Article

2013-03-05 Economy

Dow Jones share index hits new record high

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2013-03-05 12:20|| || Front Page|| [1 views ] Top

#1 The Dow has more than doubled in value since it plummeted to less than 6,550 points in the depth of the crisis in March 2009.

What was the price of gas back then before the Fed and Treasury started wholesale debasing of the currency? Debased currency, debased Dow. Which by the way this seems appropriate in context.

Posted by Procopius2k 2013-03-05 12:43|| 2013-03-05 12:43|| Front Page Top

#2 If you're wondering where all the currency BenBernanke is photocopying is being dumped...

I'd guess also record P/Es. i.e no growth to support it.

Posted by Bright Pebbles 2013-03-05 14:20|| 2013-03-05 14:20|| Front Page Top

#3 If you ever had any questions about whether the stock market had any connection to reality, this is the answer.

They are just shuffling paper and bidding it up on the "bigger fool rule" and playing financial musical chairs with the money.

These guys are the ones that blew up everyone's home equity and they should all be in jail. They should close the joint down and send them all to Angola to fight mosquitoes. We can get all the capital we need on the Chinese bond exchange.

Posted by Bill Clinton 2013-03-05 17:25|| 2013-03-05 17:25|| Front Page Top

#4 Can you say "bubble"? Sure you can.

Posted by Ebbang Uluque6305 2013-03-05 19:13|| 2013-03-05 19:13|| Front Page Top

23:55 chris
23:52 chris
23:43 Redneck Jim
23:39 Redneck Jim
23:34 Redneck Jim
21:20 USN,Ret.
21:18 tu3031
21:13 tu3031
21:10 tu3031
21:02 Frank G
21:00 Frank G
21:00 gorb
20:58 Water Modem
20:57 Secret Asian Man
20:46 Water Modem
20:42 SteveS
20:40 Water Modem
20:36 Water Modem
20:25 Airandee
20:13 Secret Asian Man
20:02 Frank G
20:00 DarthVader
19:55 Alanc
19:53 Barbara