America is back! DOW hits record high, with more to come!!!

LOL......

Man I'm glad that recession thing is over with. I was starting to think I would never be able to barrow the money out of my 401 to buy the new boat and motor home. Might be a good time to get that 2nd mortgage and buy the beach front vacation home and get the tickets for the cruise to the Bahamas.

lsayre wrote:It's all good now. The good times have arrived (for the 1% at least). Hope you're enjoying it. The 1% certainly is. Ben Bernanke for President!!!! (cough, choke)

Wait, what? I'm still broke. Guess the recession ending doesn't apply to working stiffs like me. Only you rich people.

Pretty much

I was always told the difference between a recession & depression. A recession is when your working but your neighbors aren't, a depression is when both your neighbors & you are out of work. Not to worry the 1% everyone wants to protect, no one in their gated hood is out of work so everything is good.

Here's a fun little statistic about the record breaking day compared to the previous record day.

NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

http://www.zerohedge.com/news/2013-03-0 ... w-was-here

I'm glad Helicopter Ben is there to tell me that there's no inflation or this would like around 100% inflation to me.

The stock market is related to Fed liquidity, ever wonder how we pay all this stuff back -- I thought not. The dollar is good but economic activity is in the pits and will stay there. Lab dept U6 shows about a quarter of the country is unemployed. If you are wondering why you are broke well you are right, you are.

lsayre wrote:Hope the sequestration doesn't spoil the party and ruin it all for us now. And if it does (whether it is to blame or not), O and Helicopter Ben will have the excuse of a lifetime, and they will ride it for all its worth, and be sure to let us know that the Republicans are to blame for it. Bush particularly.

Hmmmm, odd that the last couple days of market boom came after sequestration happened. I guess that tells us something. And yes, no kidding, whatever is bad Bush probably IS to blame. But we're getting far enough along that his dismal influence in beginning to fade.

Lets take a look at the last record in 2007. Unemployment was ... what? 6 . something %? Growth was 3 . something %? And there were 25 or so million on food stamps.

Today there's close to 50 million on food stamps ( NOT a good sign ...), growth is in the ONE percent range, and unemployment (that is, what's on the books ...) is 13% ..... in reality probably closer to 20%.

Are any of your neighbors having the best year ever? Are any companies having record sales this year?

Exactly. The stock market numbers are a farce. A house of cards. Glad I have ZERO dollars in there, that's all I can say!

SMITTY wrote:Lets take a look at the last record in 2007. Unemployment was ... what? 6 . something %? Growth was 3 . something %? And there were 25 or so million on food stamps.

So George the pilot got the plane going REALLY FAST, which was easy because it was pointed straight down, then he jumped out with his parachute and when it crashed he yelled down, "OK, Barry, put it back together!" But you're right, it wasn't just George, he had the full Congressional crew on both sides of the aisle helping to navigate.

Great analogy and so correct. If you take on the job of chief pilot of that plane you would have to be stupid to climb into the cockpit in the first place. Of course, the only pilot that could be found would be one that would not know how to read the gauges. He would need to be a narcissist who, not knowing aviation, knew the great Barry could do it regardless. Then being totally clueless he adds a ton of extra weight and accelerates. We needed to vote for a pilot that would pull back on the stick but the passengers were/are so clueless that in 2012 they STILL thought the plane was fine. So here in 2013 we still have posters that think we have recovered - DUH.

Kind of hard to pull the stick back when you have so many still pushing it forward, things still have to be paid for, I know that thought never entered anybodies mind for those eight years & many still resist the thought. http://abcnews.go.com/blogs/politics/20 ... uild-iraq/ & that's just one of the bills, I wonder how much Russia spent on rebuilding while they were there & even after they left.