DOW 20,000

a reply to: tothetenthpower


Tenth,

Wall street tax? I would love to see that.

a reply to: seasonal

Still manipulating the metals, I go by that more than Wall street.

QE is over...

Interest rates will have to rise which will burden us poor folk even greater.

a reply to: antar

It will also allow those who are retired to make some $ off their investments.

a reply to: Konduit

I just wish the wealth was a little more trickled down. Most people I know have no delusions of being rich. But they would like to live a decent life now, not 20 or 30 years from now. That means decent paying jobs. I have no idea where those jobs will come from. Building walls and pipelines are temporary construction. Personally, I am retired, but I am real concerned about the next generation.

a reply to: MOMof3

The oligarchy is a crime against the average American. Either it will change, or it WILL CHANGE.
I know that AMericans are patient, but once the ball starts rolling there will be nothing to stop it. By the way the goat screw started in 1975ish, that was when the increases in productivity was funneled to the top not shared with the workers.

a reply to: seasonal

Yea the problem overall is that most of the 'financial' products that they trade in, aren't considered 'income' so they don't pay taxes on them nearly as much as you or me do.

So these uber rich folk who have all their wealth tied up in the stock market, collect benefits from the Gov and the state, yet don't pay into those services, because the taxes they do pay on their 'income' in form of capital gains etc, aren't used for those programs.

I don't really think millionaires need social security eh?

~Tenth

originally posted by: tothetenthpower
a reply to: seasonal

The DOW itself is a poor indicator of economic success where it really matters, the middle class.

Since most of the money in the DOW never sees any other part of the economy ( it's just invested and reinvested within the same set of financial products) it basically serves as a means to tell you that the rich are getting richer.

The DOW could be at 30K and the middle class would still have shrinking wages and crap jobs, if they have jobs at all.

~Tenth

I think you are thinking of the S&P market. I'm definitely a laymen in this area, but starting to learn because it's that time in life I start investing, the DOW is made up of companies like Home Depot, GE, IBM and such.