Dow Closes on 13,000
- Stock prices were rising strongly on Wall Street on Friday, putting the Dow ever closer to the 13,000 level. The blue chip index soared more than 150 points to reach an all-time trading high above 12,900 and to build upon Thursday's most recent record close. Investors have embraced corporate earnings this week, having had low expectations coming into the reporting period.
Just thought we'd mention it.
Labels: good news
posted by SCC at 12:01 AM
38 Comments:
As long as we keep the rate on capital gains low the market will flourish. And to the demotaxers stop using the phrase pay your fair share. If you want to pay higher taxes feel free. There is not one single law that prevents you from giving more of your money to government. Stop mandating that I give mine.
SCC:
How many stocks are averaged into the NYSE average? Or is this an average value of all stocks combined?
But I guess, during ECON-101, you were too busy coming up with conspiracy theories to pay attention. Do you even know the difference between the S&P, NASDAQ, and the NYSE?
Keep posting your, and others's, drivel. You must be a lackey for the media.
instead of buying that fancy car but that $$$$$$$$$$ into to deferred comp. Retire after 20 years.
Gasoline to be about $5 a gallon by July. Massive shortages and long lines expected. I pity those of you who bought those monster truck/suv's.
Running out of shit to talk about SCC? This isn't SCC material. Trying to start a new platform for the blog? What the FOCK!
WALGREENS KEEP GOING HIGHER!!!! YOU ARE MY FAVORITE STOCK. I LOVE SICK PEOPLE!
How many stocks are averaged into the NYSE average? Or is this an average value of all stocks combined?
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The NYSE is, in fact, all of the stocks that trade on that exchange (about 5,000 I believe). The point that you were trying to make by looking down your nose at the rest of us is that the DOW is only made up of 30 blue chip stocks. However, the rerason these 30 stocks are used is that they are a baromiter of the performance of the rest of the market. The fact is this economy is roaring and you can't admit it. Taxes are down - way down and the market is booming. Perhaps you were not smart enough to have invested in stocks, but those of us who did are smiling. Take a day off of your war protesting or immigration protesting, go to Borders, buy INVESTING FOR DUMMIES and have someone read it do you.
Economies don't need stock markets ... stupid.
"The Dow" is not an indicator for "the economy". "The economy" is helped when jobs are created, people have money in pocket and spend it. "The Dow" is a index of some of the top 30 companies of this country. "The Dow" can increase because one of its companies *cuts* jobs, a good move for that company, that might see an increase in its price per share. However, that job cutting measure is not good for "the economy" as a whole because more citizens are out of work. So "the Dow" can go up while "the economy" goes down. Just becasue "the Dow" went up does not mean "the economy" went up.
Can anyone tell me where the "M3" went to?
Remember when the market fell many lost all their savings in the market! I will keep steady as it goes fixed at a smaller rate but at least it will be there when I retire!
great economy! the average policeman can't afford the average house in chicago.
There is only one way to keep taxes low. Tax the poor. I think it is unconstitutional that they pay little or no taxes. Everyone should pay something, even the poor. Hey, they use the most services, so let them pay for some of it.
This is from Warren Buffett, the premire investor:
"
Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, "I can calculate the movement of the stars, but not the madness of men." If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the fourth law of motion: For investors as a whole, returns decrease as motion increases.
Here's the answer to the question posed at the beginning of this piece: To get very specific, the Dow increased from 65.73 to 11,497.12 in the 20th century, and that amounts to a gain of 5.3 percent compounded annually. (Investors would also have received dividends, of course.) To achieve an equal rate of gain in the 21st century, the Dow will have to rise by Dec. 31, 2099, to -- brace yourself -- precisely 2,011,011.23. But I'm willing to settle for 2,000,000; six years into this century, the Dow has gained not at all.
"
Each time I read your blogs, I can't help but to think "coppers are a bunch of idiots." My goodness,always degrading people as if God himself made him holy. Ridiculous! Give your opinions, but must it be "you're a moron, you're an idiot, black people are stupid...blah blah blah blah." By the way, the Dow is an indicator of how the rich are getting richer. Alot of us can't afford a descent amount of stocks on the DOW.
Anonymous said...
great economy! the average policeman can't afford the average house in chicago.
4/21/2007 03:15:00 PM
ditto.
It is wonderful that the Stock Market is doing so well. As a nation let us all who have gained from this good economy kick in the necessary $$ to fund this war. We went to Iraq, and we are going to let the next generations pay for it. Pitiful.
great economy! the average policeman can't afford the average house in chicago.
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This is not true. The police who spend their money on SUVs, plasmas, latest cell phones and ATVs can't afford the average home. There's no reason that someone making 70K a year can't afford a 300K home.
"The Dow" is not an indicator for "the economy". "The economy" is helped when jobs are created, people have money in pocket and spend it. "The Dow" is a index of some of the top 30 companies of this country. "The Dow" can increase because one of its companies *cuts* jobs, a good move for that company, that might see an increase in its price per share. However, that job cutting measure is not good for "the economy" as a whole because more citizens are out of work. So "the Dow" can go up while "the economy" goes down. Just becasue "the Dow" went up does not mean "the economy" went up.
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But, the economy did go up. Unemployment is down, the DOW is up, the S&P 500 is up, the NASDAQ is up, revenues are up, corporate profits are up, inflation is down and taxes are down.
The NYSE is, in fact, all of the stocks that trade on that exchange (about 5,000 I believe). The point that you were trying to make by looking down your nose at the rest of us is that the DOW is only made up of 30 blue chip stocks. However, the rerason these 30 stocks are used is that they are a baromiter of the performance of the rest of the market. The fact is this economy is roaring and you can't admit it. Taxes are down - way down and the market is booming. Perhaps you were not smart enough to have invested in stocks, but those of us who did are smiling. Take a day off of your war protesting or immigration protesting, go to Borders, buy INVESTING FOR DUMMIES and have someone read it do you.
AMEN TO THAT!
great economy! the average policeman can't afford the average house in chicago.
4/21/2007 03:15:00 PM
The economy is roaring along, especially in a time of war, that's the reaon prices are up, interest rates remain steady, economy good, growth in the real estate market.....
It is wonderful that the Stock Market is doing so well. As a nation let us all who have gained from this good economy kick in the necessary $$ to fund this war. We went to Iraq, and we are going to let the next generations pay for it. Pitiful.
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You don't get to pick and chose which gov. programs you fund. For instance I don't like my money going to buy Nancy Pilosi a 757.
Since the Bush tax cuts have raised revenues to record levels the war as well as most of the deficite will be paid off within 6 years. That's from the liberal Congressional Budget Office.
But I'm willing to settle for 2,000,000; six years into this century, the Dow has gained not at all.
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DOW Jan 1, 2000 about 11,300.... DOW today aproaching 13,000.
You have to get the facts before you start repeating what Barack tells you.
Police officers in general make too much money. They are just a step over armed guards. Give them $15 an hour. Most just drive around for 8 hours doing nothing.
Each time I read your blogs, I can't help but to think "coppers are a bunch of idiots." My goodness,always degrading people as if God himself made him holy. Ridiculous! Give your opinions, but must it be "you're a moron, you're an idiot, black people are stupid...blah blah blah blah." By the way, the Dow is an indicator of how the rich are getting richer. Alot of us can't afford a descent amount of stocks on the DOW.
4/21/2007 05:16:00 PM
Hey if your going to call us idiots, at least learn how to spell it's DECENT not descent. Now who's the idiot mush!
to you econ experts help me out! I am considering investing about $5000 into ford stock. can you experts advise me on whether this is a good move?
I got 100 shares of walgreen in 1/91 for a wedding present. It split 5 times, and not to mention quarterly dividends that were reinvested.
I too love sick people.
Highly recommend the retirement seminar. A wealth of information
Police officers in general make too much money. They are just a step over armed guards. Give them $15 an hour. Most just drive around for 8 hours doing nothing.
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Astronauts too.....they only go into space for a few days every 2 years or so......since they just go for the ride why not pay them $8.00/hr when they're in space....and not sleeping?
Show me a $300,000 house in a good neighbohood and I'll show you a roach that needs needs $100,000 in repairs. There are no deals out there. Every seller thinks it's 2005 still. Get a clue you greedy bitches!
funny
The Standup Economist
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This is not true. The police who spend their money on SUVs, plasmas, latest cell phones and ATVs can't afford the average home. There's no reason that someone making 70K a year can't afford a 300K home.
4/21/2007 07:27:00 PM
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You are obviously stupid. But, this is happening here too. I know you don't know bec you bought your crap shack in Mount Pukewood 12 yrs ago for $95,000 and have no clue about the current market.
'Upside Down' Home Sellers Owe More Than They Get
By Nancy Trejos
Washington Post Staff Writer
Friday, April 20, 2007; Page A01
Jeffrey Taylor and his wife bought their dream home in Purcellville for $538,000 last August. Now they have to sell it because they are getting divorced and neither one can afford the mortgage alone.
The most they could get for it was $430,000. After paying all the real estate commissions and taxes, they will still owe the bank $118,000.
Buy This Photo
A nontraditional mortgage and a prepayment penalty mean Kimberly Pexton and her husband will owe $28,000 at closing. (By Kevin Clark -- The Washington Post)
"Five months later, I lose $100,000," Taylor, a high school teacher, said. "I don't think I can take $100,000 into the stock market and lose it faster."
You don't get to pick and chose which gov. programs you fund. For instance I don't like my money going to buy Nancy Pilosi a 757.
Since the Bush tax cuts have raised revenues to record levels the war as well as most of the deficite will be paid off within 6 years. That's from the liberal Congressional Budget Office.
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It is the first time in our history that we have gone to war, and not asked the nation to make a sacrifice. Two things will change our idiotic foreign policy. A military draft, and a tax policy that requires sacrifice from all Americans.
For the Ford [F] stock invester. Look at the long term price of Ford and realize that in the 80's it went as low as $1.
If you can afford to loose all your investment- go for it.
I personally would say when you double you investment sell half and you have your original investment back.
It is the first time in our history that we have gone to war, and not asked the nation to make a sacrifice. Two things will change our idiotic foreign policy. A military draft, and a tax policy that requires sacrifice from all Americans.
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You must be a liberal because you want everyone ELSE to sacrifice. Why can't you sacrifice?
To 04/22 @09:04 pm. Excellent post, says it all. No mother f**cking body that doesn't have a family member over there is feeling the pain. "Alice Said in a previous post if you didn't buy Halliburton from the get go, shame on you. Alice is a low-life, low level bottom feeder. I think that the bandits who really made out, Cheney and Bush, My God to hear those marvelous and couragous men talk I'm sure had they been in Vietnam we would haav won that baby hands down. OOPS, sorry they didn't know they had a pair big nuts back then. Wow and their buddies get the spoils of war and our children get to pay the bills later.
A nontraditional mortgage and a prepayment penalty mean Kimberly Pexton and her husband will owe $28,000 at closing. (By Kevin Clark -- The Washington Post)
"Five months later, I lose $100,000," Taylor, a high school teacher, said. "I don't think I can take $100,000 into the stock market and lose it faster."
4/22/2007 04:28:00 PM
Here is a perfect example of read and understand the contract before you sign it.
For the Ford [F] stock invester. Look at the long term price of Ford and realize that in the 80's it went as low as $1.
If you can afford to loose all your investment- go for it.
I personally would say when you double you investment sell half and you have your original investment back.
4/22/2007 08:23:00 PM
do you have any good suggestions on another stock that might be better to invest in?
Police officers in general make too much money. They are just a step over armed guards. Give them $15 an hour. Most just drive around for 8 hours doing nothing.
4/22/2007 07:03:00 AM
LMAO
thats right,my brother had the same attitude - yuppie smart ass - but who did he call after the savage nailed him in the head with a hemmer in his own condo parking garage? Me!Momma's number one son! - What use is it making 150K a year if you end up a retard.
Which by you statement it appears you can answer that question my friend.
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