* chirp chirp *

52 Week Range:

7,129.60 to 10,767.15

Chart of the DOW since Obama's nomination (hint: up up up):

* chirp chirp *

#1 | Posted by TrueBlue at 2010-03-17 07:47 PM | Reply | Flag: DESPERATE FOR ATTENTION

#2 | Posted by AMERICANUNITY at 2010-03-17 08:01 PM | Reply | Flag:

Isn't it cute when someone pretends to understand?

Oh, Look Mommy! AU is trying to stand up again!

Says the childish moron who didn't even know he could buy into Taiwan's National Health System.

Clueless expat

Use your mouse to click on the chart of the DOW and tell us it hasn't risen up and up since Obama's election, fish heads-for-brains.

Use your mouse to click on the chart of the DOW and tell us it hasn't risen up and up since Obama's election, fish heads-for-brains.
#6 | POSTED BY AMERICANUNITY

Wall street is pumping TARP money into stocks to make fools like you think it means the economy is improving.

Oh Yea, Scott Brown caused it.

"It actually fell immediately following Scott Brown's election January 20th (look at chart).
#2 | Posted by AMERICANUNITY at 2010-03-17 08:01 PM"

Agreed and that was precisely my point:

Prior to the MA election, there were repeated pundit claims that a Scott Brown election would cause a surge in the market. The reality was exactly contrary to that. In fact so much so that it took TWO MONTHS to recover from the "Scott Brown Market Surge" enough to get back up to pre-Scott Brown levels.

So..., where are all those pundits and their supporters today???

"Wall street is pumping TARP money into stocks to make fools like you think it means the economy is improving.

Federal spending is running out of control.
research.stlouisfed.org
Tell me that's good.
#7 | Posted by Ray at 2010-03-17 09:03 PM"

I won't tell you that's good.

You bring up an interesting point, if I understand you correctly, that inflating the value of stocks (and therefore the DJIA index) does not provide a good/reliable indicator of "the economy".

Fair enough. So, what 'yardstick' does one (e.g., you) use to evaluate and compare economies?

So, what 'yardstick' does one (e.g., you) use to evaluate and compare economies?

Re: #11 | Posted by Ray at 2010-03-18 08:15 PM

You've provided an interesting link.

However, it is scaled in $B. I'm sure I don't have to tell you that $1B in 1950 is a completely different amount of money from $1B in 2010.

Would it not be a more useful analysis if it were scaled in more unitary/constant units (e.g., adjusted for inflation, % of GNP, $/population, etc.)?