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The Dow Reaches New High (12,116.91!!!)
Breitbart.com ^ | Oct 23 | JOE BEL BRUNO

Posted on 10/23/2006 12:59:18 PM PDT by Species8472

NEW YORK

Wall Street extended its October rally Monday as investors grew more optimistic about upcoming earnings reports, and a decline in oil bolstered hope for higher consumer spending. The Dow Jones industrials crossed 12,100 for the first time. Dow component Wal-Mart Stores Inc., which said it will cut capital spending to improve its profits, helped the blue chips to their new trading high.

Strength from International Business Machines Corp., Hasbro Inc., and Xerox Corp. also fed the advance. Just halfway through third-quarter earnings season, generally upbeat reports have instilled new confidence about the future in investors.

"The picture being painted is pretty easy to suggest that the pressure on the economy from higher oil prices is easing," said Richard E. Cripps, chief market strategist at Stifel Nicolaus. The price of oil, which fell to lows for the year Friday from its mid-July highs, is making investors more bullish on sectors like retail, which will benefit if consumers have more spending money.

Blue chips resumed a three-month rally after stalling Friday; the Dow, which had already risen 233 points in October before Monday's trading, surpassed 12,100 and reached a new trading high of 12,125.16, eclipsing the old mark of 12,049.51 set last week. Broader market indexes also gained as investors shrugged off concerns about the Federal Reserve's decision on interest rates later this week.

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


TOPICS: Breaking News; Business/Economy
KEYWORDS: djia; dow; economy; itstheeconomy; postelectioncrash; republicansuccess
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To: Ernest_at_the_Beach

They are back down to 12116 and some change.

It is amazing how this goes back and forth.

Maybe foriegn trading like Mexico on the DIA, the Dow ETF, causes this.


41 posted on 10/23/2006 1:26:19 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: defenderSD

Gold continues to fall from the sky for the 1045th straight day today. This continues to increase the gap between the rich and the poor, as the poor are too lazy to bend over to pick up the fresh nuggets. Due to their wretched plight and bereft of the wheelbarrows with which to transport the gold, the poor remain poor and get drunk to forget about it.


42 posted on 10/23/2006 1:26:24 PM PDT by RobFromGa (Monthly donors rock!)
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To: Grampa Dave

43 posted on 10/23/2006 1:27:01 PM PDT by divine_moment_of_facts (The Democrat Party... Alienating voters since 1967)
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To: Grampa Dave
LOL!

And more good news,...:

Crude dips as traders remain unconvinced by OPEC ~ December cnt at 15-month low; natgas under $7

44 posted on 10/23/2006 1:27:03 PM PDT by Ernest_at_the_Beach (History is soon Forgotten,)
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To: Species8472

October has been a terrible month for the DOW. -sarc


45 posted on 10/23/2006 1:27:26 PM PDT by frogjerk (REUTERS: We give smoke and mirrors a bad name)
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To: Species8472; All

46 posted on 10/23/2006 1:28:07 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: Ernest_at_the_Beach

12,116.91 is the final.


47 posted on 10/23/2006 1:28:41 PM PDT by RobFromGa (Monthly donors rock!)
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To: divine_moment_of_facts

I love that one. I use it after a troll tells us to stay home and not vote after trashing GW.


48 posted on 10/23/2006 1:30:03 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: driftless2

Besides their predictions, I would like to know what political party they vote for and what politicians they donate to if any.


49 posted on 10/23/2006 1:31:19 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: Species8472
Bastard.

Magnificent.

Rove.

50 posted on 10/23/2006 1:31:39 PM PDT by Lazamataz (Islam is a pathological disorder masquerading as a religion.)
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To: Species8472

HASBRO is a blue chip stock???


51 posted on 10/23/2006 1:35:07 PM PDT by dangus (Pope calls Islam violent; Millions of Moslems demonstrate)
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To: Species8472

52 posted on 10/23/2006 1:35:25 PM PDT by WakeUpAndVote (Got towel?)
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To: Species8472

OH NO!!!


53 posted on 10/23/2006 1:35:33 PM PDT by RockinRight (She rocks my world, and I rock her world.)
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To: divine_moment_of_facts; Ernest_at_the_Beach; george76
Watch my eye you dumb Republicans. You are getting very sleepy. The Dow is not going up. It is dropping 100 points a day since Labor Day! Stay home on Election Day and teach your party a lesson. Stay home my pretty ones and enable me to be the House Speaker! Give the Evil GW/Cheney/Rove what they deserve, me as House Speaker! Believe in me not in Karl Rove, my dumb little cut and run Rinos!

Remember this is the worse economy since the last Ice Age, which you caused with your SUVS!

54 posted on 10/23/2006 1:36:18 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: Grampa Dave
Hehe... I believe this will be a record turnout for Conservatives voting in a Primary.. I also expect a record turnout of liberal zombies voting (both living and dead!)
55 posted on 10/23/2006 1:37:27 PM PDT by divine_moment_of_facts (The Democrat Party... Alienating voters since 1967)
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To: Grampa Dave

LOL!!! Her eyes do weird things in real life,too!


56 posted on 10/23/2006 1:38:34 PM PDT by divine_moment_of_facts (The Democrat Party... Alienating voters since 1967)
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To: divine_moment_of_facts

She is even scarier in real life at 25' away from her.


57 posted on 10/23/2006 1:40:23 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: Suzy Quzy
Tom Daschle is concerned.

And deeply saddened.

58 posted on 10/23/2006 1:42:59 PM PDT by Cobra64 (Why is the War on Terror being managed by the DEFENSE Department?)
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To: Species8472

Nothing to see here folks... In fact it is simply a matter that the electorate is feeling so good because it knows that the Dems will win the House and Senate that the Economy is booming... hmmm how's that for liberal logic.


59 posted on 10/23/2006 1:46:49 PM PDT by tomnbeverly (Terrorists cut our heads off and get medals. We put hoods on theirs and get sent to prison. hmmm)
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To: RobFromGa

OK....thanks!


60 posted on 10/23/2006 1:48:32 PM PDT by Ernest_at_the_Beach (History is soon Forgotten,)
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