Dow Jones Industrial Average just cracked 11,800 for first time ever

Market Watch ^ | 10-0406

[MNJohnnie]

Dow 11,801.14 73.80
Nasdaq 2,272.05 28.40
S&P 500 1,343.18 9.07

[ContemptofCourt]

Because unlike obnoxious Know Nothing lurkers, Most Freepers own stock, pension plans and 401K's.

The DIJA is an index of 30 stocks...yes, 30 stocks, out of about 5000 (and of those 30, half have been crushed over the past 6 years). Last I checked, the NASDAQ, S&P 500, and a multitude of other, wider indexs were still well off their highs.

The DIJA is for public consumption purposes, and has very little to do with anyone's 401K, etc....unless you own the 30 DIJA stocks (in which case, congrats...you are exactly where you were 6 years ago).

[JewishRighter]

Clinton: I tried to get the Dow up to 11,800, I tried before anybody else did, I tried and tried and tried.

[MNJohnnie]

I am sorry but your posting are completely lacking anything resembling coherence or content. Please try again once you have sobered up.

[Tenacious 1]

[I suggest you jump off the brige. What the matter, sell out your stocks listening to all the Democrat Party Activists pretending to be Business Analysis in the Junk Media trying to spin this as bad news?]

I don't mean forever. This is a good thing. I just predict that the day traders will take profits today and the market will drop 100Pts from the high before closing. Then, jump back in tonight and watch it take off again. The market starts making big swings whenever it hits milestones like this. I don't listen to analyst. I watch the market.

Personally I don't day trade so my money will stay put.

[I see my hands]

"you are exactly where you were 6 years ago."

Where am I in relation to 5 years ago?

[MikeA]

Or if you invested within the last 5 years, you're up over where you started. And in general, other stocks tend to follow the movement of the Dow. What impacts those stocks will impact others not part of the Dow index.

[Protagoras]

Todays high mark for the meaningless DJIA is 11804.58.
When it trades one cent higher than that,,,,,,,

WOO HOO!!!! PARTEEEEEEEE!

[LS]

Damn Bush economy.

[steveegg]

I take it you're heavily-invested in gold; and you aren't satisfied with the nice run-up in that commodity, but want a guaranteed increase in your portfolio.

[Protagoras]

Where am I in relation to 5 years ago?

Sounds like in the same state of ignorance.

[Grampa Dave]

[MNJohnnie]

Oh how painful it must be for you to realize the Market is not dropping! Seems your knee jerk cynicism is wrong.....again. But do keep trying. You are bound to stumble into being correct some day.

Dow 11,800.82 73.48
Nasdaq 2,271.49 27.84
S&P 500 1,343.58 9.47

[SaxxonWoods]

No need to wade through Dick's stuff, seen it all before.

Things that matter most:

Life expectancy has increased from about 48 years to 78 years since 1913.

The percentage of households able to support themselves in a fashion generally accepted as wealthy has increased about sevenfold since 1913. The middle class is shrinking as more households enter the upper class.

One place to give Dick his due: The new DOW record means that the DOW is about even with where it was 6 years ago, and inflation has eaten 15% of your wealth since then.

Overall, from my seat, things are great, but that's the way Capitalism works, there are winners and losers, and your individual position can change in either direction over time, depending on your decisions and actions.

[steveegg]

Clinton: I tried to get the Dow up to 11,800, I tried before anybody else did, I tried and tried and tried.

steveegg to S(l)ick Willie - Only when you needed a distraction, and oh, you failed.

[Recovering_Democrat]

[lesser_satan]

Well f$%K it then! I'll sell off all my stocks and trade my cash for gold ingots, which I'll keep under my bed! When I need to buy something, I'll shave off a little piece with my pocket knife and ride the mule into town, where, providing I'm not robbed and murdered by marauding highwaymen along the way, I can spend my morning bartering with foul-smelling slack-jawed inbred yokels for a loaf of bread and some eggs, which I'll have to eat immediately upon my return home so they don't go bad!

[ContemptofCourt]

And in general, other stocks tend to follow the movement of the Dow. What impacts those stocks will impact others not part of the Dow index.

Really? So will the NASDAQ follow the DJIA in general, or the underperforming Intel, MS, IBM and HP?

[Protagoras]

And in general, other stocks tend to follow the movement of the Dow.

That is more than debatable. In the last few decades, it has been a follower at best.

[Jeffrey_D.]

The MSM commented yesterday.
All they would point out is how long it took to get it back to where it was when their hero was in office.

[steveegg]

It's not exactly a wild ride when it's less than a 1% move. Now if it were going up 700 points instead of 70, it would be a wild ride.

As for the NASDAQ, if memory serves, it had a lot of fly-by-night tech stocks as part of its index in 1999-2000 when it hit 5,000.