Dow hits record high

[Nye Bevan]

Source: CNN

Investors pushed the Dow to a new trading high early Thursday as they wait for the latest missive from Federal Reserve chairman Ben Bernanke.

The Dow Jones industrial average gained 82 points, or 0.5%, hitting a record high of 15,552.70.

S&P 500 rose 0.3%, while the Nasdaq was little changed.

Bernanke appeared before the House Financial Services Committee on Wednesday, reiterating that the Fed will keep its stimulus policies in place for as long as necessary. He appears before the Senate Banking Committee Thursday.

Read more: http://money.cnn.com/2013/07/18/investing/stocks-markets/index.html?iid=mkt_SF_news

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- Well so much for Obama being a Socialist Marxist!

- This is great for the 1% but not for the rest of us.

- It's a bubble. Just wait, it's going to totally crash very soon. As I have been predicting for the last several years.

- But it's good for my 401k.

- I don't care about your 401k. It's better for the 1%, and I hate them.


Rinse and repeat..........

[hatrack]

1. Lah-dee-dah - a bubbling foam of 1s and 0s, whizzing computer programs and bullshit . . .

I'm sure Jim Cramer has a hard-on, though, which must be super-special for him.

[L0oniX]

2. The jobless and homeless are dancing in the streets now. Oh and 401k's ...

are total ripoffs. All your mutual fund profit goes to the managers with fees for everything.

[Art_from_Ark]

19. Hurry, hurry, hurry, step right up and see the Great Stock Market Show

where everybody can be a winner! The market's at an all-time high, folks! Bring your hard-earned dollars and don't be the last on your block to miss out on this great show!

[Purveyor]

3. Crude Oil up too. $107.64 Whooppeeee!!!

[wordpix]

15. THAT will fuel inflation

since most things are brought to us on tractor trailers these days

[Safetykitten]

4. Let's go shopping!

[Enrique]

5. who knew that Moaist anticolonialism is so great for stock prices?

[Blandocyte]

6. That "hopey changey thing" is working out pretty well

doncha think so, Sarah?

[JoePhilly]

7. If the DOW goes down that's bad. If the DOW goes up ...

that's bad too.

[ronnie624]

8. Of course.

An 'economic system' that is based on greed and avarice is always bad, and will eventually collapse entirely. Modern human society needs a system that is truly designed to distribute resources in an equitable manner that reflects the reality of universal physical laws that govern the conversion, utilization and dissipation of matter and energy. The current system uses smoke, mirrors and deceit, to increasingly funnel the worlds capital resources into the hands of elites.

[fasttense]

9. Has anyone here been listening to Dr. Richard D. Wolff?

That is exactly what he has been advocating. Self Directed Worker Enterprises. Sounds like something we should at least consider in place of Capitalism.

[ronnie624]

11. Here is an excellent essay.

It's rather lengthy, but worth every minute.

http://markbc.net/doomer-economic-commentary/thermodynamics-for-economists/

[Nye Bevan]

10. Yep. Any day now. Manor Farm needs to become Animal Farm.

And I'm sure the pigs won't steal the extra apples for themselves. Or send Boxer to the glue factory.

[ronnie624]

13. I understand.

The radical changes that human society needs are kind of scary to contemplate.

[LanternWaste]

16. your example is already an accepted standard in the U.S...

"And I'm sure the pigs won't steal the extra apples for themselves...."

Then no change necessary, as your example is already an accepted standard in the U.S...

[JoePhilly]

14. What is the name of this alternative system?

[tofuandbeer]

12. I'm so happy for Wall Street, that I can hardly eat---wait, that's because I don't have a job.

[PD Turk]

17. Good news for the working class

That "trickle down" is really gonna make our lives a lot better..... any minute now.... I have my bucket out in anticipation ..... waiting with bated breath.......

[Enrique]

18. optimism at the prospect of Liz Cheney in the Senate

yes, I'm hoping to work for Fox News.