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| Economy |
| Dow Jones share index hits new record high |
| 2013-03-05 |
| New York's Dow Jones share index set a new all-time high on Tuesday, returning to levels not seen since before the global financial crisis. The Wall Street index reached 14,273 in lunchtime trading, exceeding the previous record intra-day high of 14,198, set in October 2007. The recovery in the market suggests investors are regaining confidence in the US economy. That is despite the ongoing fiscal crisis in Washington. The Dow has more than doubled in value since it plummeted to less than 6,550 points in the depth of the crisis in March 2009. The Last Time The Dow Was Here... |
| Posted by:tipper |
| #4 Can you say "bubble"? Sure you can. |
| Posted by: Ebbang Uluque6305 2013-03-05 19:13 |
| #3 If you ever had any questions about whether the stock market had any connection to reality, this is the answer. They are just shuffling paper and bidding it up on the "bigger fool rule" and playing financial musical chairs with the money. These guys are the ones that blew up everyone's home equity and they should all be in jail. They should close the joint down and send them all to Angola to fight mosquitoes. We can get all the capital we need on the Chinese bond exchange. |
| Posted by: Bill Clinton 2013-03-05 17:25 |
| #2 If you're wondering where all the currency BenBernanke is photocopying is being dumped... I'd guess also record P/Es. i.e no growth to support it. |
| Posted by: Bright Pebbles 2013-03-05 14:20 |
| #1 The Dow has more than doubled in value since it plummeted to less than 6,550 points in the depth of the crisis in March 2009. What was the price of gas back then before the Fed and Treasury started wholesale debasing of the currency? Debased currency, debased Dow. Which by the way this seems appropriate in context. |
| Posted by: Procopius2k 2013-03-05 12:43 |