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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (763720)	7/22/2007 1:26:17 PM
From: BEEF JERKEY	Read Replies (2) \| Respond to of 769670

I might remind you that the value of the stock market right now is more a result of the poor showing by the "clownbuck" and excess liquidity than it being a reliable predictor of the strength of the economy. In terms of currencies other than the US dollar - the US Stock Markets are not doing so good. 9 months after the Naz, Dow and S&P 500 made their highs in 2000 the economy was in free fall. One other thing - how do you feel about the fact that the Chinese have come to hold so much in US Bonds during the Bush rein that they can now topple our economy at will?

To: longnshort who wrote (763720)	7/23/2007 1:31:05 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Re: "DOW 14000" DOW components don't represent the over-all market, or our economy, very well (& haven't for many decades). Too small to be representative... then there is the fact that the 'losers' get dropped from the index... making for a 'rubber ruler' effect. In real terms (adjusted for inflation's ravages), the S&P 500 is still down some 17% from when Bush first assumed the Presidency... while the cost of a loaf of bread is up 33%. Message 23725068