Author Topic: Will the Dow Jones hit 10K this year or next? (Read 1079 times)

Eagler · « **Reply #30 on:** June 17, 2003, 02:39:00 PM »

no

just buy american, pay 2-3x for it and hope it's as good or better (since your paying more it should be) than an import which is on the rack for a 1/2 or 1/3 the cost

Sixpence · « **Reply #31 on:** June 17, 2003, 02:44:19 PM »

nah, workin for minimum wage sounds much better

miko2d · « **Reply #32 on:** June 17, 2003, 02:57:18 PM »

Scootter: No? in what way is it not a direct indication of the health (or lack of) the economy?
...
When it is on the way down everyone claims "there goes the economy" why can it not be the other way on the way up?

But why do you think that those people are right?

As it is the trust of a company’s ability to turn a profit or not that drives the stock market, I think it is the greatest indication of the coming economy there is.

Unless that trust and the resulting misallocation of resources is caused not by natural free market economic processes but by government's expansionist monetary policy and other distortions of price signals.

miko

LePaul · « **Reply #33 on:** June 17, 2003, 03:24:55 PM »

Quote

Originally posted by Sixpence
nah, workin for minimum wage sounds much better

Here's a man with no answers and just sarcasm.

Let's bow in your ignorance.

I imagine you are the first to protest a Wal Mart opening, but actively seek the cheapest price?

MrBill · « **Reply #34 on:** June 17, 2003, 03:31:58 PM »

Quote

Originally posted by LePaul
I imagine you are the first to protest a Wal Mart opening, but actively seek the cheapest price?

Or as we say around here[sarcasm] "Welcome to Taos"[/sarcasm]

MrCoffee · « **Reply #35 on:** June 17, 2003, 03:34:39 PM »

Hey, I was aboard for a while but they made me wait too long so I jumped off the bandwagon.

Sixpence · « **Reply #36 on:** June 17, 2003, 03:37:22 PM »

It is funny how the people who complain about unions are the first to complain walmart is putting them out of business.

And seeming we, as a nation, are a union, I guess that is bad for the economy too.

Let me add to that. There was a certain airline union who took big pay cuts only to see the execs get huge bonuses. Why is it when execs ruin companies(enron,tyco, to name a few), the unions are to blame? Why not the execs raiding the company? I know, it was the the union who forced the execs to give themselves millions in bonuses:rolleyes:

LePaul · « **Reply #37 on:** June 17, 2003, 03:54:44 PM »

Quote

Originally posted by Sixpence
It is funny how the people who complain about unions are the first to complain walmart is putting them out of business.

And seeming we, as a nation, are a union, I guess that is bad for the economy too.

Let me add to that. There was a certain airline union who took big pay cuts only to see the execs get huge bonuses. Why is it when execs ruin companies(enron,tyco, to name a few), the unions are to blame? Why not the execs raiding the company? I know, it was the the union who forced the execs to give themselves millions in bonuses:rolleyes:

Your right...there are several cases where the management is everybit to blame as the Union....more in many cases

You refer to American Airlines...my best friend works for them

He also moans how it sucks he is only making $85 an hour.

Good grief.

But in the situations I am savvy with, the Unions helped kill the business. Period.

Scootter · « **Reply #38 on:** June 17, 2003, 03:57:50 PM »

Quote

Originally posted by Dead Man Flying
The stock market, and particularly the Dow Jones, offer only a small glimpse of the aggregate national economy. For one, Dow Jones (and other stock markets) selectively choose member corporations and routinely delist underperforming organizations. For instance, IEN was delisted when its stock value fell precipitously. Stock markets do not typically delist overachieving stocks.

Second, the corporations included in major stock markets do not encompass the whole width and breadth of the aggregate economy. How can we measure the performance of small businesses through the Dow Jones? How about home sales? The massive service sector? The bond market?

The stock market is just that... one market comprised of stocks that represents one of many markets constituting the overall economy.

-- Todd/Leviathn

Thank You,

Interesting reading and you have made many valid points.

I stand corrected and enlightened Todd, thanks for your time.

(learn stuff here every day)

PS, I like the way you explained it, not preachy or full of yourself just very factual.

Sixpence · « **Reply #39 on:** June 17, 2003, 03:59:14 PM »

which one would you be savvy with?

Scootter · « **Reply #40 on:** June 17, 2003, 04:16:41 PM »

I think to "Joe Sixpack" the market is the economy and when it is going up and his 401k looks better he feels better about buying that case of Bud for the weekend. When its the other way he buys a 12 pack of Bush instead.

Simple, when people (who have a job) are told times are bad they spend much less and times get bad, when they think things are looking up they spend more and things get better. Is this to simple of is there a wee bit of truth here?

I still think that when the average man on the street (not we folks with this strange afliction called the O-club) sees the market going up day after day he thinks things are gettng better.

Now this is not going to make the Dems happy as they want times to be bad for the next election,so this should be interesting for the next 12 months or so, me thinks.

LePaul · « **Reply #41 on:** June 17, 2003, 07:00:30 PM »

Quote

Originally posted by Sixpence
which one would you be savvy with?

The Teamsters here when I worked for UPS (left in March)...and friends in the local mills that are struggling in Bankruptcy after turning down 2 offers to keep them gainfully employed.

Apparently an unemployed union member is better than an emplyed one....or that seems to be their thinking here. Pfft

Sixpence · « **Reply #42 on:** June 17, 2003, 07:20:42 PM »

Did the mills open their books?

BTW, When the UPS workers went on strike here, they were in the right IMO. UPS wants more part time jobs, the workers wanted more full time jobs. Don't quite understand the use of a 20 hour job, unless, of course, you own the company.

I guess those UPS workers just want to drive the company into the ground:rolleyes:

LePaul · « **Reply #43 on:** June 17, 2003, 09:25:11 PM »

Quote

Originally posted by Sixpence
Did the mills open their books?

I guess those UPS workers just want to drive the company into the ground:rolleyes:

Mills...yes, its in Chapter 11 so its all there. In order to get out of bankrupty, things have to change on the costline....Unions wont budge.

As for UPS...the old addage is any company that has a Union usually deserves it. But in my Union, we had NO representation from our dear Union brothers in the home office. Return calls? Pfft...visit the workplace and get feedback from members? Nope. But, they were announcing via the stewards that they were shopping for brand new Oldsmobiles for the Teamster reps. No joke. My point is that many of us employees had just as much hassles with our own union (those nice guys who raise our dues without a vote) than deal with the kook'd management. Its like being between two trenches in WW1.

I opted to get out after almost 2 years. I have no use for the Teamsters Union...they are a huge failure at "speaking for the members". We just finance their voice.

Sixpence · « **Reply #44 on:** June 17, 2003, 10:02:56 PM »

A union is only as good as it's members.

And what makes you think chapter 11 was brought on by the worker's salaries? Did the bosses take pay cuts? Was upper management downsized? Was the company run into bankruptcy by the owner's poor decisions?Or is it just easy to blame the workin man? Scare tactics are used all the time, the more you can take away from the workers, the more you can pad the execs pockets. Or just raid the pension funds.