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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: muir_redwoods
Worst damned economy in 40 years, why as much as 4% of the work force is unemployed too.

The rich get richer on the backs of the poor and the middle class.

More at eleven.

81 posted on 10/23/2006 3:24:17 PM PDT by EGPWS (Lord help me be the conservative liberals fear I am.)
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To: Grampa Dave; Ernest_at_the_Beach
Shhhhh. Don't tell anyone :


82 posted on 10/23/2006 3:43:37 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: casino66
Gotta love old populist Lou. Foment the middle class for ratings. The middle class always bitches they don't have it good, look up any news article dobbs from any period since ww2 and it will have op/eds about "the teetering middle class" The middle class only realizes how good they got it after national tragedies like 9/11 and only for a brief moment usually when gas goes up by over a nickel or so.
83 posted on 10/23/2006 4:40:21 PM PDT by spikeytx86 (Pray for Democrats for they have been brainwashed by there fruity little club.)
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To: Ernest_at_the_Beach

That's the way... uh huh, uh huh... the way I like it... uh huh, uh huh... The Dow's on Viagra!!!


84 posted on 10/23/2006 4:59:45 PM PDT by SierraWasp (To be fair, Bill Clinton did more than any other President to protect us from the Branch Davidians!)
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To: Ernest_at_the_Beach; Admin Moderator

Hay Ernest!!! I sure like them three exclamation marks in the modified title of this thread!!! My compliments to the admin mod!!! (the royalties are really addin up now!!!)


85 posted on 10/23/2006 5:04:02 PM PDT by SierraWasp (To be fair, Bill Clinton did more than any other President to protect us from the Branch Davidians!)
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To: muir_redwoods
"Yep but it's just more of that "False Prosperity" like back in the'80's."

I was just listening to NPR and they said this recovery has distributed the wealth very unevening--the rich have gotten richer.

The more things change, the more they stay the same.
86 posted on 10/23/2006 5:45:14 PM PDT by Forgiven_Sinner (Here's an experiment for God's existence: Ask Him to contact you.)
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To: Lazamataz

"Rove -- you are,...aaaahhh,...most honorhable,...aaaaahhhhh,...magnificent bastahd!"

87 posted on 10/23/2006 6:20:21 PM PDT by Mad_Tom_Rackham (Democrats. French, but more cowardly.)
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To: Mad_Tom_Rackham

Strategery + Shardenfreude = Stratenshardenfreudery


88 posted on 10/23/2006 6:34:45 PM PDT by spokeshave (The Democrat Party stands for open treason in a time of war.)
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To: Red Badger
Worst economy in 50 minutes!.............

Right now, the MSM doesn't even recognize that the DOW exists.

89 posted on 10/23/2006 6:53:06 PM PDT by Mad_Tom_Rackham (Democrats. French, but more cowardly.)
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To: Species8472
GOOGLE!

Google (GOOG) to 'da moon! Cramer says stock will hit $500! Boo-yah! Everyone is hollering buy it now!

So, who do you believe?

90 posted on 10/23/2006 7:17:08 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Carolinamom
Dems: "We can do better."


91 posted on 10/23/2006 7:28:13 PM PDT by Mad_Tom_Rackham (Democrats. French, but more cowardly.)
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To: wny
NY Times:

"NEW YORK STOCK EXCHANGE TRADERS HIDING FROM MARK FOLEY"

92 posted on 10/23/2006 7:33:59 PM PDT by Mad_Tom_Rackham (Democrats. French, but more cowardly.)
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To: Grampa Dave
That's OK, as long as you don't tell anybody, and you're not shopping at the eeeevil WalMart. :O)
93 posted on 10/23/2006 7:39:38 PM PDT by Mad_Tom_Rackham (Democrats. French, but more cowardly.)
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To: spokeshave
Stratenshardenfreudery

I like it!

94 posted on 10/23/2006 7:42:25 PM PDT by Mad_Tom_Rackham (Democrats. French, but more cowardly.)
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To: Species8472
All of the political pundits will be offering the same explanation for the November election results...

It's the economy, stupid!

95 posted on 10/23/2006 7:43:15 PM PDT by vox humana
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To: Ernest_at_the_Beach

Things are certainly on the upity up. heh heh.


96 posted on 10/23/2006 7:49:20 PM PDT by Marine_Uncle (Honor must be earned)
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To: Species8472

Worst economy since Herbert Hoover! /sarc


97 posted on 10/23/2006 8:16:25 PM PDT by Purrcival (Sorry, RATS, this Christian fundie is voting REPUBLICAN, EVEN THOUGH MARK FOLEY IS (*gasp*) GAY!!!)
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To: Suzy Quzy; OldFriend; Species8472; dead
"Tom Daschle is concerned."

http://www.photopile.com/photos/dead/auctions/230862.jpg

(.jpg credit to FReeper dead ... for lots of laughs, visit deads FReeper profile page!)

98 posted on 10/23/2006 8:22:19 PM PDT by Purrcival (Sorry, RATS, this Christian fundie is voting REPUBLICAN, EVEN THOUGH MARK FOLEY IS (*gasp*) GAY!!!)
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To: Suzy Quzy; OldFriend; Species8472; dead
"Tom Daschle is concerned."

(Let's try this again - .jpg credit to FReeper dead ... for lots of laughs, visit deads FReeper profile page!)

99 posted on 10/23/2006 8:23:29 PM PDT by Purrcival (Sorry, RATS, this Christian fundie is voting REPUBLICAN, EVEN THOUGH MARK FOLEY IS (*gasp*) GAY!!!)
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To: isthisnickcool

Roooooove!!!!

100 posted on 10/23/2006 8:58:48 PM PDT by JRios1968 (Tagline wanted...inquire within)
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