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Tue May 7, 2013, 05:32 PM

Dow Jones industrial average closes above 15,000 points for the first time

Source: Associated Press

NEW YORK— The Dow Jones industrial average is punching through another milestone: its first close above 15,000.

The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6%.

It was another milestone in the market’s epic ascent in 2013. Good economic reports, higher corporate profits and support from central banks have eased investors’ concerns that another economic slowdown could upend the market.

Two months ago the Dow recovered the last of its losses from the financial crisis. So far this year it’s up 15%. . .

Read more: http://www.freep.com/article/20130507/BUSINESS07/305070109/Wall-Street-Dow-Jones



Well, we can only hope it trickles down.

17 replies, 1293 views

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Reply Dow Jones industrial average closes above 15,000 points for the first time (Original post)
Faygo Kid May 2013 OP
infidel dog May 2013 #1
Blue_Tires May 2013 #2
upaloopa May 2013 #5
stevebreeze May 2013 #3
Auggie May 2013 #4
Ghost Dog May 2013 #15
DeSwiss May 2013 #6
L0oniX May 2013 #7
PD Turk May 2013 #8
Canuckistanian May 2013 #9
Nye Bevan May 2013 #10
joshcryer May 2013 #14
davidn3600 May 2013 #11
rucky May 2013 #12
CountAllVotes May 2013 #13
ozone_man May 2013 #16
blkmusclmachine May 2013 #17

Response to Faygo Kid (Original post)

Tue May 7, 2013, 05:38 PM

1. Hope indeed.

Many things "trickle down", but I've never known Wall St. gains to be among them.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 05:39 PM

2. As if we needed any final proof that the Dow has jack shit to with regular folk

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Response to Blue_Tires (Reply #2)

Tue May 7, 2013, 06:08 PM

5. We argued that point many times on this board.

We were told that if investors do good we would benefit via osmosis or something.
I always thought that it was a waste of time to listen to those "your money" segments on the morning radio if you were not in the investor class. It sure in hell wasn't my money they were talking about.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 05:40 PM

3. WoooHooo rich people are doing GREAT!

all our problems are solved.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 05:46 PM

4. Time to sell

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Response to Auggie (Reply #4)

Tue May 7, 2013, 10:04 PM

15. Sell in May and go away.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 06:28 PM

6. Wall Street to the 99%....



- K&R


''People who shut their eyes to reality simply invite their own destruction, and anyone who insists on remaining in a state of innocence long after that innocence is dead turns himself into a monster.'' - James Baldwin

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 07:30 PM

7. Jobless people are finally happy again. n/t

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 08:08 PM

8. Grab your buckets everybody!!

I just know the trickle down is going to happen this time! Grab your buckets , catch all you can!!

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 08:11 PM

9. I feel richer already

But my bank account shows no change. How can this be?

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Response to Canuckistanian (Reply #9)

Tue May 7, 2013, 08:42 PM

10. Because bank accounts are not linked to the stock market, perhaps?

If you have a retirement account invested in stocks, however, you should see some improvement in the balance.

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Response to Nye Bevan (Reply #10)

Tue May 7, 2013, 09:55 PM

14. The bottom 20% represent 10% of the market. The bottom 60% represent 2-3%.

I agree that there is an improvement in the balance if you have an IRA. In the long run it grows faster than bonds or other securities. However, if you cash out at a downturn you're fucked and in reality you're still getting back returns far lower than the possible returns you could get if the top 10% didn't own so much stocks.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 08:44 PM

11. And the rich get richer

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 09:29 PM

12. This trickle down is going to be AWESOME

can't wait!

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Response to rucky (Reply #12)

Tue May 7, 2013, 09:51 PM

13. I've been waiting on that trickle down

Ever since ol' Ronnie boy was the gov. of Calif.

No trickle there, just a lot of "tricks" and a lot of dreams that never came true.

Sickens me really.

I never believed it for a second and still do not.

It's not for me, that much I know.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 10:26 PM

16. What an amazing indicator of a healthy economy!

What was the deficit we needed to pump the DOW to 15K? No amount of FED buying mortgaged back securities will save this economy.

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Response to Faygo Kid (Original post)

Tue May 7, 2013, 11:04 PM

17. Trickle Down Theory.

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