Dow average closes above 16,000 for the first time

[Sallow]

This is historic.

President Obama has presided over a Market that when from less than 8K to 16K.

Dow average closes above 16,000 for the first time
Dow Jones industrial average closes above 16,000 for the first time as job news lifts market

NEW YORK (AP) -- The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher.

Applications for unemployment benefits dropped last week to the lowest level since September. The number of applications is close to where it was before the Great Recession.

The Dow rose 109 points, or 0.7 percent, to 16,010 Thursday.

The Standard & Poor's 500 rose 14 points, or 0.8 percent, to 1,795. The Nasdaq composite rose 47 points, or 1.2 percent, to 3,969.
Dow average closes above 16,000 for the first time - Yahoo Finance

 

[Warrior102]

Obama presides over the NYSE now?

 

[Sallow]

Obama presides over the NYSE now?

Naw..that's Dunkin' Drunkin' Duncan.

That man can tie one on and still show up for a photo op.

Even if he's all red faced..

 

[Warrior102]

I don't understand the Obama/NYSE connection...
Sorry....

 

[Sallow]

No worries.

Still 16K ain't bad.

My 401K is doing well again.

Even if I had to mine it for a year.

 

[Warrior102]

Me too...

 

[CrusaderFrank]

Where's OWS?

 

[RoadVirus]

It's above 16,000 because the Fed is feeding it money. What happens when that money get's cut off? Down down down down it goes.

 

[BDBoop]

This is historic.

President Obama has presided over a Market that when from less than 8K to 16K.

Dow average closes above 16,000 for the first time
Dow Jones industrial average closes above 16,000 for the first time as job news lifts market

NEW YORK (AP) -- The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher.

Applications for unemployment benefits dropped last week to the lowest level since September. The number of applications is close to where it was before the Great Recession.

The Dow rose 109 points, or 0.7 percent, to 16,010 Thursday.

The Standard & Poor's 500 rose 14 points, or 0.8 percent, to 1,795. The Nasdaq composite rose 47 points, or 1.2 percent, to 3,969.
Dow average closes above 16,000 for the first time - Yahoo Finance

That's amazing. And if all things under the sun are his fault - then all good is to his credit.

That's how logic works.

 

[HenryBHough]

Actually the real Dow is down below 9,000. The inflated figure originated from a White House press release and the lamestream parrotted it as required.

 

[Rozman]

Stock market doing well = robust economy.
Robust economy = Obama did it.

Liberal math....

 

[Toro]

Hooray for money printing!

 

[Rozman]

Just wait till the bubble bursts...
As soon as the Fed starts hinting about cutting back a dime of the money they are propping
up the market....

Well I will call my broker and tell him to sell everything I have and hope I get out before the crash.