Dow in positive territory for the year

Discussion in 'Stock Market' started by Chris, Jun 12, 2009.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney.com) -- Stocks churned Friday, at the end of a mixed week on Wall Street, that nonetheless left the Dow industrials in positive territory for the year for the first time since January.

    The Dow Jones industrial average (INDU) gained 28 points, or 0.3%, ending above its 2008 close of 8,776.39.

    The Dow has now risen in 12 of the last 14 weeks, rising 33% in that time, for its best 14-week stretch since March 1975, according to Dow Jones.

    CNNMoney.com Market Report - Jun. 12, 2009
     
  2. STAND4LIBERTY
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    STAND4LIBERTY Independent Libertarian

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    Ladies and gentleman I present to you... the next greater fool..... BUY, BUY, BUY.. because the smart money needs to give you a nice hair cut to make all that money the gub'ment managed to evaporate in it's latest round of central planning fiasco's back.

    Please, no one in their right mind buys that because the DOW (a basket of 30 stocks) is back to where it was 6 Months ago after a nearly a 30% decline from it's previous 52 week high is any indication that the Obama spending spree is "working", it's called a head fake rally and it's designed to separate suckers from their money. :cool:
     
  3. Chris
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    Chris Gold Member

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    Ever heard of the Buffet meter?
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Ever heard of the dead cat bounce?
     
  5. driveby
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    driveby Gold Member

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    The Stimulus is clearly working !!

    It only took a little over a trillion dollars to get the Dow back above 8,000 ..... :lol:
     
    Last edited: Jun 13, 2009
  6. Toro
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    Toro Diamond Member

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    I'll bet any amount of money that stocks do better under Obama than under Bush.
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    "Better" as defined how??
     
  8. Full-Auto
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    Full-Auto Gold Member

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    I'll bet any amount of money that stocks do better under Obama than under Bush.


    I see you have little knowledge of real history.


    When I can post links I will be happy to school you.
     
  9. Toro
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    Toro Diamond Member

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    The return from the stock market will be greater under Obama than under Bush.
     
  10. elvis
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    elvis BANNED Supporting Member

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    assuming there isn't another 9/11, worldCom, enron, and bank failures from the Glass Steagall repeal.
     

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