As Some Would Say, Word

Discussion in 'Economy' started by Annie, Sep 27, 2006.

  1. Annie
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    Annie Diamond Member

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    http://today.reuters.com/news/artic...338295_RTRIDST_0_MARKETS-STOCKS-US-EUROPE.XML

     
  2. RyzinEnagy
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    RyzinEnagy Member

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  3. onedomino
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    onedomino SCE to AUX

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    K., while pleased that Wall Street is nearing its all-time high, I would not say its something to write home about. The all-time high was six years ago.
     
  4. Annie
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    Annie Diamond Member

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    I know and am assuming that the economy is not going to keep going up, though the Dow tied the high today, then dropped.
     
  5. KarlMarx
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    KarlMarx Senior Member

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    The all time high for the DJIA was 11,722. Yesterday's close was 11,718.

    Close enough for government work!

    Several years ago, the libs claimed that the Clinton Administration was responsible for the economy of the 1990s. They used the DJIA rising to its all time high as one of their reasons.

    A few years ago, the libs were moaning about Bush's handling of the economy.... I haven't heard that one in a while....
     
  6. Annie
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    Annie Diamond Member

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    Well seems the 'good news' may be better. There are links and charts at site:



     
  7. insein
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    insein Senior Member

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    I guess you just tune them out like me then. They still whine.

    http://www.democrats.us/beta/forum/view_forum.php?id=15
     
  8. LuvRPgrl
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    LuvRPgrl Senior Member

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    Yes , but that high was achieved through speculation on future earnings of .com business which mostly didnt pan out and wound up going belly up. This market high is being achieved on real earnings.

    That market was phenominal, until many people lost fortunes. The two highs are good comparisions. The clinton market was a bunch of smoke and mirrors , celebrations and pomp, and nothing sustainable or real came of it. WHile the Bush market hasnt been heralded so spectacularly, but nontheless, it is built on real wealth, sweat and hard work.
     

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