Dow, S&P 500 close at highest levels in 2 years

Discussion in 'Economy' started by Modbert, Feb 1, 2011.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    Market Report - Feb. 1, 2011 - CNNMoney.com

    Well this certainly looks like good news, least on the surface. Thoughts USMB?
     
  2. uscitizen
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    uscitizen Senior Member

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    More proof of a major jobless recovery. Again, only a much bigger one this time.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Gold: $1,333/oz
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    But, thankfully, inflation is in check. :rolleyes:
     
  4. freeandfun1
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    freeandfun1 VIP Member

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    A result of free money flowing into the system due to QE. Unfortunately, we're entering bubble territory and when it bursts, it won't be pretty.
     
    • Thank You! Thank You! x 1
  5. uscitizen
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    uscitizen Senior Member

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    Yep the vegas style market will not last.
     
  6. freeandfun1
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    freeandfun1 VIP Member

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    A friend of mine grows rice in Texas.... he said last year prices were up 60%. So far this year (a month), they're up 40% and all indications are that prices will again double within the next few months.
     
  7. uscitizen
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    uscitizen Senior Member

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    Hurry quick and put our SS money in there before it crashes.
     
  8. uscitizen
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    uscitizen Senior Member

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    Yep and his inputs will track those percentages pretty well too.
     
  9. Mini 14
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    Mini 14 Senior Member

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    I'm scared shitless of the markets, and have been for 2 years. Had I left my money in, I'd just now be back to where I was.

    Gold and silver have been the ticket for the last 2 years (smartest move of my entire life, and I was scared to death when I pulled the trigger), and will be for the next 2, at least. Buy and hold, and forgetaboutit. Then sell it in a couple of years, and send me a thank you card :)
     
  10. uscitizen
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    uscitizen Senior Member

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    I bought gold eagles for I think it was $533 ea before the fall.
     

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