Dow Closes Above 12,000 for First Time

Parent Cafe
41

<p>Don’t forget the DotBomb collapse. That also was pre-bush and killed 1000’s of what looked to be high paying jobs that have not been replaced. Of course those jobs were as real as the tulip craze of the 1800’s but it seemed nice while it lasted when even an English major could get a good job with stock options that were worth $$$$ for a few months.</p>

42

<p>Here we also have an example of personal expenses being reduced:</p>

<p><a href=“http://www.breitbart.com/news/2006/10/23/D8KUHBVG1.html[/url]”>http://www.breitbart.com/news/2006/10/23/D8KUHBVG1.html&lt;/a&gt;&lt;/p&gt;

43

<p>12,000 is a new high on a nominal basis. It had hit 11,500 in 1999. There has been 18% total CPI change since then (give or take) making our 12,000 more like 10,200, so we are still behind 11%-12% in real terms since then. Obviously a lot has gone on since 1999 - bursting of the Internet bubble, a recession, 9-11 that makes comparisons tought. Obviously the stock market has improved over the past 3 years. BTW, the broader S&P 500 would show we’re still behind its 1999 value in real dollar terms of 20%.</p>

<p>GDP - The Bush II second term GDP (in real dollars) is a bit lower than either the Reagan or Clinton second term. That’s not to say it isn’t good, but it’s not especially outstanding.</p>

<p>This came out a couple of weeks ago. Why do CEOs hate America?</p>

<p><a href=“MarketWatch: Stock Market News - Financial News - MarketWatch”>MarketWatch: Stock Market News - Financial News - MarketWatch;

44

<p>12,000 is a new high on a nominal basis. It had hit 11,500 in 1999. There has been 18% total CPI change since then (give or take) making our 12,000 more like 10,200, so we are still behind 11%-12% in real terms since then. Obviously a lot has gone on since 1999 - bursting of the Internet bubble, a recession, 9-11 that makes comparisons tought. Obviously the stock market has improved over the past 3 years. BTW, the broader S&P 500 would show we’re still behind its 1999 value in real dollar terms of 20%.</p>

<p>GDP - The Bush II second term GDP (in real dollars) is a bit lower than either the Reagan or Clinton second term. That’s not to say it isn’t good, but it’s not especially outstanding.</p>

<p>This came out a couple of weeks ago. Why do CEOs hate America?</p>

<p><a href=“MarketWatch: Stock Market News - Financial News - MarketWatch”>MarketWatch: Stock Market News - Financial News - MarketWatch;

45

<p>I meant to say it makes comparisons tough.</p>

<p>By GDP, I meant GDP growth, adjusted for inflation.</p>