| Topic: |
Politics > Politics-USA |
| User: |
"Charles Farley" |
| Date: |
22 Dec 2004 12:21:57 PM |
| Object: |
US Stock Market Hits 3.5 Year High |
Associated Press
December 21, 2004
Dow Hits 3 1/2-Year High on Earnings Hike
By Seth Sutel
NEW YORK -- The stock market barreled higher Tuesday, sending the Dow
Jones industrials to a new 3 1/2 year high as two Wall Street firms
reported better-than-expected earnings and a brokerage gave tech
bellwether Intel Corp. (INTC) a ratings upgrade.
According to preliminary calculations, the Dow rose 97.83, or 0.92
percent, to 10,759.43. It was the best close for the Dow since June
13, 2001, surpassing the previous 2004 high of 10,737.70 set on Feb.
11.
Broader stock indicators also made substantial gains. The Standard &
Poor's 500 index was up 10.78, or 0.9 percent, at 1,205.43, just below
the 3 1/2-year high of 1,205.72 set on Wednesday. The Nasdaq composite
index gained 23.06, or 1.08 percent, to 2,150.91, less than 12 points
shy of last Wednesday's multiyear high.
Stocks have climbed steadily since the presidential elections, with
good economic data and positive profit forecasts for 2005 assuring
investors of further returns.
Barry Berman, head trader for Robert W. Baird & Co. in Milwaukee, said
the market was being driven by an overall positive outlook for the
economy, lower oil prices, historically low interest rates as well as
seasonal buying that tends to lift shares in the last weeks of the
year.
"There's a lot of positives going on right now," Berman said. "Even on
the days where there has been bad news, the market has rebounded
really well."
The Russell 2000 index of smaller companies was up 8.15, or 1.28
percent, at 646.20.
http://apnews.myway.com/article/20041221/D87498NG0.html
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| User: "Charles Farley" |
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| Title: Re: US Stock Market Hits 3.5 Year High |
23 Dec 2004 12:42:23 PM |
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Ryd wrote:
Don't forget, in 2000 (before Bush) the NASDAQ was over 5000.
Stocks tanked in March 2000, EIGHT MONTHS before GWB
took office:
http://encarta.msn.com/media_701610607_701610399_-1_1/The_Internet_Bubble.html
..
http://i.timeinc.net/time/magazine/archive/covers/2004/1101041115_400.jpg
..
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| User: "Charles Farley" |
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| Title: Re: US Stock Market Hits 3.5 Year High |
23 Dec 2004 01:00:48 PM |
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Lasty, Clinton let the NASDAQ drop 50% -- from 5,000 down
to 2,400 when he left office in January 2001.
..
http://finance.yahoo.com/q/bc?s=^IXIC&t=5y
Cat got your tongue?
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| User: "Chedley" |
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| Title: Re: US Stock Market Hits 3.5 Year High |
24 Dec 2004 03:16:49 AM |
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So, do you guys really think that the president can influence the ups and
downs of the stock market, taking credit when it goes up, and blame when it
goes down?
Get real!!
"Ryd" <ryda56p@yahoo.com> wrote in message
news:1103772898.333052.321600@z14g2000cwz.googlegroups.com...
So what?
That's not going to delay the Bush/Cheney Recession.
Don't forget, in 2000 (before Bush) the NASDAQ was over 5000. What is
it now?
Huh???????
Huh???????
Cat got your tongue?
Ryd
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| User: "InsuranceBroker" |
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| Title: Re: US Stock Market Hits 3.5 Year High |
24 Dec 2004 08:43:27 AM |
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Subject: Re: US Stock Market Hits 3.5 Year High
From: "Chedley"
Date: 12/24/2004 4:16 AM Eastern Standard Time
Message-id: <3Nydnbnjr8ocQ1bcRVn-rA@comcast.com>
So, do you guys really think that the president can influence the ups and
downs of the stock market, taking credit when it goes up, and blame when it
goes down?
Yes, in this cash the increase in the stock market is a direct result of bush
and his adminitartion. The dollar has dropped 10 percent in the last couple
months and the stock market has reacted by repricing stocks in the new value.
Stocks are basically based on international values. The increase in the dow
average is only a reflection of the bush administration policy of letting the
dollar drop. There really is no increase value in the higher dow.
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| User: "Charles Farley" |
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| Title: Re: US Stock Market Hits 3.5 Year High |
26 Dec 2004 02:39:10 AM |
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Chedley wrote:
So, do you guys really think that the president can influence the
ups and downs of the stock market, taking credit when it goes up,
and blame when it goes down?
Our friend "Ryd" apparently does -- though he never bothered to
check the actual data, which shatters his anti-Bush myth.
..
http://encarta.msn.com/media_701610607_701610399_-1_1/The_Internet_Bubble.html
..
http://finance.yahoo.com/q/bc?s=^IXIC&t=5y
..
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