New York, NY - Dow Closes In Record Territory. |
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Published on: October 1, 2007 04:05 PM
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New York, NY - U.S. stocks kicked off the fourth- quarter with a rally that sent the Dow Jones Industrial Average to a record, as investors speculated the worst may be over for banks, builders hurt by subprime mortgage losses, and focused on the possibility of more Fed rate cuts.
The Dow Jones industrial average closed up 192 points at 14,087
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Oct 01, 2007 at 09:58 PM Anonymous Says:Report as Inappropriate
It has nothing to do with prophecy but rather an analysis of the situation as it is happening. If you have any alternative analysis, please post it! As we speak the Chinese and Iranians and others are dumping dollars. What does that mean? It means that there is more supply than demand, thus debasing the value of these dollars that will come flooding back here into the Federal Reserve system. Do you know that the Federal Reserve is a private bank? Do you know that according to the Constitution only the GOVERNMENT is allowed to print money (backed by silver and gold of course)? Fiat money that has no backing keeps getting printed, thus causing inflation. That's why $5 cannot buy anything compared to 50 years ago. "Eyn Ben Dovid Ba Ad She-techale Pruta Min Hakis."
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Oct 01, 2007 at 09:06 PM Anonymous Says:Report as Inappropriate
And your name is Prophet what?
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Oct 01, 2007 at 06:22 PM Anonymous Says:Report as Inappropriate
The reason the stock market is rising is because of inflation, not because of economic growth. As the world moves to the Euro, the dollars are flooding back, depreciating the value of the dollar (equal now to the Canadian dollar!!), making imports from everywhere skyrocket.....When the dollar collapses, they will default on the trillions of dollars of debt and drive the US into a depression worse than 1929. They will try to save it with a New American Dollar or something similar, but it won't do much good as long as the world prefers the Euro......