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Populist_Prole

(5,364 posts)

3. Bingo. Well said.

Reply to Warpy (Reply #1)

Mon Aug 19, 2013, 11:17 PM

Aug 2013

Wall St, the dow jones etal is the absolute worst metric to use to gauge the health of the US economy. I don't cheer one iota when it goes up, and I don't give one-eight of a shit if it dips. Hell, it's a fairly reliable guide to bet against it. If I hear the dow jones rose, it probably means some US company closed their ops here and set up shops overseas, and champagne corks can be heard popping in boardrooms and in the dens of the investor class.

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Highlight:

Stocks drop for a fourth straight day [View all] Omaha Steve Aug 2013 OP

They're only being held up so high Warpy Aug 2013 #1

Bingo. Well said. Populist_Prole Aug 2013 #3

10 Year Treasury Note Munificence Aug 2013 #2

Money! Money! Money! Money! Money! Money! longship Aug 2013 #4

And all because Bernake played footsies with the Fed's stimulus participation. bluesbassman Aug 2013 #5