanwhile, out in the real world, people are still hurting MadHound Feb 2012 #9

Wow! I did not know that... CoffeeCat Feb 2012 #11

What is key is the companies that make up the Dow MadHound Feb 2012 #12

How wonderful for the 1% eridani Feb 2012 #14

That was my thought Populist_Prole Feb 2012 #15

Jobs are our biggest export Art_from_Ark Feb 2012 #16

My 401 K and IRA's look damn good, B Calm Feb 2012 #17