DOW 10,000 ...the recovery is offical

[bearfartinthewoods]

can this day get any better? NOT

[Shrek]

1. It might not last long

There's a FOMC meeting this afternoon, and yesterday's vapor rally was on light volume. I wouldn't be surprised to see prices pull back due to caution and profit-taking.

[northzax]

2. so you're saying that

after four years, we're back where we started? great.

[DemocratSinceBirth]

3. I Believe The Dow Peaked At 11, 700

the NASDAQ at 5,400

and the S& P at 1650....

[bearfartinthewoods]

4. we cannot deny that this is a symbol....

[cthrumatrix]

7. a symbol...that company profits from moving jobs overseas

and that the govt went deeper into debt to foster the market rise..for without that ..pension funds would be sunk

[Maeve]

5. Wait until it closes above 10K

It's dropping back as I type.

[bearfartinthewoods]

9. that's because i just sold.....<grin>

not that our meager holding count but i'm outta this.

we are very very...errr..ahhh..conservative in our investements.

[Starpass]

6. & Mr. DOW is the candidate that we have to beat

...while everyone is busy with "my candidate is better than yours" crap, this is what is and will beat us. The American people know Mr. Dow but they have no idea who those nine no-namers are who they don't listen to and don't care about. If Mr. Dow dives, then they will listen. I think maybe we should start putting a message together instead of just Bush bashing--because here is a prime example of having the ground drop out from under us. Everything we bitch about with Bush can either be resolved by election '04 or masked by excellent propaganda by the repukes. We better stop coming from just the "attack Bush" mode and actually say something.

[Atman]

8. LOL! The three-second "recovery"

Dropped again even before CNN could find Blowhard Jack Cafferty to come out and fawn over Bush for his great economic leadership!

[T Roosevelt]

10. Unfortunately too many people

view the Dow as an indicator of the economy, which it clearly is not. It only reflects that companies are managing to work the numbers in their favor - but it says nothing of the strength of those numbers or the health of the economy that supports them. This country (and the rest of the world) are going to be screwed in the next few years from a recession that Dow 10k or 11k or 50k is not going to prevent.

[kaitykaity]

11. When the 3 MILLION jobs come back, THEN the

recovery will be official.

Don't believe the ReThugs or the media whores.

[Cooley Hurd]

17. Jobs! Not Wal-Mart jobs, but REAL jobs!

No offense to those who work at Wal-Mart, but higher-paying manufacturing jobs being replaced by "greeter" positions does not constitute a recovery.

[Zero Gravitas]

12. really

the Dow hits 10,000 and 3 million jobs suddenly re-appear. A high Dow might be good news for a few, but to most people the Economy=jobs, and good paying ones with benefits not part time Wal-Mart.

[prolesunited]

13. I think all of the people who still don't have jobs

or who have taken dramatic salary cuts in the last few years certainly wouldn't agree.

The ONLY people who have seen an economic recovery are those who already had a ton of money to begin with — you know the ones the GOP has helped through tax cuts, capital dividends, inheritance tax, etc.

Do you think the families who are seeing their unemployment run out Dec. 21 are whooping it up on the stock market news?

[alcuno]

14. Why are people so stupid? The market is not the economy.

Profits are being generated through reductions in the workforce and an increase in productivity. The workers are angry.

[Maeve]

16. Productivity

[prolesunited]

19. Excellent cartoon!

Pretty much sums it all up. Thanks for posting it. :D

[CWebster]

15. Doesn't seem to bear much relationship

to our economic reality though.

[cspiguy]

18. It's a looong way to november (see Bush 92)

n/t

[mistertrickster]

20. now it's only down 20 percent from its high, heh

EOM

[RWPTRBL]

21. GREAT!!!

Recovery is official..I better get by the phone to wait for the job offers to start rolling in!!!

[Patriot_Spear]

22. With a net loss of 2 million jobs...?

I don't think so.

[kentuck]

23. Yep. The rich have taken their dividend tax cuts.......

and decided to put it in the stock market, rather than investing in jobs.

[lewiston]

24. Don't any of you guys have 401k's

I'm celebrating.

[kentuck]

26. Yeah. I'm taking money out of mine to live on....

because I don't have a job....

[MadHound]

28. Better cash in your 401k before the election

This is a propped up market, held in place by the corporate Bush backers(ever hear of the Plunge Protection Team). This market recovery comes in the midst of an economy that is still hemorraging jobs and red ink. But like Pavlov's dog, everybody is well trained only to focus on the Dow. Well, the Dow is going to muddle along through '04, maybe peaking around 11,000. But I can guarantee you that once Bushco is reselected(yes, I'm making book on that too), the down is going to tumble, along with what's left of the economy. Hell, I'm even in good company on this prediction, Barrons is also calling this a suckers' market. Don't be one, get out while the getting is good.
'

[Old and In the Way]

25. So what's this really mean?

That the the 1% who account for about $300BB of the federal treasury give away have invested their money in the market?

Whoopty-doo.

[Bush loves Jiang]

27. The pukes must be rigging the market again.

*shudders*

[Screaming Lord Byron]

29. This is a false recovery driven by market capitalisation

the lack of jobs underpins this. It ain't Chicken Little time yet. If you were banking on winning based on economic figures, that's not the way to win an election.