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The Dow Is Crushing It Right Now — and Approaching a Milestone

Jan. 29, 2013 1:10pm Becket Adams

The Dow Jones Industrial Average is getting awfully close to trading above 14,000, something it hasn’t done since October 2007:

The Dow is “a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq,” Investopedia explains for those of you who have somehow gone through life without knowing that.

If the Dow manages to close above 14,000, it’d be the second major index to post a five-year high in two weeks. The Standard & Poor’s 500 for the first time since Dec. 10, 2007 traded above 1,500 last week.

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Comments (87)

Chromo200
Posted on January 29, 2013 at 2:48pm
Go to the supermarket and check prices of food .. Up and going up. Look at taxes, gone up and going to go up more. Look at housing cost, a lot of home under water/upside down, rent gone up .. And people think “That Guy” is doing good ..

Got people all worked up on gun control so we don’t think of the failed foreign policy and failed economic policies. He is giving money and military help to countries that hate us and will never like us because of their religion.

And for you lefties that post on this site look at the states that are doing OK they are governed by Republican governors while the ones that are going bankrupt are democrat run.

NEVERMIND and REDDENBLACK Look at Greece, Spain, Italy, France and the cherished lib country of Venezuela all going broke and unemployment among the youth of over 60%.

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- Popp40
  Posted on January 29, 2013 at 2:54pm
  You forgot to mention…..Obama is also cutting (more like gutting) our military while building our enemies military.
  
  Report this comment
- WalkThePath
  Posted on January 29, 2013 at 7:53pm
  Yeah this sharemarket BS is just another attempt by those in the know to get you to invest your money in it, before they pull the rug, again.
  
  The gun control issue hides the terrible economy, which hides…. the coming drought.
  
  Report this comment
- yiska8
  Posted on January 29, 2013 at 10:28pm
  The stock market today is the playground for the elitists who are pumping it up to draw in the suckers. The same suckers they shredded financially in 2008,2000,1987, and the Great Depression. They backed Barry Soetoro.Every major event is easily rigged. Stocks,sports, elections and so on..Don’t believe what the schills are saying. They’re hurting us with unemployment,gas prices,food prices,insurance premiums, and banking fees. We’re broke. The days of the Bling-Bling are done. None of it was real. It was all based on a derivative bought and sold round and round. And the same people who caused it are the ones still enjoying the game laughing at the rest of us.
  Remember that the Dow Jones Industrial is now 90% owned by CME(Chicago Mercantile Exchange), home to our Kenyan leader. The NYSE was purchased by the Germans in 2012 for at least 60% ownership.
  http://en.wikipedia.org/wiki/CME_Group
  http://www.crainsnewyork.com/article/20110215/FREE/110219927
  
  “All safe deposit boxes in banks or financial institutions have been sealed… and may only be opened in the presence of an agent of the I.R.S.”
  - President F.D. Roosevelt, 1933
  
  Report this comment
NOBALONEY
Posted on January 29, 2013 at 2:41pm
Wall Street, and the Main Stream Media is locked in with the ObaMaoNation of control, class warfare, and the radical agenda of their lord and messiah in the Whire House.

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- Popp40
  Posted on January 29, 2013 at 2:53pm
  That’s because those on Wall Street can run and hide behind their nice walled fortresses. As for the MSM….those in high positions are like those on Wall Street, they have a place to hide, however, the rest are hoping that Obama and his army will protect them when the shi t hits the fan.
  
  Aren’t they going to be surprised when he doesn’t……they are nothing but useful idiots.
  
  Report this comment
PlanetReality
Posted on January 29, 2013 at 2:33pm
What goes up must come down AGAIN!!!!!?

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Nevermind
Posted on January 29, 2013 at 2:19pm
Popp40
Posted on January 29, 2013 at 2:03pm
Here you go Sunshine….don’t let the facts get in the way!

http://cnsnews.com/news/article/gas-when-bush-left-office-178-gas-today-364-highest-average-price-calif-420
**********

What was the price of a gallon of gas in June 2008? $3.98 per gallon as of June 8th 2008. If you are going to use facts use them all. Price per gallon and per barrel hit record numbers in 2008 during Bush’s admin

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- AvengerK
  Posted on January 29, 2013 at 2:33pm
  What were the causes of the mortgage meltdown NEVERMIND? Mortgage backed securities? Unsafe loans? Predatory Lending?
  And who created the environment for all that to take place? Wall Street? Think again little guy….
  
  Democrats and liberal lobby groups lobbied for lower lending standards. Democrat officials forced lenders to lower their lending standards allowing sub-prime loans to soak their books. This also led to predatory lending. Now…the agencies that would verify these loans (Fannie Mae) were in financial trouble themselves. But once again, democrats didn’t want these agencies scrutinized.
  
  In 2001 the Bush administration tried to get Fannie under congressional scrutiny but committee democrats stalled it.
  
  In 2005 the same measure was brought up in a Senate bill, John McCain put his name to it. Once again committee democrats like Barney Frank and Chris Dodd stalled it and put the measure in procedural limbo.
  
  The whole mess could have been addressed back in 2001 but you liberals didn’t want anyone tampering with your precious “affordable housing”. And so today we all pay the price of your idiocy.
  
  Report this comment
- Popp40
  Posted on January 29, 2013 at 2:38pm
  Really Nevermind….you are looking at one small snap shot in time….why don’t you compare apples to apples, instead of cherry picking the data. Overall gas has went up under Obama and has STAYED UP. Did prices go up under Bush, yes but they came back down dramatically. However, they have not come back down under Obama (yet I don’t hear you all bi tching like you were when Bush was in office). Look we get it, Obama can do no wrong in your eyes, but maybe if you stop looking through your beer goggles you would see what is really going on. When you are looking at facts try looking at all of them, instead of just the ones that make your boy look good (and even when you look at those you still have to manipulate them).
  
  Report this comment
- Joe_The_Patriot
  Posted on January 29, 2013 at 2:54pm
  Do you know why the gas prices started falling in 2008 after the huge increase???? Because BUSH was pushing for more drilling and producing more oil offshore and on public lands… Do you know why prices have gone back up?? Because obama and his admin have stiffeled permits for exploration and drilling.. what used to take a few to get a permit now takes nearly a year.. A buddy of mine works on the exploration rigs in the gulf and confirms this to be the case. The markets know exactly what obama’s intentions are and see his policies and an out of conrol EPA that is killing ALL industries and personal property rights… REMEMBER obama said he wants energy prices to NECESSARILY SKYROCKET…..
  
  Report this comment
- barber2
  Posted on January 29, 2013 at 3:35pm
  Whenever you see the word ” Affordable” attached to a piece of Democrat legislation, you know that our economy is in for a disaster. ( it’s an example of their ” new” definitions for old words ! And that is just a long-winded way of saying that Democrats lie like rugs ).
  
  Report this comment
- txswalker
  Posted on January 29, 2013 at 4:54pm
  Im not sure whos side your on cause it sounds like your for obama but then give a link that supports Bush?
  
  Report this comment
watashbuddyfriend
Posted on January 29, 2013 at 2:19pm
Who is proping up the DOW, which should be below 7,000, and the price of Gold should be near 5,000?

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- NickyLouse
  Posted on January 29, 2013 at 2:56pm
  It’s the “End of The Road”. We can’t kick this can down the road much farther.
  
  Report this comment
- vaman
  Posted on January 29, 2013 at 4:58pm
  Gold is the next bubble. Can you believe some idiots paid $1800 or more for an once? I know some people have it locked in to their little brains that the U.S. dollar will collapse, the end times will arrive and gold will be the only tangible asset. That is paranoid talk and nothing else. Invest in any commodity when the price is low or be a fool and buy it at any cost.
  
  Report this comment
- KidCharlemagne
  Posted on January 29, 2013 at 10:36pm
  vaman
  Posted on January 29, 2013 at 4:58pm
  
  Gold is the next bubble. Can you believe some idiots paid $1800 or more for an once? I know some people have it locked in to their little brains that the U.S. dollar will collapse, the end times will arrive and gold will be the only tangible asset. That is paranoid talk and nothing else.
  =================================
  
  OK…..explain why the Federal Reserve’s balance sheet just hit $3 Trillion a few days ago then:
  
  —————————–
  “The central bank’s balance sheet is now more than triple its size before the financial crisis. Fed assets stood at $924 billion on Sept. 10, 2008, the week before the bankruptcy of Lehman Brothers Holdings Inc. helped spark a global financial crisis.”
  Bloomberg.com (Jan. 24, 2013): “Fed’s Bond Buying Pushes Assets to Record $3 Trillion”
  
  The Fed wouldn’t need to buy all that government debt if somebody else was already buying it….
  
  Report this comment
RaydocX
Posted on January 29, 2013 at 2:14pm
@Whiney, @RB, et al begging for credit to go to Obama, stop and think this through…
Whine… great that you rode the market up and had enough of a risk fund to pay for a townhouse when you bailed…

sadly in the economy of the last 4 years few have had so much extra… and you built that extra under the policies of Bush.

as to complaints when the gas goes up… gas prices are an indicator of the economy… you’re right, the President doesn’t make them go up or down, but when his policies contribute to an unstable middle east the cost increases are in part his, and when his policies about the enviornment squeeze reserves it’s on him… last i heard, he had not DONE ANYTHING to trigger the drop, and when the drop is still above $3 you are fooling yourselves that this is improvement.

The unemployment numbers remain unsettling. The debt load will soon eclipse our ability to pay it off. You saw that your man just gave 155 million he cannot have, considering he has no budget, to Syria…

businesses are pushing forward after praying that you sheeple would see the truth and vote O out… it did not happen, and they cannot wait longer, so yest, there is improvement in the market, but the overall economy remains sick, and i suspect you know it.

and as you are waiting in line for your pre-existing condition, to see a physician extender since your doc is overworked and isnt’ getting paid by the government, remember it’s what you wanted Whiney.

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UNALIEN
Posted on January 29, 2013 at 2:13pm
It is a scam…

If the Dow doubles and the US dollar is devalued by half you haven’t gained.. but you have to pay tax on that gain.. which you never really made

Nominal vs real, the Gov and the Fed want to keep you confused

the dow to reach a “real” high. not a nominal high that is to say accounting for Fed created inflation..

The DOW would need to be 20,000 using the Gov stats, if you use real inflation stats the DOW would need to be closer 40,000 just to be even with the DOW in 2000

In other words, in real terms the DOW is down over 60% in 13 years…

The Fed is monetizing a trillion per year, 60% of US debt last year,,

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Gildersleeve
Posted on January 29, 2013 at 2:12pm
It’s all smoke & mirrors. Hell we have 11 million new citizens coming our way and we must lend a helping hand. Right? My a$$. Tick, Tock……gonna hit the fan soon.

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DougHuffman
Posted on January 29, 2013 at 2:03pm
Yes, consider it an indicator of the value of its reporting currency, that represents the value per unit of the United States as a commodity. Apocryphally, we don’t see a change in the gross value of our nation but the proxy dollar value keeps going up.

Invert the relationship to see that the value of the dollar has fallen off the fiscal cliff.

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Joe_The_Patriot
Posted on January 29, 2013 at 2:01pm
I don’t care if it goes to 15,000 or 20,000… it doesn’t help me pay the bills… it doesn’t put gas in my truck…it obviously doesn’t get people back to work….. But when it crashes we are all gonna be screwed… Hooray….

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huey6367
Posted on January 29, 2013 at 1:52pm
Too bad this is not an idicator of the economy. Obie will use it as one, though.

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- Fubared
  Posted on January 29, 2013 at 2:01pm
  Yep-
  ” it is the now all too clear realization that a “market” that needs the Fed’s explicit support 81% of the time in the past 1519 days (and counting) to prevent it from collapsing , is anything but a market.”
  zerohedge.com
  
  Report this comment
- True American66
  Posted on January 29, 2013 at 2:06pm
  You’re exactly right…it is not an “inicator” of the U.S. anymore….heck, it’s not even owned by an American entity; it’s now owned by a German company. Whoever is trading in these large volumes, they certainly aren’t Joe & Jill Shmoe America….CONCENTRATED WEALTH CONCENTRATING ON GATHERING EVEN MORE OF IT BEFORE THE WHOLE THING COLLAPSES.
  
  Report this comment
Salvelinus
Posted on January 29, 2013 at 1:48pm
The really rich are getting REALLY RICH! This is a perfect exaple of a crap-economy. Companies can hire a small workforce to maximize profits, and the workers (us) suffer). So the stock price and the investors (the richest of the rich) do best.

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Nevermind
Posted on January 29, 2013 at 1:46pm
Popp40

@ Nevermind….so you think when gas goes down a few cents it is great….yet how much has gas went up since Obama took office? When Obama took over in 2009 gas cost an average of $1.85 per gallon. Now that average cost is $3.87 per gallon!

As for the stock market…why is it that all of you Obama supporters/followers always want to take credit when the stock market goes up, but when it goes down you all still blame it on Bush? If anyone are a bunch hypocrites then it would be people like you.

*****

When was gas an average of $1.85 a gallon? for 4 months in 2008 that happend around the time the economy crashed. Prior to that it was actually higher than it is today, but facts are tough on you guys

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- Popp40
  Posted on January 29, 2013 at 2:03pm
  Here you go Sunshine….don’t let the facts get in the way!
  
  http://cnsnews.com/news/article/gas-when-bush-left-office-178-gas-today-364-highest-average-price-calif-420
  
  Report this comment
- AvengerK
  Posted on January 29, 2013 at 2:15pm
  NEVERMIND…you’ll recall that the market went over 14K during Bush’s tenure? But don’t you lefties blame him for the mortgage meltdown? What was that phrase again..ah yes..”an inconvenient truth”.
  
  Report this comment
- Popp40
  Posted on January 29, 2013 at 2:23pm
  @AVENGERK….didn’t Bush actually call for Fannie and Freddie to be investigated because he knew the housing market wasn’t doing as well as they claimed, however, everytime he did this the Democrats always screamed he was racist and was against the poor for doing that thus causing him to back down. Then low and behold….the housing market crashed!
  
  Report this comment
- AvengerK
  Posted on January 29, 2013 at 2:45pm
  POPP…you’re absolutely right. In 2001 Bush tried to get a measure through to bring Fannie under congressional scrutiny and the democrats stonewalled it.
  
  Then in 2005 John McCain tried the same measure in the senate. “I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, [...] If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”
  
  Committee members Barney Frank and Chris Dodd stonewalled it and put it in procedural limbo.
  
  And so today we all pay the price for the liberals’ “affordable housing” sacred cow.
  
  Report this comment
ltdan
Posted on January 29, 2013 at 1:44pm
It’s hard to understand sone of these left winging posters, they constantly tear apart the Blaze for the stories that are posted and they disagree with but when there is one that they agree with they’re awfully giddy. Can’t they understand that the truth is sometimes a bitter pill. If you disagree with this site go some place else and be spoon fed and brained washed.

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crusaderx9
Posted on January 29, 2013 at 1:44pm
QE Infinity have committed unlimited amounts of Public Debt to prop up the markets.

US citizens not yet born are being sold into economic slavery because of out of control feel-good spending by the US government. The party will end and the bills for the interest payments alone will consume the entire Federal tax revenue. Living off the credit card doesn’t make you rich, but it will destroy the fabric of America and our ability to be self-deteminative in the world. Our last defense is our nuclear arsenal, but by then most every other significant force for good and evil in the world will have that capability as well. Mutually assured destruction means we can perhaps defend most of our territory, but with an abandoned US dollar we will be marginalized as others systematically eliminate our reach across the globe.

WE have failed as a nation, enjoy your market rally…

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Winedude
Posted on January 29, 2013 at 1:41pm
I retired on March 9, 2009. That was THE lowest point that the stock market (Dow Industrial) reached, somewhere close to 6,500. I figured that if I could survive that first year I would be OK. I took some cash that I had on hand and invested at that time. The people whining about the market are the ones that didn’t get in. Some bought gold (a decent investment in 2009, not so much now), others just stayed in cash or bonds. Obviously I made the right decision. I made enough money to pay cash for my townhouse and the requisite renovation. Not only that, I have pre-existing condition, so my thanks for Obama Care…I was just accepted into a pre-existing condition pool and it’s affordable. If the economy and stock market crash again, which is surely going to happen since it’s all cyclical anyway, Obama will probably be blamed, certainly on this forum. There aren’t any of the regulars that has the guts to say anything positive about he may have done to help the economy…rectal pores!

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- UNALIEN
  Posted on January 29, 2013 at 2:02pm
  Obama has done nothing to help the economy,, in fact the opposite..
  
  Report this comment
- jcldwl
  Posted on January 29, 2013 at 2:04pm
  Okay you name the good things he has done to help the economy. Go ahead we are waiting. I tried to find some to make you happy but I can’t seem to find anything. Unemployment down? Nope. Tax burden lowered? Nope. Annual salaries of the working class increased? Nope, decreased. U.S. debt decreased? Nope, it is nearing 200 percent of our GDP. Your turn.
  
  Report this comment
- Anonymous T. Irrelevant
  Posted on January 29, 2013 at 2:09pm
  WINEDUDE
  I commend you on your success in the stock market. Buy low, sell high is how it’s done.
  Can you cite some examples of what your Anointed One has done for the economy? Has he let companies drill for more oil, or let the Keystone pipeline be built, or is it State Governors who are doing the work? What does the Federal government do FOR business, beside regulate them to death? The President is in the Executive branch, what does he do for the economy, that State Governments aren’t doing? How is he paying or ObamaCare? Taking it from the sweat of my brow and giving it to people who won’t lift a finger to sweat? I’m not saying you don’t deserve social security, unless you didn’t pay into it, but why should WE pay for YOUR pre-existing condition and NOT YOU?
  
  Report this comment
- progressiveslayer
  Posted on January 29, 2013 at 2:09pm
  You think government healthcare is so great wait until it really kicks in and they start rejecting claims in the millions.You’re not the sharpest knife in the drawer so I’ll explain it to you,government health care will get you two things,crappy healthcare because half the doctors in this country are getting out of the business when this hellish law kicks in,something about not getting paid will make them change professions. The cost of ‘service’ will skyrocket because when it’s fully implemented everyone will be on government healthcare and private companies will cease to exist. Just because SCOTUS ruled that law is constitutional doesn’t mean it is and hopefully the states will be able to stop the set up of the exchanges. They’re adding millions of people to the healthcare rolls and half the doctors are getting out of the business,maybe even you can figure it out,I doubt it though.
  
  Report this comment
- AvengerK
  Posted on January 29, 2013 at 2:23pm
  I can tell that your “pre-existing condition” is a mental one WHINEDUDE.
  
  Let me quote CNBC: “Personal income growth slowed considerably during the third quarter of 2012, increasing just 2.7 percent after growing 4 percent in the second quarter. The savings rate also slowed to 3.7 percent from 4 percent.”
  
  Obama presides over the highest underemployment rate since WWII and it has actually increased durign his first term and shows no sign of reducing any time soon. Under Barack Obama we’ve seen the deficit increase by $6trillion and counting. Obama shows absolutely no sign that he is serious about reducing that deficit.
  
  As for Obamacare companies are reducing employee hours, taking employees off benefits, slowing hiring and taking write-downs. Obamacare itself has nearly tripled in cost since Obama signed it into law and the treats don’t even kick in until 2014. Premiums have gone up. So your little “I have a pre-existing condition and I thank Obamacare” banality is costing people more than they were paying before.
  
  Get better material clownshoes.
  
  Report this comment
- UNALIEN
  Posted on January 29, 2013 at 2:34pm
  AVENGERK
  Posted on January 29, 2013 at 2:23pm
  I can tell that your “pre-existing condition” is a mental one WHINEDUDE.
  ———-
  
  now that is comedy gold…
  
  Report this comment
- Anonymous T. Irrelevant
  Posted on January 29, 2013 at 3:13pm
  WHININGDUDE
  Still waiting………………
  
  Report this comment
- progressiveslayer
  Posted on January 29, 2013 at 3:40pm
  Anonymous T You’ll have to excuse whiningdude his electroshock therapy session hasn’t concluded yet so he won’t be able to respond for 24 hrs.
  
  Report this comment
Vilgax
Posted on January 29, 2013 at 1:40pm
Strange as it seems….this is the beginning of total collapse. It’s a setup. I don’t get why people don’t understand the market is manipulated all the time. It is no different than going to Las Vegas and betting against the house. You can only win a few before they grab all of it. Notice how Gold is low. That is because the manipulators want to take it all away from everyone and buy it themselves. When the dollar is dead, gold will be almost priceless….then it will be confiscated by the government.

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- MeMadMax
  Posted on January 29, 2013 at 1:48pm
  It won’t collapse till the fed pulls the plug on QE.
  
  Report this comment
- Winedude
  Posted on January 29, 2013 at 1:54pm
  Gold is low? I don’t think so. It may be down vs. it’s all-time high of about 1900 in August 2011 but it’s a far cry from where it was a few years ago. However, if one looks at historical data, it may not be worth even the $1,663 it’s selling for today. Keep in mind that gold is nothing more than another commodity. All the gold, that is every micro-gram, that has ever been mined still exists. The metal isn’t in short supply nor does it combine chemically with any other compounds. It can be melted down with other metals and combined, but it still exists as gold. I might get into gold if the price drops below $1,000/ounce but until then I think it’s a sucker play.
  
  Report this comment
- UNALIEN
  Posted on January 29, 2013 at 2:39pm
  gold doesn’t change it is the dollar that is dropping…
  
  gold is hitting all time highs in Yen…
  
  you have to realize that the DOW, gold and oil are denominated in US dollars, so as the dollar is devalued those numbers rise, but you haven’t necessarily gained…
  
  the DOW is down over 70% since its high if denominated in GOLD
  
  Report this comment
loafer4952
Posted on January 29, 2013 at 1:30pm
I wonder if this has to do with all the money we are printing every month.

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- MeMadMax
  Posted on January 29, 2013 at 1:47pm
  Correct.
  All the “Quantitative Easing” that the federal reserve is doing, which is essentially dumping money into the banks, is doing nothing but artificially inflating wall street.
  Why? 2 reasons.
  One. Ben Bernanke wants it. His theory is if you artificially inflate wall street, people will think the economy is doing better, and therefore, will do better itself… eventually.
  Two. The banks take the money from QE and dump it into wall street for a quick buck. Essentially turning wall street into a money shuffling board between a bunch of fund managers while sucking up what little “actual” investment that comes in from “outside” players, like foreign and individual investors…
  
  This is why we have the perception that the banks have tons of money sitting on the “sidelines”. They don’t, they simply take the money and put it into wall street instead of investing it into small business loans, and other econimical building models.
  
  The system is broken because of one idiots theory/mentality….
  
  Report this comment
Cavallo
Posted on January 29, 2013 at 1:26pm
And that means…. that artificial inflation of the borrowing potential of the fed is profitable in the short term. The Math doesn’t work, this isn’t real growth. The numbers are way too upside down for short term stock gains to turn things around. The investors are looking to get their earnings in now before the collapse in an attempt to win at playing Russian Roulette. Fascism only works if you can continue to steal money from an ever increasing base of fresh victims. Invading Mexico or Canada isn’t much of an option of Dear Leader.

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- BODYBAG
  Posted on January 29, 2013 at 1:45pm
  The Rigged Casino —- Total And Complete Disconnect From Reality
  US debt headed toward 200 percent of GDP even after ‘fiscal cliff’ deal
  http://thehill.com/blogs/on-the-money/economy/279857-report-fiscal-outlook-not-improved-by-debt-deal#ixzz2JOAYHF2u
  
  “The primary goal of any sustainable fiscal policy is to stabilize the debt as a share of the economy and put it on a downward path, and yet our nation is still heading toward debt levels of 200 percent of GDP and beyond,” he said.”
  
  The FED currently pumps $85 billion a month into the markets to keep them from collapsing,
  coupled with 100% purchases of all new debt AND artificially suppressed 0% interest.
  
  What could POSSIBLY go wrong?????
  
  Report this comment
SREGN
Posted on January 29, 2013 at 1:22pm
People deciding to get out of cash because they’re afraid of the dollar. Where else is the money to go? R/E at the bottom of a twelve year cycle, bond interest is a joke. At least stocks will ride the inflation waves that are coming. It’s the lesser of four evils.

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IMCHRISTIAN
Posted on January 29, 2013 at 1:20pm
Probably Washington D.C. politician and friends investors who are putting money into their pockets for themselves. There was so much loss in bad investments though for taxpayers. God help them if that is true. WHERE ARE THE JOBS

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- Salvelinus
  Posted on January 29, 2013 at 1:50pm
  No Jobs = Less Pay = Less “cost” = More Profit = Higher returns = Higher STOCKS PRICE!
  
  Report this comment
- IMCHRISTIAN
  Posted on January 29, 2013 at 2:05pm
  If you have no employee, you will have less profits, you cannot invest as much , you do not spend as much, you do not put in savings as much I prefer an employer who will give and keep me on as an employee so I can have a life and hopefully invest.
  
  Report this comment
- LESNC
  Posted on January 29, 2013 at 4:09pm
  That is why Washington DC has the highest per captia income in the country. The politians are giving our money to family and friends.
  
  Report this comment
walnutportconservative
Posted on January 29, 2013 at 1:17pm
What doe it matter? It will all be wothless in a year or so. What does it matter?

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- ReddenBlack
  Posted on January 29, 2013 at 1:29pm
  It matters because Obama is turning the economy around little by little. You blame him when the Dow goes down, its only fair that he get credit when it goes up! Republicans got crushed in the last election, and the dow goes up. What does that tell you? Dude, if you truly can’t see that Obama is turning the country around, the I feel sorry for you. What a pathetic life you must lead. My cabinet making buisness had its best year ever last year. All your whining and paranoia is nothing compared to the rate that my bank acct has been grown. Whine some more, I’ll just be over here buy another benz…
  
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- Popp40
  Posted on January 29, 2013 at 1:39pm
  @reddenblack….I’m curious to know your location….if you are near the Washington D.C. area then yea, I’m sure your business is booming (or anywhere the federal government is spending money). After all the government is proving to be very profitable if you are one of the elite. However, most of America is still hurting and if you haven’t noticed….so is much of the world. I hope the economy is turning around, however, in all reality it isn’t.
  
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- Anonymous T. Irrelevant
  Posted on January 29, 2013 at 1:55pm
  BLACK
  What has Obama done, or is doing to turn the economy around? He refuses to drill for more oil, the life-blood of our economy, or even to let the Keystone pipeline get built. It’s taking Governors to do the job. The Federal government only STANDS in the way of business, by way of regulations, not helping business. As long as you gots yo Obamaphone, cigs, cable, and yo HDTV, everything is ok.
  
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- walnutportconservative
  Posted on January 29, 2013 at 1:55pm
  Reddenblack
  What the DOW does, is only temporary. I too am doing well, and I don’t think I whine. Just tell me how things are going for you next year at this time. Many don’t think it can get worse, I’m not one of them, and so I don’t whine… I prepare. Ordering another cache of food.
  
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- AvengerK
  Posted on January 29, 2013 at 2:00pm
  By all means REDDENBLACK..tell me how Obama is turning the economy around little by little.
  
  The GDP is at a crawl, is that good to you little fella? CNBC said: “Personal income growth slowed considerably during the third quarter of 2012, increasing just 2.7 percent after growing 4 percent in the second quarter. The savings rate also slowed to 3.7 percent from 4 percent.”
  
  Middle class earnings are lower. Obama presides over the biggest underemployment rate since WWII.
  You don’t have a clue do you champ? You think Dodd-Frank has helped the financial industry? Get a clue idiot.
  
  You mean the skyrocketing debt Obama’s created perhaps? You mean by business not hiring because of the higher taxes and Obamacare?
  
  You drooling idiot…the market is doing well because companies are retaining higher profits through slower hiring and cutting benefits for employees THANKS to Obama’s policies. States and private companies with oil interests are using techniques like fracking with great success..AGAINST Obama’s policies where oil exploration and drilling has gone down 50% on federal lands. Projected earnings and the oil boom in these states is what’s making the investor want to invest. Obama’s actually holding the economy back not helping it.
  
  Have you seen the wasteland that is the California Bond Market right now?
  
  By all means little lefty troll….tell me how well Obama’s handled the economy again..LOL.
  
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- UNALIEN
  Posted on January 29, 2013 at 2:04pm
  @REDDENBLACK
  
  yes, tell us what Obama has done to improve the economy…
  
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- AvengerK
  Posted on January 29, 2013 at 2:05pm
  JCDL….the lefty trolls/children don’t understand how the market works. Investors invest on earnings and projected earnings. They don’t care how that’s done, they just want it done. Companies are not hiring and doing more with less people on the payroll. This makes their bottom line healthier and so the investor will invest.
  
  These idiot lefty trolls have no idea how many investors moved their holdings around before January 1st in order to avoid the higher taxes Obama wants to hit them with. These idiots are clueless.
  
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- progressiveslayer
  Posted on January 29, 2013 at 2:23pm
  Redblack So how many government contracts you have there champ? because the only thing expanding since that POS took office is the size of the government. He’s destroying this economy and don’t let a little 70 point jump in the dow fool you that games been rigged since it’s inception. If you look at history the dow made huge gains just before the crash and it’s happening again.
  
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- Popp40
  Posted on January 29, 2013 at 2:49pm
  @Progressiveslayer…..you and I are on the same page….I bet he works in the Washington D.C. area or somewhere that they have a lot of Federal government jobs.
  
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RoDogg
Posted on January 29, 2013 at 1:16pm
This CAN’T be good…….

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Nevermind
Posted on January 29, 2013 at 1:16pm
It’s Obamas fault!!! Everytime it goes down that is the cry from the blazers so if it goes up it must be his fault as well right? Kind of like gas prices, most on here blame him when they go up yet never mention him when it goes down. Interesting

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- ReddenBlack
  Posted on January 29, 2013 at 1:21pm
  YOU ARE ABSOLUTELY RIGHT!!! I logged in just to say this same thing. But the t-baggers don’t use logic or common sense, it will just be lost on them.
  
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- Popp40
  Posted on January 29, 2013 at 1:34pm
  @ Nevermind….so you think when gas goes down a few cents it is great….yet how much has gas went up since Obama took office? When Obama took over in 2009 gas cost an average of $1.85 per gallon. Now that average cost is $3.87 per gallon!
  
  As for the stock market…why is it that all of you Obama supporters/followers always want to take credit when the stock market goes up, but when it goes down you all still blame it on Bush? If anyone are a bunch hypocrites then it would be people like you.
  
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- AvengerK
  Posted on January 29, 2013 at 1:35pm
  You two lefty trolls are hysterical. Do you know why Wall Street is doing so well right now?
  Why don’t you examine how companies have stripped down hiring and benefits since 2009 and how they’re getting more done with less liabilities (read: employees) on the payroll. As a result they’re making higher profits and the projected better earnings promote more investment activity.
  You two lefty cretins are a joke….have you seen how well the tax payer has fared from Obama’s “saving” of GM? GM profits are down and the government is selling it’s stake in GM at a loss.
  Idiots.
  
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- floridaborn
  Posted on January 29, 2013 at 1:42pm
  When has gas gone down? It was $1.97 when he took office…..$3.44 now.
  
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- progressiveslayer
  Posted on January 29, 2013 at 1:51pm
  What makes you think the stock market has anything to do with the monetary policy of the United States? The fed is monetizing the debt,something ole Ben said he would never do and it always turns out badly every time a central bank does it. The stock market has always been rigged by the heavyweights and it’ll always be that way. When the dollar collapses then you will see the true value of your dollar.
  
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- jcldwl
  Posted on January 29, 2013 at 1:54pm
  Funny you leftist hate wall street but it has an upturn under your communist in charge and all of a sudden it is great. This is not good considering the the national debt is heading above 200 percent of the GDP. How about factoring that in. You think this surge will last? Or maybe it’s just the precipice before the crash. You lefties have fun tying to survive when your free ride dries up.
  
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The_Jerk
Posted on January 29, 2013 at 1:15pm
Talk to me when the chicken called inflation comes home to roost.

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