US Stocks Rally. DOW hits 3 1/2 year high

[leftyandproud]

greedy corporations like Bush.
shocking...shocking..
http://www.reuters.com/newsArticle.jhtml;jsessionid=H2F4NVYH2I31KCRBAEZSFFA?type=businessNews&storyID=7152787


NEW YORK (Reuters) - U.S. stocks rallied on Tuesday, with the Dow touching its highest intraday level for 3 1/2 years, helped by a rebound in beaten-down drugmaker Pfizer Inc. (PFE.N: Quote, Profile, Research) , while tech stocks got a boost from a broker upgrade of Intel Corp. (INTC.O: Quote, Profile, Research) .

The Dow Jones industrial average was up 96.87 points, or 0.91 percent, at 10,758.47, after climbing to 10,765.27, the highest the Dow has been since June 14, 2001. The Standard & Poor's 500 Index was up 10.69 points, or 0.89 percent, at 1,205.34. The Nasdaq Composite Index was up 22.98 points, or 1.08 percent, at 2,150.83.

pic:
http://bigcharts.marketwatch.com/charts/big.chart?symb=djia&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=8&sid=1643&style=320&time=9&freq=1&nosettings=1&rand=7601&mocktick=1&rand=7750

[Razorback_Democrat]

1. Go stock market go!

gotta have my 401 K doing good since social security is going to be gone after Bush raids it to fund wall street

[Beetwasher]

2. See! Aren't You Just ITCHIN' To PRIVATIVE SS NOW!!!

:eyes:

[bpilgrim]

7. that press conference yesterday was MUSIC to their ears and tons of $$$

when * said the PEOPLE don't get to hear the DETAILS on what he's gonna do with OUR money they were/are PSYCHED :puke:

the elite media will of course fawn all over it an distract from the HORRIBLE anti-American PRECEDENTS in modern history... oh, thats right thats so 910 :argh:



peace

[Tempest]

3. Don't forget that the market is speculative

The market has no bearing on reality as it is, only what they want to believe it is.

[OnlyInAmerica]

10. Not necessarily

Many target prices for stocks are based on mathematical models used to determine the net present value of future dividend payouts, future cash flows, and present value of coporate assets. That said, the majority of amateur investors who engage in day trading or stock picking are doing so on a purely speculative basis. It's best to seek the advice of a trusted investment professional rather than picking stocks because one's brother-in-law/cousin/co-worker said that stock will be the next big thing. Now, finding a trustworthy investment professional may very well prove to be more difficult than picking a good company to invest in!

[Tempest]

11. Mathematical models for investing went out the window

During the dotcom days.

Otherwise investors wouldn't be sinking money into companies who are grossly overvalued, paying tens of millions to executives and to companies who are underperforming.

[OnlyInAmerica]

13. You are correct. However...

The smart investors saw the dot com era for what it was...a speculative buying spree that wasn't based in reality. Many of the mathematical models are still quite relevant. During the dot com era, many people claimed that the "old rules" of investing no longer applied, the economy really could grow forever, etc. I even remember hearing a few people talk about the DIJA reaching 36,000 by 2005. As we saw after the bubble burst, the "old rules" of investing did in fact still apply. The Warren Buffets of the world weren't fooled, and consequently they didn't lose their shirts when the speculative bubble burst.

[htuttle]

4. Wow, the Market has almost broken even over the last 4 years

I'm still sticking with the Ho Chunk casino instead of the Stock Market. The casino is MUCH better regulated and has far more oversight than the stock market.

[rock]

8. Almost

Not bad for a bush!

[DS1]

5. It typically does go up before Xmas

:eyes:

[rkc3]

6. We'll see how long this lasts.

When the numbers for the holiday season come in and are seen as disappointing - thanks to declining incomes and poor job prospects - it'll hit the shitter in January.

[alfredo]

12. Much of the spending was on plastic, so

look for beans and rice for much of the population for the next four months.

[leftyandproud]

14. I don't think numbers will be disappointing..

went out today and the stores were PACKED...unbelievable crowds, at 3:00PM on a weekday!!!

[Pirate Smile]

9. My favorite WS rally is always after a huge layoff or a big increase in

unemployment would be reported. Yeah!!!! More people out of work means interest rates will stay low - party, party!

Up is down. Black is white. Arrggghh.

[secedeeconomically]

15. Yes because they will soon realize

a wind fall when Social security goes private

[girl gone mad]

16. The fund managers will benefit, rich investors will benefit,

but the average investor will lose. A regular influx of cash into the markets will lead to a decrease in volatility. That isn't a good thing for small investors who are counting on 10% annual returns to cover their children's college or pay for retirement.

Add to that the dollar's decline and inevitable interest rate hikes, and stocks will look less attractive than they have in quite some time.

[secedeeconomically]

17. This is a recipe for disaster.