Go look at a 5 year Dow graph please. Beginning of Sept 2005, Dow was 10,200 and change. Beginning of Sept 2010, Dow is at 10,200 and change.
Yes, that means that the market is unchanged for a 5 year look. On the other hand, the market bottomed out at 6,600 in March of 2009. That means that, in a year and a half, the market has gone up by 4,000 points. During a recession. Now tell me again how the market isn't doing fine? Please go back and read and try to understand the rest of my email. Business investment in the US starts with consumer demand. Agreed? What increase there has been in consumer demand has been absorbed through excess production capacity. Agreed? Hiring and capital investment will occur only when consumer demand outpaces excess production capacity and productivity increases. Agreed? Now, tell me how tax cuts for the rich will increase consumer demand. Judah On Thu, Sep 2, 2010 at 12:17 PM, Robert Munn <cfmuns...@gmail.com> wrote: > > On Thu, Sep 2, 2010 at 12:01 PM, Judah McAuley <ju...@wiredotter.com> wrote: > >> Most of the rich don't directly invest in companies, they invest in >> the market. The market is doing fine. Those that do invest directly in >> companies (VCs) are not hurting for capital. The opposite is true, >> actually, the hard part is finding good investments for the capital is >> ready to be invested. > > People with money are sitting on it or holding it in cash, gold, > bonds, or other "safe" assets. The stock market is hardly doing fine. > We have had a decade of zero growth in the market, with the very real > prospect of another big drop in the market over the next two years. > The people doing really well in the market are traders, investment > advisers, and people holding individual stocks like Apple or Google > that have outstripped the market. The average guy with $200K in his > 401K plan is just treading water at this point. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:326741 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
