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You can almost hear Jimbo & MCC....
"Boo-ya bubba.... its still the same dollar in your pocket!!
....yee har 12K here we come!"
right, as long as people feel wealthier, what's the problem? chalk one up for bernanke, geithner, llc.
I don't feel wealthier, :(
In fact I feel as stretched out as a finger cot on john homes!
Get your very own "Thank You, Banana Ben" T-Shirt.
LOL. They ruined my country and all I got was this T-shirt.
Until the repo man takes it.
ROFL. I want that T-shirt. Where can I get one?
Today on cnbc:
Bob Pisani: I'm here with Joe Ratterman, President of BATS, the third largest exchange. Joe, the Dow broke 10,000 have you seen any increase in volume?
Joe Ratterman: (silence)
You caught that too? Says everything we need to know.
i hope there's as much fanfare when i wear my CL 100 hat.
True but his doesn't bode well for the Deflationist argument unless you consider the deflationary portion starting early March.
Gotta trade your ass off just to keep up!
does that mean the cnbc closing bell, circle jerk has been cancelled?
a rhetorical question since once can guarantee there is no "djREALLY 7537" hat. in the absence of a hat, the real number will not be reported on cnbc.
seriously, stunning when faced with that stark truth.
Amazingly Erin Bernett was mumbling about 25% down in real terms before Jimbo
What a great shame Jimbo's been bumped........
Even more amazingly, Erin Burnett is the only female CNBC host who hasn't let her body go to complete shit! To continue this rally, I'm going long on whoever does the catering to the CNBC offices!
TD- Time to tighten up the CAPTCHA (31 plus __ equals 37 ?!)
MCCs is ugly in so many ways. Erin is OK.
...I don't know I still prefer Becky Quick. Also cause she reports the news and usually doesn't throw her opinion in the mix.
Well, as long as I never travel again, or buy anything imported, or made with imported parts, then I'll be just fine! Is much of our stuff made in China?
stick with hookers and Coors and you'll be just fine
And look for the girl who considers a lavish date to be "a six pack of beer and some loud music".
teh bull rally is fee-nominal!
Dow will get down to 2-3oz of gold eventually.
One way or the other.
My people are saying, get out of the water before Oct 19.2009.
...over the past 10 years (the last time the DJIA was at 10,000)
Should read "the first time the DJIA was at 10,000".
That level has been criss crossed a couple of dozen times in the last decade.
Can I say capital flight?
Oh, deflation will come, unfortunately the banks will be nice and liquid after having sold back all our shit to us at inflated prices and then down they'll go and we'll sell them all this nicely pumped stocks at bargain basement prices... then 7 months later, the market will skyrocket and the cycle continues.
Keep buying equities and sending our money to the corporations people! Don't buy Treasuries, buy high yield! Don't buy our country, make our dollar weaker!
We will never unite because we are too stupid and this country deserves to fail since no one wants it to win.
That's right, don't buy Treasuries, buy Wells Fargo FDIC insured paper!
Quite the change in tone in the last 24 hours.
Oh no, I absolutely believe everyone should be buying Treasuries out their ass and completely fuck the banks due to capital ratio requirements, but nobody believes it so hey, what does it matter. I'll still make fun of people for sending money to China and then bitching about a weak dollar.
That's like taking a shit and complaining that it stinks.
I want my ten years back.
I want to understand how it ever got to be that we give the corporations our money and they give it to the government to tell them how to rule us.
Why the fuck do people still invest with these shitty companies?
Because we all love a winner.
Seriously. Taking over the worlds most powerful democracy and turning into your personal demesne is one leet bit of work. It's all profit from there.
That's trading :P
Where would the Dow be if stocks weren't moved in and out?
The DOW would be the price of GE because that is the only company still in there since the start :p
If you mean 10 years then its probably negative in a similar way
What would the DJIA be with GM still in it?
I BOUGHT DOLLARS RIGHT NOW, PUT ALL MY MONEY IN U$D
sounds like the least crowded trade out there
What if GM were a dow component?
Not just GM.
Now-worthless-piece-of-shit stocks like Eastman Kodak, Citigroup and Woolworth have also been dropped from the index to inflate its value.
So, it's more under valued that before I read this.?!!!!!!!
That's what I was thinking. There is some truth to that I think.
It's more like the entire US was hit by a giant shrink ray, our neighbors, houses, businesses, and currency all look relatively normal to us inside our shrunken bubble. But if we were to ride a time machine back to 2000, everything would look giant, everyone would appear to be 10 feet tall.
The point is basically to take the 10K Dow party with a grain of salt. Our tape measure has been shrunk, and by gold standards, it looks like a doll toy in our hands. It's not saying the Dow is under valued, It's like saying 3' tall is the new 6'11".
My god. It's full of stars.
People should be mad as hell, instead they've got "DOW 10,000" ball caps over in the CNBS cheering section for cryin out loud.
You'd be celebrating, too, if you had beaten the stock market equivalent of the 1986 Chicago Bears. I know this rally has hurt anyone who has stepped in front of it, but these dirty ass sell-side pumpers from Wall Street and CNBS have pulled off the improbable. More important question: Who was the first person of the CNBS set to mention that the hats need to go back into storage for "next time 'round".
this is f***ing great! laughing all the way to the bottom of the ravine! HAAHAHAHAHA
people are MAD as hell, but THEY are NOT watching CNBC. Hey, keep wtching but don't buy the sponsors products.
What this means is that the DOW is really, really cheap.
any clues on when this ends. Market up 65% in 7 months without any pullback along the way.
I'm kinda sick of this
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