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Dow Nears 2003 High as Stocks Rally
Yahoo! News ^
| 5/30/2003
| Steve Gelsi
Posted on 05/30/2003 12:51:44 PM PDT by Pyro7480
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To: kissthis
Any KO (Coke)? I had to watch it go from 54 to 37 - and had to bail - glad its coming back. Over time its been almost unbeatable but a man has his limitations. Anybody with KO can thank me 'cause I sold at the absolute low. ;-(
Like when I wash my truck - rain w/in 24 hours , guaranteed. ;-)
21
posted on
05/30/2003 2:53:46 PM PDT
by
Tunehead54
(Support Our Troops! Screw France.)
To: Tunehead54
To: kissthis
with the biggest gains in American Express, Caterpillar, Boeing, Home Depot and Coca-Cola." I carry American Express Cards, have a Cat hat, fly on Boeing airplanes, shop (frequently) at Home Depot and drink Coke. Does that mean you owe me something?
23
posted on
05/30/2003 4:41:53 PM PDT
by
CholeraJoe
(Standing tough under Stars and Stripes)
To: OldFriend
Heard the most hilarious newscast on WABC radio. Talking about the serious drop in consumer sales........01%......followed by the statement that Americans were sooo worried they didn't buy food and clothing.Exactly right. We didn't spend our money on food and clothing. My wife and I bought two (2) SUVs. Yes they're used, but we needed newer vehicles. Yep, no one is buying hardly anything. LOL.
To: MeneMeneTekelUpharsin
All those new houses being built have empty interiors too.......no plumbing or heating/cooling...no walls, no appliances.........definitely no refrigerators since no one is buying food. No closets either, cause no one is buying clothing.
25
posted on
05/30/2003 5:45:30 PM PDT
by
OldFriend
(without the brave, there would be no land of the free)
To: wardaddy
Parked ... signs ... aching. Fine.
26
posted on
05/30/2003 5:51:14 PM PDT
by
bvw
To: Pyro7480
The NASDAQ is closing in on its 2002 high. The author is covering the wrong index. $SOX is where the action is.
To: Pyro7480
The NASDAQ is closing in on its 2002 high. The author is covering the wrong index. $SOX is where the action is.
To: kissthis
Whoo Hooo!!! I hold 3 of the 5 [American Express, Caterpillar, Boeing, Home Depot and Coca-Cola].
It was a VERY GOOD day. You win. I hold only 2 of the 5, so I merely had a GOOD day. :^)
29
posted on
05/30/2003 6:37:12 PM PDT
by
Mark Turbo
(The saga continues.)
To: wardaddy
As predicted here, people are beginning to buy up dividend paying stocks in order to maximize their after-tax income. The dividend tax, as of yesterday's signing by President Bush, is now only 15% (half of its 2002 level), and will be completely repealed in 2004.
This new trend towards tax-free income is going to absolutely CRUSH the "tax free" muni bond market, especially since so many cities are defaulting (and a couple of states may even default).
Of course, flights to the safety of U.S. Treasuries won't really see this as a big negative, but those municipalities who need to issue more bonds are going to feel the pain!
Why risk all of your investment in a tax free muni bond that might default, when all that you can get is a 5% return...especially since you can now buy dividend paying stocks that give you tax free returns of more than 10%?!
So is it any wonder that Socialists in urban areas are gloomy, while the rest of America cheers on the new buying binge on the Stock Markets?!
30
posted on
05/30/2003 6:41:39 PM PDT
by
Southack
(Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
Not to mention that muni is gonna lose about 8-10% in value if interest rates go up a full point.
31
posted on
05/30/2003 9:59:13 PM PDT
by
wardaddy
To: Southack
That aspect and the fact we are winning in some key ways wrt Euro, despite or because of the $ going south, are good signs. However I don't agree with the princible that the big stock markets will be the indicator of economic health or recovery.
32
posted on
05/31/2003 7:51:49 AM PDT
by
bvw
To: Pyro7480
This is the woest nightmare that the democrats could have imagined.
33
posted on
05/31/2003 7:55:18 AM PDT
by
AlGone2001
(If liberals must lie to advance their agenda, why is liberalism good for me?)
To: bvw
Liquidity driven speculation, index allocation by drivers of other people's money. Though there might be something to the new tax cuts on dividends sparking some interest. I have T held in trust and since it has a P/E of 0 (money loser)it still has had a nice run this year perhaps it is the current 3.9% yield with dividend.
34
posted on
05/31/2003 7:59:25 AM PDT
by
junta
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