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The Paradox Goes On: Inequality-Incensed Voters Send Dow To All Time High
Because nothing says 'dissatisfaction' with the widening inequality in America like buying stocks at record highs...
Not everyone is 'buying' though...
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I couldn't believe my ears. MSNBC was on in the break room and Chuck Todd sayd "the election was all about Obama". WTF?
You mustn't have seen any GOP political ads, placing Obama in every ad next to the Democrat opponent.
If you missed that, you shouldn't be allowed to operate heavy machinery, because your vision is terrible.
I don't watch TV so I didn't have to see one political ad. My vision is 20/20.
There truly are TWO STOCK markets, one depicting fantasy for the sheeps who looks at digits (STOCK prices of companies which will do whatever to manipulate share prices higher) to guide their future. And one depicting reality for those who understand wtf is going on and is replenishing their STOCK of goods. I think a lot of ZHers are in the latter camp and although things dont look so good for those in that camp, I think things are speeding up to the point that you dont have to wait too much longer.
I always said that GOLD will take a huge dump before it surges...it maybe happening now. Stock prices surging to all time highs and gold prices plunging allows the people with capital to buy more gold with more overvalued equities...before stocks tank and gold rebounds....lets see how long this reallocation plays out.
No no no...
This spike up today is only a last gasp head fake by the Obamaloids trying to show "all is still well" even after their crushing defeat.
It should top out today or next few days before the "oh shit" reality sinks into their mushy skulls and they all start killing each other as they freak out for the exits.
Should be fun to watch em stampede each other to death!
K Street (J Street) works for Wall Street.
2014 mid-terms = out with the same old and in with some new mold.
From Hope & Change to Mope & Rage (and back and forth like a psychologically well tuned pendulum).
Save us Republocrats! Help us Demuplicans!
Agreed Divided States. Don't forget the paper PM component. Dump faux gold, which indiscriminately crushes physical, plow into stocks to push record highs, then just before the music stops, liquidate equities and go long physical PM's. Just be sure you're on the list of those that get the memo from the guy who pulls the plug on the jukebox.
I watched a few for entertainment purposes only. The best were the Illinois governor ads. Both candidates were absolute filthy criminal scumbags but the sheep still lined up to endorse these degenerates. Based on the campaign coverage last night there are actually people stupid enough to take shit seriously
Awww...did I offend an Illinois voter? Go fuck yourself
Virtually every ILLinois politician is a criminal scumbag, and SHITcago is the cesspool they congregate.
I think he's surprised because he saw it on the largest administration dick suckers MSNBC.
How supremely childish.
Actually, I haven't watched more than two hours of MSNBC this year. I don't watch cable news channels or cable financial networks. I'd rather stick my cock in a running engine than do either of those things.
Sounds like something a child might try.
"Misegination is REAL America. The time to act is NOW!"
(this ad is paid for by Queen Victoria...
People didn't vote their economic situation yesterday. They rarely do any more.
The Republicans won because of the party's continued lurch to full-out fascism - guns, God, and gays are still the Holy Trinity of the GOP. Anybody with a knowledge of political history and political thought and theory can see this. I'm one of those folks.
It's true. It's damn true.
they can always rule from constantinople / s
It is kind of funny seeing as how we were told for weeks 'they gotta pump it for Obummer so he looks good'.....now that they've lost, it's off to the races anyway just like I said.....same as that 2010 shitshow.
This is nothing more that Wall St. celebrating all the new politicians that they bought yesterday.
The DC backslapping in my news feeds is at full capacity.
Does it really take skill to channel unlimited cash to helping an opposition party win a midterm election?
Republicans won because ALL democrats are liars and frauds and people forget that ALL republicans are all liars and frauds.
People have short memories.
Well for starters, imbecile, walk us through specifically, how keeping guns in the hands of citizens, is "fascist".
Anybody with a knowledge of political history and political thought and theory can see this.
I hate to break it to you chief, you are not 'one of those folks'.
"we're in the money..."
No paradox. The increasing awareness of the public's fucked situation is a clear message to the thieves running this shit show that they are winning....to the moon!
Voters did not send indexes to all time highs, HFT did.
So this is presented as if suddenly markets got pumped a bit higher because republicans did it? I don't see the logic in this.
The only thing that the markets have in common with the voters are robots and Deibold., nothing else.
Dupe.... stoopid interweb.
I didn't see the DOW listed on my ballot. Must have been voters in some other district.
"Inequality," as it the pop social meme defines it, is based largely on inflation of assets by the Fed. Imagine if just a small percentage of social security assets of those-that-presently-refuse-to-participate were in stocks? But if those assets were self-managable many would be so much better off. Maybe they could even own some gold. Actuarially, we know some will die early. They could even have something to leave to their heirs if it happened.
But we know, of course, that so many prefer to keep these people dependent 'on that check.'
Most people are far too stupid to manage their entire retirement money themselves. I'm sorry, but look at the sorry state of 401k investments vs traditional pensions. Social Security is meant as a backstop. That is why it cannot be lost in a bankruptcy, and why it is a right of every citizen who participated in the system. It is not meant to be an investment vehicle, and it shouldn't be made into one.
Ooopps, the NASDAQ just turned red.... Is that bad or does that mean yay red team?
These are not normal people buying this rigged market. They are money managers who live in a constant state of panic ..... afraid that if they don't keep up that they will be unemployed .... but here is the kicker ... their going to lose their jobs anyway as the herd turns on them in the next crash .... who else will the herd blame ...themselves?
If everyone just became Republicans, we all could be rich.
only if we take it back from the demoncrates from days of glory-that is when someone could earn a ilvable wage- oh well fuck it, hopeless joke of a one party fascist party taking whatever they can at this point in time, no worry of the law either.
get ready foar moar woar; the fucken cvocksucking looosers..
Well this is disappointing.
http://www.thenewamerican.com/usnews/politics/item/19439-rand-paul-to-obama-prioritize-passage-of-trans-pacific-partnership
Hey, fuck you guys. The 'pubs got back the Senate, I'm bullish on energy, especially gas. The bubble will keep inflating, until it doesn't anymore.
Doop. Stupid interwebz.
If you can't beat 'em, join 'em!
There is only one, only one reason that the tide turned against the democrats.
G A Y M A R R I A G E shoved down the throats of majority who may declare they are in favor of it, rights and all that shit, but secretly are disgusted and angry that gays can't find another way to create their own tradition for joining together as a couple with all the rights of married ones.
Gays have overreached, come out of the closet as if republicans and conservatives and christians have been standing guard in front of it when they could care less.
When the truth, yeah right, is written the loss will be laid at the feet of Tim Cook and other loudmouths who can't keep their sexual perversion to themselves.
Like one's net worth, the sexual lives of everyone, hetero, homo, hermaphro, bi, and every other combination belongs in that world of privacy that so many proclaim is their right.
"Get back, Loretta".
Buy the rumor of better things to come, sell the news when it doesn't materialize.
Nah at that point more QE.
QE has been a proven failure but when all you have is a hammer, all the problems look like nails.
Remind me again.
What was the sure-fire success?
Or this is just the uncertainty premium (about the election results) being removed from the market. Actually, one might have expected more of a relief rally.
-- The Dog That Didn't Bark
You betcha
As if.
Inequality-incensed voters get up at 5 am to wait in line to buy the stocks that comprise the Dow average.
Hello?
Most of them can't afford to shop at WalMart anymore. They can barely pay their mortgages and some families are facing foodless Tuesdays and Thursdays.
We are in a bottom-up depression and the folks at the top are too blind to see the economic Ebola that's climing up the ladder of well-being to get them.
I take your point but I would have liked a different headline. :o)