Posted on 10/19/2006 1:48:44 PM PDT by RogerWilko
Dow Gains 19 to Close Above 12,000 for the First Time; Nasdaq Ends Up 4
The Dow Jones industrial average scored its first close above 12,000 Thursday as Wall Street managed to hold on to gains despite concerns about the strength of the economy.
(Excerpt) Read more at biz.yahoo.com ...
P>NEW YORK (AP) -- The Dow Jones industrial average scored its first close above 12,000 Thursday as Wall Street, contending with fresh data that pointed to a weakening economy, managed to hold on to a slim advance.
When I first read it, they just had the original paragraph, and now they changed it because they wouldn't want people to get the WRONG idea that the economy might actually be good!
Nothing to see here...No bias shown...move along please...
We've been hearing for at least 2 years now that the economy is weakening.
I guess if the "experts" predict it each month, eventually the idiots will be right.
As it is, they've been wrong for at least two years now. It's a clown show.
They've COMPLETELY removed the first statement now!
I'm surprised they didn't add women, children, minorities, elderly, and the disabled hardest hit.
(oh, just ignore that elephant-sized 401K in the corner, please).
/Pelosi-Dobbs class warfare rant off
The DNC disinformation campaign is in full-swing.
The Dow industrials closed above 12,000 for the first time Thursday as investors took in a mixed bag of earnings from leading banks, blue chips and tech companies. "The economy continues to weaken. But everyone is convinced the Federal Reserve will be able to engineer a soft landing," said the president of one brokerage. The Dow crossed the 12,000 milestone for the first time Wednesday but failed to finish above that number.
"That could be misconstrued that there's strength in the economy... Change it!"
Wouldn't want anyone to think that with the elections right around the corner!
Print it and put it on the toilet paper roll in the bathroom. AP and Al Reuters are beyond reality for some time now.
I've forgotten who and on what thread, but a FReeper reported a liberal friend saying "The Dow has nothing to do with the economy." I only mention it because that's AP's next spin.
I'm surprised they didn't say "Evil Rich Get Richer."
It's not even worth arguing with them, except to tease them.
As I've said many times about liberal media bias...always have to look for that cloud in the silver lining. The news can't be too good...makes the liberals look bad.
Bunch of f**king liars.
It's already bursting all over the place. Two neighbors have had their house on the market for over 8 months now. Unless you consider the price of a house dropping by 30% in one year and still not being able to sell a house - NOT a bursting of a bubble.
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