Dow reaches 4 year high, NASDAQ reaches 11 year high

Discussion in 'Politics' started by Chris, Feb 3, 2012.

  1. Chris
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    Chris Gold Member

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    The recovery continues...

    NEW YORK (CNNMoney) -- U.S. stocks rallied Friday, as investors cheered a much stronger-than-expected jobs report.

    The Dow Jones industrial average (INDU) gained 157 points, or 1.2%, the S&P 500 (SPX) added 19 points, or 1.5%, and the Nasdaq composite (COMP) increased 46 points, or 1.6%.

    The rally pushed pushed the Dow, up more than 5% in 2012, to its highest level since May 2008. The Nasdaq, up more than 11% for the year, climbed to its highest level since December 2000. The S&P 500 has gained almost 7% this year, and finished at a six-month high.

    Stock Markets - Feb. 3, 2012 - CNNMoney
     
  2. Chris
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    Chris Gold Member

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    An unexpectedly rosy jobs report set off a chain reaction Friday, upending economists’ gloomy predictions for the coming year, leading to a surge on Wall Street and potentially boggling the political calculus of the 2012 presidential campaigns.

    The surprise — that the unemployment rate had dipped for the fifth straight month, to 8.3 percent — was first reflected in the stock market, where the Dow Jones industrial average soared to its highest mark since the beginning of the financial crisis. The tech-heavy Nasdaq, meanwhile, hit an 11-year high.

    Unemployment report: January job gains have economists rethinking outlooks - The Washington Post
     
  3. Old Rocks
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    Old Rocks Diamond Member

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    Shhhh......... Don't upset the gloom and doom 'Conservatives'. Return to prosperity under our President? Unthinkable.
     
  4. Chris
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    Chris Gold Member

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    The Republicans have nothing left except millions in Super PAC money.

    And I am not sure many billionaires will bet on the Romney gaffe machine.
     
  5. Valerie
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    Valerie Gold Member

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    Yay Wall Street! :thup:


    [​IMG]
     
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  6. Valox
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    Valox Senior Member

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    lol...fucking liberals are so delusional.

    As Wall St. manipulates markets for artificial gains while the rest of the country struggles, you celebrate?

    I thought liberals were against class warfare where the rich are getting rich while working class Americans struggle, but I guess not. They are Wall St whores, like Holder and Obama.
     
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  7. Dr.House
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    Dr.House Lives on in syndication!

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    All those poor people who own stock should be happy about this....
     
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  8. CausingPAIN
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    CausingPAIN BANNED

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    hahaha blame Pres, Obama!
     
  9. Old Rocks
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    Old Rocks Diamond Member

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    I am! I am! Whoops, forgot, I am the person you all love to hate. A middle income blue collar. LOL
     
  10. Valerie
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    Valerie Gold Member

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    :eek: Obama taking CREDIT for evil Wall Street...? Unthinkable!
     
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