Market Today

[RecycleMichael]

The Dow added another 1,000 points in the last 100 days.

Good times, good times.

[Gaspar]

The Dow added another 1,000 points in the last 100 days.

Good times, good times.

. . .and I still owe you that 12 pack.

I couldn't be happier to be wrong.

[Hoss]

. . .and I still owe you that 12 pack.

I couldn't be happier to be wrong.

I read case...

[Cats Cats Cats]

. . .and I still owe you that 12 pack.

I couldn't be happier to be wrong.

Whats the saying? its better to bet against America and lose than to bet for it and win?  Just joking with ya.  Obviously DOW has no basis on reality anyway.  Although, the market seems kinda inflated.  I mean how does Jobs leave Apple for a while and the stock doesn't tank?

Good Luck RM on the Super Bowl bets.  Hopefully this is the first of your winning wagers.

[dbacks fan]

  I mean how does Jobs leave Apple for a while and the stock doesn't tank?

My guess would be that the management infrastructure and the faith of the buyers of Apple products is the main reason. Jobs has built a solid company and reputation, and doesn't try to reinvent itself (Microsoft) every two to three years. Apple reminds me of VW in their philosophy, constant improvement over regular change.

[Cats Cats Cats]

My guess would be that the management infrastructure and the faith of the buyers of Apple products is the main reason. Jobs has built a solid company and reputation, and doesn't try to reinvent itself (Microsoft) every two to three years. Apple reminds me of VW in their philosophy, constant improvement over regular change.

They almost lost the company without him.

[dbacks fan]

They almost lost the company without him.

Yes and it was for a multitude of reasons. Here is an interesting article about how in 2000 they were in trouble, because the market turned their backs on Apple, day traders, shift in Apple philosiphy, and other factors:

http://www.asktog.com/columns/041ApplesLatestWoes.html

[RecycleMichael]

I predict the Dow will go down tomorrow after Obama speaks. I believe he will make the case that America is on the right track for the economy and that will scare some republican business people. He will give the American people some confidence and hope and that ain't what republicans want until they are in charge.

The republican response will probably be given from Chicken Little who will say the sky is falling.

[swake]

I predict the Dow will go down tomorrow after Obama speaks. I believe he will make the case that America is on the right track for the economy and that will scare some republican business people. He will give the American people some confidence and hope and that ain't what republicans want until they are in charge.

The republican response will probably be given from Chicken Little who will say the sky is falling.

I don't really care what the standard Republican response will be, that's not going to be where the entertainment value is going to be. Has everyone heard that Michelle Bachmann is going give her own "Tea Party" response. That's going to be just an awesome bucket of crazy. It's going to be on CNN at least, if not more channels.

http://voices.washingtonpost.com/plum-line/2011/01/gop_aides_irked_with_cnn_for_a.html

She's really under the impression that she is a viable candidate for President. Pricless.

[Townsend]

She's really under the impression that she is a viable candidate for President. Pricless.

entertained by the Freudian at the end there...

[swake]

entertained by the Freudian at the end there...

And it wasn't even stopped by the content filter

[dbacks fan]

And it wasn't even stopped by the content filter

I had to go back and re-read it. I guess I was looking at it and the mind took it for priceless instead.

[Red Arrow]

I missed it too.  I'm going to blame my progressive bi-focal glasses.

[Conan71]

I predict the Dow will go down tomorrow after Obama speaks. I believe he will make the case that America is on the right track for the economy and that will scare some republican business people. He will give the American people some confidence and hope and that ain't what republicans want until they are in charge.

The republican response will probably be given from Chicken Little who will say the sky is falling.

With it closing in on 12,000 some investors are going to take profits and since it was edging that way, there were probably people waiting to cash in some investments after it rolled to a new tax year since they won't have to pay taxes on these profits until next year.  They might also be thinking the market will settle some later in the year and it becomes a wash.

It's all positves, and we are definitely seeing major improvement from where I sit.

[we vs us]

Man, has the Tea Party ever broken up all that traditional Republican party discipline!  I have to say, I would've never imagined a schism like this . . . to such a degree that sitting members of congress feel comfortably making competing rebuttals.  And not only that, but that Bachmann just CHOSE herself to be that spokesperson.  No one actually nominated her, or asked her to do it as an official member of the Tea party or anything like that.  She just set this whole thing up herself, and because she's the only person who did it, she'll be considered the Voice of the Tea Party.  

It just points up how completely headless the GOP is at the moment, and how compromised the current leadership really is.  They can't stop a nutjob like Bachmann from upstaging them and driving policy further right simply because she jumped first.  

Boy do we live in interesting times.