Posted on 04/26/2007 1:48:37 PM PDT by Ernest_at_the_Beach
Todd Heisler/The New York Times
Traders celebrated at the stock exchange Wednesday. The Dow is up 6 percent for April, its best performance in a single month since December 2003. The Standard & Poor’s 500 index is up 5.3 percent this month.
Far from being the cruelest month, April has turned out to be one of the most profitable in recent memory for investors in the stock market.
The Dow Jones industrial average, the widely followed index of 30 large companies, closed above the 13,000 mark yesterday for the first time and is up 6 percent for the month, its best performance in a single month since December 2003.
The index rose 135.95 points, or 1.05 percent, to 13,089.89. The broader Standard & Poor’s 500-stock index closed up 15.01 points, or 1 percent, to 1,495.42, and is up 5.3 percent for the month.
The rally has been broad and strong and has defied skeptics who thought stocks were due for a harder slog as the economy slows, corporate earnings grow at a less robust pace and the housing market, the engine of the recent expansion, struggles with a glut of unsold properties and problems in the mortgage business. In fact, since Feb. 27, when the Dow dropped more than 400 points because of a market slump in Asia, the index has rebounded 7.2 percent.
While investors say they are keeping an eye on the potential stumbling blocks, Wall Street seems to be far more focused on positive indicators like the announcement earlier this week by I.B.M. that it would spend $15 billion more to buy back its own shares or the $25 billion buyout of Sallie Mae by private equity firms and two big banks.
(Excerpt) Read more at nytimes.com ...
If this had happened under Clinton the MSM would lead the dancing in the streets. But under Bush, they just keep looking for the down side.
Man, do they hate Bush.
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There is a book (now available in paperback ):
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Unholy Alliance: Radical Islam and the American Left
(Hardcover)
by David Horowitz
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And reviews:
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Editorial Reviews
Rich Lowry, Editor National Review
David Horowitz is synonymous with pyrotechnics. A historian and polemicist of the first order, he is paid the ultimate compliment --This text refers to the Hardcover edition.
Davis Hanson, Author, Ripples of Battle
An original look at those who want us to fail in the Middle East, both at home and abroad. The --This text refers to the Hardcover edition.
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See all Editorial Reviews
Fascinating Analysis of Leftist Goals, August 13, 2006
Reviewer: N. Sincerity - See all my reviews
A former 1960s radical, Horowitz is well-acquainted with the Leftist mindset. In this book, he strives to explain the modern alliance between left wing progressivists and radical Islamofascists. He argues that this alliance is based on a common desire to destroy Western capitalism. Leftist sympathy with Islamofascist ideas makes no sense from an intellectual point of view, given that countries ruled by radical Islamists are among the most racist, sexist, theocratic states in the world today. However, Leftists have recognized that they can benefit politically from destructive terrorist attacks on the Western world. A West under attack can be made to turn on its leaders in fear and desperation (as they did in Spain after the Madrid train bombings). Only once people reject current government structures can the Left execute its anti-capitalist revolution and build a new reality that mirrors the Leftist view of utopia.
The complete and utter idealogical hypocrisy of the Islamofascist-Leftist alliance is distressing, but as Horowitz reminds us,
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Very true and it makes me hate them even more. I guess a 1% or less retrun on my money is all a good marxist can allow to the little people.
My own “home town” paper, the South Florida (Ft Lauderdale) Sun Sentinel is in that distinguished group of losers that has had a circulation erosion of a least five percent. They managed to pull off that feat in an area of population growth and increasing affluence. It serves them right for being basically the house organ for the Broward County Democratic Party, and catering to Haitians, queers, poor blacks and hispanics, “single moms”, homeless and other assorted victim groups while ignoring the advertisers’ target audience. The far-left editorial board doesn’t have a clue. As part of the Tribune Company, I expect the Grim (job) Reaper will be visiting the Sun Sentinel’s newsroom and editorial board room soon....
Thanks for that link!
Well, there's their problem. Half their base doesn't read.
It occurred to me on another dinosaur death watch thread that the MSM is reporting a bad economy because their businesses are doing very badly. To those where the winds of change are howling and keeping them hunkered down, it may very well seem like the end of the world because for them it is.
Meanwhile out of their deepening rut the sun is shining brightly and everything is great and getting greater.
Life as a presstitute, both employed and recently fired,must really suck.
I love that chart.....
Take money out of your wallet...now..light it on fire...or buy liberal newspaper stocks.
That's what they really consider "outcome based education!" (remember that screwed up little buzz phrase?)
But, where are awl duh high payin’ factory jahbs were oursourcin’ to red Chaaayyyyna? An unsklled mo-ron like me aint doing too well! /s
I have a fine idea. Now let all stock buyers sell every Soros stock and drive every other liberal billionaire that hates America, into the dumper. Let’s drive down all leftist stocks and Mutual Funds that those well known haters own. What a great testimony to capitalism that would be. Perhaps even the Times would collapse.
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