Dow Hits 16,000 for First Time, S&P 500 Hits 1,800 (Both all time highs)

ABC News ^ | 11/18/2013

[SeekAndFind]

Stock market indexes are hitting new milestones on Wall Street.

The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points.

Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.

[Texas Eagle]

Praise stimulus!

[shankbear]

QE makes this a house built on sand, not on rock.

[NautiNurse]

Buy high! Sell low!

[Grampa Dave]

The floundering of Obozocare seems to have a positive impact on our markets.

[dfwgator]

P-P-T.

[crz]

Wait till this SOB collapses. This is a repeat of the 1930s...worse.

[Texas Eagle]

So now Wall Street is a good thing.

[circlecity]

"Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits"

Are company profits really up all that much? I sure don't see that the US economy has improved all that much by any objective measure. Is this the result of large volume trading or primarily institutional trading? Isn't this just a result of the fed pumping 80 billion dollars into the market every month?

[ßuddaßudd]

And Øbama will take credit for this as usual,, but not the crash of course.

[nascarnation]

Remember that a lot of these corp profits are being earned outside the US.

[musicman]

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[rktman]

Woo hoo! With the choices I made, I’ll most likely lose more money today. LOL! Another opportunity for the missus to say “Way to go dumbass!”

[Wyatt's Torch]

Corporate profits:

[Texas Eagle]

Another opportunity for the missus to say “Way to go dumbass!”

At least your missus has the decency to say that in her out-loud voice.

[TheRhinelander]

I will continue to rely on my financial adviser, who is well trained in such things, and has an arsenal of resources to use within her company to help with my decisions instead of a bunch of people in FR who have never taken an economics course.

[nascarnation]

I can see tonight's MSM news screaming intro:

Recovery for Wall $treet but not Main Street ......right......

[Therapsid]

The chins love U.S. again!

Whats detroit worth?....500 pts?

[carlo3b]

As the bubble grows so does the risk.. Guessing when the music will stop is a huge gamble.. The Fed is the last place to look to for any solution, all they are doing is prolonging, and postponing, the pain that is coming..

[circlecity]

I feel this will be the mother of all bubbles when it finally bursts.