Why the Dow is Hitting 10,000 While Everyone Else is Cutting Back

Huffington Post by Robert Reich | Sep. 22, 2009 (Opinion)

So how can the Dow be flirting with 10,000 when consumers, who make up 70 percent of the economy, have had to cut way back on buying because they have no money? Jobs continue to disappear. One out of six Americans is either unemployed or underemployed. Full Story »

Posted by Kaizar Campwala - via Huffington Post (Featured)

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Subjects: U.S., Business
Topics: U.S. Budget, U.S. Economy, Finance
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# Tweets: 7 (as of 2009-09-22)
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Posted by: Posted by Kaizar Campwala - Sep 22, 2009 - 10:01 AM PDT
Reviewed by: Kaizar Campwala (review)
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Edited by: David Fox - Sep 23, 2009 - 9:37 AM PDT

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Kaizar Campwala
3.8
 by Kaizar Campwala - Sep. 22, 2009

This post get high points for insight, but lacks the kind of evidence, both present day and historical, that would make it more than an conjecture.

In other words, the Dow is up despite the biggest consumer retreat from the market since the Great Depression because of the very thing so many executives are complaining ... More »

Kaizar posted this story.
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