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Another good day on Wall Street
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teedubbya Offline
#1 Posted: Tue, May 28 2013, 5:17 PM EST
Joined: 08-14-2003
Posts: 95,637
Bad news indeed

U.S. stocks surged Tuesday as investors digested stellar economic data that appeared to put the housing and financial crises far in the rearview mirror.

The Dow Jones Industrial Average closed at a record high of 15,409.39, after gaining more than 100 points, or 0.7%. (Tracking the Dow 30).

The S&P 500 rose 0.7%, and the Nasdaq added 0.9%.

At the same time, the yield on the 10-year Treasury note surged above 2.1% -- its highest level in more than a year.

Housing is hot. Consumers are confident: S&P/Case-Shiller reported that housing prices rose a better-than-expected 10.2% during the first quarter.

That was the biggest increase since 2007 and helped boost the entire sector. The SPDR S&P Homebuilders (XHB) ETF gained more than 2% at one point.

Separately, the May reading on consumer confidence hit a five-year high and jumped more than expected.

The Tuesday rally effect: Tuesday seems to be the day for buying in 2013 and today marks the 20th consecutive Tuesday that the Dow has inked gains.

Central bankers keep their foot on the gas: Central bankers, including the Federal Reserve, have been fueling the 2013 rally by buying up government bonds to push down interest rates and entice investors to buy stocks.

Central bankers in Japan and Europe signaled they were prepared to keep pumping money into their respective economies to keep rates low, even amid signs of recovery.

Asian markets and European markets both closed higher, gaining more than 1%.

dpnewell Offline
#2 Posted: Tue, May 28 2013, 5:23 PM EST
Joined: 03-16-2009
Posts: 7,491
...and why would this be bad news?
teedubbya Offline
#3 Posted: Tue, May 28 2013, 5:28 PM EST
Joined: 08-14-2003
Posts: 95,637
I dunno. Usually in here it draws a negative reaction. I was just trying to go with the flow.
HockeyDad Offline
#4 Posted: Tue, May 28 2013, 5:35 PM EST
Joined: 09-20-2000
Posts: 46,208
teedubbya wrote:
I dunno. Usually in here it draws a negative reaction. I was just trying to go with the flow.



You're trying way too hard.

The real story is hedge funds and big money investors are buying up real estate in boom-bust areas. Sell high/buy low. crash the economy/repeat/retire to the Caribbean

Raping & pillaging is alive and well! (and under the Obama Cone Of Protection)
teedubbya Offline
#5 Posted: Tue, May 28 2013, 5:40 PM EST
Joined: 08-14-2003
Posts: 95,637
I just wanted to fit inCrying
HockeyDad Offline
#6 Posted: Tue, May 28 2013, 5:49 PM EST
Joined: 09-20-2000
Posts: 46,208
teedubbya wrote:
I just wanted to fit inCrying



You can't. You sit on the fencepost and then pretend to be contrarian.

At best, it passes for a "smarter than thou" (liberal) elitism ploy.
jackconrad Offline
#7 Posted: Tue, May 28 2013, 8:41 PM EST
Joined: 06-09-2003
Posts: 67,461
AS long as the Govt keeps going further in Debt to buy 85 Billion in Bonds and securities every month this will continue

Furthermore by adding uncountable uneeded ergulations has caused a landslide in the need for more Government Regulators!

Socialism WERKS !








For a while..

And then well


you can figure that one out..
wheelrite Offline
#8 Posted: Tue, May 28 2013, 8:42 PM EST
Joined: 11-01-2006
Posts: 50,119
Bubbles are fun !!!



then they pop...
teedubbya Offline
#9 Posted: Tue, May 28 2013, 9:22 PM EST
Joined: 08-14-2003
Posts: 95,637
I predict it will rain sometime this year.
teedubbya Offline
#10 Posted: Tue, May 28 2013, 9:29 PM EST
Joined: 08-14-2003
Posts: 95,637
HD is a big meany.
rfenst Offline
#11 Posted: Tue, May 28 2013, 9:55 PM EST
Joined: 06-23-2007
Posts: 39,459



[...] Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? [...]

Allan Greenspan, 1996
wheelrite Offline
#12 Posted: Tue, May 28 2013, 10:07 PM EST
Joined: 11-01-2006
Posts: 50,119
rfenst wrote:
[...] Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? [...]

Allan Greenspan, 1996






quoting Greenspan, really ?

You might as well

quote
Buster Douglas,,,
rfenst Offline
#13 Posted: Tue, May 28 2013, 10:19 PM EST
Joined: 06-23-2007
Posts: 39,459
wheelrite wrote:
Bubbles are fun !!!



then they pop...




Is it too late to jump on the train?
rfenst Offline
#14 Posted: Tue, May 28 2013, 10:28 PM EST
Joined: 06-23-2007
Posts: 39,459
wheelrite wrote:
quoting Greenspan, really ?

You might as well

quote
Buster Douglas,,,



Why don't you think that old analysis and the buzz words are on point?
ZRX1200 Offline
#15 Posted: Tue, May 28 2013, 10:33 PM EST
Joined: 07-08-2007
Posts: 60,682
Teedubya.....were you singing Clintons praises during the Tech Bubble or GW's Housing Bubble?

As Jack noted the US Gov't is funding this, since you know you're smarter than everyone here why is that?
cacman Offline
#16 Posted: Wed, May 29 2013, 1:59 AM EST
Joined: 07-03-2010
Posts: 12,216
wheelrite wrote:
Bubbles are fun !!!

then they pop...

Row, row, row your boat,
Gently down the stream.
Merrily, merrily, merrily, merrily,
Life is but a dream.

Then you grow up and realize it is becoming an over-inflated bubble created by guberment monthly investments in an effort to spur growth. When the over-exuberant guberment monthly purchases stop, what happens then???
dpnewell Offline
#17 Posted: Wed, May 29 2013, 5:39 AM EST
Joined: 03-16-2009
Posts: 7,491
cacman wrote:
Row, row, row your boat,
Gently down the stream.
Merrily, merrily, merrily, merrily,
Life is but a dream.

Then you grow up and realize it is becoming an over-inflated bubble created by guberment monthly investments in an effort to spur growth. When the over-exuberant guberment monthly purchases stop, what happens then???


The President and the dems blame Bush?
teedubbya Offline
#18 Posted: Wed, May 29 2013, 7:52 AM EST
Joined: 08-14-2003
Posts: 95,637
ZRX1200 wrote:
Teedubya.....were you singing Clintons praises during the Tech Bubble or GW's Housing Bubble?

As Jack noted the US Gov't is funding this, since you know you're smarter than everyone here why is that?


I'm not singing anyones praises now. I think carter, bush and the big O are pretty much the same turd different low flow bowl.

I'm in buying mode. This is bad.
rfenst Offline
#19 Posted: Wed, May 29 2013, 8:33 AM EST
Joined: 06-23-2007
Posts: 39,459
dpnewell wrote:
The President and the dems blame Bush?


Enough whining about Bush already!
DrafterX Offline
#20 Posted: Wed, May 29 2013, 8:34 AM EST
Joined: 10-18-2005
Posts: 98,595
Think buying stock with borrowed money ehh..?? Eh?

why does this sound familiar.... Think Think
rfenst Offline
#21 Posted: Wed, May 29 2013, 8:36 AM EST
Joined: 06-23-2007
Posts: 39,459
teedubbya wrote:
I'm in buying mode. This is bad.


Short or long term shorting?
teedubbya Offline
#22 Posted: Wed, May 29 2013, 8:57 AM EST
Joined: 08-14-2003
Posts: 95,637
rfenst wrote:
Short or long term shorting?



you don't have to get personal. I'm irish.
drywalldog Offline
#23 Posted: Wed, May 29 2013, 2:04 PM EST
Joined: 06-19-2007
Posts: 5,536
Still waiting for the crash, hyperinflation, stagnation and of coutse the Hindenburg Omen, all predicted by the experts here.
teedubbya Offline
#24 Posted: Wed, May 29 2013, 2:11 PM EST
Joined: 08-14-2003
Posts: 95,637
it will rain some day. I heard that in here.
DrafterX Offline
#25 Posted: Wed, May 29 2013, 2:21 PM EST
Joined: 10-18-2005
Posts: 98,595
drywalldog wrote:
Still waiting for the crash, hyperinflation, stagnation and of coutse the Hindenburg Omen, all predicted by the experts here.



when did they predict it to happen..?? Huh
drywalldog Offline
#26 Posted: Wed, May 29 2013, 2:27 PM EST
Joined: 06-19-2007
Posts: 5,536
TW, did you hear that on Fox News? Drafter, Hindenburg, wad Sept, a couple years ago, and let's hope the others happen in Obama's 8 years.
DrafterX Offline
#27 Posted: Wed, May 29 2013, 2:40 PM EST
Joined: 10-18-2005
Posts: 98,595
so, what happnes when the Fed stops dumping money in to support the market..?? Huh
HockeyDad Offline
#28 Posted: Wed, May 29 2013, 3:03 PM EST
Joined: 09-20-2000
Posts: 46,208
drywalldog wrote:
Still waiting for the crash, hyperinflation, stagnation and of coutse the Hindenburg Omen, all predicted by the experts here.



Some people predicted the best course was to get under the Obama Cone Of Protection.
DrafterX Offline
#29 Posted: Wed, May 29 2013, 3:09 PM EST
Joined: 10-18-2005
Posts: 98,595
no cone for X..... Sad
teedubbya Offline
#30 Posted: Wed, May 29 2013, 3:34 PM EST
Joined: 08-14-2003
Posts: 95,637
I like waffle cones
bloody spaniard Offline
#31 Posted: Wed, May 29 2013, 3:46 PM EST
Joined: 03-14-2003
Posts: 43,802
drywalldog wrote:
TW, did you hear that on Fox News? Drafter, Hindenburg, wad Sept, a couple years ago, and let's hope the others happen in Obama's 8 years.



I have to admit that things are pretty bad but they haven't fallen apart much worse than after Dubya.
Translation: No equivalent of the European job/food/housing/immigrant riots yet.
teedubbya Offline
#32 Posted: Wed, May 29 2013, 3:51 PM EST
Joined: 08-14-2003
Posts: 95,637
bloody spaniard wrote:
I have to admit that things are pretty bad but they haven't fallen apart much worse than after Dubya.
Translation: No equivalent of the European job/food/housing/immigrant riots yet.


give it time.
bloody spaniard Offline
#33 Posted: Wed, May 29 2013, 3:55 PM EST
Joined: 03-14-2003
Posts: 43,802
teedubbya wrote:
give it time.


You think? During HIllary's first or second term?Think
teedubbya Offline
#34 Posted: Wed, May 29 2013, 3:58 PM EST
Joined: 08-14-2003
Posts: 95,637
bloody spaniard wrote:
You think? During HIllary's first or second term?Think


nah she has benghazi and I'm sure that will stick. Hopefully someone like boener or mitch McConnel

don't care bout spellint their names right
drywalldog Offline
#35 Posted: Wed, May 29 2013, 4:00 PM EST
Joined: 06-19-2007
Posts: 5,536
Yes, we still have two and a half years left for this to transpire.
teedubbya Offline
#36 Posted: Wed, May 29 2013, 4:03 PM EST
Joined: 08-14-2003
Posts: 95,637
If McCain would have been elected at least we'd be in syria instead of waiting to see who would be shooting at us next. he is very proactive
DrafterX Offline
#37 Posted: Wed, May 29 2013, 4:06 PM EST
Joined: 10-18-2005
Posts: 98,595
teedubbya wrote:
If McCain would have been elected at least we'd be in syria instead of waiting to see who would be shooting at us next. he is very proactive



true.... there wouldn't be anymore illegal immigrants either.... Mellow
teedubbya Offline
#38 Posted: Wed, May 29 2013, 4:07 PM EST
Joined: 08-14-2003
Posts: 95,637
DrafterX wrote:
true.... there wouldn't be anymore illegal immigrants either.... Mellow


yea. he wants to make them all legal.
jackconrad Offline
#39 Posted: Wed, May 29 2013, 4:08 PM EST
Joined: 06-09-2003
Posts: 67,461
(\ /)
(.’.’.)
(")_(") Bunny says, Plus we could see Sarah in here White House Lingerie !
teedubbya Offline
#40 Posted: Wed, May 29 2013, 4:08 PM EST
Joined: 08-14-2003
Posts: 95,637
and stuff
teedubbya Offline
#41 Posted: Wed, May 29 2013, 4:09 PM EST
Joined: 08-14-2003
Posts: 95,637
jackconrad wrote:
(\ /)
(.’.’.)
(")_(") Bunny Plus we could see Sarah in here White House Lingerie !



I heard she doesn't wear panties because it helps her grip the broom better
bloody spaniard Offline
#42 Posted: Wed, May 29 2013, 4:09 PM EST
Joined: 03-14-2003
Posts: 43,802
Drama McLame is still planning his best theatrical photo ops. He's such a maverick dontcha know?

teedubbya wrote:
nah she has benghazi and I'm sure that will stick. Hopefully someone like boener or mitch McConnel
don't care bout spellint their names right



phffft- Hillary will Whitewater Benghazi.
Boehner & McConnell are are a couple of Repub sellout douches. Hillary will slip slide unencumbered into the Oval office with her kankles akimbo IMHO.
teedubbya Offline
#43 Posted: Wed, May 29 2013, 4:15 PM EST
Joined: 08-14-2003
Posts: 95,637
bloody spaniard wrote:
Drama McLame is still planning his best theatrical photo ops. He's such a maverick dontcha know?




phffft- Hillary will Whitewater Benghazi.
Boehner & McConnell are are a couple of Repub sellout douches. Hillary will slip slide unencumbered into the Oval office with her kankles akimbo IMHO.



What if Cristy eats her?
bloody spaniard Offline
#44 Posted: Wed, May 29 2013, 4:29 PM EST
Joined: 03-14-2003
Posts: 43,802
teedubbya wrote:
What if Cristy eats her?

I think that Christy has to finish munching on Obama first. Afterwards, a Hillary/Christy tagteam might be a sore sight for good eyes in the White House.
snowwolf777 Offline
#45 Posted: Thu, May 30 2013, 6:17 AM EST
Joined: 06-03-2000
Posts: 4,082
wheelrite wrote:
quoting Greenspan, really ?

You might as well

quote
Buster Douglas,,,



220, 221 ... whatever it takes.
teedubbya Offline
#46 Posted: Thu, May 30 2013, 8:57 AM EST
Joined: 08-14-2003
Posts: 95,637
Don't just stand there Busta Move
Brewha Offline
#47 Posted: Thu, May 30 2013, 10:29 AM EST
Joined: 01-25-2010
Posts: 12,202
teedubbya wrote:
I heard she doesn't wear panties because it helps her grip the broom better

That image will haunt my dreams . . . .
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