Dow Rises to Highest Finish of the Year

Discussion in 'Current Events' started by Modbert, Jul 30, 2009.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    CNNMoney.com Market Report - Jul. 30, 2009

    NEW YORK (CNNMoney.com) -- Stocks surged Thursday, hitting their highest levels in nearly 9 months, as investors eyed the latest batch of better-than-expected profits and forecasts and a report that suggested the labor market is starting to stabilize.

    But wait, I thought all these people said because of Obama this recession is going to last 20 years. :eek:

    So what this news mean to you? Reactions? Thoughts?
     
  2. Mad Scientist
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    Mad Scientist Feels Good!

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    Yes the market is making money. That means stock traders as well as some institutions (companies) are making money. When you see companies start hiring people then I'll believe the recession is over.
    If you do a little research Rob, and I mean a little, you'll see that some people are predicting a jobless recovery! Meaning companies will resume profit making but not hire much.

    So what this news mean to you? Reactions? Thoughts?
     
    Last edited: Jul 30, 2009
  3. Oddball
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    Oddball BANNED Supporting Member

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    First of all, the profits are in terms of an inflated USD, so the value of the rise is somewhat dubious.

    Secondly, congress is about to go on recess, so anyone would be somewhat optimistic in their trades.
     
  4. Just A Man
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    Just A Man Member

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    The DJIA was at 14,164. Until it gets back to that mark "it's down".
     
  5. edthecynic
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    edthecynic Censored for Cynicism

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    Of course, during the jobless recovery of the Bush II administration, the rising stock market was the most important factor for future growth.

     
  6. edthecynic
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    edthecynic Censored for Cynicism

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    You can always tell the Ditto-Dopers mindlessly parroting their programming. :cuckoo:

     
  7. Just A Man
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    Intelligent minds use facts to support their opinions, the rest resort to name-calling because they can't compose a cogent thought -- LOL
     
  8. hjmick
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    hjmick Gold Member

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    Wow, nice to see the Bush TARP program bailout is finally starting to work. :cool:
     
  9. Alpha1
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    Alpha1 NAVY

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    Buy now laddie....sell your house and car and buy stock....:lol:
     
  10. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Nothing is getting better. That is if you have money to invest in CD's. In my part of the world, the best rate I can get on a CD is 2.5%. When the rates for what the banks will pay for a CD increases, I will believe the economy is getting better. Until then, it sucks. I wouldn't invest any money on any stock or mutual fund if they put it in writing that I would make a profit. Don't be so easily fooled. Nothing is getting better really. Ask all the unemployed guys around here.
     

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