The Dow closed at a new all-time high Tuesday after strong gains in US home prices and consumer confidence boosted stocks.
At the closing bell, the Dow Jones Industrial Average was up 108.05 to 15,411.15, a new all-time high.
The S&P 500 put on 10.58 (0.64 percent) to 1,660.18, while the Nasdaq Composite Index added 29.74 (0.86 percent) to 3,488.89.
The widely-watched S&P/Case-Shiller index of US home prices showed the price of a home in the 20 largest cities rose 10.9 percent in the year to March, the largest year-on-year increase since 2006.
Consumer confidence in the US surged to 76.2 in May, up from 69.0 in April, to post the highest level since February 2008.
Stocks were also boosted by greater confidence that the Federal Reserve won’t immediately end its bond-buying program and relief that Japan’s stock market rose Tuesday, said Art Hogan of Lazard Capital Markets.
The Bush Economic Meltdown Is Over!!!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Boxy hates Wall street but praises them over an insignificant number.
You can't make this stuff up!
You do know that the DOW is not a measure of the overall health of the economy.
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
Boxy hates Wall street but praises them over an insignificant number.
You can't make this stuff up!
You do know that the DOW is not a measure of the overall health of the economy.
Damn! I didn't get any donuts!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
"Approval ratings go up and down for various reasons... An example is the high post 911 support for GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'
Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'
The main reason that the DOW is so high is that there really is no other place to invest because the economy sucks so bad. The interest rates on bonds are at all time lows because Obama and Bernanke are printing out money as fast as paper companies produce toilet paper which has screwed up the bond market. Most of the people that I know in the financial industry are predicting that the DOW will have a major "correction" (downturn) sometime later in 2013.
So Obama doesn't deserve thanks -- he doesn't deserve anything but to be impeached and get 25 years to life in a federal prison for running the most corrupt government in the world outside of Italy.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
The main reason that the DOW is so high is that there really is no other place to invest because the economy sucks so bad. The interest rates on bonds are at all time lows because Obama and Bernanke are printing out money as fast as paper companies produce toilet paper which has screwed up the bond market.
Yet, people still think they live in a democracy and that your elected politicians have any control. You just pointed out that the FEDERAL RESERVE is printing endless amounts of paper destroying the savings of everybody that worked hard over their life and saved their money. The Federal Reserve is a private bank. The Federal Reserve Board of Governors has a greater impact on everybody's lives than any President. Even if the President sacks Bernake, the next appointee will just be another banker that is going to keep the same monetary policies that benefit the bankers by stealing the savings of average Americans, to make sure they are in perpetual debt to the bankers.
Yet, people still think they live in a democracy and that your elected politicians have any control. You just pointed out that the FEDERAL RESERVE is printing endless amounts of paper destroying the savings of everybody that worked hard over their life and saved their money. The Federal Reserve is a private bank. The Federal Reserve Board of Governors has a greater impact on everybody's lives than any President. Even if the President sacks Bernake, the next appointee will just be another banker that is going to keep the same monetary policies that benefit the bankers by stealing the savings of average Americans, to make sure they are in perpetual debt to the bankers.
Any money system is actually based on debt - creating debt, creating obligations to pay the debt - as long as there has been a money system this has been the case. The reason that the politicians don't want to pay off the debt is because that is the basis for the whole money system. Most people do not understand that.
One of the problems, among many, with the Federal Reserve is that it is independent of the political system and therefore beyond the power of the people to exercise any control over it. At least theoretically, we have the ability to elect our president and members of Congress. Now, I am not convinced that dissolving the Federal Reserve would actually solve all of the problems. I wouldn't want a financial system controlled by Congress and the President because I don't believe that the members of Congress (or any president that we have had) are competent enough or trustworthy enough to run the financial system.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
The main reason that the DOW is so high is that there really is no other place to invest because the economy sucks so bad. The interest rates on bonds are at all time lows because Obama and Bernanke are printing out money as fast as paper companies produce toilet paper which has screwed up the bond market. Most of the people that I know in the financial industry are predicting that the DOW will have a major "correction" (downturn) sometime later in 2013.
And most citizens CANNOT afford to invest in anything, they are just trying to have enough to live week to week.
DVOR concerning the federal reserve have you been reading any of Ron Paul's books
The main reason that the DOW is so high is that there really is no other place to invest because the economy sucks so bad. The interest rates on bonds are at all time lows because Obama and Bernanke are printing out money as fast as paper companies produce toilet paper which has screwed up the bond market. Most of the people that I know in the financial industry are predicting that the DOW will have a major "correction" (downturn) sometime later in 2013.
So Obama doesn't deserve thanks -- he doesn't deserve anything but to be impeached and get 25 years to life in a federal prison for running the most corrupt government in the world outside of Italy.
it's VALUE AND LEVERAGE
no one knows what has value anymore....the system is changing and it's NOT going to be the robinhood everyone thinks
there is ONLY one way to level the leverage and measure the value as equal to all parties.....
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Most of the people that I know in the financial industry are predicting that the DOW will have a major "correction" (downturn) sometime later in 2013.
WOW! IF the "people that DOOR knows are prediction a downturn... A BOOM IS A SURE THING!!!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
One of the problems, among many, with the Federal Reserve is that it is independent of the political system and therefore beyond the power of the people to exercise any control over it. At least theoretically, we have the ability to elect our president and members of Congress. Now, I am not convinced that dissolving the Federal Reserve would actually solve all of the problems.
Allow for competing currencies within the US. Don't allow a centralized bank manipulate interest rates for all currency. The competing currencies will limit the Feds power to collapse an entire economy by their mismanagement.
WOW! IF the "people that DOOR knows are prediction a downturn... A BOOM IS A SURE THING!!!
Well the people that I know in the financial industry have done EXTREMELY WELL for themselves and their clients. Furthermore, they know how to spell and put together a comprehensible sentence much better than you do.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
Stock prices, which plunged during the 2007-2009 recession, have continued to rebound since our last report. As of the market’s close on April 16, the Standard & Poor’s 500-stock index stood 96 percent above where it was when the president first came to office in 2009, and very close to the record high set in October 2007. The Dow Jones Industrial Average had gone up 86 percent. Both the Dow and the S&P 500 have set record highs in recent days.
The NASDAQ Composite index had more than doubled — closing on April 16 at 127 percent higher than it was when Obama was first inaugurated — but was still short of the record the tech-heavy index set in 2000 before the dot-com bubble burst.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Figures from the U.S. Energy Information Administration reveal that the number of oil and gas drilling rigs operating in January was 13.1 percent higher than during the same month four years earlier, when Obama was sworn in.
Meanwhile, U.S. crude oil production was 29.4 percent higher in 2012 than it was in 2008, the year before Obama took office. And the net amount of oil and other petroleum products imported from abroad has fallen by almost exactly one-third — 33.3 percent — between 2008 and 2012.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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