Dow's up 278 points today

[BamaGrad03 146]

Worst. Recession. Ever.

[TitanTiger 18,219]

I get what you're saying, but you do realize that the stock market being up doesn't necessarily help everyone to nearly the same degree. Most people who are invested in the market are doing so through 401k and other retirement plans. While that bodes well for them years from now, it doesn't really change life on the ground right now. People who have the extra income to invest and make money now that can be drawn upon certainly benefit, but that's not the life of most middle and lower class folks.

It's still a good thing, but the people who get the worst end of any economic downturn don't necessarily feel the good effects of the stock market the way those in the upper-middle to upper class do.

[RunInRed 14,122]

Worst. Recession. Ever.

And if it's down tomorrow? And then up again the next day? And then down the next? Did you really just make this post? You are smarter than that.

[BamaGrad03 146]

I get what you're saying, but you do realize that the stock market being up doesn't necessarily help everyone to nearly the same degree. Most people who are invested in the market are doing so through 401k and other retirement plans. While that bodes well for them years from now, it doesn't really change life on the ground right now. People who have the extra income to invest and make money now that can be drawn upon certainly benefit, but that's not the life of most middle and lower class folks.

It's still a good thing, but the people who get the worst end of any economic downturn don't necessarily feel the good effects of the stock market the way those in the upper-middle to upper class do.

I completely understand. But a healthy stock market is not indicative of a recession. And for all the doomsday scenarios we've been hearing for the last month, a dow near 13k is a good thing. And it does filter down to the middle class. Not from stock or dividend payment, but it gets there.

The bad news today was the listing of writedowns in the financial markets. But the poor economic news has really been quarantined to the financial sector (bear stearns, citi, lehman etc)...which was overvalued to begin with. But they had so much liquidity, that if any sector could take a hit, it would be that one. And of ALL the areas that are least likely to affect the middle class, it would be that one.

Manufacturing is still strong, retail services aren't getting shelled. The housing market needed a slowdown. It was getting out of control...but the big hit goes to the financial markets that remained bullish on the housing market. Hell even home builders stocks moved sideways last quarter.

[otterinbham 0]

I get what you're saying, but you do realize that the stock market being up doesn't necessarily help everyone to nearly the same degree. Most people who are invested in the market are doing so through 401k and other retirement plans. While that bodes well for them years from now, it doesn't really change life on the ground right now. People who have the extra income to invest and make money now that can be drawn upon certainly benefit, but that's not the life of most middle and lower class folks.

It's still a good thing, but the people who get the worst end of any economic downturn don't necessarily feel the good effects of the stock market the way those in the upper-middle to upper class do.

I completely understand. But a healthy stock market is not indicative of a recession. And for all the doomsday scenarios we've been hearing for the last month, a dow near 13k is a good thing. And it does filter down to the middle class. Not from stock or dividend payment, but it gets there.

The bad news today was the listing of writedowns in the financial markets. But the poor economic news has really been quarantined to the financial sector (bear stearns, citi, lehman etc)...which was overvalued to begin with. But they had so much liquidity, that if any sector could take a hit, it would be that one. And of ALL the areas that are least likely to affect the middle class, it would be that one.

Manufacturing is still strong, retail services aren't getting shelled. The housing market needed a slowdown. It was getting out of control...but the big hit goes to the financial markets that remained bullish on the housing market. Hell even home builders stocks moved sideways last quarter.

Yep. Lots of shrill nonsense in the press.

Yes, the financial sector took a hit. But, as I mentioned two months ago, the writedowns in the banks would really hit by the end of the first quarter. As it turns out the markets have not been killed. Heck, with all this, the Dow was up 5% for 1Q.

And the lower dollar versus the Euro has really boosted our export trade. I was talking to a client yesterday whose export business has shot up, more than compensating for the mild slowdown in the domestic markets. If you'll allow me to speak anecdotally, I am suddenly much busier than I was in December, January, and February--something that is almost the complete opposite of what usually happens. So I'm thinking that capital spending is now increasing, even though it hasn't hit the statistical indexes yet.

In short, while this thing isn't over, the Fed response has been a good one, and the economic downturn thus far has proven regional in nature.

I'm guessing that 2Q and 3Q will prove much stronger than 1Q.

[RunInRed 14,122]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollar bill, and on and on.

Rinse. Repeat.

[TitanTiger 18,219]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, and on and on.

Rinse. Repeat.

arnold? Is that you?

[BamaGrad03 146]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Rinse. Repeat...clever, you stole that from Titan.

Do you REALLY consider this post a proper argument or debate? I mean seriously, you mailed that one in.

[RunInRed 14,122]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, and on and on.

Rinse. Repeat.

arnold? Is that you?

Just summarizing the posts of 80% of those on this board

[CCTAU 2,379]

And the lower dollar versus the Euro has really boosted our export trade. I was talking to a client yesterday whose export business has shot up, more than compensating for the mild slowdown in the domestic markets. If you'll allow me to speak anecdotally, I am suddenly much busier than I was in December, January, and February--something that is almost the complete opposite of what usually happens. So I'm thinking that capital spending is now increasing, even though it hasn't hit the statistical indexes yet.

In short, while this thing isn't over, the Fed response has been a good one, and the economic downturn thus far has proven regional in nature.

I'm guessing that 2Q and 3Q will prove much stronger than 1Q.

Being in the IT business and having companies in the UK, this has really been good for us. We are now the offshore help. Instead of hiring someone from Europe to do the job, it's now cheaper to get us to do it. This allows us to use our expertise to do most of the work for the UK and still be a less expensive option for the UK processing center. So as we look at the recession, it's coming to be exactly what many of us have stated. The recession is pretty much directed at the housing/loan industry and auto manufacturing. Most everything else is running fairly smoothly. Although the media hype is causing many companies to freeze hiring and wages until the end of the year. Hopefully things will get back on an even keel.

[RunInRed 14,122]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Rinse. Repeat...clever, you stole that from Titan.

Do you REALLY consider this post a proper argument or debate? I mean seriously, you mailed that one in.

Did not realize Titan coined the "Rinse Repeat" phrase...learn something from you guys every day

[otterinbham 0]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

[RunInRed 14,122]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

Nothing like spit shining a turd. Ought to see if you could get a job with the Treasury Department as a spokesman...gosh knows you'd be better than Paulson.

[BamaGrad03 146]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Rinse. Repeat...clever, you stole that from Titan.

Do you REALLY consider this post a proper argument or debate? I mean seriously, you mailed that one in.

Did not realize Titan coined the "Rinse Repeat" phrase...learn something from you guys every day

He didn't coin it. But he used it yesterday. In a much more clever manner, I might add.

[CCTAU 2,379]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

Nothing like spit shining a turd. Ought to see if you could get a job with the Treasury Department as a spokesman...gosh knows you'd be better than Paulson.

Sounds like you chose poorly in your profession and you can't wait for robin achmed hood to steal from us and give to you so we will all be equal.

[RunInRed 14,122]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

Nothing like spit shining a turd. Ought to see if you could get a job with the Treasury Department as a spokesman...gosh knows you'd be better than Paulson.

Sounds like you chose poorly in your profession and you can't wait for robin achmed hood to steal from us and give to you so we will all be equal.

What? Deep breath...complete thoughts please.

[otterinbham 0]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

Nothing like spit shining a turd. Ought to see if you could get a job with the Treasury Department as a spokesman...gosh knows you'd be better than Paulson.

I'm sorry. But do you even read the financial press, aside from rantings of the "buy gold" lunatic fringe? Are you actually in business? Do you make financial decisions beyond that of choosing a checking account? Do you spend any time in the presence of those who do? Do you talk to bankers and CEOs on a daily basis? I do.

Or, more to the point, can you actually detach yourself from the talking points of the Obama campaign and the DNC to see if they have any basis in reality? Heck, I can actually fire some pretty fierce criticisms at the Bush administration but, at some point, you have to abandon the "Know Hope" baloney and actually learn how economics work.

[RunInRed 14,122]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

Nothing like spit shining a turd. Ought to see if you could get a job with the Treasury Department as a spokesman...gosh knows you'd be better than Paulson.

I'm sorry. But do you even read the financial press, aside from rantings of the "buy gold" lunatic fringe? Are you actually in business? Do you make financial decisions beyond that of choosing a checking account? Do you spend any time in the presence of those who do? Do you talk to bankers and CEOs on a daily basis? I do.

Or, more to the point, can you actually detach yourself from the talking points of the Obama campaign and the DNC to see if they have any basis in reality? Heck, I can actually fire some pretty fierce criticisms at the Bush administration but, at some point, you have to abandon the "Know Hope" baloney and actually learn how economics work.

I have to laugh...if you actually knew what I did for a vocation, you would too.

[otterinbham 0]

Our economy could not be better, the war in Iraq is the best thing to happen since the gas guzzling SUV was invented, global warming is an al gore created myth, Obama hates America; is a reverse racist; wants to turn us into a socilistic country; wants to murder babies; and destroy the world, put George Bush on the new $5 dollary bill, and on and on.

Rinse. Repeat.

Actually, the only thing washed out is your argument.

Compared to past recessions of the 1970s, the economy is faring quite well. The fact that we even consider economic conditions like this to be recessionary is absolute proof of how far we've come. Ten years ago, economists were actually arguing that unemployment below 6% was an absolute impossibility. Now, if unemployment goes above 6%, the financial press is hitting the panic button.

To be honest, I think the lower dollar is a good thing. Yeah, it hurts your ability to buy an Audi or travel to Italy on vacation, but it ultimately means a huge difference in our ability to export competitively or to attract investment capital.

Nothing like spit shining a turd. Ought to see if you could get a job with the Treasury Department as a spokesman...gosh knows you'd be better than Paulson.

I'm sorry. But do you even read the financial press, aside from rantings of the "buy gold" lunatic fringe? Are you actually in business? Do you make financial decisions beyond that of choosing a checking account? Do you spend any time in the presence of those who do? Do you talk to bankers and CEOs on a daily basis? I do.

Or, more to the point, can you actually detach yourself from the talking points of the Obama campaign and the DNC to see if they have any basis in reality? Heck, I can actually fire some pretty fierce criticisms at the Bush administration but, at some point, you have to abandon the "Know Hope" baloney and actually learn how economics work.

I have to laugh...if you actually knew what I did for a vocation, you would too.

Oh, share with us. I know the cost of gas is affecting you. The margins for delivering pizzas are driving down your margins, aren't they?

[BamaGrad03 146]

Oh, share with us. I know the cost of gas is affecting you. The margins for delivering pizzas are driving down your margins, aren't they?

Served...occupational burn.

[TitanTiger 18,219]

pwn3d.

[Tigermike 2,606]

Oh, share with us. I know the cost of gas is affecting you. The margins for delivering pizzas are driving down your margins, aren't they?

Served...occupational burn.

How sweet it is.

[RunInRed 14,122]

The children in this audience. Why does it not surprise me. I guess I was just hoping for more out of Auburn people.

[Tigermike 2,606]

The children in this audience. Why does it not surprise me. I guess I was just hoping for more out of Auburn people.

You are proof positive of that fallacy. Speaking of children most of your defense of Obama are usually borderline juvenile. No,,,,,,,,,, really they are always juvenile.

I have to laugh...if you actually knew what I did for a vocation, you would too.

Oh Great one, please enlighten us poor mortals. We have been laboring under the assumption that you were Obama's Baghdad Bob.

[TitanTiger 18,219]

The children in this audience. Why does it not surprise me. I guess I was just hoping for more out of Auburn people.

Oh, just admit it. He zinged you good.