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.
Well .. depends on one’s time horizon, asset allocation and risk tolerance etc. An investor needs to know that a pullback of 10-20% can always happen but the market comes back. One cannot time the market and if a person bails they may have to buy back in at an even higher price.
If you plan to be in the market for 5 years or more what possible reason is there to bail? Best strategy is to dollar cost average into a well diversified portfolio of index funds over 30 years and chill.
I remember back in 2001 and 2002 being told by every FReeper who cared to reply that the stock market was irrelevant and wasn’t in anyway representative of the economy.
The Lying media lies about the economy much like they lie about Iraq and global warming hurricanes.
DOW 14,000 is REAL.
Re-enlistment at all time highs is REAL.
ZERO hurricanes hitting U.S. mainland in the last two summers is REAL.
FAKE NEWS supplemented by FAKE POLLS are FAKE.
yep that’s it, you can now teach at any university in the US!!
Absolutely. Indeed, I strongly believe that Clinton deliberately allowed the CEO's crimes to continue so their companies' stock prices would be artifically inflated, creating a bubble and a fake impression of prosperity.
Good news is bad news and bad news is bad news.
Thus we create a society eager for government salvation for the cost of our freedoms.
It's the Democrat dogma.
Uh oh. Another thing that President Bush’s fault!!! Call CNN, quick!!
Excellent news! I’ll bet there are many people smiling tonight!
“Exciting as hell... But I think the time to get off the roller-coaster is right now.”
Nope. Ride it to 15,000. Technology stocks. EMC in particular. There will always be a need for storage and EMC is by far the leader. Stock is $19.00 a share. Best deal money can buy.
Oh no, they are crying tonight. Katy Couric told us how bad everything was. But not to worry, Hillary was all over the news tonight. She is the strong leader, the what is the right word, the ‘Dear Leader’, who is going to save us.
Speaking of bubbles that created fake impressions of prosperity, have you looked at real estate prices in the past six years? Every administration turns a blind eye to scandal, as long as the economy looks healthy on paper.
Its a quagmire. Worst Economy Ever. We’re all gonna die. Women and children first. Halliburton, GWB, Hitler, the mothership, 13, where’s calypso louis ?
/end MSM rants.
My sign: Will shoot lawyers holding signs declaring ‘will sue for double mocha, half decaf, soy latte’, half price special runs through July.”
that’s all very nice. Of course, some of us don’t own stock. In fact, most of us are in debt (average american savings rate is *negative*). Thanks to Jorge Bush and his globalist agenda, some people are doing really, really well. The over $10 million housing market is *booming*—us Alt-As, not so much.
Just keep them Mexicans comin’ over, keep those corporate profits rollin’, and keep those stock prices high. It’s the *shareholders* that matter, ya know. The rest of us vermin need not apply
However, when the news is bad, emotion sweeps into the reporting, as if the sky were falling.
More MSM bias.
I have been doing well with a certain hedge fund, and lets just say you are right to be cautious.
A foreign hedge fund, I meant.
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