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Thread: Dow industrials hit new 52-week high

  1. #1
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    Default Dow industrials hit new 52-week high

    Investors were also buying stocks on growing confidence about the global economic recovery, getting a shot of optimism from news this weekend that the Group of 20 countries will keep stimulus measures in place. Investors saw the agreement as a signal that interest rates would remain low. Major stock indexes rose more than 1 percent, including the Dow Jones industrial average, which rose 150 points.

    Market update
    Index
    Last
    Change

    % change
    DJIA10173.21+149.79+1.49%• NASDAQ2143.12+30.68+1.45%• S&P 5001086.18+16.88+1.58%

  2. #2
    Senior Member Steve Amrein's Avatar
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    Is that Bush's fault too
    "Communism only works in Heaven, where they don't need it, and in Hell, where they already have it" Ronald Reagan

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    Of course not. His hero deserves all the credit for the total and complete recovery of the stock market.

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    Quote Originally Posted by Steve Amrein View Post
    Is that Bush's fault too
    It could mean that Obama economics is starting to lift our country out of the ressession slump it has been in. But there is still a long way to go for recovery,

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    what "obama economics" are you referring to?

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    It could mean that space aliens have invaded wall street.
    It could mean that their is a computer glitch and we are actually -10,000.
    It could mean that the economy is following a natural cycle.
    It could mean that Christmas is coming.
    It could mean that it should have happened months ago, but O economics slowed it down.
    It could mean that it's going down tomorrow.
    It could mean that the puppeteer is pulling strings on wall street.
    It could mean NOTHING AT ALL until jobs and confidence come back.


    Coulda woulda shoulda regards,

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    Quote Originally Posted by aandw View Post
    what "obama economics" are you referring to?
    Spending your great grand children's money.


    YOU CAN'T SPEND YOUR WAY OUT OF DEBT.

  8. #8
    Senior Member Pals's Avatar
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    big deal....as was pointed out to me two weeks ago-'one day doth not a market make'.

    Unemployment continues to grow, the dollar is weak and getting weaker and golly gee everyone is so darn optomistic about our economic future. We are facing one of the worst grain harvets in decades, fuel prices will spike thanks to the very large demand to dry the grain. I have customers already being cut off of propane, so the grain will rot. It will be a ripple effect in fuel costs and food costs.

    Anyone seen the price of gold today--interesting isn't it.

    But hey Roger--put all your $$$ in the market and let me know how its going when reality sets in and this pathetically weak "recovery" and anemic economy collide with the gubs brand spanking new spendulous 'health care plan' or lets call it what it really is: a socialist takeover.

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    Senior Member Uncle Bill's Avatar
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    As posted elswhere....Tell us Roger, how's those unemployment numbers showing up? Since you are so mathematically excited about the 52 WEEK HIGH ...count the weeks since the unemployment numbers were this high.

    Oh I forgot. Hypocrites like you are only concerned when YOUR ox is being gored. You couldn't give a FRA about the unemployed, as long as YOU are again making money in the stock market.

    UB
    When the one you love becomes a memory, that memory becomes a treasure.

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    Senior Member Franco's Avatar
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    The current administration is great with smoke and mirrors. They'll say how great they are doing all the way to mid-term elections and many will beleive them!
    It's time we abandon our party affiliations and rather than being good Dems or good Repubs we all become good Americans. MJH345

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