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Stock futures were rising Tuesday morning, signaling that the Dow Jones industrial may break through its all-time closing high in the first hour of trading.
The Dow is less than 37 points away from a new high; the S&P 500 stock index is 40 points away.
Futures trading in the index were up 0.2%, putting the Dow less than 40 points from its record closing high of 14,164.53 set on Oct. 9, 2007.
Just 4 years ago March 9, 2009 - almost to the exact date, the market fell to it's lowest point in 12 years.
1. You should have used "Breaking News" in your title.
2. If Mr. Romney had won the presidency, many herein would have maintained that the rise in the stock market of late is solely due to Mr. Romney's efforts, inspiration, etc.
Anyway, I shall now vacate the floor so that those who wish to tell us how this is really 'bad' economic news may have their say.
Why does this nonsense keep on getting posted that the Obama economy is responsible for the rise in the stock market? You mean the pathetic 2% growth in GDP? or the 8-10% UE figure? or was it the stimulus? please point to some policy. If you can't then give thanks to Barnanke where it belongs all that QE ing had to go somewhere, right?
As someone with some stock I am thrilled, but we all know Obama has little or nothing to do with the market. If it crashed would the left be saying Obama screwed up...The overall world situation pretty much controls the market or so we have been told.
Yes, China announced they are on target for 7.5% growth and announced long term plans to become a consumer driven economy.
That made Wall Street very happy.
Has nothing to do with Obama. Here in the US we're looking at cuts to programs, furloughs and layoffs and less money flowing.
Wall Street knows where the growth is..China.
Then Wall street will be wrong again. Great for short term gain. Wall street knows China is pouring billions into their economy to prop it up. Do they see the bubble? Or is it like the Market of the 20's and 30's...everybody know the fix was in, they just thought they were gonna get out before the drop.
funny thing about a bubble burst...nobody has yet to figured out when it is gonna happen.
Then Wall street will be wrong again. Great for short term gain. Wall street knows China is pouring billions into their economy to prop it up. Do they see the bubble? Or is it like the Market of the 20's and 30's...everybody know the fix was in, they just thought they were gonna get out before the drop.
funny thing about a bubble burst...nobody has yet to figured out when it is gonna happen.
China has had double digit growth and is on target for 7.5% growth this year.
The other BRIC countries are not doing poorly either.
The US is not the driving force of this. Bubbles are what makes Wall Street go round.
The US happens to be working on a debt bubble and Bernanke's Fed is the epicenter of it.
China has surplus money so they can well afford it unlike the US who has to borrow now to even pay the interest on money we already borrowed.
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