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.

[jdm]

You could lie down and tape a nap on that cell phone!

[cherry]

also.....we bought our very expensive , to us anyway, 19 inch Quasar tv set for $400 back in the late 70's and we also bought a beautiful Canon 35 mm with extra lenses and I don't know if we could give the Canon away now....even Goodwill wouldn't take the tv.....

point is....many, many things are cheaper and better now, and even the Stock market is doing well.....

[nina0113]

You mean people who buy gold stocks, or people who buy actual gold? I buy actual gold, but only when the market's down.

[RobFromGa]

I remember my first screaming IBM AT at $4500+. The one with the superfast '286 chip and BASIC included.

[Volunteer]

It's Bush's Fault!

Oh, wait... um, Global Warming did this.

[RayChuang88]

What model Canon camera do you own? If it's a desirable model put it up on eBay an it will be snapped up in short order--there is a burgeoning business in good-condition used SLR's nowadays.

[RayChuang88]

I remember my first screaming IBM AT at $4500+. The one with the superfast '286 chip and BASIC included.

For about half that price you can build yourself a very loaded modern PC running a dual-core AMD or Intel CPU with 2 GB of RAM and a near top-of-the-line graphics card that is ready to run Windows Vista when that arrives circa February 2007 in the retail market.

[50sDad]

I listened to a Liberal of Color on one of the Sunday shows going on about how, "Oh, sure, it's the hottest stock market ever, but it's only making fast-food jobs!"

Lord, what a gullible breed!

[RobFromGa]

Right, so that's about 50x the computer at 1/2 the price. That means computer prices are down more than 95%. The same is true for other electronics. And they use less power and less resources to make.

[cinives]

Haha - me too. After my trash-80, I bought an IBM XT with - wait for it- 2 floppy drives, for the small sum of $4000. The next year I added a 10 MB hard drive for $1000.

And I thought I was 'da man!

[MikeA]

CNBC reports that the stock market got a late afternoon boost from the approval of tax cut extensions on Capitol Hill.

Yup, those tax cuts are a disaster. Full employment, 4.8% economic growth, 5.2 million jobs created since 9-11, the Dow at its second highest ever close. Pelosi and Reid and the rest of the rats are so right that tax cuts are just a boondoggle.

Now wait for the RINOs in the Senate to kill the tax cut extension and to tank the Dow back down 500 points.

[KStorm]

The economy sucks. Just ask any rich lib.

[NCLaw441]

I checked on CNN to see what they said about the market. Interestingly, where they used to put the closing numbers, they have added a place to insert a symbol and get a quote. You have to click on "market" to see what the level is. This is new-- in fact, today is the first time I have seen it.

[Grampa Dave]

This will bring tears to the MSM maggot mediots who have to report on this tonight and tomorrow.

[KarlInOhio]

And they call that little tiny wiggle at the beginning a stock market crash.

Here it is on a logarithmic scale:

[Conservative Actuary]

I'm sure Tom Daschle is deeply saddened that the Bush lead economy has caused all those who have shorted the Dow to lose money.

[Attention Surplus Disorder]

What's astoundingly cool about this is that if the USD could be somehow devalued by 50%, the DJIA would go to about 23,000 and that would make folks even more ecstatic! As is, we've only devalued the dollar by about 20% since those old highs. About 4% the past month alone, which is excellent! It's been a GREAT month! So there's considerable room for "improvement".

[Denver Ditdat]

...remember when vcr's and microwaves and cell phones were luxuries only the upper classes could afford?.....

Yeah, but... now we have to depend upon those eeeeeevil barstiges at Wal-Mart to sell them at a price we can afford! Oh, what to do?!? </s>

[KevinDavis]

Worst economy since ah frack it...

[Grampa Dave]

"I checked on CNN to see what they said about the market. Interestingly, where they used to put the closing numbers, they have added a place to insert a symbol and get a quote. You have to click on "market" to see what the level is. This is new-- in fact, today is the first time I have seen it."

This has to be driving the Marxist Maggots at CNN completely nuts.

Thanks for bringing this to our attention.