The Dow Jones Industrial Average just topped 12000 for the first time since June 2008

[The Straight Story]

The Dow Jones Industrial Average just topped 12000 for the first time since June 2008


http://online.wsj.com/mdc/page/marketsdata.html?mod=e2tw

[cbdo2007]

1. cha-ching!!

[spanone]

2. makes my retirement account very happy

[yellowcanine]

3. Hmm. Maybe it will be safe to open my quarterly statement again.

I have been tossing it in the cupboard without looking at it, preferring to still be able to sleep at night.

[PSPS]

4. Welcome to the stock market bubble

Obama gives the banks access to $13 trillion interest free, and they use it to trade in the stock market.

[PassingFair]

5. Makes my stomach churn.

[lpbk2713]

6. Wall Street liked the SOTU.

:kick:

[Statistical]

7. The economy is recovering. The threat of double dip is gone.

Payroll is increasing.
GDP is increasing.
Corporate Profits are increasing.
Corporate Revenue/Sales are increasing (growth is no longer driven only by cost/job cutting).

That being said I think this rally might be getting long in the tooth.

[Johonny]

8. IDK

I honestly don't know. Have some traders tell me the second dip is still coming... have others telling me the market will keep pushing up but more slowly most of this year.

[cbdo2007]

9. We should be fairly safe for the next 7-10 years at this point, but....

there are still a few bubbles out there looking to burst, and some of them are still in certain areas of the stock market.

Another is in precious metals. There is no way their growth has been natural and is sustainable. It's going to crash one of these days/years.

[Statistical]

10. The market may (and likely will) correct

I was indicating the fear of a double dip recession was overblown and is now behind us.