Another sign for encouragement: Dow Hits 10,000.


	Another sign for encouragement: Dow Hits 10,000.

aklimento

10-14-2009 1:46 PM

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tags:

dow jones, 10000, trade market, wall street, financial industry, equity loans

aklimento says:

It's look like we are on the way to full healing after hard recovery. And then we'll start to grow again. More and more... Why not, after all?

Don't let only idiots to rule anymore. Never again.

2 Comments |

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10-14-2009 1:49 PM

clip-on-tie

Good. And I hope corporate profits go through the roof and the bonuses get even higher. Cuz once they do, I can sit back and let the market forces fan me while feeding me grapes.

So suck it corporation haters.

10-14-2009 6:03 PM

n2sooners

Thank you mister Bush.

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The first time the Dow hit 10,000 was on March 29, 1999.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://voices.washingtonpost.com/economy-watch/2009/10/dow_nears_10000_for_first_time.html?hpid=topnews"><P><STRONG>Peter Boockvar</STRONG>, equity strategist at <STRONG>Miller Tabak</STRONG>, passes along some memories of 1999 as a way of illustrating where we were when the Dow last hit 10,000. He notes:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://voices.washingtonpost.com/economy-watch/2009/10/dow_nears_10000_for_first_time.html?hpid=topnews"><P>- Gas was $1.20 per gallon. Today, the national average for a gallon of regular unleaded is $2.48.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://voices.washingtonpost.com/economy-watch/2009/10/dow_nears_10000_for_first_time.html?hpid=topnews"><P>- The dollar index (DXY), a comparison of the dollar's strength against other currencies, was 100.36. Today it's at 75.60, showing a dollar weaker by 25 percent.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://voices.washingtonpost.com/economy-watch/2009/10/dow_nears_10000_for_first_time.html?hpid=topnews"><P>- Most frighteningly, the total U.S. debt was $24.6 trillion. Today, it's $50.8 billion. 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