Dow reaches another 13 month high

Discussion in 'Current Events' started by Chris, Nov 11, 2009.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney.com) -- Stocks ended higher Wednesday, with the Dow industrials finishing at a 13-month high for third straight day, after investor optimism rose on the expectation that interest rates would remain low for some time.

    The Dow Jones industrial average (INDU) gained 44 points, or 0.4%, to end at 10,291.26. The S&P 500 (SPX) ticked up 6 points, or 0.5%, to close at 1,098.51, and the Nasdaq composite (COMP) rose 16 points, or 0.7%, to settle at 2,166.90.

    CNNMoney.com Market Report - Nov. 11, 2009
     
  2. Jon
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    Jon The CPA

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    Funny, ain't it, that the market is back up after only a year? It would be amazing if someone had predicted that, like by saying, "It's just part of a natural economic cycle. It won't last long." I wonder who said that. Maybe I did. Maybe I didn't use doom and gloom to sell my political agenda, like certain people in power.

    Just sayin'. :eusa_whistle:
     
  3. driveby
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    driveby Gold Member

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    Penny candy costs a dollar but the dow is up 10%.........:clap2:
     
  4. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Just wait......
     
  5. Toro
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    Toro Diamond Member

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    In the same way I told the Bush supporters not to trumpet the market's decline in February because they'd wind up looking stupid, I'd be cautious trumpeting the market's ascent to Obama supporters.
     
  6. Yurt
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    Yurt Gold Member

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    chris only mentions the market when its up....

    typical hack behavior
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    Same message, different pom-pom waving party man hacks. :eusa_whistle:
     
  8. Chris
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    Chris Gold Member

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    Confidence in the market is good for all of us.

    Who said anything about Obama?
     
  9. Toro
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    Toro Diamond Member

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    I agree.

    But the market is often moody and ephemeral. I don't much stock in it over the short-term as a barometer of most things economic, except at inflection points perhaps.

    Really, would you have posted this if Bush were still President? Really?
     
  10. KittenKoder
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    KittenKoder Senior Member

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    The market is not effected by the previous day, it's effect by the previous year more than anything .... so ... um yeah ...
     

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