Dow Jones industrial average trades above 12,000 points

[jefferson_dem]

Source: AP

Dow Jones industrial average trades above 12,000 points

NEW YORK (AP) — Dow Jones industrial average trades above 12,000 points.


Read more: http://hosted2.ap.org/txdam/a227c868771a4f9a96b85fd8199d46b3/Article_2011-01-26-APNewsAlert/id-8e7222a003534a1787d9f0279ed43b6d

[Ian David]

1. OMG! Obama is the WORST Socialist EVER! N/T

[bossy22]

2. good news

especially to those who have a good amount of their retirement in the stock market

[stockholmer]

4. hope those retirements come soon, this is a pure suckers rally, check back in summer

sugar high, sugar crash.....the fundamentals are horrid in the mid to long term

of course the stock market rallies when the Fed is pumping hundreds of billions into the system via POMO

IMF: Instability Threatens Recovery...
http://online.wsj.com/article/SB10001424052748704698004576103562468947874.html?mod=WSJ_hpp_MIDDLTopStories

Insider Selling To Buying Ratio: 2,842 To 1
http://www.zerohedge.com/article/insider-selling-buying-ratio-2842-1

OH NO: Price Drop Points to Likely Double Dip in Housing Market...
http://www.cnbc.com/id/41249093

Jobless Rise in 20 States as Workers Still Laid Off...
http://www.cnbc.com/id/41252294

UK Economy May Be Heading for Double Dip...
http://www.cnbc.com/id/41249868

Mortgage Applications Tumble Double Digits, Refinance Index Hits Lowest Since January 2010
http://www.zerohedge.com/article/mortgage-applications-tumble-double-digits-refinance-index-hits-lowest-january-2010?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Payrolls Decrease in 35 U.S. States, Led by New York
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aq.cjovYXGwo&pos=3

[Lochloosa]

3. Strong home sales propel Dow above 12,000

New-home sales climb more than expected. Boeing and Yahoo drop on weak forecasts. Obama calls for a spending freeze and says the corporate tax rate should be cut. Wall Street awaits the Fed's rate decision.

http://money.msn.com/market-news/post.aspx?post=aaa5a904-fb21-42cd-88f4-8925827fef1f>1=33009

Update.

[brooklynite]

5. Dow Reaches 12,000 Level

Source: CNBC

The Dow Jones Industrial Average rose more than 20 points to hit the psychologically important 12,000 level, after closing largely flat on Tuesday. The last time the Dow closed above the 12,000 benchmark was June 19, 2008.

Stocks turned positive after opening mixed Wednesday, following a strong report on new home sales and after President Obama called for a lower corporate tax rate to boost the economy.

The S&P 500 and the Nasdaq were higher. The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 18.

Read more: http://www.cnbc.com/id/41271921

---

clearly responding to the hopefulness of the Michelle Bachmann speech last night...

[florida08]

6. it's being artificially pumped up ...again

Bubbles bubbles bubbles

[sabra]

7. The Dow Trades Above 12,000 Points for the First Time Since June 2008

Source: ABC News

Breaking News The Dow Trades Above 12,000 Points for the First Time Since June 2008

Read more: http://abcnews.go.com/

---

more:

http://www.cnbc.com/id/41271921

Dow Reaches 12,000 Level; Boeing Declines

The Dow Jones Industrial Average rose more than 30 points to hit the psychologically important 12,000 level Wednesday, after closing largely flat on Tuesday. The last time the Dow closed above the 12,000 benchmark was June 19, 2008.

[earthside]

8. Ho hum.

The Fed pumping $600 billion in 'magic' money through banks into the economy.

Pres. Obama caving on tax cuts for the super rich.

Corporate tax cuts promised last night.

The Dow ought to be at 14,000 with all this largess for the Wall Street gamblers to play with ....

And for all those trying to spin this into "good news for your 401K", well, maybe if you can cash-out today or tomorrow.

Come the end of June, however, when the 'quantitative easing' ends, what then? Unless the Fed just keeps making more money magically appear, uh?

[bluestateguy]

9. Not a bad thing

I applaud a rising market; many Americans have retirement funds tied up in the market.

But jobs are the most important variable.

[No Elephants]

12. Agree.

[Scurrilous]

10. K & R

:thumbsup:

[Thav]

11. Meh.

When the federal and state govts gut their spending programs, this will sink back down to the 9000's again.