S&P 500 has its highest close in 4 years

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

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    22,920
    Thanks Received:
    1,899
    Trophy Points:
    138
    Location:
    Virginia
    Ratings:
    +1,917
    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
     
    • Thank You! Thank You! x 1
  2. occupied
    Offline

    occupied Gold Member

    Joined:
    Nov 8, 2011
    Messages:
    10,081
    Thanks Received:
    1,253
    Trophy Points:
    190
    Ratings:
    +1,463
    Great, can't help but wonder where and when the next bubble will pop.
     
  3. Trajan
    Offline

    Trajan conscientia mille testes Staff Member

    Joined:
    Jun 17, 2010
    Messages:
    29,050
    Thanks Received:
    4,749
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,749
    excellent , P&G just announced a layoff and a re-org. I am in the chips!!!!!

    the 1% rides!!!!!!!!!!!!!!
     
  4. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    22,920
    Thanks Received:
    1,899
    Trophy Points:
    138
    Location:
    Virginia
    Ratings:
    +1,917
    Gold.
     
  5. occupied
    Offline

    occupied Gold Member

    Joined:
    Nov 8, 2011
    Messages:
    10,081
    Thanks Received:
    1,253
    Trophy Points:
    190
    Ratings:
    +1,463
    Ah yes, the terrified gold market, that has been hyped to insane levels hasn't it?
     
  6. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    22,920
    Thanks Received:
    1,899
    Trophy Points:
    138
    Location:
    Virginia
    Ratings:
    +1,917
    It's obvious.

    Thanks, Glenn Beck.
     
  7. BreezeWood
    Offline

    BreezeWood VIP Member Supporting Member

    Joined:
    Oct 26, 2011
    Messages:
    3,271
    Thanks Received:
    224
    Trophy Points:
    83
    Ratings:
    +261
    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.
    Offline

    Ernie S. Gold Member

    Joined:
    Nov 14, 2010
    Messages:
    25,021
    Thanks Received:
    4,778
    Trophy Points:
    260
    Location:
    Sweet Home Alabama
    Ratings:
    +5,129
    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
    Offline

    Listening Gold Member

    Joined:
    Aug 27, 2011
    Messages:
    13,244
    Thanks Received:
    1,427
    Trophy Points:
    205
    Ratings:
    +1,550
    Isn't it great that the market is so robust in spite of our sitting Idiot-In-Chief.
     
  10. CrusaderFrank
    Offline

    CrusaderFrank Gold Member

    Joined:
    May 20, 2009
    Messages:
    56,500
    Thanks Received:
    8,983
    Trophy Points:
    300
    Ratings:
    +10,035
    That's great Chris, so we should be able to put our Social Security into US Equities, right?
     
    • Thank You! Thank You! x 1
  11. Ernie S.
    Offline

    Ernie S. Gold Member

    Joined:
    Nov 14, 2010
    Messages:
    25,021
    Thanks Received:
    4,778
    Trophy Points:
    260
    Location:
    Sweet Home Alabama
    Ratings:
    +5,129
    Sorry our Social Security is paying interest to China.
     
  12. whitehall
    Offline

    whitehall Gold Member Supporting Member

    Joined:
    Dec 28, 2010
    Messages:
    19,115
    Thanks Received:
    2,304
    Trophy Points:
    245
    Location:
    Western Va.
    Ratings:
    +2,585
    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.
     
    • Thank You! Thank You! x 1
  13. Listening
    Offline

    Listening Gold Member

    Joined:
    Aug 27, 2011
    Messages:
    13,244
    Thanks Received:
    1,427
    Trophy Points:
    205
    Ratings:
    +1,550
    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
    Offline

    Toro Gold Member

    Joined:
    Sep 29, 2005
    Messages:
    33,849
    Thanks Received:
    6,426
    Trophy Points:
    260
    Location:
    The Big Bend via Riderville
    Ratings:
    +6,864
    Yes.

    It would clear up our funding problem.
     
  15. Toro
    Offline

    Toro Gold Member

    Joined:
    Sep 29, 2005
    Messages:
    33,849
    Thanks Received:
    6,426
    Trophy Points:
    260
    Location:
    The Big Bend via Riderville
    Ratings:
    +6,864
    Wh...wut?
     
  16. CrusaderFrank
    Offline

    CrusaderFrank Gold Member

    Joined:
    May 20, 2009
    Messages:
    56,500
    Thanks Received:
    8,983
    Trophy Points:
    300
    Ratings:
    +10,035
    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
    Offline

    PredFan Gold Member

    Joined:
    Oct 13, 2011
    Messages:
    17,905
    Thanks Received:
    2,585
    Trophy Points:
    245
    Location:
    In Liberal minds, rent free.
    Ratings:
    +2,981
    So Wall Street are friends of the left now?
     
  18. Old Rocks
    Offline

    Old Rocks Gold Member

    Joined:
    Oct 31, 2008
    Messages:
    34,279
    Thanks Received:
    3,692
    Trophy Points:
    245
    Location:
    Portland, Ore.
    Ratings:
    +3,911
    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
    Offline

    Old Rocks Gold Member

    Joined:
    Oct 31, 2008
    Messages:
    34,279
    Thanks Received:
    3,692
    Trophy Points:
    245
    Location:
    Portland, Ore.
    Ratings:
    +3,911
    Never mind, it's Ernie.:eusa_eh:
     
  20. Old Rocks
    Offline

    Old Rocks Gold Member

    Joined:
    Oct 31, 2008
    Messages:
    34,279
    Thanks Received:
    3,692
    Trophy Points:
    245
    Location:
    Portland, Ore.
    Ratings:
    +3,911
    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.
     

Share This Page