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.

[yellowhammer]

This will be trumpeted with a huge above-the-fold headline in the New York Times tomorrow!!

[Cyber Liberty]

That took 71 posts. That's a rating of, what, H-score = 71?

[Izzy Dunne]

You must not be invested in stocks...

Your sarcasm detector needs alignment...

Perhaps you missed Candidate Kerry's remarks about the "worst economy since Hoover", during the 2004 Presidential campaign.

[Cyber Liberty]

You'll love Research and Development. Beats the heck out of working!

[A message]

I can't stand this good stock market news.

That's it, the family and I are packing tonight and heading for the slums of Paris.

Where people truly understand angst, depression and unemployment. No more of this good news stuff for me.

Goodbye cruel America.

[Kozak]

Yeah, and it also makes that 2 billion a day the government is borrowing to stay afloat much easier to pay off in the long run!

"In the long run we are all dead..."

John Maynard Keyes
Economist

[A message]

I remember having to FReep by candlelight because there wasn't any electricity.

LOL!!!

[Buck W.]

"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. "

Something doesn't compute here.

[Cobra64]

Mine was an 8088 needed 512k ram to run VisiCalc. The mouse was an extra $80 bucks..

[finnman69]

The WAPOs socialist underbelly is exposed in this sentence:

"To remedy stagnant middle-class living standards, more radical tax hikes would be necessary. But given that taxes will have to increase anyway because the budget deficit is running at around $300 billion, raising more than $85 billion for the purpose of redistribution is possible only if it's part of a wide-ranging tax reform."

[Grampa Dave]

Thanks for the info.

This is another reason why I never watch ABCNNBCBS and their biases posing as news.

[jrestrepo]

Couldn't say, 80% of mine are up today and 100% of mine are up for the year. No BS. I look at my portfolio every quarter and re-balance (on average) every 9 months.

[BenLurkin]

Meanwhile:

[jrestrepo]

No offense intended, but was that sarcasm?

I am in the high tech industry and have been for the last 12 years (since graduating college). I am busier that I have ever been and my tech stocks are rocking.

[jrestrepo]

BSME Univeristy of Florida 1994...my future is too bright, I need some rest...

[The Red Zone]

Clean mad for the muck called gold.

[syriacus]

All I'm hearing about is how everyone hates Bush - even plants, animals, germs, shovels, and candy bracelets.

LoL

[Stajack]

This is the type of thing which drives the terrorists crazy, seeing our economy doing well. We are overdue for another attack on the US mainland. I worry about economic targets which if hit could cripple this country.

I hate to agree, but I worry about the same thing.

[syriacus]

ften the only thing reported is how much the Dow rose that day. PERIOD.

The following is only a slight exaggeration of the way the market is reported on WABC at 11PM. If the market is up 25 points, it's "up slightly." If it is has gone down 3 points, it has "closed down." (not "closed down slightly.")

[Coldwater Creek]

Not to mention the Dems. Not only will it not be talked about by the MSM, the Republican talking heads won't brag about the economy as well.