Stocks up...Dashle saddened

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[spokeshave]

Stocks up...Dashole saddened

[spokeshave]

Market Update by Yahoo! 12:00PM: After taking most of Friday off following Thursday night's massive power blackout, buyers have returned with a vengeance in a telling sign that the intermediate tone of trading remains neutral - to even favorable - to bulls... The indices have improved their technical stance considerably this morning, with the Dow breaking above its June and July recovery highs and setting a new 13-month high in the process...

Substantial gains in the mid-March advance's leadership groups - semiconductor, biotech, disk drive, networking, computer hardware, and telecom - have paved the way for the broad-based buying drive, and led to the indices' strengthened position... Additionally, a strong showing from recent relative strength sectors such as cyclical and retail has contributed to the positive tone of trading... The latter has soared, due in part, to Lowe's (LOW 50.66 +1.76) better than expected Q2 (July) report and Wal-Mart's (WMT 58.92 +0.82) announcement that August comparable store sales could exceed its forecast of up 3-5%... A final development that has played an influential role in the market's rebound is the move higher in the treasury market...

The ensuing fall in interest rates has enhanced the investment appeal of equities, and removed some fears that market participants will begin rotating more money into high(er)-yielding bonds

[LS]

Watch it, if suddenly we nab Saddam. The market could crack 10,000 again.

[My2Cents]

Saddened. Saddened and deeply concerned.

[Texas_Dawg]

Daschle saddened... and the entire Bush-hating crowd at FR.

[VoodooEconomics]

Breakout true, but volume is a little weak.

[hapy]

little Tommy is not saddened, no no,
someone put a tac on the phonebooks piled on his sitting chair

[Hodar]

Wow ... just great ... 2 days after I sell my stock, the stock jumps up 15%. Maybe I should Freep and tell y'all what I'm selling, so you can jump in and make money I left behind.

[mbynack]

Women and minorities hardest hit.

[cornelis]

[Pikamax]

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12:30PM: The major indices continue to build upon their early gains, and set new best levels for the day... Up volume has outpaced down volume by a more than 3-to-1 margin at the NYSE and Nasdaq, while the breadth figures remain solidly bullish... The equity market's positive disposition has been rooted in the encouraging economic data seen last Friday, the fall in interest rates in the treasury market today, the strong day of trading in Asia (Tokyo's Nikkei +1.7%) and Europe (Germany's DAX Index +1.4%), and the dollar's rise versus the yen and euro...
The greenback, specifically, has moved to a two-month high against the euro due to the jump in US equities, and the Bundesbank's concession that it has seen no evidence of a recovery in Germany's economy... NYSE Adv/Dec 2069/1050, Nasdaq Adv/Dec 1999/1038

[spokeshave]

12.30 update:

Up volume has outpaced down volume by a more than 3-to-1 margin at the NYSE and Nasdaq, while the breadth figures remain solidly bullish...

[Steven W.]

you're supposed to sell your losers and keep your winners ;)

it was interesting this AM that the DOW went up against its recent resistance point at 9360 and almost immediately stopped its momentum. it never went back down much, however, and, then, since it appeared clear the DOW may well close above its breakout point around 9350, clear sailing to 9400. in August no doubt. doom & gloomers take note & beware the price to be paid for continuing to bet against America and our market economy!

[Digger]

I would like you to list all of these great wonders in the so-called great economy. Show me where the good paying jobs are, show me why a lemon cost 55 cents today whereas not long ago they were 15, tell me why even today my clients are cutting their staff due to cost factors & many now are selling or retiring. Do you believe Wall Street & these thugs in & around it? (BTW I'm glad it is up because the last thing America needs is the celluite-legged senator from NY in power but I only see hype & no substance)

[NYC Republican]

Breakout true, but volume is a little weak.

True, but taken into proper context- this is after all the summer slow season, it's still pretty positive news.

[NYC Republican]

Watch it, if suddenly we nab Saddam. The market could crack 10,000 again>

We'll see it either way, by year end. We're only 6.3% away from the 10k mark!

[The Old Hoosier]

Hey, Reg, can we get a "Daschle on Suicide Watch" graphic?

[GailA]

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