S&P 500 has its highest close in 4 years

Discussion in 'Stock Market' started by Chris, Feb 24, 2012.

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  1. Feb 24, 2012 #1
    Chris
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    Chris Gold Member

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    The nation’s benchmark stock index closed at its highest level in nearly four years Friday, marking a milestone in the long, slow climb from recession that could help recalibrate a presidential campaign dominated by the economy.

    The S&P 500-stock index closed at 1,365.74, its highest level since June 2008, when the nation was on the brink of the financial collapse that triggered the most severe recession since the Great Depression. The Dow Jones industrial average also topped 13,000 early Friday before closing at 12,982.95. The Dow hasn’t closed above the psychologically signifcant 13,000 level since May 2008, and hit a low of 6,547 on March 9, 2009.

    With rising stocks can go political fortunes - The Washington Post
     
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  2. Feb 24, 2012 #2
    occupied
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    occupied Gold Member

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    Great, can't help but wonder where and when the next bubble will pop.
     
  3. Feb 24, 2012 #3
    Trajan
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    Trajan conscientia mille testes

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    excellent , P&G just announced a layoff and a re-org. I am in the chips!!!!!

    the 1% rides!!!!!!!!!!!!!!
     
  4. Feb 24, 2012 #4
    Chris
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    Chris Gold Member

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    Gold.
     
  5. Feb 24, 2012 #5
    occupied
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    occupied Gold Member

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    Ah yes, the terrified gold market, that has been hyped to insane levels hasn't it?
     
  6. Feb 24, 2012 #6
    Chris
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    Chris Gold Member

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    It's obvious.

    Thanks, Glenn Beck.
     
  7. Feb 24, 2012 #7
    BreezeWood
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    BreezeWood VIP Member Supporting Member

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    The markets seem to be in a Twilight zone - neither up nor down - probably soon to trend downward (Oil).

    ... they have proven recovery is possible if only temporary.
     
  8. Feb 24, 2012 #8
    Ernie S.
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    Ernie S. Platinum Member

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    I got in 2 years ago this month. Bought more in January at $1590. I did sell some silver though. I'm good. Thanks

    [​IMG]
     
  9. Feb 24, 2012 #9
    Listening
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    Listening Gold Member

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    Isn't it great that the market is so robust in spite of our sitting Idiot-In-Chief.
     
  10. Feb 24, 2012 #10
    CrusaderFrank
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    CrusaderFrank Diamond Member

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    That's great Chris, so we should be able to put our Social Security into US Equities, right?
     
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