Like it's 1929!
Posted on 07/19/2007 2:28:28 PM PDT by kristinn
Wall Street moved soundly higher Thursday, sending the Dow Jones industrials to their first close above 14,000 as investors kept jitters about the economy at bay and focused on a string of upbeat earnings reports.
The Standard & Poor's 500 index also had a record close.
Profit news from companies like International Business Machines Corp., network equipment maker Juniper Networks Inc., and business software company SAP AG help lift stocks and boosted investors' appetite for technology issues.
Resurgent concerns about the health of subprime loans, which are made to borrowers with poor credit history, hurt financial stocks, while a report that a would-be suitor for Alcoa Inc. had lost interest kept the Dow Jones industrial average from extending its gains.
SNIP
According to preliminary calculations, the Dow rose 82.19, or 0.59 percent, to 14,000.41. The blue chip index throughout the session danced around the 14,000 mark, having first reached it on Tuesday but not closing above that level until Thursday. The Dow's close topped the previous record of 13,971.55 set Tuesday and marked the index's 32nd record close of the year.
Broader stock indicators also logged advances Thursday. The Standard & Poor's 500 index rose 6.91, or 0.45 percent, to 1,553.08; its previous record of 1,552.50 occurred Friday. The technology-focused Nasdaq composite index rose 20.55, or 0.76 percent, to 2,720.04, following a round of upbeat tech earnings.
No frickin' way. Put some stop loss orders in effect, but my 401k went up $8000 in one day.
Extrapolate that over the next 12 months.
LOL. Did I hit a nerve?
I extrapolated a couple of times these past decades. Each time I extrapolated I lost 6 figures in the market. I don’t extrapolate any more. :-} But I do invest monthly.
That's what I said when I sold AAPL at $121 after buying it at $59. It closed at $140 on the nose today.
Lol no, I’m just tired of hearing about metrosexuals.
It doubled, so you only sold half.. right? (not that I am some investment guru)
This in spite of the liberal’s relentless fiscal, judicial and social intrusions.
If your 401K has Google in it, it could go down $8000 tomorrow.
“This IS awful! Quick! Raise taxes so we can stop this evil, capitalist growth!!”
Democrats scream ‘yeah’ when stocks artificially rise under clinton....’we’ve done good to the economy’....downward spiral right when he’s leaving office. Must be Bush’s fault!?
Economy rises steadily under this adminstration, and ‘it’s just the rich that are benefiting.’
Wake me up when democrats actually understand economics.
Not too long ago some angry person was asking why the media didn’t mention America’s wonderful financial state... I believe their answer was “we don’t report on the economy, this is a news station.” ROTFLOL oF ourse anything bad they make up is “news.”
exactly! don’t forget Terry McAwefuls $18million gain from defunct Global Crossing.
Are we all going to die?
ping!
You did well. Trying to time the market perfectly is impossible.
Rip Van Winkle will be very envious with your extended nap. ; )
but it seems that the pubs are not smart.
Did I not hear RP tell Alex Jones that the U.S. will have an economic collapse later this year or early next year?
I'd wait to see what happens with subprime and the recession in the housing market before reaching any conclusions. There was a good piece in the WSJ today acknowledging that this is very unfamiliar territory, and that it's going to take a long time to assess it.
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