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Massive Stock Market Rally Today!!!!!
04/18/06
| Misterrob
Posted on 04/18/2006 2:39:58 PM PDT by misterrob
Life is good!!!
Dow --11,268 + 194.99
S&P --1.307 + 22.32
NASDAQ --2,356 + 44.98!!!!!
TOPICS: Business/Economy; Your Opinion/Questions
KEYWORDS: djia; dow10000; greedisgood; money; stopthefed
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To: Pukin Dog
WOW.. my Durango has a 25 gal tank and cost about 52.00 for a fill up at 2.85
61
posted on
04/18/2006 3:08:44 PM PDT
by
markman46
(engage brain before using keyboard!!!)
To: jude24
It's a great economy if you're an investor. Doesn't do you much good, though, if you're unemployed or underemployed because your job got exported to China or India.
It benefits places like NYC and SF with large financial markets. Business is booming.
62
posted on
04/18/2006 3:09:26 PM PDT
by
durasell
(!)
To: jude24
"It's a great economy if you're an investor. Doesn't do you much good, though, if you're unemployed or underemployed because your job got exported to China or India."![](http://webpages.charter.net/aircover/USAflag.gif)
Our 4.7 unemployment rate is considered, historically, as full employment. Everyone who wants a job has one or is in transition to one.
There will always be, however, some small portion of society with outdated skills ("who moved my cheese") or a general lack of desire to work.
Likewise, there will always be people transitioning between jobs.
Combine those two groups and most economists generally figure it should be around 5% of the population. Less than 5% unemployment usually triggers wage inflation, in fact.
63
posted on
04/18/2006 3:09:34 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
The stock market would love it. U.S. employers would love it. U.S. workers would love it.But US consumers would hate it.
64
posted on
04/18/2006 3:09:56 PM PDT
by
Dog Gone
To: durasell
"The other possibility is that the Chinese let the yuan float some, but we raise interest rates. This would cover their spread since they're dumping a good portion of their dollars back into U.S. bonds. (They're now our third largest creditor)."![](http://webpages.charter.net/aircover/USAflag.gif)
To truly let the Yuan float the Chinese would have to buy fewer U.S. Treasuries (currently they buy about $150 million in our notes **per day** to keep our Dollar propped up).
65
posted on
04/18/2006 3:11:12 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: MplsSteve
$2.79 is also the going rate here in Brunswick, Maine.
66
posted on
04/18/2006 3:11:15 PM PDT
by
Severa
(I can't take this stress anymore...quick, get me a marker to sniff....)
To: Southack
Less than 5% unemployment usually triggers wage inflation, in fact.
Not if "real wages" are either flat or declining as we transition into a service economy. Is the programmer working at Wal-Mart employed? Yep. Will his employment likely trigger inflation? Nope.
67
posted on
04/18/2006 3:12:08 PM PDT
by
durasell
(!)
To: markman46
San Diego county has the highest gas prices in the nation AND the world record Largemouth Bass, baby! We pay gladly for the honor of living here.
68
posted on
04/18/2006 3:13:34 PM PDT
by
Pukin Dog
(Sans Reproache, so if mere words can anger you, it means you can be controlled with little effort.)
To: Dog Gone
"But US consumers would hate it."![](http://webpages.charter.net/aircover/USAflag.gif)
Only a little bit. China's quality in their products has really slipped over the past two years. Sure, consumers will moan about the price of anything...but if quality improves due to using other, non-Chinese, suppliers then consumers will actually turn out happier.
69
posted on
04/18/2006 3:13:40 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Pukin Dog
"Well, my Hummer fill up yesterday cost me $88, so be happy."
Hopefully you have hummer1 (I take it not diesel) not one of those lame hummer 2's or worse yet, one of those mamby-pamby hummer 3's.
If I were to have one, it would most certainly be a 1. You can sling a hammock in the back and sleep very comfortably whist enjoying one's hunting/fishing/skiing expedition.
70
posted on
04/18/2006 3:13:57 PM PDT
by
roaddog727
(eludium PU36 explosive space modulator)
To: Southack
I think something is up. Remember,Schumer Graham went to China last month all fired up and came back pretty docile.
71
posted on
04/18/2006 3:16:23 PM PDT
by
durasell
(!)
To: Southack
There will always be, however, some small portion of society with outdated skills ("who moved my cheese") or a general lack of desire to work. I didn't know computer programmers were "outdated skills." I didn't know manufacturing was "outdated skils."
The economy is okay - but let's not pretend that the stock market or unemployment percentage is the end-all. As Reagan always said, "We can do better."
72
posted on
04/18/2006 3:17:02 PM PDT
by
jude24
("The Church is a harlot, but she is my mother." - St. Augustine)
To: durasell
"Not if "real wages" are either flat or declining as we transition into a service economy. Is the programmer working at Wal-Mart employed? Yep. Will his employment likely trigger inflation? Nope."![](http://webpages.charter.net/aircover/USAflag.gif)
Well, one thing that you have to keep in mind is that some people will always be over-employed. For instance, if a laid-off programmer only truly has the skills to be a Wal-Mart greeter, then she really shouldn't have been a programmer in the first place, and was no doubt a drain on whatever group had employed her before.
That sort of thing happens. Some small percentage of society will always have jobs that they don't deserve (based on skill level) and pay that they will never be able to duplicate if they lose said position.
But that's a very small segment of society (but one that no doubt makes a lot noise/complaints when they find that they aren't needed any longer).
73
posted on
04/18/2006 3:17:44 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Pukin Dog
Nope, premium only.
Ouch... I feel your pain. Premium was $3.09 at my last fill up.
But I ain't getting rid of the X5. :)
74
posted on
04/18/2006 3:17:48 PM PDT
by
Daus
To: markman46
That's some mighty bad math... :-)
75
posted on
04/18/2006 3:17:53 PM PDT
by
in hoc signo vinces
("Houston, TX...a waiting quagmire for jihadis. American gals are worth fighting for!")
To: Southack
My point was that wages aren't rising -- as they historically did -- with the employment rate. So, no inflation. At least not yet. Higher energy prices may trigger inflation...
76
posted on
04/18/2006 3:20:10 PM PDT
by
durasell
(!)
To: Pukin Dog
77
posted on
04/18/2006 3:20:31 PM PDT
by
misterrob
(Teach a Liberal to think for himself and he'll vote Conservative for the rest of his life.)
To: Pukin Dog
AND the world record Largemouth Bass, babySi', El Capitan!!
78
posted on
04/18/2006 3:20:38 PM PDT
by
Osage Orange
(The old/liberal/socialist media is the most ruthless and destructive enemy of this country.)
To: roaddog727
Sorry, but its an H2, highly customized. Nothing lame about it. I use my other truck to tow my boat, the Hummer is just for show and go.
79
posted on
04/18/2006 3:20:47 PM PDT
by
Pukin Dog
(Sans Reproache, so if mere words can anger you, it means you can be controlled with little effort.)
To: durasell
"I think something is up. Remember,Schumer Graham went to China last month all fired up and came back pretty docile."![](http://webpages.charter.net/aircover/USAflag.gif)
The market thinks that something is up. The Senators' trip to China. China's Hu's visit to the U.S. now, etc.
80
posted on
04/18/2006 3:20:58 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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