Dow has its best July in 20 years - Suck on that freepers

[NNN0LHI]

http://www.chicagotribune.com/business/sns-ap-us-wall-street,0,7695507.story

Stocks cap an enormous July run with a mixed finish as economy shrinks at a slower pace
TIM PARADIS | AP Business Writer
4:46 PM CDT, July 31, 2009

NEW YORK (AP) — New hope for the economy just gave the stock market its best July in 20 years.

Investors placed big bets over the last month that the profit machine at U.S. companies will continue to rev higher, and that the longest recession since World War II is finally easing its grip. If that turns out to be wrong, the huge gains of July means there will be an even bigger price to pay if companies don't deliver.

The Dow surged 725 points, or 8.6 percent, for the month, with most of the gains arriving in bursts in the final 15 days. The extraordinary run shaped July into the best month for the blue chips since October 2002 and the best July since 1989.

The broader Standard & Poor's 500 index, a benchmark for many mutual funds, also ran at a strong pace and July was its best performance since 1997. Even with the gains, the S&P is still down 37 percent from its peak in October 2007.

[kimmerspixelated]

1. I would like to know why.

Given that we keep hearing about the sky falling...what's going on?

[CountAllVotes]

2. 1928 dare I suggest?

1928

* Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. The boom is largely artificial.

http://www.hyperhistory.com/online_n2/connections_n2/great_depression.html

:dem:

[JenGatherer]

3. If you TRULY want to know what is going on in this

economy you will stop by www.market-ticker.org

The stock market seems to be completely divorced from reality and run by robots programmed to buy and sell at fixed intervals. It's a hollow rally. The consumer is tapped out and that's 70% of the GDP. No more credit cards, no more pulling earnings forward with debt and you get a whole new economy.

No one checks any of the financial statements in the mainstream media when they are outright lying to us. Ask yourself if you feel more prosperous and there's your answer.

[TheCowsCameHome]

4. Bad news for the righties.

And that's good news.