It’s gone down slightly since breaking the all time closing high, but it’s still a very good sign to see it as high as it is. Flirting with the high set prior to the dot com bubble popping and 9/11.
Me too. It’s good to see we finally made it back to the levels of 1999/2000, coincidentally right before a certain election :tup:
of course, adjusted for inflation, we’re way short of 6 years ago, but still, least the budget is still balanced :biglaugh:
on another note, if you do own stocks be prepared to pull out of them shortly or wait it out for the long haul…the yield curve is still way inverted and the housing market is screwing everything up, we have a recession coming real quick
NEW YORK (CNNMoney.com) – The Dow Jones industrial average rose to its highest level ever Tuesday afternoon, taking out the record trading high hit in January 2000 before stepping back a little, as investors scooped up a variety of shares amid slumping oil prices.
The DOW being up on it’s own like it is, is more of a bad sign than a good sign and is more of a sign of investors lack of confidence in the economy. Look at where the NASDAQ and other indexes are.
Maybe today will make you happier Walter, or are you determined to believe the economy is in bad shape?
Dow set new record, up 123.19 points to 11,850.53
Nasdaq up 47.30 points to 2,290.95
S&P Sets 5 & 1/2 year high at 1,350.21
Sure, the Nasdaq is no where near it’s all time high, but that’s rightfully so. It’s all time high was set when anything with “.com” in it’s name was trading at 100+ a share.
Come on Joe… nothing better than that? I remember your pre-election preditions of you dancing in the street singing “I told you so” when the economy was in the toilet because of this administration.