Good news on economy pushes stocks to record highs

[Omaha Steve]

Source: AP-Excite

By MATTHEW CRAFT

NEW YORK (AP) — More encouraging economic news and friendly signals from the Federal Reserve cheered investors on Thursday, as the stock market climbed to another record high.

The gains came a day after the Fed made clear that it's in no hurry to raise a key bank lending rate, easing a major concern for the stock market.

Eight of 10 industry groups in the Standard & Poor's 500 index rose, led by financial stocks.

"The question isn't 'Why are we up today?'" said Dan Veru, chief investment officer at Palisade Capital Partners in New York. "It's 'Why aren't we up a lot more?' What you're seeing is the U.S. economy growing at a modest pace, not too hot and not too cold."

FULL story at link.



Trader Kevin Lodewick works on the floor of the New York Stock Exchange Thursday, Sept. 18, 2014. U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while. (AP Photo/Richard Drew)


Read more: http://apnews.excite.com/article/20140918/financial_markets-1db6a82c33.html

[DFW]

1. Omaha's Warren Buffet must be smiling

I looked at Berkshire Hathaway stock. $212,000+ PER SHARE.

[cactusfractal]

2. Remember a decade ago...

When we were saying that Americans were hurting under Bush, and the Rs just said, "Look at the market! It's doing great! Our economy is on the rise under this President!"

Yeah.

I remember.

Funny how somehow that no longer matters to them.

[jamzrockz]

5. And the ds

used to say the opposite. I guess now the stock market is the indicator to measure the economic progress of americans as a whole. We should have listened to the R when they were saying it instead we argued with them.

[tclambert]

7. In Bush's eight years the Dow Jones Industrial average lost about 25%.

10,581.90 open on Jan. 22, 2001 to 7949.09 close on Jan. 20, 2009. Worst eight years for the stock market since the Great Depression.

[CentralMass]

3. The top 1% makes a killing again. Mean while, wages as a share of the GDP slides into the dumper..

2013: 41.9
2012: 42.3
2011: 42.6
2010: 42.7
2009: 43.5

[Dont call me Shirley]

4. Doesn't that mean a crash is coming?

[Brigid]

6. Wake me when wages start rising.

[Psephos]

8. For Christ's sake, it's the FAKE FED MONEY, not a prospering economy.

Everyone who's anyone on Wall Street knows what a rigged game it all is. They laugh at the millions who literally have no idea how the system actually works (hint: it strips the middle class to enrich the elites), and they laugh again at the millions who believe the tripe that the government publishes and the newspapers parrot.

Wake up and sit down before the music stops.

Because it is going to stop.

[november3rd]

9. Agreed

With wages and interest rates so low, it's only because of the "Quantitative Easing" that the economy can survive on life support.

[Orsino]

10. Meanwhile, in the actual economy...

...already-struggling families are being ripped off a little faster by an emboldened class of Wall Street parasites.