[Grampa Dave]

Today, the Dow closed at it highest close ever.

http://www.freerepublic.com/focus/f-news/1713011/posts

Dow industrials close at their highest ever level
Market Watch.com ^ | Oct 3 2006 | Mark Cotton


Posted on 10/03/2006 1:27:12 PM PDT by Grampa Dave


Dow industrials close at their highest ever level By Mark Cotton Last Update: 4:06 PM ET Oct 3, 2006 NEW YORK (MarketWatch) -- U.S. stocks ended higher Tuesday, with the Dow Jones Industrial Average closing at its highest level ever, after the price of oil slumped to a 14-month low, raising hopes lower energy costs will boost consumer spending and moderate any slowdown in the economy. The Dow Jones Industrial Average ($INDUDow Jones Industrial Average News , chart, profile, more Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: $INDU ) rose 57 points to an unofficial close of 11,727, surpassing its previous all-time closing high of 11,722.98 struck on Jan. 14 2000.

The benchmark index rallied as much as 89 points to a session high of 11,758.95, topping its previous all-time high of 11,750.28 reached on Jan. 14, 2000.

[Pukin Dog]

In an unbiased media, what do you think would be the main headline today? The highest closing price ever for the Dow, or a political sex scandal? This is no accident.

[Prophet in the wilderness]

Forgive me for getting off of the subject on this thread, but, I was wondering ?
I am not a financial annalist, but, can I ask ?
For example.
When the economy is going strong and humming along,
the Feds need to put a slight break pressure on the economy to keep it from over heating by raising the interest rates so economy won't run out of gas and go into a recession.
Wouldn't ? the high oil, gas, and energy prices have the same effect on the economy as would a higher interest rate increase ?
So ? the Feds didn't really have to do a thing by raising interest rates, but, let the oil prices do it's thing.
So now, since the rates were left alone, and the prices of oil, gas are going down, the economy will pick up again ( not that the economy was doing bad in the first place ) but, instead of having to raise interest rates, just let the market ( oil prices ) have the same effect.