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Old 02-01-2013, 11:28 AM
 
Location: Charlotte, NC (in my mind)
7,943 posts, read 17,216,018 times
Reputation: 4686

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When adjusted for inflation, it's still 8,000 points from its record late 1990s high. Dow 14000 is an illusion. Lets talk about a booming economy when we hit Dow 22000.
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Old 02-01-2013, 11:32 AM
 
Location: Salisbury,NC
16,757 posts, read 8,174,387 times
Reputation: 8532
Its a good thing. More boomers will feel the warmth of their 401K and hang it up. Opening more jobs for the young.
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Old 02-01-2013, 11:33 AM
 
Location: Salisbury,NC
16,757 posts, read 8,174,387 times
Reputation: 8532
Quote:
Originally Posted by bchris02 View Post
When adjusted for inflation, it's still 8,000 points from its record late 1990s high. Dow 14000 is an illusion. Lets talk about a booming economy when we hit Dow 22000.
Wow that would be interesting.
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Old 02-01-2013, 11:36 AM
 
5,705 posts, read 3,660,418 times
Reputation: 3907
Quote:
Originally Posted by Boss View Post
Wow that would be interesting.
No illusion, just a fact. I guess those on the right were right after all. This last election was all about the economy.
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Old 02-01-2013, 11:49 AM
 
Location: SWUS
5,419 posts, read 9,178,492 times
Reputation: 5850
I don't expect it to stay at that level.
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Old 02-01-2013, 12:15 PM
 
5,705 posts, read 3,660,418 times
Reputation: 3907
Quote:
Originally Posted by JordanJP View Post
I don't expect it to stay at that level.
Yah. It'll probably go up.
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Old 02-01-2013, 12:25 PM
YAZ
 
Location: Phoenix,AZ
7,701 posts, read 14,047,311 times
Reputation: 7038
Heh. Nothing to see here folks.

Top 30 companies in the U.S. and most of 'em are banks.

Hardly an "industrial" average.

The S & P 500 shows a better picture of the nature of things.
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Old 02-01-2013, 12:29 PM
 
5,705 posts, read 3,660,418 times
Reputation: 3907
Quote:
Originally Posted by YAZ View Post
Heh. Nothing to see here folks.

Top 30 companies in the U.S. and most of 'em are banks.

Hardly an "industrial" average.

The S & P 500 shows a better picture of the nature of things.
You mean how the s&p is close to its all time high?

Highest close 1,565.15 October 9, 2007
Highest intraday level 1,576.09 October 11, 2007

https://www.google.com/search?q=s%26...&client=safari
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Old 02-01-2013, 12:34 PM
 
Location: One of the 13 original colonies.
10,190 posts, read 7,933,720 times
Reputation: 8114
Quote:
Originally Posted by Toyman at Jewel Lake View Post
Oh boy! After all this time the DOW is nearly back to where it was under Bush!



LOL.
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Old 02-01-2013, 12:36 PM
 
Location: Columbia, SC
37,047 posts, read 19,029,742 times
Reputation: 14804
It was below 8,000 in January 2009.

That damned Obama! He can't do anything right!
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