Stocks Close Above 14,000 For First Time (Worst...Economy...Ever)

AP ^ | Thursday, July 19, 2007

[Hardastarboard]

President Bush gets no credit for cracking down on corrupt CEOs and accounting firms after they had gotten away with murder under Clinton.

You know, you make a good point. I always thought it was Clinton's "anything goes" / no interference from the MSM / administration that led to a lot of that coporate malfeasance. It just seemed to me that they thought, "Hey, the President's corrupt (and probably a few of them dropped some bucks in his pocket), we can get away with it, too".

Or, as I like to say, I use the moral standard WWBCD - "What would Bill Clinton do?". It gives me a LOT more leeway.

[Arrowhead1952]

Here is an actual letter to the editor from today’s Austin paper. You have to register to read online.

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Simply put

This is the worst economy in 50 years. Thanks, President Bush.

JERRY STRANGE

Austin

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http://www.statesman.com/opinion/content/editorial/stories/07/20/0720letters_edit.html

[Between the Lines]

48 posts before we get to Bush’s fault? Someone is slipping up.

[DoughtyOne]

Yep, worst economy since the Great Depression. That *)&)(*&)& Bush!!!

The left can’t figure this one out. Heh heh heh...

[RightWhale]

Ride it to 15,000.

Down 120 so far today. Is this the momentum-gathering stage of the ride?

[stockstrader]

MINORITIES AND WOMEN HIT HARDEST

[RightWhale]

Kurzweil is a trip all right. How about that memory chip brain implant when somebody sets off an EMP nuke and everybody forgets his key code?

[1035rep]

"Bush set a standard that has given investors confidence. It was his Justice Dept. that went after Enron and Worldcom and all the rest."

Thank you President Bush! 

[cookcounty]

In the capsule summary on page 1 of the 14000 story in the Colorado Springs Gazette this morning, the seventh word is "BUT".

[1035rep]

"Stocks Close Above 14,000 For First Time"

Great news!

[Holicheese]

I learned something the hard way, “You never lose money by taking a profit!”

[OldArmy52]

DOW would be a lower if not for the large money supply inflation being done.

[TINS]

uhhh...did you read what i wrote?

[Rennes Templar]

They meant: We don’t report on the good economy, this is a biased new station.

[ex-Texan]

Today, there was a huge sell off as savvy investors cashed in their profits. No big mystery. What goes up must come down. U.S. stock markets are primed for a 10% fall back.

Yes, all the signs say Sell, Sell, Sell !

[EQAndyBuzz]

“Down 120 so far today. Is this the momentum-gathering stage of the ride?”

Patience is a virtue. The market was down a couple of hundred points two weeks ago. It went from 13,700 to under 13,500.

Economy is good. Companies are reporting good earnings. Inflation is low. Today something happened. It is called profit taking. Like many, today I took my profits from my investments and on Monday I will reinvest them with the hope of making more money.

[Libertina]

You’ve got THAT right!

[TampaDude]

48 posts before we get to Bush’s fault? Someone is slipping up.

Uh...check out post #15...

[Cinnamon]

I was listening to NPR this morning and they said something about the DOW not being able to pass the 14k mark. NPR is a very depressing group man.... eat dirt NPR!!!!

[Cinnamon]

Rooovvve!!!