Date registered: Apr 2004
Location: The BlueGrass State
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
Let's remember kiddies, the DOW is a reflection of only 30 Stocks large STOCKS, many of which are INTERNATIONAL and gain value due to the weak dollar. It does not, in any way reflect the condition of the US Economy, simply the condition of the DOW.
Now, let's look at specific components that made that glorious leap.
EXXON up 100% in 5 years, and 250% in the past 10 years.
Chevron up 248% in the past 5 years and 300 in the past 10.
Walmart is up 461% in the past 10 years, much dependent on the $5Trillion trade deficit and trade imbalance with China.
So, when we look at the DOW components we see that several players, and I only looked at these three, may have had big growth but they did so at the expense of 300Million Americans who pay 250% more at the pump than they did when Bushie came into office.
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.