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Experienced Member |
NEW YORK (CNNMoney.com) -- Stocks climbed Wednesday, with investors starting off the third quarter on a positive note.
The Dow Jones industrial average (INDU) gained 57 points, or 0.7%, according to early tallies. The S&P 500 (SPX) index rose 4 points, or 0.4%, and the Nasdaq (COMP) climbed 11 points, or 0.6%. Stocks ended an otherwise strong second quarter with losses Tuesday on a weaker-than-expected consumer confidence report and falling oil prices. But investors moved back into stocks Wednesday after manufacturing and housing reports showed the pace of the contraction in those sectors is easing. Gains were broad based, with 24 of 30 Dow stocks rising, led by IBM (IBM, Fortune 500), Coca-Cola (KO, Fortune 500), 3M (MMM, Fortune 500) and oil components Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500). Wall Street is coming off the best quarter in years. The S&P 500 gained 15.2% in the April-through-June period for its best quarter since the last three months of 1998. The Dow rose 11%, posting its best three-month period since the second quarter of 2003. The Nasdaq's 20% gain gave it its best quarter since the second of 2003. First Published: July 1, 2009: 9:45 AM ET Happy times are here again, folks! The Dow passed the 8,500 mark! This is a GAIN of 25% since it's closing low of 6,500 back in March 2009! TWENTY FIVE PERCENT! You can't get that kind of return from any other investment out there, except maybe gold or oil! What are you waiting for? Jump back in! And if anyone tells you that the Dow has LOST 40% since it's closing high of 14,000 back in October 2007.... Just tell them..... That..... The Dow is.... UP TWENTY FIVE PERCENT! They can't deny it, because it's TRUE, TRUE, TRUE!!!!!  |
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Highly Experienced Member |
Expect it to go back down as people and funds take their profits.
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-------------------  Proud Member Derelict Veterans' Group -------------------  |
Yep, many will. Also the boomers will be taking theirs out as well. Todays politics remind me of an old saying. - "Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas?" - Joseph Stalin |
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Member |
Don't bet the farm on its continuing up!
The only thing sure about the market right now is that market expert Bernie Madoff got 150. |
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Member |
lol. Dublin.
It's sad and it's funny and it's true. I love it. man, all you "sky-is-falling" Chicken Littles need to take a coffee break already. |
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aka Popsiq...banned for good |
A somebody said as they watched Dan Sickles' Corps advance from Cemetery Hill on the second day at Gettysburg, "They'll be back."
They were. The 'fleecing of the suckahs' continues. |
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Sarcastic Member |
Big deal, it is still 15% down from last year. So the only people who care about day to day changes are the Wall Street day-trading types. Is this a posotive sign of recovry? Sure. But until my investments are worth what they were a year ago it is still a loss. |
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Experienced Member |
The dow has hovered around the 8500 mark for several weeks now. I lost a bit on shorting a 6500 Dow(cuz it didnt happen)but oil has gone up almost tracking the Dow.
The fundamentals really dont quite support a 8500 index but I think we are at least within the realm of realism. The one to watch for a more accurate picture is the S&P 500. once it gets above 950 and stays then it might mean something. I do think there is a real possibility of this being a fools run and that many people will be sucked into it before we see a sharp downturn due to the massive amounts of money in the system and hyperinflation finally rears its ugly head. It may not seem like it now but there is way to much money in circulation and thats with most folks are saving it instead of spending it. Oil being twice the price as market fundamentals say it should be proves that people are buying lots of it to counter the possible weakness in the dollar. As much as I would like to say that the worst is behind us and we should see positive growth, I cant. What has been done by the current power brokers in the White house and congress has set us up for the very real possibility of financial ruin. Hold on to your money or buy gold. |
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Highly Experienced Member |
I don't think that the 10% of America that is unemployed care about the stock market right now.
This message has been edited. Last edited by: mainedawg, |
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"Bowlers have BIG balls!"  |
The market sure is fickle...   "The World's Finest" |
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Member |
Right now the Dow id DOWN over 169 points.
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Member |
And, the Dow closed at: 8280.74.
Down: 223.32. What will it do tomorrow? |
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------------------- Proud Member Derelict Veterans' Group ------------------- |
Don't go pee pee in his wheaties.  Todays politics remind me of an old saying. - "Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas?" - Joseph Stalin |
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Experienced Member |
I guess my attempt at sarcasm didn't go over too well.
Remember me? I'm the guy who considers the Stock Market to be the biggest Ponzi scheme in recorded history. (No kidding) My initial post was meant to be FUNNY! Doh!  |
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------------------- Proud Member Derelict Veterans' Group ------------------- |
Sorry, I didn't get the joke. I have been pretty sensitive since folks have been trying to feed me urine in a cup and tell me it's ice tea. Todays politics remind me of an old saying. - "Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas?" - Joseph Stalin |
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* |
You shoulda kept quiet! Ya cause it to tank!!  Wandering and Wondering |
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New Member |
LOL...Recovering?
People are just covering their shorts.....the crash is coming, its inevitable. |
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Experienced Member |
"Crash" is misleading. What we are seeing is a "re-pricing" of assets. It is (and was) LONG overdue. Real Estate and Stock values were unrealistic and were kept inflated by speculators, massive borrowing and artificially low interest rates. As I have said before, America has been in "decline" since 1975 and the eventual outcome is obvious and.....inevitable. Saigon '75 will be viewed by future historians as the "beginning of the end" of the American empire. After that, we allowed our own arrogance and ignorance to pull us down. It's not the end of the world, just the end of America as THE world power. There will be painful adjustments that will affect, mainly, the working class. The rich have resources stockpiled and the poor will benefit under a Democratic President and Democratically controlled Congress. What's important is for YOU (if you are a member of the working class) to look after your OWN interests and not those of your financial advisor. |
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* |
Probably more like the failure to get less than a victory in Korea in 1953. That was the first instance of the Communists drawing even. Then the failure to oust Castro - then Viet Nam, then the pullout of the military from the Philippines, and signing away the Panama Canal. Britain has been pulling back at the same pace from the Middle East and the Orient, with the one exception being the Falkland Island fight: a momentary flash of the old fire, like our fights in Iraq, but the tide is still going out - - The English-speaking Empire is in regression just like its predecessor, the Spanish Empire - - Whose next to claim World Empire? It has to be someone with a strong industrial capability, plenty of extra people to man both the factories and the tanks, access to plenty of fuel, the will to reach out and take what's needed without hedging on morality, and the desire to do so - - Now who would that be - - ? Wandering and Wondering |
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Highly Experienced Member |
Texas?
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