Posted on 01/06/2006 1:37:05 PM PST by new yorker 77
U.S. stocks rallied on Friday, extending the week's gains and pushing the blue chip Dow to its highest close since June 2001, as news of lower-than-expected job growth fueled optimism about an end to interest-rate hikes that had weighed on investor sentiment about the economy and corporate profits.
Based on the latest available figures, the Dow Jones industrial average (^DJI - news) was up 73.96 points, or 0.68 percent, at 10,956.11. The Standard & Poor's 500 Index (^SPX - news) was up 11.65 points, or 0.91 percent, at 1,285.13. The technology-laced Nasdaq Composite Index (^IXIC - news) was up 28.05 points, or 1.23 percent, at 2,304.92.
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clinton left Bush with a Dow around 8500, because he pillaged Microsoft. I don't see why clinton gets credit for "a great economy" while Bush gets none.
This is Bush's fault!:)
The facts after 3 years of growth have finally forced the MSM to grudgingly accept that the economy is doing very well.
It will take another year of successes before any MSM publication grudingly admits that we are doing awesome work in Iraq.
11000 is like the steel curtain.
I've been waiting for it to get to 11K so I can sell.
";^)
"11000 is like the steel curtain"
It sure has seemed that, hasn't it.
I think how it acts immediately after breaking that barrier will be telling in terms of investor sentiment for the short to mid term.
Of course, when it comes to investor sentiment, the inverted yield curve might be telling enough.
Mark my words...........
A year from today, we'll be talking about Dow 12,000
Remember, you heard it here first!! :-)
actually.....12,000 perhaps by Springtime....breakouts of all indexes across the board...Russell, S&P, NAZ, and the Dow today. I tell you, the end of last week I was pretty depressed. No actually, it was Tuesday morning when the NAZ traded down to 2195 - what a difference a week makes, I mean WOW! - Great Week!!!
More bad news for the rat party!
I agree, although I think springtime for Dow 12,000, may be a little soon.
I also envision that once the 11,000 barrier is broken, that eventually (after some profit taking) all hell will break loose, with Naz hitting over 3,000 this year, and the S & P breaking thru 2,000.
2006 will be a good year....a VERY good year!!
More gloom and doom for the PUG-ressives.
GO BUSH!!!!!!!! GO AMERICA! Thank GOD for investors!
Go ahead and spoil the party by selling :-)
Seriously, invest, invest, invest!!
This is going to be one helluva fun ride in 2006!!
The DJIA will reach 14,000 by August of this year.
Tom Daschle is saddened, deeply saddened.
Right you are!!
GO "W" GO!!!
Do you really think so??? WOW!!
ROTFLMAO!!!
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