Dow Closes Shy Of 14000 Mark

[The Coach]

Ok, liberal lets hear about how the economy is as bad as the depresson was, BTW, this is the 31st time it broke a record this year........in wartime!!


Dow Closes Shy of 14,000 Mark
CBNNews.com
July 17, 2007


CBNNews.com - NEW YORK - The Dow Jones industrial average rose to a new high Tuesday as it surpassed 14,000 for the first time.

The Dow hit 14,002.60 in the first half-hour of trading, but dipped during the day.

Since spring, stocks have shown a pretty steady rise amid various buyouts, high fuel prices and troubles in the housing industry.

"One of the things we know about the Dow being only 30 stocks is that it is a bit less representative of the entire market, but it is still a sign that large-cap multinationals continue to drive this market," said Peter Dunay, an investment strategist with New York-based Leeb Capital Management. "For the moment, the momentum and strength is so good. You can't fight it."

According to preliminary calculations, the Dow rose 20.57, or 0.15 percent, to 13,971.55.

The S&P 500 index ended flat, slipping 0.15, or 0.01 percent, to 1,549.37. The Nasdaq composite index rose to close at 14.96, or 0.55 percent, to 2,712.29.

Source: The Associated Press


http://www.cbn.com/CBNnews/196440.aspx

[youandme]

uuhhhh you just answered your own question..."wartime" duh

[The Coach]

uuhhhh you just answered your own question..."wartime" duh

The economy is historically BAD during "wartime" duh

[youandme]

The economy is historically BAD during "wartime" duh

yeah for the plebs, duh.

just read some Cicero. 

[Hugo Chavez]

The economy is historically BAD during "wartime" duh

That is not correct.  Economies do better in wartime and yes corp America is doing very well which is not any sort of a valid "
I told you so liberals" when increasingly the ones benefiting live in China, Indonesia, India etc...  The middle class is not benefiting like you might have seen in the past with companies doing good.  The trend of outsourcing is increasing so the problem could get even worse.

[Decker]

Ok, liberal lets hear about how the economy is as bad...

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 18 Jul 2007 at 02:14:46 PM GMT is:
 
$8,888,755,013,295.88

The estimated population of the United States is 302,461,684
so each citizen's share of this debt is $29,388.04.

The National Debt has continued to increase an average of
$1.31 billion per day since September 29, 2006!http://www.brillig.com/debt_clock/

The debt was $5.7 trillion in 2000. 

The math is easy.  The projections for 2008 puts the National Debt at over 10 trillion dollars.

Let's not forget this either:

U.S. savings rate hits lowest level since 1933
Consumers depleting savings to buy cars, other big-ticket itemshttp://www.msnbc.msn.com/id/11098797/

The overall economy blows.

We live like welfare queens maxing out our credit cards.

Let's not forget who holds the mortgage note for our irresponsible living:  http://www.treas.gov/tic/mfh.txt

Japan & China own our sorry asses thanks to Bush and his Borrow and Spend policies.

As for the Dow Record...I suggest you look at the Clinton years to see what real records look like.  http://www.the-privateer.com/chart/dow-long.html

The performance of the Bush economy is bush-league compared to the performance under Clinton.

[The Coach]

The overall economy blows.

The performance of the Bush economy is bush-league compared to the performance under Clinton.

LOL, I was right, how predictable LMAO!!

BTW, you can pretty much thank the repubs for Clintons "economy" ALSO, if you look (I'm trying to remember, I don't have time like most people on here to research all day) Clinton's "economy" started going in down the shitter about a year or so BEFORE Bush came along.

Lets face it Decker, if Bush solved all the worlds problems, cured Aids, and people lived happily ever after you nor anyother dem/lib would give him credit. I just gotta laugh, this is too damn funny and again.......predictable!

[Decker]

The economy is historically BAD during "wartime" duh

Why would that be when industry is working OT to meet the demands of wartime survival?  Not to mention you could just peruse historical records of US GNP to see the obvious increase during wartime production.

[Straw Man]

Joe,

The DJIA is not a barometer of the health of the economy. 

It tells us nothing more than the sentiment of buyers of a particular group of stocks

btw - you should probably get your financial news (actually all your news) from a source other than Pat Robertson

[Decker]

LOL, I was right, how predictable LMAO!!

BTW, you can pretty much thank the repubs for Clintons "economy" ALSO, if you look (I'm trying to remember, I don't have time like most people on here to research all day) Clinton's "economy" started going in down the shitter about a year or so BEFORE Bush came along.

Lets face it Decker, if Bush solved all the worlds problems, cured Aids, and people lived happily ever after you nor anyother dem/lib would give him credit. I just gotta laugh, this is too damn funny and again.......predictable!

Let's speak some words with Iron in them (Josey Wales.)

The president has a small effect on the economy by himself--the power of appointment (Chrmn of Fed Res) and the bully pulpit are his only real weapons.  If the president has a compliant Congress, like Bush did, then he can do more damage--like with Bush's ruinous tax cuts.

The economic cycle is what economic performance is all about, i.e, the expansion and contraction of the economy.  The steeper the contraction, the larger the expansion.  It is a phenomenon so complex that I couldn't even pretend to say, "Look at what Bush did!"

If Bush solved only one of the world's problems I would give him credit.  But he hasn't done that.  He's just fouled our system of government and brought shame to the office of President.

Now would you explain to me why the President is responsible for the performance of the stock market?

[ieffinhatecardio]

Joe,

The DJIA is not a barometer of the health of the economy. 

It tells us nothing more than the sentiment of buyers of a particular group of stocks

btw - you should probably get your financial news (actually all your news) from a source other than Pat Robertson

That is correct, sir.

"While many people study the Dow Jones Industrial Average, there are limitations to its usefulness, according to Western Blue Chip editor Dawn McLaren. "Rather than a barometer of the economy as a whole, the DJIA is more appropriately used to measure the financial health of the largest companies in the United States. The DJIA is, after all, an index created by the average of 30 widely held public companies."

http://www.asu.edu/news/business/bluechip_052804.htm

[Decker]

LOL, I was right, how predictable LMAO!!

....

You ask for criticism of the economy's performance during the Bush administration, then you pat yourself on the back for getting a response. 

Of course it's predictable, you asked for it.

[Hugo Chavez]

Bump

[240 is Back]

ouch.

[Neurotoxin]

Ok, liberal lets hear about how the economy is as bad as the depresson was, BTW, this is the 31st time it broke a record this year........in wartime!!

Dow Closes Shy of 14,000 Mark
CBNNews.com
July 17, 2007


CBNNews.com - NEW YORK - The Dow Jones industrial average rose to a new high Tuesday as it surpassed 14,000 for the first time.

joeloco, please stick to neocon politic's. 


NT

[Hugo Chavez]

 

[donrhummy]

Ok, liberal lets hear about how the economy is as bad as the depresson was, BTW, this is the 31st time it broke a record this year........in wartime!!


Dow Closes Shy of 14,000 Mark
CBNNews.com
July 17, 2007


CBNNews.com - NEW YORK - The Dow Jones industrial average rose to a new high Tuesday as it surpassed 14,000 for the first time.

The Dow hit 14,002.60 in the first half-hour of trading, but dipped during the day.

Since spring, stocks have shown a pretty steady rise amid various buyouts, high fuel prices and troubles in the housing industry.

"One of the things we know about the Dow being only 30 stocks is that it is a bit less representative of the entire market, but it is still a sign that large-cap multinationals continue to drive this market," said Peter Dunay, an investment strategist with New York-based Leeb Capital Management. "For the moment, the momentum and strength is so good. You can't fight it."

According to preliminary calculations, the Dow rose 20.57, or 0.15 percent, to 13,971.55.

The S&P 500 index ended flat, slipping 0.15, or 0.01 percent, to 1,549.37. The Nasdaq composite index rose to close at 14.96, or 0.55 percent, to 2,712.29.

Source: The Associated Press


http://www.cbn.com/CBNnews/196440.aspx

I love how you quote things that always contain an argument against yours. LOL. The Dow, according to YOUR POST'S QUOTE, is not a good representation of the overall market.

[Busted]

[Eyeball Chambers]

Coach is something else isn't he..... haha

[War-Horse]

comedy gold....couldnt see the forest for the trees in the way.......

[Bindare_Dundat]

Coach will be standing in the shower line at the FEMA camps asking, "Is this where the Rush Limbaugh book signing is?"

[War-Horse]

Coach will be standing in the shower line at the FEMA camps asking, "Is this where the Rush Limbaugh book signing is?"

LMAO.   I missed this place.

[Neurotoxin]

Ok, liberal lets hear about how the economy is as bad as the depresson was, BTW, this is the 31st time it broke a record this year........in wartime!!

care to change your mind Rush Coach ? 



NT