Red Phone from Hell

[native]

George Bush, Queen Elizabeth, and Vladimir Putin all die and go to hell. While there, they spy a red phone and ask what the phone is for. The devil tells them it is for calling back to Earth.

Putin asks to call Russia and talks for 5 minutes. When he is finished the devil informs him that the cost is a million dollars, so Putin writes ...him a check.

Next Queen Elizabeth calls England and talks for 30 minutes. When she is finished the devil informs her that the cost is 6 million dollars, son she writes him a check.

Finally George Bush gets his turn and talks for 4 hours. When he is finished the devil informs him that the cost is $5.00.When Putin hears this he goes ballistic and asks the devil why Bush got to call the USA so cheaply.The devil smiles and replies: "Since Obama took over, the country has gone to hell...



...so it's a local call."

[Skjellyfetti]

America isn't going to hell, native. Dow up over 11,000. Everything's going to be ok. Just take deep breaths and read less retarded chain emails.

[CitadelGrad]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

[travelinman67]

America isn't going to hell, native. Dow up over 11,000. Everything's going to be ok. Just take deep breaths and read less retarded chain emails.

Denial (noun); a defense mechanism that denies painful thoughts; see also "Skjellyfetti".

[grizzaholic]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

nope, kyjelly said so.

[mainejeff]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

+4,500 over the last 13 months hasn't improved your situation????

Maybe you CONKS should stop whining less and start getting your life in order........or start going to church and praying more.

[Skjellyfetti]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

Declining dollar? Dollar has been on the rise along with the stock market:
http://www.fxstreet.com/rates-charts/usdollar-index/" onclick="window.open(this.href);return false;

Inflation rate is at normal levels and declining:


Unemployment is high... though after last month's numbers it looks like it has peaked and is starting to decrease:


I'll give you the fact that the debt is increasing (though, when isn't it?).

But, the economy is heading up, up, up! I hope your pessimism hasn't kept you from putting money back in the market... because you've missed out on quite the rally the past year.

[CitadelGrad]

My god. You are dumber than a bag of hammers, jellybelly.

[Baldy]

My god. You are dumber than a bag of hammers, jellybelly.

Kool-Aid intoxication.

[CitadelGrad]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

+4,500 over the last 13 months hasn't improved your situation????

Maybe you CONKS should stop whining less and start getting your life in order........or start going to church and praying more.

I'm not a conk and maybe you should learn a little something about capital markets before you start celebrating this "bull market".

[Skjellyfetti]

My god. You are dumber than a bag of hammers, jellybelly.

Nice counter.

You've now convinced me! The economy is fucked!

No, but really (I know, you'll just ignore the substance and call me stupid)... The market is "climbing the wall of worry." People keep bringing up valid economic reasons why the market shouldn't be going up, a lot of times these cause corrections (Bernake's slow re-confirmation, worries about debt, Greece, etc.) but in the end the market continues its trend.

There are a lot of things that could go wrong, and a lot of things that will go wrong in the future, but the stock market is a leading indicator of economic activity, not a lagging indicator. Nobody has a definitive grasp on how long the market leads by, but the general consensus is 9 - 18 months. We're ~13 months from the bottom, and there are already shoots of "real economy" growth around the world.

[OSBF]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

yeah, but when the repukes were in charge and the dow was up, it was a good thing

now with the dems in charge and the dow is up, it's not a good thing?

I just love hypocrites

[clenz]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

yeah, but when the repukes were in charge and the dow was up, it was a good thing

now with the dems in charge and the dow is up, it's not a good thing?

I just love hypocrites

Were your lib asses happy when the dow was up under Bush? Not the libs I talked too....

[CitadelGrad]

My god. You are dumber than a bag of hammers, jellybelly.

Nice counter.

You've now convinced me! The economy is fucked!

No, but really (I know, you'll just ignore the substance and call me stupid)... The market is "climbing the wall of worry." People keep bringing up valid economic reasons why the market shouldn't be going up, a lot of times these cause corrections (Bernake's slow re-confirmation, worries about debt, Greece, etc.) but in the end the market continues its trend.

There are a lot of things that could go wrong, and a lot of things that will go wrong in the future, but the stock market is a leading indicator of economic activity, not a lagging indicator. Nobody has a definitive grasp on how long the market leads by, but the general consensus is 9 - 18 months. We're ~13 months from the bottom, and there are already shoots of "real economy" growth around the world.

My comment wasn't really meant to counter your post. You are so willfully ignorant that it would do no good to explain to you what is going on in the economy now.

[Skjellyfetti]

I know, you'll just ignore the substance and call me stupid

You are so willfully ignorant that it would do no good to explain to you what is going on in the economy now.

LOL. Called that one.

[CitadelGrad]

Oh wow, the Dow is at 11,000. I guess we no longer have to worry about inflation, the declining dollar, high unemployment or the soaring deficit anymore. I'll sleep much better tonight knowing that the stock market is overvalued again. Happy days are here again.

yeah, but when the repukes were in charge and the dow was up, it was a good thing

now with the dems in charge and the dow is up, it's not a good thing?

I just love hypocrites

I don't think anyone is saying that rising equity prices are bad. Once again, you've missed the point entirely. What some of us are saying is that the market is overvalued and that despite the rise in equity prices, there are still many fundamental problems with the economy that show no real signs of improvement anytime soon. The dollar remains in bad shape in relation to other major currencies. The deficit is approaching the point of being completely unmanageable. Unemployment remains high and show no sign of significant improvement. Monetary conditions are ripe for long-term inflation (at least until the commercial real estate bubble bursts). The stock market has never meant much as an economic indicator. You should be keeping your eye on long-term yield curves. Those are far more meaningful than equity prices.

[OSBF]

yeah, but when the repukes were in charge and the dow was up, it was a good thing

now with the dems in charge and the dow is up, it's not a good thing?

I just love hypocrites

Were your lib asses happy when the dow was up under Bush? Not the libs I talked too....

anytime the market is up it's a good thing for me

means i'm that much closer to cashing in my 401 for an annuity

[CitadelGrad]

I know, you'll just ignore the substance and call me stupid

You are so willfully ignorant that it would do no good to explain to you what is going on in the economy now.

LOL. Called that one.

You're way out of your league. Seriously. You have no idea how foolish you appear to those of us who actually know what we're talking about. You're like a T-ball MVP who shows up at spring training because he thinks he can play with major leaguers.

[OSBF]

The stock market has never meant much as an economic indicator. You should be keeping your eye on long-term yield curves. Those are far more meaningful than equity prices.

and that is my point exactly

During the shrub years all we heard is don't worry, the market is strong, the economy is doing fine

All you heard every time you turned on Faux news.

So..................

If a strong market was a good indicator of a healthy economy under shrub, it therefore is an indicator now.

[Skjellyfetti]

You're way out of your league. Seriously. You have no idea how foolish you appear to those of us who actually know what we're talking about. You're like a T-ball MVP who shows up at spring training because he thinks he can play with major leaguers.

And, there you go again... call me stupid without explaining what's wrong about anything I've posted.

while calling yourself a major leaguer...

[houndawg]

yeah, but when the repukes were in charge and the dow was up, it was a good thing

now with the dems in charge and the dow is up, it's not a good thing?

I just love hypocrites

Were your lib asses happy when the dow was up under Bush? Not the libs I talked too....

Bullshit. You were still in diapers.

[CitadelGrad]

The stock market has never meant much as an economic indicator. You should be keeping your eye on long-term yield curves. Those are far more meaningful than equity prices.

and that is my point exactly

During the shrub years all we heard is don't worry, the market is strong, the economy is doing fine

All you heard every time you turned on Faux news.

So..................

If a strong market was a good indicator of a healthy economy under shrub, it therefore is an indicator now.

If you watched Fox News for more than one hour in the past five years, you've watched it more than I have. I don't rely on Fox or any other TV source for my financial and economic news and analysis. Only an idiot would.

[dbackjon]

Interesting that the Conks on here think that Russia is currently a better place to live and do business than the United States.

[grizzaholic]

Interesting that the Conks on here think that Russia is currently a better place to live and do business than the United States.

Holy shit you are dumb.

[CitadelGrad]

You're way out of your league. Seriously. You have no idea how foolish you appear to those of us who actually know what we're talking about. You're like a T-ball MVP who shows up at spring training because he thinks he can play with major leaguers.

And, there you go again... call me stupid without explaining what's wrong about anything I've posted.

while calling yourself a major leaguer...

You don't even know how to read the charts that you posted -- and they aren't that hard to understand.