S&P 500 has its highest close in 4 years

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

  1. Chris
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    Chris VIP 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. occupied
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    occupied Silver Member

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    Great, can't help but wonder where and when the next bubble will pop.
     
  3. Trajan
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    Trajan conscientia mille testes Staff Member

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

    the 1% rides!!!!!!!!!!!!!!
     
  4. Chris
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    Chris VIP Member

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    Gold.
     
  5. occupied
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    occupied Silver Member

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    Ah yes, the terrified gold market, that has been hyped to insane levels hasn't it?
     
  6. Chris
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    Chris VIP Member

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    It's obvious.

    Thanks, Glenn Beck.
     
  7. BreezeWood
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    BreezeWood Senior 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. Ernie S.
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    Ernie S. Gold 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. 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. CrusaderFrank
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    CrusaderFrank Gold 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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  11. Ernie S.
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    Ernie S. Gold Member

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    Sorry our Social Security is paying interest to China.
     
  12. whitehall
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    whitehall Gold Member Supporting Member

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    You really have to wonder about the pi-polar relationship the left has with the private sector. You have the "occupy" movement and the hatred of Wall Street and the promotion of socialism and then they turn around on a dime and celebrate when the S&P struggles to get to where it was during the Bush administration.
     
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  13. Listening
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    Listening Gold Member

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    What's to wonder about ?

    They are a bunch of whiney unprincipled lemmings who run from place to place looking for the next insect sandwich.

    I enjoy watching Al NotSoSharpton on MSNBC. It's a real testament (pardon the pun there reverend with a girlfriend) to just how bad things are. His show does not even pretend to be smart. He just pulls on ass kissing guest after ass kissing guess and they give each other electronic oral excitement for 60 minutes. The commercials are the smartest thing about the show.

    So no....there is nothing to wonder about.
     
  14. Toro
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    Toro Gold Member

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    Yes.

    It would clear up our funding problem.
     
  15. Toro
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    Toro Gold Member

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    Wh...wut?
     
  16. CrusaderFrank
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    CrusaderFrank Gold Member

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    It would add 5% to the GDP Annually and keep us from the inevitable revolution once people realize the system really is broke
     
  17. PredFan
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    PredFan Gold Member

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    So Wall Street are friends of the left now?
     
  18. Old Rocks
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    Old Rocks Gold Member

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    If it had done poorly, it would have been 'because of', no matter what the external factors. Now that it has done well, it is 'in spite of', no matter what the President has done.
     
  19. Old Rocks
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    Old Rocks Gold Member

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    Never mind, it's Ernie.:eusa_eh:
     
  20. Old Rocks
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    Old Rocks Gold Member

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    Ah, Frankie Boy, the poster child 'Conservative'. Hoping for bad times for us all, then a Civil War. Such wonderful ambitions for his fellow American Citizens.
     

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