Latest Breaking News

Purveyor

(29,876 posts) Fri Feb 1, 2013, 05:24 PM Feb 2013

Dow Ends Above 14,000 For 1st Time Since Oct 2007

Source: Associated Press

NEW YORK — The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy.

Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day. The other major stock indexes also rose.

--CLIP
The government jobs report that pushed stocks forward was mixed. The U.S. said it added 157,000 jobs in January, in line with expectations. But unemployment inched up to 7.9 percent.
Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.

Read more: http://www.ajc.com/ap/ap/automotive/dow-ends-above-14000-for-1st-time-since-oct-2007/nWC9X/

Whoop-fn-wee! Gasoline is 3.79g, hamburger 4.00 and property taxes increased by $135!!!
[P]
Yeeeehaw!

13 replies

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Highlight:

Dow Ends Above 14,000 For 1st Time Since Oct 2007 (Original Post) Purveyor Feb 2013 OP

Damn you Obama! SCVDem Feb 2013 #1

Obama is a Communist and an atheist Muslin! Kingofalldems Feb 2013 #2

ACORN manipulated the DOW!!!! JoePhilly Feb 2013 #3

But, but, but -- that Kenyan socialist wrecked Wall Street! Capitalism is gone! Hekate Feb 2013 #4

And yet the repukes keep beating the drum that albear Feb 2013 #5

speculators are jacking it up for a big fall, when they will reap huge profits nt msongs Feb 2013 #6

I hope people think real hard before falling for the hype magic59 Feb 2013 #7

I believe the technical term newblewtoo Feb 2013 #8

I think it is indeed time to take profits and run. Of course this from one who had his clock cleaned Purveyor Feb 2013 #10

It's why I'm still mostly in bonds, money market, and cash. davidwparker Feb 2013 #12

It's that damn Fascist/Communist President we've got. another_liberal Feb 2013 #9

Now if we can get official unemployment below 7%.... steve2470 Feb 2013 #11

Dollar is high and DOW is up cosmicone Feb 2013 #13

SCVDem

(5,103 posts)

1. Damn you Obama!

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 05:31 PM

Feb 2013

As if I need it.....

Kingofalldems

(38,461 posts)

2. Obama is a Communist and an atheist Muslin!

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 05:56 PM

Feb 2013

JoePhilly

(27,787 posts)

3. ACORN manipulated the DOW!!!!

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 05:57 PM

Feb 2013

Hekate

(90,737 posts)

4. But, but, but -- that Kenyan socialist wrecked Wall Street! Capitalism is gone!

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 06:04 PM

Feb 2013

albear

(33 posts)

5. And yet the repukes keep beating the drum that

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 06:31 PM

Feb 2013

President Obama is single handedly killing our economy!

Hillary Clinton 2016!!!!

msongs

(67,421 posts)

6. speculators are jacking it up for a big fall, when they will reap huge profits nt

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 06:56 PM

Feb 2013

magic59

(429 posts)

7. I hope people think real hard before falling for the hype

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 07:02 PM

Feb 2013

Its another bubble waiting to deflate. What goes up always goes down.

newblewtoo

(667 posts)

8. I believe the technical term

Reply to magic59 (Reply #7)

Fri Feb 1, 2013, 07:27 PM

Feb 2013

Sucker Rally applies.

Purveyor

(29,876 posts)

10. I think it is indeed time to take profits and run. Of course this from one who had his clock cleaned

Reply to magic59 (Reply #7)

Fri Feb 1, 2013, 07:54 PM

Feb 2013

with the 'tech bubble'...seriously cleaned.

davidwparker

(5,397 posts)

12. It's why I'm still mostly in bonds, money market, and cash.

Reply to magic59 (Reply #7)

Fri Feb 1, 2013, 09:33 PM

Feb 2013

I do have stock, but until real employment comes back, it's more smoke and mirrors than usual.

another_liberal

(8,821 posts)

9. It's that damn Fascist/Communist President we've got.

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 07:31 PM

Feb 2013

What did you think would happen? He doesn't know the first thing about running a business! Just look at what he's done to the economy . . .

I mean the economy other than the Stock Market and job creation, of course.

steve2470

(37,457 posts)

11. Now if we can get official unemployment below 7%....

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 09:23 PM

Feb 2013

investors might REALLY be happy.

cosmicone

(11,014 posts)

13. Dollar is high and DOW is up

Reply to Purveyor (Original post)

Fri Feb 1, 2013, 10:46 PM

Feb 2013

primarily due to European money. Europeans don't trust their economies and are heavily investing in US currency and markets. If Europe goes away from austerity and starts a stimulus program instead, the money will change directions just as fast.

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