Dow pushes above 14,000 for 1st time since 2007 (financial crisis, good news, chairman)
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The Dow Jones Industrial Average hit 14,000 for the first time since 2007, but where the blue-chip average goes from here is far from certain.
Indeed, the move itself was fleeting. Virtually as soon as the bluechip index hit the magic number it pulled back.
"Something like the Dow going to 14,000, I can contain my enthusiasm about that," Jack Bogle, founder and chairman of the Vanguard Group, said on CNBC. "It doesn't mean very much."
The last time the 30-stock Dow traded over 14,000 was in the days before the financial crisis and the near-collapse of Wall Street.
Multinational corporations, bankers, and speculators are making out like bandits, as the American middle class continues to pay higher taxes and continues to shrink.
How is it that GDP growth has stagnated, yet the stock market is booming. Remember sheeple, there is no such thing as an American company anymore. These are multinational corporations loyal to no one country. They grow foreign economies at the expense of ours.
Keep it up Wall Street, you are making the progressives very proud!
understand that the markets are over bought right now, and the time is going to come, probably sometime late this year, when we have a huge market correction when the insiders take their profits.
I guess the communist are cracking the whip in China. Got to be making Romney proud to see his baby Buda grow. Wondering when both Bush and Romney are going to team up and go on their next world wind tour promoting more offshore banking?
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