Dow soars to record heights: Dow hits 16,000 for first time, S&P 500 hits 1,800

[cali]

Stock market indexes are hitting new milestones on Wall Street.

The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor’s 500 index crossed 1,800 points.

Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.

The S&P 500 index has risen for six weeks straight and is up 26 percent so far this year. A growing number of market watchers are calling for caution after the steep rise.

Boeing rose the most of the 30 stocks in the Dow after the plane maker booked $100 billion in orders at the opening of the Dubai Airshow.


http://www.boston.com/business/markets/2013/11/18/dow-hits-for-first-time-hits/9KXCu9w9fVFSBSX5uKCvvL/story.html

[okieinpain]

1. i thought obamacare was destroying america. n/t.

[lpbk2713]

2. Faux will continue to beat that drum.

... and the willfully ignorant will continue to accept the Faux version of the truth.

[cali]

3. the claim that the ACA is destroying America is absurd but

I fail to see how the soaring stock market helps the majority of people or negates the economic mess we're mired in.

[okieinpain]

4. yes, but the way they tell it small companies will go bankrupt because of the

ACA.

[L0oniX]

5. There will be another economic hit coming soon because Glass–Steagall was discarded...

and Dodd–Frank is IMO intentionally weak. Dodd–Frank will not protect us from another US government enabled Wall Street theft IMO. But hey ...let's keep voting for corporate economic terrorists.

[Buns_of_Fire]

6. Well, goodie for them.

All it means to me is more money for CEOs and another ratcheting up towards the next bubble, on the way to Meltdown II.

[Brigid]

7. Too bad wages aren't soaring.

[JaneyVee]

8. Obama's Socialist agenda!

[maxsolomon]

9. Fed stimulus is inflating stock prices

giving free money to the banks.

Once it ends, the air goes out of the balloon.

[JohnnyAmerica]

10. And yet. . .

the economy still sucks, and people are still going without.
-sigh-

[FreeJoe]

11. Rebalancing

It's past time for me to rebalance, but the question is, where to put the money? Bonds scare me with interest rates this low. Stocks scare me with values this high.

[pansypoo53219]

12. if only there was a main street index.

JUXTAPOSED ever time next to wall street.

[AgingAmerican]

13. 40% of the economy is non existent money on paper

generated by the stock market.