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View Full Version : Dow Jones Industrial Average Closes at 10,015.86 GDG



EdA
10-14-2009, 06:05 PM
NEW YORK (CNNMoney.com) -- The Dow industrials closed above 10,000 Wednesday, ending at the key psychological milestone for the first time in more than a year, following upbeat profit reports from Intel and JPMorgan Chase.
The Dow Jones industrial average (INDU (http://money.cnn.com/quote/quote.html?symb=INDU&source=story_quote_link)) rose 145 points or 1.5%, according to early tallies, finishing at its highest point since Oct. 3, 2008, when it closed at 10,325.38.

Ken Guthrie
10-14-2009, 06:07 PM
Sweet.

Everyone go spend some money.

Consumer confindence is back.

Brent Keever
10-14-2009, 06:23 PM
Dam just when its ok to spend some money I dont have any.

Ken Guthrie
10-14-2009, 06:28 PM
Dam just when its ok to spend some money I dont have any.

Huh?

You didn't save your stimulous package?

Sabireley
10-14-2009, 06:50 PM
... following upbeat profit reports from Intel and JPMorgan Chase...

Aren't those the windfall profits we have been hearing about?

Steve

Mike W.
10-14-2009, 07:10 PM
It's incredible what's happened in the last 52 weeks.

I feel like the drama critic who wrote:

"I would have enjoyed the play had I not had such an unfortunate seat, it faced the stage."

Bruce MacPherson
10-14-2009, 07:58 PM
The good news, this is business, the private sector, doing what it has to do to keep solvent and functioning. Basically cut costs and try to function at maximum efficiency. The government should take their lead. What are the odds that's going to happen?

Granddaddy
10-14-2009, 08:26 PM
The good news, this is business, the private sector, doing what it has to do to keep solvent and functioning. Basically cut costs and try to function at maximum efficiency. The government should take their lead. What are the odds that's going to happen?

zero............:(

dnf777
10-14-2009, 09:33 PM
The good news, this is business, the private sector, doing what it has to do to keep solvent and functioning. Basically cut costs and try to function at maximum efficiency. The government should take their lead. What are the odds that's going to happen?

Its always easier to spend someone else's money! ;-)

DeWitt Boice
10-15-2009, 12:50 AM
13 months ago it closed over 11,000

Jim Pickering
10-15-2009, 07:33 AM
13 months ago it closed over 11,000

24 months ago on Oct 8, 2007 the DJIA closed at 14,093.

To put this event in some prospective the DJIA first closed above 10,000 in 1999, about 10.5 years ago. Some of the buy and hold long term stock investors should be close to getting even again.

The question is, where does it go from here? Time to get in or out?

twall
10-15-2009, 11:39 AM
The question is, where does it go from here? Time to get in or out?

Jim,

At first I thought of a line from a Grateful Dead song. But, then realized it doesn't apply either..."I may be going to hell in a bucket, but at least I'm enjoying the ride." I don't think many are enjoying this ride.

Tom

Uncle Bill
10-15-2009, 12:06 PM
This is a game of musical chairs. I can only hope most of you are playing with the 'casinos' money, and not your original 'investment'.

Since pre-historic times and before, (just for your benefit Keith);-)... we have learned big bubbles require big corrections. If you believe we have had that big correction, then by all means stay comfortably "all-in" as the hold-em crowd is fond of doing. But, like the hold-em gamble, this is not much different. Don't confuse it with 'investing'. Only Wall Streeters use that terminology. You won't find it in the lexicon of the day traders.

Keep those stop-loss margins snug....so you won't become fodder for the Street when the 'other' shoe drops.

Of course this is JMHBFWDAO.

UB