[Uncle Bill]

THE MOB ON WALL STREET

Market's Late Rebound May Revive Manipulation Rumors

SOURCE

THE PLUNGE PROTECTION TEAM

Back to the Bubble: Why P/E Matters for the Dow - Ben Stein
"The market hasn't corrected at all for the sad truth that the New Economy's underlying assumptions turned out to be mistaken, and we're back in the same Old Economy with uniquely cruel business cycles, booms and busts. Just to give you an idea of how far out of historical whack the stock market is, consider this: Profits rise over the long term by about 4% a year, with immense deviations around the mean. If the earnings depression ends tomorrow and profits rise at 4% a year again, it will take roughly 14 years (not months, years) for the Dow's P/E to reach historical norms -- even if the Dow doesn't rise 1 point in those 14 years. Or, to look at it another way, the Dow would have to fall by about half for it to resume historical P/E behavior."

[MissAmericanPie]

I say, since we owe most of that money to ourself, that we forgive ourselves that debt and lower it. Tell the Japanese and Europe to dock our rebuilding them after WW2 from what it would cost today and deduct it from our debt to them.=o)

[philman_36]

There Must Be Some Way Out Of Here
said the joker to the thief

[CIB-173RDABN]

Bias takes many forms, using an unflattering photograph of someone is one such form. Of all the photos available of President Bush, they selected this one?

[Consort]

No problem.

[Thumper1960]

Looked, but couldn't find, the screen name "ChickenLittle" anywhere on FR.

"Paranoia will destroy ya."

Sell those stocks! It'll make it cheaper to purchase!!

[thepitts]

Elect a "real" small government candidate for President

The D's and the R's will not let that happen.

[billbears]

bump

[Lucky]

As we see this head on car crash coming right for us, is there anything at all us thimble full of right wingers can do. I suppose any articles you could point us to would not be allowed on this board, right?

[Jeremiah Jr]

A drought is against her waters, and they will be dried up.
For it is the land of carved images,
And they are insane with their idols.
Jeremiah 50: 38

[mlocher]

thanks for the post. i am looking at the djia chart. in 1996 it was about 5000. today it over 8600, or a gain of 3600 in 6 years, which equates to about 10% per year gain. not bad at all.

there is a point in the article worth looking at: the wealth recently lost in the stock market is going to decrease government revenues because there are no capital gains to be taxed. this will definitely hurt bush.

but is bush to blame? i think not. when all is said and done, the clinton administration will be faulted for knowingly let certain corrupt business practices go on in the 1990s. rubin knew of this, i am sure. clinton knew too. he also knew that if he prosecuted like the bush administration is doing, then the stock market would have gone down on his watch -- not good for the democrats trying to retain power. also not good for trying to raise money to implement your socialist programs. carville almost had it right; he should have said, "it's the stock market, stupid."

[Crazymonarch]

MEET THE MONSTER IN THE BASEMENT

[bankwalker]

Americans are losing confidence in the economy.

A lazy (or manipulative) writers signature. They state this like it is some kind of fact or something. Each of us is an individual with their own mind. The only way this statement can be true is if ALL Americans are losing confidence in the economy, which is absurd. It is an attempt to manipulate us with groupthink. Be aware of this and you will notice how frequently it occurs.

[WRhine]

In his Alabama speech, Mr Bush promised an “agenda for long-term growth”. This encompassed: fiscal policy (he wants to make his tax cut permanent, whilst forcing Congress to hold the line on spending); trade policy (he urged Congress to grant him “fast-track” authority to negotiate trade agreements)

Oh Great. Just what we need in a recession, more Job Exporting One-Way trade deals. The only "Free" Aspect of these trade deals is the wealth we transfer to our "Export" Partners. This Guy is LOST.