Dow approaches highest level since 2008 crisis

[No Elephants]

Source: AP

Dow approaches highest level since 2008 crisis

The Dow Jones industrial average was trading near its highest close since the 2008 financial crisis Thursday after solid news on factory orders and strong earnings from U.S. manufacturers highlighted the economy's growing momentum. Broader market indexes edged lower, though they have surged this year, too. Traders appear less afraid of spillover damage from the European debt crisis, and data on jobs and manufacturing have been consistently strong.

Read more: http://hosted.ap.org/dynamic/fronts/HOME?SITE=AP

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I saw this a few minutes after starting an LBN thread about unemployment applications being up.

How diya like them apples, Annie?

[No Elephants]

1. Afterthought: This is a major difference between the Great Depression and our current mess.

In the Great Depression, the investor class suffered as much as the blue collar worker, if not more so. (Once I had a railroad.....buddy, can you spare a dime.)

The stock market has had several significant rallies (or what seem to have been rallies)since 2008 and now this rally, as unemployment rose.

I guess I was thinking that without realizing it because my original post does reference Apple Annie, a Great Depression character from a movie I saw on TV as a kid.

[Divine Discontent]

2. and the rich get incredibly richer - thanks to a lower tax bracket on their investments!

isn't that nice of Congress, helping their investments reap better payouts?



Get it now, or one of a million other designs!
http://www.zazzle.com/gop_2012_keeping_millions_out_of_work_to_put_one_bumper_sticker-128944374900409113?rf=238107662556833486