Rush Limbaugh: Media Mantra on DOW 11,000: "Psychological"

RushLimbaugh.com ^ | 1/10/06 | Rush Limbaugh

[wagglebee]

The left knows that perception plays a huge role in the economy, so they want to talk it down. The fact that all of their efforts have failed is proof of how strong the economy actually is.

[pissant]

They been screaming it down for 4 years. It hasn't worked. They've been calling our military missions quagmires since 3 days after the Afgan war started. The stinking commies are being overrun by history yet again.

[Names Ash Housewares]

Funny, 2000 Iraq casualties was a milestone according to the MSM.

But the Dow at 10000 and several Iraqi elections are not.

bah.

[Names Ash Housewares]

^
10000 = 11000

[clintonh8r]

Reporters (or as they like to call themselves: "journalists") are mostly lazy and stupid. But some of them are quite attractive.

[Matchett-PI]

bttt

[Reactionary]

It's strange how the liberal media lemmings all say the same things.

It's almost like the entire thing is, well, scripted.

[wagglebee]

There is no doubt in my mind that it's scripted.

[gpapa]

psychological?

The bucks added to my portfolio over the last year are based on hard numbers, not psychological psycho-babble. The comments are typical of MSM dribble where good news is bad news. They call it a milestone, a barrier, and nothing magical, but never good news for investors and the American economic juggernaut.

[twntaipan]

Yep, it is scripted by the DNC.

[Doctor Stochastic]

Mostly it shows that the markets are back to where they were when Bush was first elected.

[wagglebee]

I am now 20% ahead of where I was in 2000 and that doesn't count the money I've added. The only psychological effect is that I'm pushing up my retirement by 5 years.

[TheForceOfOne]

The local Baltimore news channel 11 started the morning with "The new year looks like a good year for the market BUT! will 2007 bring in a looming recession?"

Yeah, the station is crawling with Liberals. lol

[Sunnyflorida]

Making money in the market is really easy, but you have to do something really hard. You have to buy when you think things cant get worse and you have to sell when things "feel" great.

[TPartyType]

It's certainly psychological for me! Ever since 9/11 I've been looking for the DOW to reach it's former level. What happy news! Yeeeehaw!

AND

It closed above 11,000 today as well! Not toooo shabby. Must be Dubyanomics. . .

[Sunnyflorida]

The foreign owners of Treasuries are in a liquidity squeeze. They cannot dump because if they tried it would immediately put pressure on their own holdings. The only way to take down those positions would be a very long term orderly sale but would only happen if there was a better invesment. What could that be?

The long term problem is the babyboomer pressure on SSI and Medicare. That is the big problem. Too bad the President did not get his plan. It was a great idea the got demagogued to death.

[eric_da_grate]

I think it's all 'psychological', don't you?

[Eric in the Ozarks]

Ditto. Kinder Morgan Energy Partners and Valero were veddy veddy good to me.

[rawcatslyentist]

>"Yep, it is scripted by the DNC."

The ENEMEDIA used to have the psychological gravitas to affront us with artificial hubris of this sort!

NOT ANYMORE!!!!!!!

We aint buying what Karl , Joe, Mao, & Che are sellin!!!!

He's Got A Plan
Zippo Hero

Kill A Commie For Mommie
Seven Dead Monkeys Page O Tunes

[eeriegeno]

I would like to believe that Rush is right, as he usually is, but as I see it this economy is in the same position as it was in early 2000. Cost of energy was at an all time high thanks to the Clinton administration, cost of capital was at an all time high thanks to the fed, market 'psychologists' were trying to bust the bubble that the 'new economy' and the internet created, and politics played a very important role in the market's future.

IMHO, deja vous in 2006......