Dow reaches 52 week high

Discussion in 'Current Events' started by Chris, Nov 9, 2009.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney.com) -- Stocks rallied Monday, with the Dow industrials surging to a 52-week high, after the Group of 20 said over the weekend that it would keep economic stimulus in place.

    The Dow Jones industrial average (INDU) soared 151 points, or 1.5%, hitting its highest intraday level in more than a year. About 2 hours into the session, 28 of the 30 blue-chip index's components were higher.

    The S&P 500 (SPX) gained 17 points, or 1.6%, and the Nasdaq composite (COMP) rose 30 points, or 1.4%.

    Finance ministers of the G-20 met over the weekend and pledged to continue government aid. The dollar fell sharply against the euro and British pound, while commodities and commodity-linked stocks rose.

    "Stocks and commodities are happy that G-20 will maintain stimulus," said Art Hogan, chief market strategist at Jefferies & Co. "Across the board, it's definitive that commodities are showing signs of strength."

    CNNMoney.com Market Report - Nov. 9, 2009
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    SHHhhhhhhhhh !

    No economic good news allowed on this message board.

    The economy is going to fail under Obama and we will accept no news to the contrary. You are allowed to post unemployment numbers but Dow Jones numbers are strictly prohibited. watch the following posts and see for yourself
     
  3. Chris
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    Chris Gold Member

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    I think I read somewhere that there is $3 trillion dollars parked in Treasuries.

    So the market could go a lot farther.
     
  4. Missourian
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    Missourian Gold Member

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    So the Wall St. fat cats that the left loathes are getting rich again while the working class contends with 10.2 % unemployment.

    Thanks for the update Chris.
     
  5. user_name_guest
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    user_name_guest Member

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    Yay. The rich get richer. And if the rich fails, let's bail them out for good times. Forget unemployment, we saved jobs!
     
  6. mal
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    mal Diamond Member

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    I have Regained ALL of my Losses in my Funds...

    Bought ALL Kinds of Cheap while it was Down.

    Then again I'm 38 so my Window is MUCH Wider than some who Lost a LOT More and don't have the Time to get it back.

    :)

    peace...
     
  7. uptownlivin90
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    uptownlivin90 Rebelious Youngin

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    Turns out "the left" isn't so happy about it either.
     
  8. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    How many retired Americans have their money invested in stocks, 401Ks, retirement funds?

    A booming market helps all Americans
     
  9. Chris
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    Chris Gold Member

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    All Americans except the the Republican Party!
     
  10. Old Rocks
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    Old Rocks Diamond Member

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    And I am 66 now. Pulled out of the market about 14 months ago. But that did nothing at all for the real estate I own. None under water, but worth far less than they were two years ago. Hoped to retire this month. Not possible right now.
     

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