Dow tops 13,000 for first time (WE'RE ALL GONNA DIE! no wait)

Marketwatch.com ^ | April 25, 2007 | Tom Kilgore

[abb]

NEW YORK (MarketWatch) -- The Dow industrials ($INDU$INDU ) crossed over the 13,000 level in intraday trading for the first time Tuesday, about six months after besting the 12,000 mark. The Dow had topped 12,000 for the first time in intraday trading on Oct. 18 -- it closed above that mark on Oct. 19 -- and it took 127 sessions for the blue chip barometer to reach the next 1,000-point milestone. The Dow has now gained 4.3% since the end of 2006 and 15% over the last year

[NLB2]

Whether or not oil is expensive relative to its price in the 80s when adjusted for inflation or not, it is not having the same type of adverse effect on the supply curve that high oil prices did in the 70s.

[jhpigott]

i hate to rain on everyone’s parade being a staunch conservative and (generally speaking) a big fan of GW Bush but the DOW isn’t the only indicator of the U.S. economy. Not that i’m any great economist, but I do know the USD index is falling like a stone, which in laymens terms means the value of a U.S. dollar is sinking and by all accounts is going to keep heading in that direction

[pieceofthepuzzle]

Well put. I also strongly believe that our strength comes from our belief in individuals and the sanctity of each person. Islamic fundamentalists are like the Borg.

[SierraWasp]

"...in the next week or so: Why? Profit taking."

Hey! Hold on more that a week!! At least wait till the 3rd Saturday in May and my "put" and "call" options have run their course!!!

[NeoCaveman]

I do know the USD index is falling like a stone, which in laymens terms means the value of a U.S. dollar is sinking and by all accounts is going to keep heading in that direction

Which is mainly hurting European exporters. If they want a stronger dollar by all means, let them prop it up, not us.

[theDentist]

Sorry, but you have no control over the many millions who are looking out for themselves.

[jhpigott]

like i said, i’m not an economist but I would think the further the dollar sinks the greater the chance we see inflation here at home

[FreeReign]

The ABC-Washington Post “Consumer Confidence” Poll came in yesterday at a 5-year low of “-7”. Is this an actual poll of consumers, or rather a poll of what ABC/WP editors WANT consumers to feel?

Yes, what a contradiction.

DBM polls lie -- ALL OF THEM!

[ohioWfan]

i hate to rain on everyone’s parade

Betcha don't, brand newbie............betcha that's what you signed on for a few weeks ago.

[jhpigott]

if you only knew . . . i’d be willing to bet i’m alot furhter right than most on this board. There is a reason Bush isn’t out there thumping his chest over the economy. 1) Its not his style to chest thump, that was Slick-Willy 2) the DOW isn’t always the best indicator of how the economy is doing.

i’ve actually been posting on free republic for quiet some time, under the handle jhp, i stopped posting for a while, lost my password and registered under jhpigott

[newguy357]

The market will probably go:

up, up, down, down, b, a, select, start.

[newguy357]

dangit I mean:

up, up, down, down, left, right, left, right, b, a, select, start

[abb]

All of the above? The trick of it is selecting the correct date to coincide with the actions...

[SierraWasp]

Wull... Yah but!

[MuttTheHoople]

Actually, it's:

Up, up, up, invest in market, down, down, down, pull out of market, up, up,up.........

[Parley Baer]

She will have to ride the freight elevator.

[zendari]

It’s not entirely their fault.

How is the administration supposed to communicate when Olbermann, Stewart, and Colbert control the communication?

[Recovering Ex-hippie]

Bush has had NO PR PEOPLE EVER, EVER , EVER!

That’s why he has such low ratings and the dems can conjur up anything. If there has been one devestating mistake Bush Administration has ever made...NO PR !

[Our man in washington]

I predict it will go down, then up, up, down, down, up, up, down....but I could be wrong.

If you're right, I predict the Democratic response will be:

The rising stock market proves Wall Street is out of touch with Main Street and this economy only helps the greedy rich, the rising stock market proves Wall Street is out of touch with Main Street and this economy only helps the greedy rich, the falling stock market proves Bush is destroying the economy, the falling stock market proves Bush is destroying the economy, the rising stock market proves Wall Street is out of touch with Main Street and this economy only helps the greedy rich, the rising stock market proves Wall Street is out of touch with Main Street and this economy only helps the greedy rich, the falling stock market proves Bush is destroying the economy...

[Pondman88]

I’m off to the soup kitchen.