Dow ends at 6-year high (How would you ever know ???)

ABC ^ | Apr 26, 2006 | By Chris Sanders

[NYC Republican]

Sorry, but on average, historically, it has been up around 10%, some years 30% of higher.

[Choose Ye This Day]

I don't think we're in disagreement. The way we have 10% average annual returns is by having some -25% years and some +30% years.

[gathersnomoss]

I just looked out the window at cloudy skies. Chuckie is on the FNN News. This is all Bush's fault.

[sefarkas]

oh crap .. more good news

I agree. High Dow, low interest rates, high home equity, virtual zero unemployment, widely available broadband, satellite radio & TV. Between the doom & gloom from the Freepers about illegal immigrants, Muslims, and Clinton as well as from the RATS belly aching about high gasoline, high oil, Iraq, health care and the environment, you'd never think that we live in the largest (by far) economy on the planet that provides even the poorest among us a standard of living that a large fraction of the world population can only envy. I have yet to see (anywhere) a good explanation of how the U.S. manages to stay on top economically and militarily given all the problems routinely bemoaned on FR.

[sefarkas]

this is also true when it comes to elections.. and if not kept in check, the gas prices will torpeedoe[sic] the economy. That is a fact.

Care to substantiate that remark with some data or research? The price of gasoline has nearly tripled. The price of a barrel of oil has also risen substantially. What respected economic organization has announced a recession, or even a slow-down? Take your doom & gloom back to the RAT web site.

[CT]

6 years?

That would mean the market started FALLING BEFORE W took office!!!!, and that it was actually in decline during the Sink Emperor's.

[xcamel]

.....and that it was actually in decline full on crash during the wee-willy-winky empire

[maica]

Yes, and W mentioned it in every stump speech. The media who were forced to cover his campaign called him a fearmongerer. The recession started in March 2000.

[topher]

Actually rising oil prices is good news to the Stock Exchanges because the Fed will not raise interest rates but may lower interest rates to curb inflation...

So there is usually some bad news that propels stocks higher (rising energy costs...)

That is something I read last week, and I think is true...

But giving all those terrorist countries more money for terrorism (Iran, Russia, Libya, Angola, Nigeria) because the price of oil is going up is not good news...

[sefarkas]

Actually rising oil prices is good news to the Stock Exchanges because the Fed will not raise interest rates but may lower interest rates to curb inflation...

Your economics professor would not enjoy seeing you post such a remark. Oil prices are part of the formula used to determine "producer prices" -- higher oil prices means higher inflation. The Greenspan type of response to higher inflation is higher interest rates as a way to drain money out of the economy. The relative amount of money in circulation is the prime mover of the inflation measures. High oil prices are good for the DJIA and other measures because oil company stocks are important to those market-cap type indexes. Oil companies benefit from higher oil prices because their assets include oil in storage and under contract worth more than what they paid for it (by contract or discovery) even a month ago.

[rvoitier]

Did I forget something?

Yes, we're going to burn up next week from global warming. :-)

[Grampa Dave]

Bush's fault.

Time to impeach him and put his dogs to sleep.

Put Karl Rove on Death Row and fire Rummy!

This has to be the worst economy since the last ice age and the current global warming period started thousands of years ago.

Sarcasum off!

[Grampa Dave]

I wonder how ABCNNBCBS will minimize this.

Or they will scream about inflation and the new decade of greed where homosexual, illegal aliens, lesbians and orphans are being hurt worse with this news.

[Grampa Dave]

"Unless Mary leaks this info to them, the MSM will never report it."

There you go. We can get Mary McTraitor drunk and high and tell her that this news is top secret, and she can't tell Dana Priest or her sissy girly husband. This is an evil plan to make millionaires out of all republicans owning stock and paupers out of all liberals who hate capitalism.

Then, it would be a top news story and might replace the Plame outing debacle.

[A Citizen Reporter]

LOL!

[Grampa Dave]

Would you please post some of those links and ping me or freep mail me the links.

Thanks.

Some of us have been wondering how much George $oreA$$ has been toking the gold and oil future markets.

[usmcobra]

It's an upwards downward spiral brought about by the amish investors, I'd invest heavily in tissue products.

[Grampa Dave]

Can't you see Peter Goss planting this story with the remaining Mary McTraitors at the farm. Then they go sleep with the pseudo reporter and editors for the Ny Slimes, La Slimes and the Washington Compost.

The headlines would scream: Evil Bush wants to make Republicans millionaires and Rats paupers.

[be4everfree]

All your stocks are belong to us !!

[notigar]

Well, this is an ABC story, isn't it?