Dow Close Second Highest Ever

Yahoo Finance , CNBC ^ | 5/9/06 | Yahoo Finance, CNBC

[Stajack]

The Dow was up 55.23 today, closing at 11,639.77. Today's close was the second highest ever for the Dow. The previous highest close was 11,582.43 on 1/13/2000. Today's close was also within 85 points of the all time Dow closing high, which was 11,722.98 on 1/14/2000. CNBC reports that the stock market got a late afternoon boost from the approval of tax cut extensions on Capitol Hill.

[hubbubhubbub]

LOL. Good thing the DOW is priced in $US. LMAO!!

[Zeppelin]

*****You're freakin nuts if you dont think technology is advancing.*****

And you're a freakin' stiffler if you can't pick up on sarcasm! =P

Geez, people!

[Stajack]

The drive-by media is already preparing the spin.

You bet. CNN has a headline "Confidence in Economy Dips". However it appears they cherry-picked the poll results.

If you can stomach it the article is here

[denydenydeny]

Look at the way the Dow skyrockets the moment the Republicans took the House.

Could one Republican politician, anywhere, please make this argument?

[SierraWasp]

"Gold is a concern."

I'd put it another way and say that currency fluctuations are always a concern, however, my disdain was aimed at the gold missionaries who come on here hawking it like "single issue voters!" They litteraly drive one nuts! They just go on... and on... and on...

[RadioCirca1970]

Hey its the "Worst Clinton Since the Economy!"
Makes more sense than the puke the liberals push as an agenda...

ah but remember, Clinton's Economy was Penis-Powered!

[rb22982]

Well, whether you were cherry picking or not, you are using the highest point in the bubble to go from. And it was a bubble. Nothing more than exuberant irrational stock market.

[Kozak]

That's the plan. (let the next generation take care of it - I just hope they can keep juggling until the next generation is ready)

And it worked great for FDR, LBJ and Tip Oneal.

[Kozak]

I'm no fan of Keynes, but he did get this one right...

[Clintonfatigued]

Any good news is something to cheer about, even if there are worrisome undercurrents.

[archy]

I don't know what to make of that, it is obvious that with no increase in land area and a huge increase in population and more land being taken by the Federal GOOBERment the percentage of people owning large tracts cannot possibly be increasing.

And as those in rural areas are being forced into the pismire existance of the urban-apartment rabbit warrens.

Good for a few, sad for many.