The Dow Jones industrial average shot past 13,000 for the first time Wednesday, powered by better-than-expected corporate earnings that boosted investors’ confidence in the U.S. economy. The stock market’s best-known indicator surged past its latest milestone shortly after the opening of trading, and continued rising to 13,036.99 before retracing some of its steps and hovering around the 13,000 mark. (AP)
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10 Responses
Be vey careful regarding this Market, my friends. The talking heads love round numbers and are swinging from the rafters over this. All of us in the trenches are not that impressed. But only 6 months between 12,000 and 13,000 is a caution sign.
Mazel tov!!! Is this the Dow’s Bar Mitzva? Where is the band???
To urbmase
that is only half the tsoroh! the great depression slowly started and the markets crashed because too many people were buying on credit. Today it’s a thousand times worse on the personal level and on the national level. We buy and buy and have no plans on getting out of debt and the government is even more out of control!
Too much speculating has been going on. This bubble will burst. Look at what has happened with real estate. How many for sale ads are there in the Yated Ne’eman? I would advise to bail out now while the getting is good. A sure bet is commodoties such as orange juice futures, petroleum, gold, and silver.
Yoah Flatbush Buddy…you want to stay a “buddy?” Do not dish out investment advice or give recomendations over an internet blog. Many people may simply not be suitable for your recomendations, others…well, if you were a Liscensed Broker aka Registered Rep. you would know better. Take it as cautionary advice from one that is in the trenches.
urbmase – this might be sound advice, however, last I checked advice in the blog is allowed and everyone can do with it or without it.
mdlevine
If I may clarify your statement. Per “this” blogs by-laws, one may give Market recomendations. Per the SEC/NASD (the governing bodies for all Registered Reps) giving Market recomendations over any blog/site etc. without written prior approval is illegal.
Sue him…who cares about giving advise on an internet Blog
…and if I may clarify: if anyone is going to take financial or anyother advice from a Flatbush Bubby exceot for a good recipe for kugel and/or cholent, let the buyer beware
have fun in those trenches!
BIG DEAL, ALL THIS MEANS IS; THAT 13,000 MORE PEOPLE GOT RIPPED OFF