General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA Year to Forget? Give me a fucking break
Yahoo, AP, all of the mush brained mass media wholesalers have labeled 2013 as a year to forget.
http://www.usatoday.com/story/money/markets/2013/12/31/market-year-end-high/4263237/
The stock market posted in 2013 its best gains since the go-go '90s, defying the skeptics and proving that the bull market is alive and well as it nears its 5th birthday.
Stock investors will soon be in 401(k) heaven.
The broad U.S. stock market put an exclamation point on its record-breaking year on the final trading day of 2013, powering to yet another all-time high and posting its biggest percentage gain since 1997, or 16 years ago.
"Good to the last drop," is the way Dwayne Adams, a certified financial planner at Adams Wealth Management Group, summed up the best year for the Standard & Poor's 500 stock index since 1997. The closely tracked benchmark index rose 29.6%, a mega-move that will be reflected in much fatter retirement account balances when investors rip open their statements in coming weeks.
It took the Dow Jones Index 120 years to get to 6,700 and in the last 5 years it has exploded to 16,576.
That is what they want you to forget.
Cutting food stamps and ending unemployment.
That is what they want you to forget.
Cities of homeless in our cities.
All to be forgotten.
What they want you to remember is the nonsense, an unwatchable show with an unbearable scripted character about making devices to kill waterfowl and how that idiots feelings have been hurt because he couldn't conceal his hateful feelings for, gays, women, and well just about everybody who doesn't fit his demographic.
There is only one thing that matters in 2014.
Making Pelosi Speaker.
That is what they really want you to forget.
MannyGoldstein
(34,589 posts)Not only would that put one in a high-asset bracket, which is always nice, but you get your own trillion-dollar-a-year bailout from the Fed to keep the market propped up.
Lots of chocolate for me to eat
Lots of coal makin' lots of heat
Warm face, warm hands, warm feet
Oh, wouldn't it be loverly?
darkangel218
(13,985 posts)Fumesucker
(45,851 posts)And then the butler quit on me, man can you believe it
hfojvt
(37,573 posts)but the stock I bought in May is still down by about $1.75 per share.
Hmm. I sure know how to pick them.
Let's see. I made (by my calculations) $645.42 plus some dividend income, maybe $300 or so. Still own 350 shares being $1.35 below break even on those shares. So, on paper, I am out $472.5.
But the dividend pays over 4% and thanks to the Obama-Bush tax cuts, dividend income is tax free for me. So I can hang onto them until I get back that $1.35 a share (and more).
Now, if I had bought 100 shares of FB in May, I could have turned $3500 into $5500. 100 shares of Twitter in November would have made $2000 in about six weeks.
But it's always easier if you have a crystal ball. At some point I kinda expect both of those to go dot com. FB after all has a P/E ratio over 100, and Twitter is not earning any profit so far.
okaawhatever
(9,462 posts)proof that the economy is artificially held back by Republican obstructionism and failure to pass budgets. The Republicans are holding back a good recovery folks, let's stop them in 2014.
Cha
(297,323 posts)in 2002 and that was long overdue. Having just started watching in 1999.
grant
BlancheSplanchnik
(20,219 posts)Poisonous parasites reich wing owned flying monkeys.
Happy 12 minutes into 2014!!! (At the time I'm typing this)
Cha
(297,323 posts)I was talking to my sister in New York. She set her alarm to call me at Midnight, EST! Sweet~
sheshe2
(83,791 posts)Cracklin Charlie
(12,904 posts)House Speaker Pelosi has a great ring to it!
BlancheSplanchnik
(20,219 posts)Let's get her back!
spanone
(135,844 posts)freshwest
(53,661 posts)mackerel
(4,412 posts)years of my life! sad to see 2013 go but I feel confident the 2014 will be just as good.