Posted on 09/28/2006 6:40:01 AM PDT by RobFromGa
Previous high 11,722.98 in January 2000
Commies hate the free market.
How will you know when that is?
And if the market will be much higher in 5 yrs, why wait?
how original
Yes, I just wrote it down. But I never claimed to be the only one who knew that. Any person of almost any intellectual level knows that freedom is opposed by commies and other authoritarian slugs.
Can you think of any others who hate the free market and want to shoot the people who engage in it?
Well, woobie-woobie-woobie-woobie, my widdle heawt bweeds for dem. GAAAAAHH!
I WAS one of those "lower and lower-middle class" people, and I didn't bust my chops these last 20 years to move up in the world just so I could come here and read some borderline leftist tripe about how people who are where I was are having trouble getting to where I am because [insert lame-ass excuses here]. As if everyone who HAS made it into the middle class or higher has somehow had an easier time of it.
LIFE'S HARD! DEAL WITH IT!
In point of fact, in 21st Century America, ANYONE who has the fire in the belly can move on in life. But, there's NO "magic formula", no guarantee, and no safety net; there's only sweat equity, and we all walk the high wire of success alone. No sweat; no equity. You fall; you hurt. If you're smart, you learn something, get up and get moving, again. If you're stupid, you go crying to the government for help.
Economic reality is like gravity; it never sleeps and you attempt to defy it at your own personal peril. The only difference is that we've got a collective psychosis that says we need to help "victims" of economics in ways we'd never DREAM of helping "victims" of gravity. I can just imagine the headlines if we ever began treating the realities of gravity in the same way we treat the realities of economics:
"Gravity Unequally Distributed: Keeps Lower Class Down. Women, Children Hardest Hit".
Don't get me wrong, I'm all in favor of human compassion, but I don't make the mistake of equating the collective government with "human". It's one big, cold, impersonal, bureaucratic, clumsy, slow, retarded, impaired, gargantuan cluster-f***. Asking it for help should be the very last resort of the hopeless, hapless and helpless -- AFTER they've exhausted ALL other resources available to them.
The ONLY people who WON'T make it in this economy are those who don't chose to make it. There's no success by default; you either get IN the game and sweat -- put your whole heart into it -- to put points on the board for yourself, or you DIE with a score of ZERO. But don't fashion excuses for people who won't "man up" and get out on the field and give their all. If they won't lift a finger to help themselves, nobody else should.
Actually, one needs to adjust the DJIA to take account of the US inflation during the interim. That factor is .855 accounting to the Ministry of Truth. Hence, the real number should be 11750/.855 or 13742.
Don't get too excited about today's breach of a non-adjusted number.
Looks toppy. <:o)
So is NYT stock still holding the Dow down??
Pray for W and Our Freedom Fighters
Here is my response:
What I wrote was to not ignore concerns of the lower and lower-middle class. First of all, this is always a relative group. Even the so-called "working poor" in America would be considered middle class in most developing countries, so this group of people always has and always will exist.
The conservative mantra that people who want more should get educated and get a job is one with which I agree, but I am also able to see reality for what it is and not necessarily what I wish it were - unlike some around here.
There will always be a very large group of people who either cannot be educated more than a certain point or are simply too lazy to do more for themselves. These conditions, however, in no way affect their jealousy of those who earn or have more than they do regardless of whether they worked hard to acquire it or not.
History, a knowledge of which seems to be sorely lacking here, has shown that when the gap between rich and poor becomes so great as the the poor no longer believe it is possible for them to have a better life or make one for their children, they are often quite suceptible to revolutionary thinking. This, of course, is the greatest anathema to true conservatives.
Current trends in the US show that social mobility is decreasing and is now even lower than that in Europe for the first time (according to The Economist feel free to post contradictory studies).
Since America is a democracy the likelihood of a revolution is fairly low. However, the chances that unhappy (potential) voters may be persuaded by leftist populists that the best path to a better life is wealth redistribution rather than wealth creation is a real possibility.
I did not make any suggestions in my previous very short post. I only said that to ignore the plight of this group of people is ignorant and naive.
I have seen no single post or argument that would contradict that simple statement that contrary to which would be: those who are having a hard time are irrelevant.
When Harry Dent gives me the signal, I go the other half in, right now I'm half out.
Who is Harry Dent? And how will he know?
He an author and has written books on trends in the stock market, his big thing is to watch demographic waves. And the boomers are a big one, I'd recommend reading his book The Roaring 2000's. He predicts a Dow in the 35,000-40,000 range by 2010-11 or thereabouts.
He also predicts a DOW of 14,000 - 15,000 by the end of 2006.
Only two of the Dow 30 component stocks have surpassed their old highs. This tells a lot about why the Dow 30 does not represent the market.
I remember diving over the state border from GA to TN to get gas for 0.79 a gallon about 9 years ago! It's really pretty pathetic that I would be giddy over $1.99. :o)
I may take another day to close at the previous high, unless we have greedy ones tomorrow. LOL!
Not now he doesn't, the oil price and commodity bubble have pushed that out some, but he does still see 14,000 by the end of 2007 the last I saw.
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