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Stocks Rocket To Biggest Gains Of 2009
The Business Insider ^ | 11-09-2009 | Vince Veneziani

Posted on 11/09/2009 1:34:10 PM PST by blam

Stocks Rocket To Biggest Gains Of 2009

Vince Veneziani
Nov. 9, 2009, 4:03 PM

Today was one for the record books.

The Dow Jones Industrial Average hit its 2009 year high today, going as high 10,228 in late afternoon trading and finishing at 10,227. The NASDAQ didn't do too bad either, ending up 41 points at 2154. The S&P 500 was able to gain 23 points to close at 1093.

The Federal Reserve today also released a survey that shows banks are still limiting the amount of credit offered to both businesses and consumers. The market couldn't have cared less.

Gold also had a huge day. November gold futures ended at $1,100.80 an ounce and December contracts came in at $1,101.40 as gold continues to break records. Oil ended up $2.00 at $79.43 a barrel. The dollar, as expected, continues to fall to new lows.

[snip]

(The DJIA closed up 203 points today.)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: djia; dow; economy; market; stocks
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1 posted on 11/09/2009 1:34:13 PM PST by blam
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To: blam
One bubble fails, others must be inflated.

But where's the job bubble?

2 posted on 11/09/2009 1:35:54 PM PST by bsf2009
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To: bsf2009

The job bubble has to wait for the jihadist Death bubble to fade.


3 posted on 11/09/2009 1:36:46 PM PST by Paladin2
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To: blam

I’m sure that when the Dow hits 15000, it will be a great comfort to those of us who will be standing in the soup lines....


4 posted on 11/09/2009 1:37:02 PM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: blam
Stock Market Investors Needn’t Fear A Double-Dip Economic Recession


5 posted on 11/09/2009 1:37:20 PM PST by blam
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To: blam

Duh, the market is ‘rising’ because the money the stocks are priced in is becoming worthless, as evidenced by the spike in the price of gold.


6 posted on 11/09/2009 1:39:09 PM PST by Liberty1970 (God: He who honors Me, I will honor.)
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To: blam

Seems like time to sell? I mean, you have gains that are supported by nothing.

Who’s going to sell?


7 posted on 11/09/2009 1:39:32 PM PST by brownsfan (The average American: Uninformed, and unconcerned.)
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To: bsf2009
But where's the job bubble?

There's no money to be made off it.

8 posted on 11/09/2009 1:40:21 PM PST by MNJohnnie (Note to the GOP: Do not count your votes until they are cast.)
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To: bsf2009

The jobs sinkhole.
We must use it to sink Democrats in 2010.


9 posted on 11/09/2009 1:40:59 PM PST by nascarnation
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To: Liberty1970

Exactly. This stock bubble is being fueled by the use of our increasingly worthless dollar as funding for carry trade.

It is going to be HIDEOUS when it pops.


10 posted on 11/09/2009 1:41:06 PM PST by Zeddicus
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To: blam

This is just the band playing on the deck of the Titanic.


11 posted on 11/09/2009 1:42:23 PM PST by henkster (0bamanomics: The "Final Solution" to America's "Prosperity Question.")
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To: Liberty1970

You have got that exactly right!

Follow this link to Jesse’s Cafe and see.

http://jessescrossroadscafe.blogspot.com/2009/11/perspective-sp-500-rally-from-first.html

The SPX compared to the Euro and Gold.

The stock market is a joke.


12 posted on 11/09/2009 1:44:40 PM PST by TruthConquers (Delendae sunt publicae scholae)
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To: Zeddicus

Our only investments in the Stock Market are in the 401Ks and the 500.00 children’s education funds.

What do I do? It isn’t much but I don’t want to lose it all.


13 posted on 11/09/2009 1:45:47 PM PST by netmilsmom (Psalm 109:8 - Let his days be few; and let another take his office)
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To: TruthConquers

” The stock market is a joke. “

And yet, I’m not laughing....


14 posted on 11/09/2009 1:48:16 PM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: netmilsmom

I recetnyl moved my entire 401k into a stable value bond fund, and will be cashing it out entirely when my layoff termination becomes final next week.


15 posted on 11/09/2009 1:49:01 PM PST by Zeddicus
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To: Zeddicus

“recetnyl” = recently

Epic typo.


16 posted on 11/09/2009 1:50:09 PM PST by Zeddicus
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To: Uncle Ike

Totally agree with you there.

I laugh, but it is not a fun filled ‘haha’ laugh. More like ‘I feel sick’ laugh.


17 posted on 11/09/2009 1:53:23 PM PST by TruthConquers (Delendae sunt publicae scholae)
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To: blam
The Federal Reserve today also released a survey that shows banks are still limiting the amount of credit offered to both businesses and consumers. The market couldn't have cared less.

And for good reason..If the banks ever release that cash there will be inflation a la Zimbabwe in short order.

18 posted on 11/09/2009 1:55:14 PM PST by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: blam

I am thoroughly convinced there is massive market manipulation happening and equally convinced that Soros is behind it. And hell I’m not even a conspiracy person but if you have time research what that bastard has done to smaller individual countries economies.

This is smoke & mirrors to lull people into reversing what they know..........a.k.a. reality


19 posted on 11/09/2009 1:58:10 PM PST by Outlaw Woman (I will die on my feet before I live on my knees.)
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To: Zeddicus

Thank you!


20 posted on 11/09/2009 2:06:58 PM PST by netmilsmom (Psalm 109:8 - Let his days be few; and let another take his office)
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