Dow surges to record ... and keeps going

[Omaha Steve]

Source: AP-Excite

By STEVE ROTHWELL

NEW YORK (AP) - The Dow has never been higher.

The Dow Jones industrial average set a record and kept going on Tuesday. It jumped from the opening bell, climbed as much as 158 points early and reached 14,286, breaking through its previous record high from October 2007.

Twenty eight stocks in the 30-member Dow advanced, with industrial companies leading the gains. Cisco System rose 46 cents, or 2 percent, to $21.20 and United Technologies climbed $1.89, or 2 percent, to $91.

The gains represent a remarkable comeback for the stock market. The Dow has more than doubled since falling to a low of 6,547 in March 2009 following the financial crisis and the onset of the Great Recession. Stocks have rebounded sharply since then, helped by stimulus from the Federal Reserve, even as the economic recovery has been slow and steady.

FULL story ay link.


Read more: http://apnews.excite.com/article/20130305/DA4R5OO01.html

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Michael Pistillo, Jr. right, with Barclays, calls out the price of Tiffany & Co. stock to Joseph Lawlor at the New York Stock Exchange, Tuesday, March 5, 2013 in New York. The Dow Jones industrial average jumped nearly 100 points early Tuesday, reaching an all-time high, powered by China's strong economic growth targets and a jump in European retail sales. (AP Photo/Mark Lennihan)

[iandhr]

1. The President is one crappy socialist.

[llmart]

3. What????

I thought Republicans were better for the stock market.

[roxy1234]

16. I heard Ezra Klien

On MSNBC and he said when adjusted to inflation, this is no record at all and if fact the stock market in Clinton era was higher than today's numbers.

Just saying before we start popping champagnes.

[magic59]

2. What goes up

Always comes down

[marybourg]

7. Not the stock market. I started investing when the Dow was

1200. That's right twelve HUNDRED. Hasn't come down near there since. Sounds like sour grapes to me.

[magic59]

9. I guess you will learn the hard way but then thats just sour grapes.

You betcha!

[marybourg]

14. See #13 below and reflect whether you are in a position to school

me in financial matters (hint: I've been comfortably retired for 25 years) P.S. Can you really think the Dow is going to go back down to 1200? You do realize it's now at 14 THOUSAND. And possibly you don't realize that people move their money into less volatile assets as they get older and wealthier and so are not completely at the mercy of the stock market forever?

[savalez]

11. 2009?

[marybourg]

13. 1982

[savalez]

17. 1929

[marybourg]

18. Couldn't start investing then; wasn't born yet. But

I did start in 1982 at Dow twelve HUNDRED.

[Leslie Valley]

4. Since 98% of the Bush tax cuts have been made permanent

All they were waiting for is the draconian budget cuts to go into place.

I'm surprised they waited until today, maybe yesterday they were still hungover from the celebrating over the weekend .

But airline passengers will be waiting in longer lines to get groped and the public won't be able to see the Easter decorations at the White house this year.

We got them repugs on the ropes now don't we.

Happy days are here again
The skies above are clear again
So, Let's sing a song of cheer again
Happy times
Happy nights
Happy days
Are here again!

[iandhr]

6. The Market has been trending upward steadily since he took office.

This is one reason the NY TIMES gives.
"Chinese government announced that it would step up spending and European data showed that retail sales there have been stronger than expected.

After the bell sounded at the New York Stock Exchange, stocks were pushed up even more after a reading on the service sector in the United States showed that it had risen to its highest level of activity in a year, surprising analysts."

http://www.nytimes.com/2013/03/06/business/daily-stock-market-activity.html?pagewanted=2&hp.

It might be a while before the market feels the effects of the cuts.

[Blandocyte]

5. That hopey changey thing seems to be working

Yep. Indeed.

[Kingofalldems]

8. This is Communism, no question about it

[Berlum]

10. "Shit. Damn it." - Rush 'DraftDodger' Limbaugh (R)

"We Republicans just HATE it when America succeeds. Damn it all to hell."

- Rush 'DraftDodger' Limbaugh (R)

[Selatius]

12. Such a rapid rise was one predicted outcome of record low fed interest rates.

Borrowing money for institutional investors has never been cheaper. Of course they were going to pump that cash into stocks and bonds.

The problem is borrowing money for ordinary people is still very difficult.

[Pterodactyl]

15. Wall Street is AWESOME!