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Darla
So you were cutting grass at 10 and Topspin was smoking it!
Haha!
So you were cutting grass at 10 and Topspin was smoking it!
Chevron must be very insulated from the outside world? I am unsure. Maybe it's different for your finance guys? I really don't know.
But out there for most people, believe me, trust me, everyone knows when the unemployment situation is bad. First of all; raise freezes. Then there are layoffs. Then you get more work because there are less people. You are stressed because you have to work longer and harder and you're not getting a raise, and may even had a pay cut. Then a general atmosphere of "you're lucky to even have a job" permeates the company. And that means taking a lot of shit and getting absolutely nothing, and making sure you smile while you're doing it in case someone in management gets the idea you're not happy, and then you get laid off in the next round because unhappiness leads to less productivity.
I am kinda stunned that no one here has ever been an employee during a recession? Believe me, I am thankful every day that I no longer am subjected to those fluctuations and stresses. But I remember them.
So you were cutting grass at 10 and Topspin was smoking it!
The unemployment number will always be a bigger factor when it is high. In that environment, even people with jobs fear potentially losing them or seeing a lack of growth for their business due to so many others not having them. The economy as a whole stagnates when unemployment remains high. He is right that it is the bigger factor of the two. He is 100% wrong to proclaim that people don't care about the market based solely on the fact they don't know what one of the market averages is at. I doubt half my clients could tell you where the dow is at right now, but they most certainly can tell you where their own personal accounts are at.
But Dung is a clown. He thinks not knowing a single piece of data somehow equates to not caring about what their funds are doing.
Wow. This post says a whole hell of a lot more about you than it does about me.
My point is simple, the fluctuations of the market in and of themselves have little to no impact on the vast majority of the American people. Market fluctuations have no impact whatsoever on their daily lives. That's why people generally have a negative opinion of the economy even when the market is performing relatively well. Look at 2006, for example.
Heres what you said...
"Most people earning $60,000 don't even know the DJIA, let alone give a shit whether it is up or down:"
"...middle income people have 401ks, but they don't really give a shit about the stock market ..."
You're an ass. You asked for some data to support my claim. I provided you with what I could immediately find that supports my assertion that most people don't really give a shit about where the market is. I'm not basing my claim "solely" on that one data point. I'm offering that one data point in support of my assertion.
Hilarious. No, I don't think that. I think that not knowing the value of the market is indicative of not giving a shit about market fluctuations.
I'd also ote also that higher income folks performed better on this metric than lower income folks, while undercuts your jaw-droppingly stupid claim. And I imagine that if there were more income categories as opposed to just $75,000+, we'd see that trend continue as income levels increase.
So you were cutting grass at 10 and Topspin was smoking it!
Chevron must be very insulated from the outside world? I am unsure. Maybe it's different for your finance guys? I really don't know.
But out there for most people, believe me, trust me, everyone knows when the unemployment situation is bad. First of all; raise freezes. Then there are layoffs. Then you get more work because there are less people. You are stressed because you have to work longer and harder and you're not getting a raise, and may even had a pay cut. Then a general atmosphere of "you're lucky to even have a job" permeates the company. And that means taking a lot of shit and getting absolutely nothing, and making sure you smile while you're doing it in case someone in management gets the idea you're not happy, and then you get laid off in the next round because unhappiness leads to less productivity.
I am kinda stunned that no one here has ever been an employee during a recession? Believe me, I am thankful every day that I no longer am subjected to those fluctuations and stresses. But I remember them.
Ahhh, I didn't discover herb till 14
actually I did cut grass before the paper route, though at 10 I probably couldn't even push the lawn mower.LOL.... cutting that kind of grass would have been far more profitable.![]()
No it doesn't moron. It shows that most people can't tell you what the DOW average is at. It says NOTHING about whether or not they could tell you how their 401k has been performing or whether or not they care about the market performance. It is absurdity at its finest.
I am basing it on 15 years in the business. There is no study that I am aware of that says it. But please, continue posting your nonsense about people not caring about their money because they don't know what the Dow is at on a given day. Fucking idiot.
Hilarious. Most people aren't invested in the Dow jones average moron. They are invested in a variety of mutual funds via 401ks and IRAs. Ask them how THEIR portfolios are doing and they will tell you. You fucking idiot.
Again, knowing where the market is at doesn't indicate how much they 'care' about market fluctuations. Those earning $75k.... HALF still had no fucking clue where the Dow average was at and 39% still had no fucking idea where the unemployment rate was at. NOT knowing the numbers doesn't mean they don't care you fucking idiot.
Let's take inventory, shall we. I assert that people earning $60,000 don't really give a shit about the market. You claim that, not only do they give a shit, they care more than high income folks. You dispute the evidence that I point to in support of my assertion, yet offer none to support your facially absurd assertion.
I'm OK with where we are.
Tell us Dung.... do you also assert that people don't give a shit about the unemployment rate?
They didn't know that number either.... and it only changes ONCE A MONTH. Not 20 times a month. So do you believe they don't give a shit about unemployment Dung?
Funny how you skipped over that part of the trashing of your pathetic attempt to justify your absurdity.
No, that's crazy.
No. I know that they do because there is plenty of polling on that issue.
I didn't skip over anything. We know people give a shit about unemployment because we have ample polling evidence that tells us so. We don't have the same information with respect to the market.
What th
42% of them thought it was at 12 or 16% Dung. They don't know where it is at. So obviously by your 'logic' that means they don't care.
Obviously that polling is invalid by the fact they don't know the specific number. Because not knowing the specific number means they don't care. At least according to the 'logic' used by morons.
Obviously those polls are incorrect because people don't know the specific number. They can SAY they care all day long. But if they don't know the specific number, they must really not care. Sorry, but your 'data' and 'logic' have proclaimed it so.
Look, I'm not suggesting that data is perfect. Obviously, it isn't. Quit being a horse's ass. If you have some better data that speaks to the issue, please provide it.
You've been looking at too too many of Signalmankenneth's posts.......
thats all the poor pinhead knows how to post, never once posted an original thought of his own....maybe never had one....
Thats your point ?
Thats a hell of a lot different than whats in bold above.....
What you were really doing is implying the middle class is stupid, ignorant, and below you.....
What you said was "they don't know" and don't "give a shit whether its up of down" and "they don't really give a shit about the stock market"
Thats make you a liar......
But Darla and Onecell will show up to defend your elitist ass .............. "birds of a feather. . ."
Apologizing is what they do....its their mission in life.....