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Dow Jones Industrial Average just cracked 11,800 for first time ever
Market Watch ^ | 10-0406

Posted on 10/04/2006 10:37:12 AM PDT by MNJohnnie

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

(Excerpt) Read more at marketwatch.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: busheconomy; economy; notbushsfault
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To: malos

I posted this yesterday--

Some info to dispute the Dem talking points.

When President Bush took office in January 2001:

DOW was at 10.578.24
It had declined almost 10% from its high during the last year of the Clinton Presidency. As of today, the Dow Industrials stands 10.8% above when Bush took office. In spite of 9-11, Enron/Tyco/etc malfeasance...

NASDAQ was at 2757.91 when Bush took office, and had lost almost half of its value from the top of the Internet bubble, and was still in rapid retreat. By the end of March 2001, less than 6 weeks after Clinton left office, the bubble finally had lost most of its air and the Nasdaq stood at about 1820. Clearly nothing Bush did in less than 6 weeks caused that continued drop.

Today, we are at a level of 2246, almost 25% above the bubble burst bottom. (There was a later 9-11 bottom as well).


81 posted on 10/04/2006 12:05:16 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: RobFromGa
The markets have been a bit stronger than we expected here, but note that the Dow's all-time intraday high on 1/14/00 was 11,908.50

I don't think this is factually correct. The previous non-closing high was 11,750.28 on 1/14/2000.
82 posted on 10/04/2006 12:05:31 PM PDT by Signalman
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To: Alberta's Child
"The NASDAQ isn't even a real index, as far as I'm concerned -- mainly because it's "historical high" was based on prices of stocks that didn't even have legitimate price/earnings numbers (they didn't have any earnings).

Your insight above needs to be brought out everyday.

Not only did some of the Clintoon dot.com companies not have earnings. Many never had a product or service they actually sold.

Some of the bigger companies were using the Dodd/Arthur Andersen Fairy Land accounting where wild A$$ speculations were treated as real assets. When the bubbles brust in May of 2000, the reality not the bs started to come out.

83 posted on 10/04/2006 12:07:32 PM PDT by Grampa Dave (SWIFT BOOT MURTHA!)
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To: RobFromGa
So, the real resistance is at 11,908.50

What would cause significant supply at that price?

84 posted on 10/04/2006 12:08:04 PM PDT by Protagoras (Billy only tried to kill Bin Laden, he actually succeeded with Ron Brown and Vince Foster.)
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To: Bobkk47

I have seen both in the past week, I am assuming that someone on Free Republic has access to the Intraday high from 1/14/00.


85 posted on 10/04/2006 12:08:31 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: MNJohnnie

If Clinton were President, the media would be going nuts.


86 posted on 10/04/2006 12:10:55 PM PDT by GianniV
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To: Bobkk47

From Yahoo:

Date 14-Jan-00
Open 11,619.35
High 11,908.50
Low 11,506.42
Close 11,722.98
Volume 1,085,900,032


87 posted on 10/04/2006 12:11:16 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: Alberta's Child
The 30 stocks in the Dow index tend to be older companies whose performance is an accurate indicator of the nation's industrial strength as a whole.

Dow Components (From Jan 2000)

Eastman Kodak -62.22% [No longer in Dow]
General Motors -60.74%
Intel Corp -60.18%
Microsoft Corp -51.27%
Home Depot Inc -41.21%
Merck & Co -39.47%
Intl Paper Co -38.47% [No longer in Dow]
Du Pont -36.06%
Honeywell Intl -31.31%
IBM -31.19%
Alcoa Inc -30.83%
General Electric -29.46%
Coca-Cola Co -26.62%
Wal-Mart Stores -23.24%
AT&T Inc -21.05%
Hewlett-Packard -18.83%
Disney (Walt) Co -7.43%
McDonalds Corp -6.35%
JPMorgan Chase -4.43%
******************************

******************************
Procter & Gamble 7.72%
American Express 19.73%
Citigroup Inc 24.22%
Johnson&Johnson 38.18%
3M Co 50.67%
Exxon Mobil Corp 59.09%
Boeing Co 80.93%
United Tech Corp 98.52%
Caterpillar Inc 153.77%
Altria Group Inc 220.83%
SBC Communication [Now part of AT&T]

88 posted on 10/04/2006 12:11:22 PM PDT by ContemptofCourt
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To: RobFromGa

A monthly chart of the DJIA shows the high as 11750.30


89 posted on 10/04/2006 12:13:10 PM PDT by Protagoras (Billy only tried to kill Bin Laden, he actually succeeded with Ron Brown and Vince Foster.)
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To: RobFromGa

That is a an apples to oranges comparison the "Analysis" suddenly discovered to talk about. The Dow Jones Average is a different measurment then the highest price number they suddenly want to talk about in their "news" letters.


90 posted on 10/04/2006 12:14:27 PM PDT by MNJohnnie (Say Leftists. How many Nazis did killing Nazis in WW2 create? or Samurai? or Fascists?)
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To: ContemptofCourt

Not Quite! The interday high for the dow is 11908.50 (1/14/2000)


91 posted on 10/04/2006 12:16:14 PM PDT by ROCKCHALK75
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To: RobFromGa

Yahoo is wrong.


92 posted on 10/04/2006 12:18:46 PM PDT by Signalman
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To: Protagoras

Big Charts also show 11,908 as the all-time intraday high on 1-14-00.


93 posted on 10/04/2006 12:19:04 PM PDT by RobFromGa (The FairTax cult is like Scientology, but without the movie stars)
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To: Protagoras

Are you this obnoxious in real life or do your reserve the rotten side of your personality just for us?


94 posted on 10/04/2006 12:19:43 PM PDT by ohioWfan (George W. Bush - "Take his character all together, and we shall not look upon his like again.")
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To: MNJohnnie

--All that FIAT money manages to produce the most powerful, richest, successful happy Republic in the History of man--

And the most successful car in the history of the Republic of Italy ;-0


95 posted on 10/04/2006 12:19:48 PM PDT by rfp1234 (I've had it up to my keyster with these leaks!!! - - - Ronald Reagan)
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To: ContemptofCourt

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).


------

Ummm...if you've been BUYING large caps in a 401K during the past six years while the were down, you are NOT where you were six years ago.

My employees are very happy with their retirement accounts.


96 posted on 10/04/2006 12:20:44 PM PDT by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: WoofDog123

--Additionally, I think such comparisons should take into account inflation since component stocks are priced in dollars--

True. The same goes for oil and gasoline prices.


97 posted on 10/04/2006 12:21:07 PM PDT by rfp1234 (I've had it up to my keyster with these leaks!!! - - - Ronald Reagan)
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To: ohioWfan

Just for you. You should feel honored.


98 posted on 10/04/2006 12:24:09 PM PDT by Protagoras (Billy only tried to kill Bin Laden, he actually succeeded with Ron Brown and Vince Foster.)
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To: malos

99 posted on 10/04/2006 12:24:24 PM PDT by hattend (Carpe Macaca (stolen from FReeper Clint N. Suhks))
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To: RobFromGa

http://www.businessweek.com/ap/financialnews/D8KH93PG3.htm



By ELLEN SIMON
AP Business Writer

Dow passes intraday high



OCT. 3 12:37 P.M. ET The Dow Jones industrial average surged past its all-time trading high of 11,750.28 Tuesday, taking yet another step in its recovery from seven years of market turmoil.


100 posted on 10/04/2006 12:25:35 PM PDT by Signalman
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