All major US stock indexes post record closes; oil rallies

CNBC ^ | 8/11/2016 | Fred Imbert

[mdittmar]

Stocks closed higher Thursday, with the three major indexes closing at new record highs, amid sharp gains in oil prices and strong quarterly results from retailers.

"I think there are two main drivers here. One of them is oil," said Mariann Montagne, senior investment analyst at Gradient Investments. "The other part is this retail rally."

Thursday also marked the first time since 1999 the Dow, S&P and the Nasdaq posted record closing highs on the same day, according to Bespoke.

[mdittmar]

Party like it's 1999!

buy high,sell low,no,sell high,buy low.

I gotta get some money!

[EagleUSA]

Another load of freshly printed money for the Wall Street bankers???

[faithhopecharity]

there is no real retail rally, just the contrary.
check the news reports.
Macy’s is closing another hundred major stores....after having closed several dozen just a few months ago....

[HiTech RedNeck]

That has to be the stuff that is chasing around in these Wall Street circles. “Average America” is getting leaner and leaner.

[DAVEY CROCKETT]

So retail got a bump off of back to school, it will suck the rest of the year!

[Smittie]

Rising oil costs used to make the market drop..man has the world turned upside down. I guess that’s what happens when the markets are manipulated...

[VTenigma]

When the bubble pops this time, it’s going to be epic.

[mdittmar]

Then it would be time to buy;)

[hillarys cankles]

When the bubble pops this time, it’s going to be epic.

---

When this thing finally fails, its gonna be on a spectacular level.

I remember sitting in my truck listening to the radio during the last massive

decline. It was scary.

[PGR88]

When the bubble pops this time, it’s going to be epic.

I used to think that, but not any more. Its just going to be more QE if necessary, helicopter money, and low rates for decade(s) to come. We've already divorced our situation from reality and fundamental economics, so its rather a political and social issue now.

Instead, think of Japan over the last 25 years. A long, slow grind down, vs. a big crash.

[MarchonDC09122009]

Doom n gloomer - Everything is Awesome! /s ________________________ http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/US-2016-Store-Closings-All-Retail-Chain-Store-Locations-To-Be-Closed.htm US 2016 Store Closings - All Retail Chain Store Locations To Be Closed in 2016 and Beyond: 500   McDonald's 400    Office Depot / Office Max (by 2016) 255      Hancock Fabrics >> Click for All 255 Hancock Fabrics Store Closing Locations >> 223    Barnes & Noble (through 2023) 200    Children’s Place (through 2017) 200    Walgreens (by 2017) 175    Aeropostale (“over the next several years”) 154    Walmart (US 102 Walmart Express, 12 Walmart Supercenter, 6 Walmart, 23 Walmart Neighborhood Market, 4 Sam's Clubs) >> Click for All 2016 Walmart Store Closing Locations >> 150    American Eagle Outfitters (through 2017) 150    Finish Line 140    Sports Authority >> Click for ALL Sports Authority Going Out of Business Sale Locations >> ​120    Chico’s (through 2017) 100    Pier One (through 2017) 100.  Macy's (as of Aug 2016) 80      Kmart >> Click for All 2016 Kmart Final Store Closing Sales >> 74      Ovation Brand Restaurants (Ryan’s, Old Country Buffet, Hometown Buffet, Fire Mountain, Country Buffet) 60      Pier One (fiscal 2016, ending February, 2016) 60      Walmart Brazil 55      Walmart International (Latin America) 54      Golf Galaxy (by 2016) 50     Staples 47      Sports Chalet 42      Joyce Leslie 35      Gap / Gap Kids (2016) 27        Bob Evans 30      Hartstrings (Out of Business) >> Click for All 2016 Store Closing Locations State-by-State >> 20      Deckers 18      Kohl's 15      Sears >> Click for All 2016 Sears Store Closing Locations >> 20      Pick ’n Save (by 2017) 17      Scoop NYC 14      Kitson’s 13      Max & Erma's 13      Target 10      Barnes & Noble (2016 calendar year) 8        Eastern Mountain Sports 7        Cosi 7        JCPenney >> Click for All 2016 JCPenney Store Closing Locations >> 6        Maverik 5        Hallmark 3        Joe Caputo & Sons 3        Martin's Food and Drugstore 2        Earth Fare Organic Market 2        Elder-Beerman (Bon-Ton) 2        Johnny Rockets 2        Maine's Food & Party Warehouse 2        Panda Express 2       Starbucks Click for 2016 Store Closing Index Sorted Alphabetically by Company Name >>

[rockinqsranch]

With every major retailer, and many medium retailers closing so many stores across the nation, and around the World one has to believe this is the answer to why there might be a bump, but under the guise of Back to School. Therefore I believe it’s BS. Manipulation to make the Obama economy look good in favor of Hillary, and the Democrats.

[laplata]

Instead, think of Japan over the last 25 years. A long, slow grind down, vs. a big crash.

---

I tend to agree, if we are lucky. But it will only take one straw to break the camel’s back and then....POP.

[taildragger]

They forgot the 3rd. The anticipation of a Trump Economy. FWIW, the Oshkosh Airshow this year was noticeably upbeat. Could it be people realize the 8 years of the reign of error is almost over and the Trump and his policies will unleash locked up capital? Perhaps....

[VTenigma]

Japan is a pimple on a gnats ass compared to our debt. If I knew 25 years ago this is where we would end up I never would have had kids.

[Organic Panic]

Gird your loins y’all. My customer base is gone. Dried up. And the products I make are not a good sign. Something bad is on the horizon. And it will REALLY hurt if Trump wins. The world elites will make sure to punish Americans for Trump.

[bray]

Anticipation of a trump win!

Pray America wakes

[fortheDeclaration]

Just pumping in the money to keep Hillary in the race.

[Conservative Gato]

Anticipation of a trump win!

Pray America wakes

With the media's negative onslaught all-out-war against Trump, I have my doubts about that.

With the corrupt crony capitalism of Wall St these days, I would say it's more of anticipation of a hilLIARy win.

Hopefully with a Trump win, we will have a much healthier Wall St, based more on true capitalism and not the corrupt crony crap that rewards the district of corruption and their cronies.

Amen, I pray everyday that Americans wake up to the mess we now have and help to correct it.

CGato

[dfwgator]

The PPT is working overtime.