Stock market hits record high

The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. nocoolnamejim

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

[QUOTE="nocoolnamejim"]The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. Storm_Marine

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

So the rich are getting richer, but yet, they don't want to pay extra taxes to help the economy get better.

Got it.

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"]The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. nocoolnamejim

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

Clearly I'm doing something smart then. If the rest of the 99% is doing so crappy.

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"]The stock market hit a record high today.

 Apparently, all of those huge amounts of corporate profits are going to the richest among us. trickle down economics at work? More like trickle down onto your heads. Discuss. nocoolnamejim

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

So the rich are getting richer, but yet, they don't want to pay extra taxes to help the economy get better.

 

Got it.

Netherscourge

The issue isn't so much that these corporations are making record profits with a more efficient workforce, it's that they're making these record profits and then just sitting on them instead of reinvesting or simply returning the cash to stockholders. At this rate it seems like the only solution would be to start taxing retained earnings at some ludicrous rate (which would have the added bonus of probably solving the deficit issue, too). 

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

Meh, my portfolio has never been higher. Maybe you should buy "Investing for Dummies" or something if you feel you're missing out.

Storm_Marine

Clearly I'm doing something right then.

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] I'd recommend "Statistics for Dummies" for you. Start with the section that talks about sample sizes. It'll help you understand that a sample size of 1 person (you) is not statistically viable in a nation of over 300 million. nocoolnamejim

Clearly I'm doing something right then.

Lol, trying to bait me into an Obama discussion. Nice try.

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

Clearly I'm doing something right then.

Storm_Marine

Lol, trying to bait me into an Obama discussion. Nice try.

Are high American profits even what's pushing the market up in the first place?

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] Congrats. You've successfully bragged about your portfolio and dodged any sort of substantive reply to the points in my original post. 1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? Your posts have dodged every one of these questions from the original post.nocoolnamejim

Lol, trying to bait me into an Obama discussion. Nice try.

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

Are high American profits even what's pushing the market up in the first place?

Storm_Marine

[QUOTE="Storm_Marine"]

Are high American profits even what's pushing the market up in the first place?

nocoolnamejim

And I was worried it was all just hype, good to see there are some strong earnings to back it up!

Stock market is inflated due to Federal Reserve throwing $40 billion a month at the economy driving interest rates to record lows.

Bull market has never lasted this long. Interest rates have never been this low for this long. It's an artificial bubble.

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

Lol, trying to bait me into an Obama discussion. Nice try.

Storm_Marine

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] You're in this thread, and that's what this thread is about. Not my fault if you can't rebut any of those points with anything other than anecdotal "hey, my stock portfolio is doing fine".nocoolnamejim

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! The guy who knows what the topic of his own thread is

1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? nocoolnamejim

what is this? School?

If I write a 5 page essay on how we should tax the hell out of everyone and use that money to build roads and bridges will I get full marks professor?

And yet, no one but the rich will profit from it...tocool340

I must be the 1% then.

My investments are near their all time high, just like Storm Marine. Our anecdotal evidence clearly is superior to stratified statistical sampling, randomized sampling, or quadrant sampling that is performed in those articles.

[QUOTE="nocoolnamejim"][QUOTE="Storm_Marine"]

The news article is about the stock market, can we not have a casual discussion about our personal experience in it without getting all upset about Obama and politics?

You seem upset.... Did you pull out of the market a few months ago or something?? :(

Storm_Marine

Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! The guy who knows what the topic of his own thread is

1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? nocoolnamejim

what is this? School?

If I write a 5 page essay on how we should tax the hell out of everyone and use that money to build roads and bridges will I get full marks professor?

Storm_Marine

It's not surprising the stock market is booming, but there's another crash on the horizon because instead of bad housing debt, it's ba student loan debt that the fat cats are packaging and selling at a high profit. This bubble will pop soon enough and that will be when the real investment opprotunities will begin. 

My investments are near their all time high, just like Storm Marine.

Zlurodirom

Hello fellow One Percenter!

The stock market hit a record high today. nocoolnamejim

Great! Now that the people at the top are clearly happy due to being richer than ever that trickle down theory will really kick in in the form of a lot more jobs, and.....

 But, apparently, Job Creators aren't creating jobs despite record profits because, well, they can make more money just keeping the extra worker productivity and working them harder. nocoolnamejim

damn

[QUOTE="Storm_Marine"]

[QUOTE="nocoolnamejim"] Nope. But you seem determined to try and avoid discussing the actual subjects of my thread. [quote="The guy who knows what the topic of his own thread is"] Now I know what you're thinking. This can't be true. President Obama and the Democrats are socialists who hate individual profit and capitalism. You didn't build that! nocoolnamejim

1. If Obama and the Democrats are socialists, then why are the stock market and corporate profits at record highs? 2. If Obama and the Democrats are socialists who hate success and individual profit, then why are the richest income brackets doing better than they have since the 1950s? 3. If giving tax cuts to the rich (the job creators) means more jobs for everyone else, then why are the rich simply choosing to not create jobs when they have record profits and the best stock market ever? nocoolnamejim

what is this? School?

The topic is the stock market, you wrapping it up with political flamebait doesn't change that.

We need to remove that crazy socialist Presi... wait a minute...

We need to remove that crazy socialist Presi... what a minute...

jimkabrhel

The topic is the stock market, you wrapping it up with political flamebait doesn't change that.

Storm_Marine

[QUOTE="Zlurodirom"]

My investments are near their all time high, just like Storm Marine.

Storm_Marine

Hello fellow One Percenter!

If I am the 1% I feel terrible for the bottom 99%, I don't even have a car.

P.S thanks for taking my statement out of context!

P.P.S I recalculated, I am in fact at an all time high.

[QUOTE="jimkabrhel"]

We need to remove that crazy socialist Presi... what a minute...

KC_Hokie

He's also not a socialist. 

[This message was deleted at the request of a moderator or administrator]Storm_Marine

[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]

We need to remove that crazy socialist Presi... what a minute...

jimkabrhel

He's also not a socialist. 

[QUOTE="jimkabrhel"]

[QUOTE="KC_Hokie"] He doesn't control the Federal Reserve and all the quantitative easing. KC_Hokie

He's also not a socialist. 

[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]

He's also not a socialist. 

nocoolnamejim

so you admit it's part of the topic?

Why were the rich complaing about paying more taxes again?

[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]

He's also not a socialist. 

nocoolnamejim

Policies of President are dwarfed by the Fed.

[QUOTE="nocoolnamejim"][QUOTE="KC_Hokie"] He has nothing to do with the stock market which is the topic.KC_Hokie

Policies of President are dwarfed by the Fed.

[QUOTE="KC_Hokie"]

[QUOTE="nocoolnamejim"] Stock market is only part of the topic. The question is asked in the original post how the stock market and private enterprise can be performing so well if Obama and the Democrats are pursuing socialist policies that attack the rich and punish success.nocoolnamejim

Policies of President are dwarfed by the Fed.

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

[QUOTE="nocoolnamejim"][QUOTE="KC_Hokie"] Federal Reserve is on to quantitative easing #3 pumping $40 billion into mortgage-backed securities causing this stock bubble.

Policies of President are dwarfed by the Fed.

KC_Hokie

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

.

[QUOTE="KC_Hokie"]

[QUOTE="nocoolnamejim"] $40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?nocoolnamejim

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm

People put their money into stocks because there was no where else to put your money when interest rates are so slow with precious metals hitting records.

The Federal Reserve has created an investor bubble in the stock market because of their quantitative easing policies. And the economic indicators simply don't support the notion the worldwide economy will continue to grow.

[QUOTE="KC_Hokie"]

[QUOTE="nocoolnamejim"] $40 billion into an economy of our size isn't a lot. Are you saying $40 billion per month? Can you give me a link?nocoolnamejim

http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm