Dow Jones industrial average closes above 15,000 points for the first time
Source: Associated Press
NEW YORK The Dow Jones industrial average is punching through another milestone: its first close above 15,000.
The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6%.
It was another milestone in the markets epic ascent in 2013. Good economic reports, higher corporate profits and support from central banks have eased investors concerns that another economic slowdown could upend the market.
Two months ago the Dow recovered the last of its losses from the financial crisis. So far this year its up 15%. . .
Read more: http://www.freep.com/article/20130507/BUSINESS07/305070109/Wall-Street-Dow-Jones
Well, we can only hope it trickles down.
infidel dog
(273 posts)Many things "trickle down", but I've never known Wall St. gains to be among them.
Blue_Tires
(55,445 posts)upaloopa
(11,417 posts)We were told that if investors do good we would benefit via osmosis or something.
I always thought that it was a waste of time to listen to those "your money" segments on the morning radio if you were not in the investor class. It sure in hell wasn't my money they were talking about.
stevebreeze
(1,877 posts)all our problems are solved.
Auggie
(31,167 posts)Ghost Dog
(16,881 posts)DeSwiss
(27,137 posts)- K&R
L0oniX
(31,493 posts)PD Turk
(1,289 posts)I just know the trickle down is going to happen this time! Grab your buckets , catch all you can!!
Canuckistanian
(42,290 posts)But my bank account shows no change. How can this be?
Nye Bevan
(25,406 posts)If you have a retirement account invested in stocks, however, you should see some improvement in the balance.
joshcryer
(62,270 posts)I agree that there is an improvement in the balance if you have an IRA. In the long run it grows faster than bonds or other securities. However, if you cash out at a downturn you're fucked and in reality you're still getting back returns far lower than the possible returns you could get if the top 10% didn't own so much stocks.
davidn3600
(6,342 posts)rucky
(35,211 posts)can't wait!
CountAllVotes
(20,868 posts)Ever since ol' Ronnie boy was the gov. of Calif.
No trickle there, just a lot of "tricks" and a lot of dreams that never came true.
Sickens me really.
I never believed it for a second and still do not.
It's not for me, that much I know.
ozone_man
(4,825 posts)What was the deficit we needed to pump the DOW to 15K? No amount of FED buying mortgaged back securities will save this economy.