Dow and Nasdaq reach two year highs

Discussion in 'Stock Market' started by Chris, Nov 3, 2010.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney.com) -- U.S. stocks seesawed Wednesday amid a widely-anticipated Republican victory and the Federal Reserve's announcement of a second round of economy-boosting asset purchases, but managed to end the session with modest gains, pushing the Dow and Nasdaq to their highest levels in over two years.

    The Dow Jones industrial average (INDU) rose 27 points, or 0.2%, to finish at 11,215, the highest since September 2008. The tech-heavy Nasdaq (COMP) increased 7 points, or 0.2%, to close at 2,540, highest since June 2008.

    CNNMoney.com Market Report - Nov. 3, 2010
     
  2. Revere
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    Revere BANNED

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    Wall Street loves to be propped up by the Fed.
     
  3. Toro
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    Toro Diamond Member

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    The government buying assets does wonders to stocks.
     
  4. Mad Scientist
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    Mad Scientist Feels Good!

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    Is that what printing money is called now? "Economy Boosting Asset Purchases"? :lol:

    I hope we're not completely fcuked.
     
  5. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    This action by the Fed could devalue the dollar by 20% over the next few years.

    News Headlines

    Bernanke needs to be fired. Hopefully with Republicans controlling the House Ron Paul will be able to get his audit the Fed bill up for a vote now.
     
  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Why?

    It makes perfect sense. Bush, along with his other messes, handed the Obama administration a 0% interest rate.

    You realize how completely incredibly bad that is?

    Have a look..

    The Fed's Zero Rate Policy Is Destroying America
     
  7. topspin
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    topspin BANNED

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    removal of tax uncertainty will raise the market a lot higher.
     
  8. william the wie
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    william the wie Gold Member

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    I'm riding this bubble.
     
  9. Trajan
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    Trajan conscientia mille testes

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    and of course, why doing anything about it?:rolleyes:


    ....so who owns it now? whats the half life on the bush BS....for christ sakes he just had his first midterm, is he ever going to have to stand tall for anything? by 2012 maybe?
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Well my 401k is still in..

    But I closed my private accounts to re-model.

    Damn.
     

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