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Fri Feb 1, 2013, 04:24 PM

Dow Ends Above 14,000 For 1st Time Since Oct 2007

Source: Associated Press

NEW YORK The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy.

Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day. The other major stock indexes also rose.

--CLIP
The government jobs report that pushed stocks forward was mixed. The U.S. said it added 157,000 jobs in January, in line with expectations. But unemployment inched up to 7.9 percent.
Automakers Toyota, Ford, GM and Chrysler all reported double-digit sales gains for January.

Read more: http://www.ajc.com/ap/ap/automotive/dow-ends-above-14000-for-1st-time-since-oct-2007/nWC9X/



Whoop-fn-wee! Gasoline is 3.79g, hamburger 4.00 and property taxes increased by $135!!!


Yeeeehaw!

13 replies, 1831 views

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 04:31 PM

1. Damn you Obama!

As if I need it.....

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 04:56 PM

2. Obama is a Communist and an atheist Muslin!

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 04:57 PM

3. ACORN manipulated the DOW!!!!

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 05:04 PM

4. But, but, but -- that Kenyan socialist wrecked Wall Street! Capitalism is gone!


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Response to Purveyor (Original post)

Fri Feb 1, 2013, 05:31 PM

5. And yet the repukes keep beating the drum that

 

President Obama is single handedly killing our economy!


Hillary Clinton 2016!!!!

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 05:56 PM

6. speculators are jacking it up for a big fall, when they will reap huge profits nt

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 06:02 PM

7. I hope people think real hard before falling for the hype

 

Its another bubble waiting to deflate. What goes up always goes down.

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Response to magic59 (Reply #7)

Fri Feb 1, 2013, 06:27 PM

8. I believe the technical term

Sucker Rally applies.

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Response to magic59 (Reply #7)

Fri Feb 1, 2013, 06:54 PM

10. I think it is indeed time to take profits and run. Of course this from one who had his clock cleaned

with the 'tech bubble'...seriously cleaned.

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Response to magic59 (Reply #7)

Fri Feb 1, 2013, 08:33 PM

12. It's why I'm still mostly in bonds, money market, and cash.

I do have stock, but until real employment comes back, it's more smoke and mirrors than usual.

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 06:31 PM

9. It's that damn Fascist/Communist President we've got.

What did you think would happen? He doesn't know the first thing about running a business! Just look at what he's done to the economy . . .

I mean the economy other than the Stock Market and job creation, of course.

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 08:23 PM

11. Now if we can get official unemployment below 7%....

investors might REALLY be happy.

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Response to Purveyor (Original post)

Fri Feb 1, 2013, 09:46 PM

13. Dollar is high and DOW is up

primarily due to European money. Europeans don't trust their economies and are heavily investing in US currency and markets. If Europe goes away from austerity and starts a stimulus program instead, the money will change directions just as fast.

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