Economy on the rise.....

[Dadsguns]

DOW closed over eleven thousand today......   

[Reschke]

Too bad the fuel costs are going higher and at a higher pace than the "economic recovery" that we have now as well. Until something is done to fund alternative fuel and to make sure that we can recover fuel found in the continental US then we will be restricted for a while.

[Stoney]

DOW closed over eleven thousand today......   

The relative direction the stock market takes in no way indicates the general health of the economy.  If all of these companies are making higher profits as a result of laying a large percentage of their workforce off, is that good or bad for the economy?

[Saxman]

See Rule #14

[Bodhi]

It is nothing more than addicted investors.  A correction will be along shortly to remind people why you set a sell limit to force a sale on stocks when they start the plunge.

[Raptor]

In the past, jobs tend to increase several months after the stocks rise. So it is an indicator, but not one that can be seen immediately.

[Sonicblu]

It could be a sign but the number one indicator is rising fuel prices. It will put the brakes on the economy. I own a service business and fuel for me is over $3.09 per gallon. I have to start a fuel charge. My service rates have been at $95 per hr for three years. Once we hit the psycological limit of $100 per hr the brakes come on until the rotors melt.

The houseing bubble never would have been as bad as it was and most people would still be in there homes if fuel prices would have remaind lower in 2007 008. Fuel took away all discretionary spending. because it raised all prices and people could not make there house payments.

We are headed for another mess IMO

[oakranger]

In the past, jobs tend to increase several months after the stocks rise. So it is an indicator, but not one that can be seen immediately.

That may be true, but a lot of companies are scar to hire after what it has been like in the past two years.  Some business are seeing good qurtoe report but hesitate to hire in fear what may lay a head in the next year. IMO, we will see another economic down fall in the next year or two.  If oil price keeps going up and see the $100.00 or more barrel crap, it could hurt this already weak economy. 

[Flipperk]

DOW closed over eleven thousand today......   

Give you one guess where it will close tomorrow....


*Hint* Not above 11K

[oakranger]

Give you one guess where it will close tomorrow....


*Hint* Not above 11K

why is that?

[Flipperk]

why is that?

It's a well known characteristic, everytime a landmark gain is made in the NYSE a sell off always follows. This gain made the news so there will definantly be more sellers tomorrow than buyers.

[oakranger]

It's a well known characteristic, everytime a landmark gain is made in the NYSE a sell off always follows. This gain made the news so there will definantly be more sellers tomorrow than buyers.

OK.  yea i can see that.  Do you think we will see another economic down fall soon like we did over a year ago?

[Flipperk]

OK.  yea i can see that.  Do you think we will see another economic down fall soon like we did over a year ago?

Nah, probably a couple hundred of points at the most, nothing major. I do see this 11K as a 10K marker, I have a feeling the market will be flirting with 11K for awhile.

[Tordon22]

I think the RSI for the S&P is around 75 or 80....pull back immenent

[oakranger]

Nah, probably a couple hundred of points at the most, nothing major. I do see this 11K as a 10K marker, I have a feeling the market will be flirting with 11K for awhile.

Personally, i think many people have not learn from the economic downfall and will go right back to their bad habits for trying to make money.   That there is nothing wrong of making money but a lot of companies will lie, cheat and steal to get it.