OMG Dow Jones Record High!!
10-03-2006, 03:02 PM
#1
iClub Silver Vendor
Thread Starter
iTrader: (25)
Join Date: Nov 2002
Location: Participating in some Anarchy!
Posts: 15,494
Car Info: 2005 LGT wagon
OMG Dow Jones Record High!!
Originally Posted by Some Liberal Rag
The Dow Jones industrial average surged past its all-time trading high of 11,750.28 today, taking yet another step in its recovery from seven years of market turmoil.
The index of 30 blue chip stocks fell back in later trading but still managed to achieve a record high close.
The index moved into uncharted territory in early afternoon and climbed as high as 11,758.95 before falling back.
It closed at 11,727.34, eclipsing the previous close of 11,722.98. Both records were set on January 14, 2000.
10-03-2006, 05:18 PM
#3
250,000-mile Club President
Join Date: Nov 2002
Location: Bizerkeley
Posts: 4,770
Car Info: MBP 02 WRX wagon
Anybody who ever worked a single day in their life deserves more credit than the smirking chimp called W does
From Reuters:
"It took the Dow Jones industrials nearly seven years to top its last record on Tuesday, but in the eyes of some the new record is "just a number" because slowing economic growth will make future gains even harder to come by.
The 110-year-old Dow <.DJI> rose to 11,758.95, surpassing the intraday record of 11,750.28 set on Jan. 14, 2000, as investors bet on Tuesday that sliding crude oil prices will underpin corporate profits even as economic growth slows.
"It's just a number. It doesn't have the same stocks that it did when it last reached the high and it's not inflation-adjusted,"
So the last time it was this high Bill Clinton was president, and its taken nearly 7 years for this administration to bring us back to that point, wow what an accomplishment!
And look for profit taking tomorrow.....
From Reuters:
"It took the Dow Jones industrials nearly seven years to top its last record on Tuesday, but in the eyes of some the new record is "just a number" because slowing economic growth will make future gains even harder to come by.
The 110-year-old Dow <.DJI> rose to 11,758.95, surpassing the intraday record of 11,750.28 set on Jan. 14, 2000, as investors bet on Tuesday that sliding crude oil prices will underpin corporate profits even as economic growth slows.
"It's just a number. It doesn't have the same stocks that it did when it last reached the high and it's not inflation-adjusted,"
So the last time it was this high Bill Clinton was president, and its taken nearly 7 years for this administration to bring us back to that point, wow what an accomplishment!
And look for profit taking tomorrow.....
Last edited by psoper; 10-03-2006 at 05:22 PM.
10-03-2006, 11:34 PM
#6
250,000-mile Club President
Join Date: Nov 2002
Location: Bizerkeley
Posts: 4,770
Car Info: MBP 02 WRX wagon
Originally Posted by Salty
Economy is doing well.
Outplacement firm Challenger, Gray and Christmas says it's the second straight month of increased job cuts, topping the August tally by 54 percent and the level of a year ago by 40 percent.
The increase was led by the auto industry, which announced nearly 34,000 cuts. That was dominated by suppliers who are starting to feel the effects of the production cutbacks at Ford, General Motors and DaimlerChrysler.
There were also sizable increases in the telecommunications and housing industries.
So far this year employers have announced more than 639,000 job cuts, a drop of 18 percent from a year ago.
10-03-2006, 11:59 PM
#7
VIP Member
iTrader: (14)
Join Date: May 2003
Location: Wherever Sucks the Most
Posts: 8,675
Car Info: 2003 WRX, 2008 Camry
It is. It's easy to find a lot of bad part in the economy in any year. Rates adjust with the bonds, stocks with trends, etc... Heck, if bonds don't do what I want then housing interest rates increase and i'm screwed. Does that mean the economy is bad? The federal reserve had to stimulate the economy back in 1998. So what? American car makers aren’t doing well to their Japanese counterparts for a huge number of reasons, yet you and I drive Subarus. We’re more to blame than Bush in that respect as I’m certain he’s always owned an American car.
With the fall in oil and gas prices I expect it to get much better. People will stimulate the economy once again.
With the fall in oil and gas prices I expect it to get much better. People will stimulate the economy once again.
10-04-2006, 12:03 AM
#8
Registered User
iTrader: (2)
Join Date: Feb 2006
Location: Baja Oregon
Posts: 1,900
Car Info: '05 Impreza Outback Sport ~ "WTF! Two-Toned?"
Originally Posted by Paul@dbtuned
So, who other than Bush can we give the credit to?
10-04-2006, 12:03 AM
#9
VIP Member
iTrader: (14)
Join Date: May 2003
Location: Wherever Sucks the Most
Posts: 8,675
Car Info: 2003 WRX, 2008 Camry
Originally Posted by psoper
"It took the Dow Jones industrials nearly seven years to top its last record on Tuesday, but in the eyes of some the new record is "just a number" because slowing economic growth will make future gains even harder to come by.
You have to appreciate the absurdity behind this quote... If it were to drop at 8000 tomorrow the next story from the WSJ would be how Saturday night specials jam if you press them too hard to the temple.
Last edited by Salty; 10-04-2006 at 12:23 AM.
10-04-2006, 12:10 AM
#10
VIP Member
iTrader: (14)
Join Date: May 2003
Location: Wherever Sucks the Most
Posts: 8,675
Car Info: 2003 WRX, 2008 Camry
Originally Posted by NW OBS
"At least nobody died when Clinton lied." Pass the towel... we have a bit of a mess!
And sorry to hear about your children. How are you and them handling the loss of limbs?
Like this guy: http://greensickle.com/2006/05/fat_lawsuit_1.html
Or maybe this guy? http://www.geocities.com/politicool/marine.jpg
Leave it to a civilian to feel sorry for those that serve. Man, oh man do they hate your sympathy...
10-04-2006, 12:20 AM
#11
Registered User
iTrader: (1)
Join Date: Jul 2006
Location: Mount Vernon, Washington
Posts: 2,106
Car Info: 2002 WRX
Originally Posted by Salty
First of all I don't agree or disagree with Michael Moore because I haven't really looked into his issues but...
Or maybe this guy? http://www.geocities.com/politicool/marine.jpg
...
10-04-2006, 06:57 AM
#13
Originally Posted by psoper
NEW YORK (AP) - Job cuts soared last month, topping the 100,000 mark for the first time since last January.
. . . .
So far this year employers have announced more than 639,000 job cuts, a drop of 18 percent from a year ago.
. . . .
So far this year employers have announced more than 639,000 job cuts, a drop of 18 percent from a year ago.
10-04-2006, 07:04 AM
#14
VIP Member
Join Date: Oct 2003
Location: Detroit, Where the weak are killed and eaten...
Posts: 2,064
Car Info: 02 Impreza WRX Sedan & 2008 GMC Sierra 4x4
It really is a great play on the soldiers part though. The fact that he lost appendeges will garner him sympathy in the courtroom. While I don't agree with the case I won't feel any bit sorry for Moore if he loses and has to pay this guy a substantial sum of money.
10-04-2006, 08:05 AM
#15
Registered User
iTrader: (2)
Join Date: Feb 2006
Location: Baja Oregon
Posts: 1,900
Car Info: '05 Impreza Outback Sport ~ "WTF! Two-Toned?"
Originally Posted by Salty
Oh please.... I liked Clinton but he was no saint either: https://www.i-club.com/forums/showth...hlight=clinton
And sorry to hear about your children. How are you and them handling the loss of limbs?
Like this guy: http://greensickle.com/2006/05/fat_lawsuit_1.html
Or maybe this guy? http://www.geocities.com/politicool/marine.jpg
Leave it to a civilian to feel sorry for those that serve. Man, oh man do they hate your sympathy...
And sorry to hear about your children. How are you and them handling the loss of limbs?
Like this guy: http://greensickle.com/2006/05/fat_lawsuit_1.html
Or maybe this guy? http://www.geocities.com/politicool/marine.jpg
Leave it to a civilian to feel sorry for those that serve. Man, oh man do they hate your sympathy...
Ship the troops back where the belong, into Afghanistan...! The F***ing jerk who DID plan 911 is still alive and we never finished our mission ~ Flatten the SOB's!
Sympathy? Nope ~ it's a volunteer army now. You sign you don't whine. Just would be nice if they were serving a purpose instead of an agenda! I served in Special Ops for 4 duties in VN... please don't preach to me about sympathy ~ oh, and YES the draft got me. I didn't sign in.
Last edited by NW OBS; 10-04-2006 at 08:07 AM.