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Audacity of Truth
Dow breaks above 11K for first time since June 2001
Via Fox:
NEW YORK — The Dow Jones industrial average rose above the psychologically significant 11,000 point mark for the first time since June, 2001 Monday as stocks continued their recent rally.
The Dow Jones industrial average was up 42.51 points, or 0.39 percent, at 11,001.82, after climbing as high as 11,003.50 just after 1 PM EST. The Standard & Poor’s 500 Index was up 3.18 points, or 0.25 percent, at 1,288.63. The technology-laced Nasdaq Composite Index was up 12.24 points, or 0.53 percent, at 2,317.86.
In 2005, the Dow failed three times to break through the psychologically significant 11,000, a level not breached since June 13, 2001 when stocks were falling.
On Friday, the Dow closed about 41 points below 11,000 as stocks capped a week-long rally and pushed the major indexes to their highest closes in 4 1/2 years.
“It feels like the market’s going higher. It’s kind of impressive considering the rally on Friday,” said Rich Parker, head of trading at Stanford Group. “The next hour or so is going to be important. If it hangs in here or goes higher, it will probably lift the market significantly higher.”
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9 Responses to “Dow breaks above 11K for first time since June 2001”
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Aaaaaaand George Soros is already saying we’re heading into a recession.
What was totally ironic was at approx. the same time the dow was hitting 11k, Teddy Kennedy was telling “Ali-oto” how bad the economy was. Go figur?
Alioto is a San Francisco politician from the 90’s. What was Ted Kennedy thinkin? First the Osama Obama and then the Alioto mistake!
LOL! He was calling him “Alioto”?
Yeppers!
I may appear to be nitpicking here, but as Baklava pointed out, Teddy doesn’t even take the time to learn the persons name that he is referencing. That to me indicates he is a. pickled b. he is so out of touch and really can not relate to day to day functioning.
That shaking from the alchol syndrome was getting on my last nerve!
That shaking? That’s his passion ! He really cares about what he’s saying !
Economic growth continued during Clinton’s second term, eventually setting a record for the nation’s longest peacetime economic expansion. After enormous budget deficits throughout the 1980s and early 1990s—including a $290 billion deficit in 1992—by 1998 the Clinton administration oversaw the first balanced budget and budget surpluses since 1969. The vibrant economy produced a tripling in the value of the stock market, historically high levels of home ownership, and the lowest unemployment rate in nearly 30 years.
-encyclopedia britannica
p.s.
-Loooove the new haircut…
Is that you, Flamin’ Lib? –ST
Anything that helps my 401K is all right by me!