Dow Jones Breaks Record - 11,727.66

Discussion in 'Economy' started by KarlMarx, Oct 3, 2006.

  1. KarlMarx
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    KarlMarx Senior Member

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    And they did it without the Clintons!!!!
     
  2. JeffWartman
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    JeffWartman Senior Member

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    Let's keep this confidence up and sustain our economy right now. Changes could be made to our current economic policy, but there's no doubt we are closer to the right track than the wrong track.
     
  3. KarlMarx
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    KarlMarx Senior Member

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    Closed at 11,850.61 --- another record!
     
  4. onedomino
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    onedomino SCE to AUX

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    Karl, I am no fan of the Clintons, but let's keep the preformance of our current President and Congress in perspective: the stock market is finally back to where it was when Clinton was in office nearly 7 years ago. The economic performance of this President, and the Congresses associated with his time in office, has been dismal. Think about it: during the past six years, having money invested in broad based equity funds (in which millions of Americans participate) has been the equalivant to stuffing that money under your mattress.
     
  5. Annie
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    Annie Diamond Member

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    Agreed:

    http://biz.yahoo.com/ap/061004/wall_street.html?.v=37


     
  6. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    http://dailyreckoning.com/Issues/2006/DR100506.html
     
  7. KarlMarx
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    KarlMarx Senior Member

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    True, I agree. Crediting the present administration for the present performance of the stock market is silly. Just as silly as crediting the Clinton Administration with the stock market performance of the 1990s.In the 1990s, I remember the libs crowing about "the Clinton economy".
     
  8. gonegolfin
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    gonegolfin Member

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    Not to mention that if truthful price inflation numbers were used, the DOW would be more than 20% off of its inflation adjusted high. Priced in other currencies, it is even worse.

    Additionally, the Dow is hardly a broad-based measure of the equity markets.

    Brian
     

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