Stocks hit three year highs

[Chris]

NEW YORK (CNNMoney) -- U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence.

The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, and the Nasdaq Composite (COMP) added 22 points, or 0.8%. Both the Dow and the S&P climbed to their highest levels since June 2008, while the tech-heavy Nasdaq closed at its highest mark since October 2007.

Market Report - Apr. 26, 2011 - CNNMoney.com

 

[Mr. H.]

Nobody's investing in economic activity. Just dumping money in the stock market and commodities.

 

[theHawk]

Gee, this has nothing to do with the dollar losing its value.

Nothing is wrong with the Hussein Economy folks, all is great, the stock market is up, move along...move along.

 

[Mr. H.]

Gee, this has nothing to do with the dollar losing its value.

Nothing is wrong with the Hussein Economy folks, all is great, the stock market is up, move along...move along.

Be careful as you pass...

[ame=http://www.youtube.com/watch?v=UeQsZOQqO6I]YouTube - Emerson, Lake & Palmer - Karn Evil 9[/ame]

 

[william the wie]

It all fall down come July - Sept. in the interval between QEII and QEIII

 

[SFC Ollie]

And my fixed income buys less and less.......

And where's the jobs?

 

[Sallow]

Nobody's investing in economic activity. Just dumping money in the stock market and commodities.

When was that different?

Oh yeah..during the Clinton administration when people were doing startups and cash equities were all the rage.

 

[william the wie]

And my fixed income buys less and less.......

And where's the jobs?

No offense, dad was on 50% disability pension from the Navy during the 70s inflation, but you are SOL.

 

[Mr. H.]

It all fall down come July - Sept. in the interval between QEII and QEIII

Along with commodities.

 

[iamwhatiseem]

These son of a bitches need to be publicly hanged after the stock market crashes again soon.
This is beyond insanity. The markets are just a stones throw from reaching all time highs - it is BETTER today than prior to the crash (average).
This is a total fabrication.
Ist quarter industry reports are coming out - and despite whatever the OP read - most of the news is not good. (unless you sell gas or invest in the stock market)
Housing prices have fallen 5 straight months.
Food prices - all time high
Gas prices - all time high
Jobless claims - up
Government dependency programs - highest since the depression.
Business mergers/closures/aquisitions are insane right now.

And yet..the "Teflon Dow" parade continues.

 

[Jos]

When the private bank AKA the federal reserve is allowed to print up the paper money by 100% stands to reason stocks go up, the knock on effect is that goods will also play catch up, look for the things you need to increase in cost by 100% too

 

[william the wie]

These son of a bitches need to be publicly hanged after the stock market crashes again soon.
This is beyond insanity. The markets are just a stones throw from reaching all time highs - it is BETTER today than prior to the crash (average).
This is a total fabrication.
Ist quarter industry reports are coming out - and despite whatever the OP read - most of the news is not good. (unless you sell gas or invest in the stock market)
Housing prices have fallen 5 straight months.
Food prices - all time high
Gas prices - all time high
Jobless claims - up
Government dependency programs - highest since the depression.
Business mergers/closures/aquisitions are insane right now.

And yet..the "Teflon Dow" parade continues.

The Fed knows how to destroy wealth through asset inflation and that is all that it knows how to do so what else can be expected.

 

[Chris]

NEW YORK (CNNMoney) -- Stocks posted gains Friday to finish their best month this year, as investors got a confidence boost from strong earnings out of Caterpillar.

"The market feels a little on the high side, but these good earnings figures are keeping stocks slowly moving higher," said Frank Davis, director of sales and trading at LEK Securities.

The Dow Jones industrial average (INDU) rose 47 points, 0.4%, to finish at 12,811, closing at a fresh multi-year high. The Dow ended the week up 2.4% and finished the month with a gain of 4.3%.

Economic bellwhether Caterpillar (CAT, Fortune 500) helped lift the Dow, after the company said its bottom line got a boost due to strong demand for bulldozers and other heavy machinery. Shares closed up 2.5%.

Market Report - Apr. 29, 2011 - CNNMoney.com

 

[expat_panama]

Free markets. What's not to like?

 

[Mad Scientist]

NEW YORK (CNNMoney) -- U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence.

The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, and the Nasdaq Composite (COMP) added 22 points, or 0.8%. Both the Dow and the S&P climbed to their highest levels since June 2008, while the tech-heavy Nasdaq closed at its highest mark since October 2007.

Market Report - Apr. 26, 2011 - CNNMoney.com

That'll end in June when the Fed is finished with QE II.

 

[editec]

These son of a bitches need to be publicly hanged after the stock market crashes again soon.
This is beyond insanity. The markets are just a stones throw from reaching all time highs - it is BETTER today than prior to the crash (average).
This is a total fabrication.
Ist quarter industry reports are coming out - and despite whatever the OP read - most of the news is not good. (unless you sell gas or invest in the stock market)
Housing prices have fallen 5 straight months.
Food prices - all time high
Gas prices - all time high
Jobless claims - up
Government dependency programs - highest since the depression.
Business mergers/closures/aquisitions are insane right now.

And yet..the "Teflon Dow" parade continues.

Have NO FEAR.

Corrections will be made.

 

[Truthmatters]

I remember a few years ago when people like me were warning that the subprime thing would explode in our faces if it was not curtailed.

The right would heap scorn and then point to the dows high level.

Why are they not seeing it that way anymore?

 

[SFC Ollie]

I remember a few years ago when people like me were warning that the subprime thing would explode in our faces if it was not curtailed.

The right would heap scorn and then point to the dows high level.

Why are they not seeing it that way anymore?

A few years ago your own Mr Frank was defending the sub-prime loans and Fanny and Freddie.

 

[whitehall]

A "three year high" ain't that good. It takes us back to Bush's last year when democrats were conspiring to undermine the entire economy. What did the chairman of the house banking committee say? Barney Frank said he had ideological blinders on. It means that democrats thought the collapse of Fannie Mae would be the means that justified the end of capitalism. The stock market will always struggle up a couple of points but unemployment is still around 9% and an honest 15% in some areas and the cost of fuel will cause the Obama misery index to increase while he tells Americans to go to hell.

 

[SFC Ollie]

The United States Misery Index By Year