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Dow Jones surpasses 13,000 for the first time ever
Posted: Wed Apr 25, 2007 3:32 pm
by cycloneye
http://www.msnbc.msn.com/id/3683270/
A big milestone for wall street and the investors as the Dow Jones closed the Wednesday session over 13,000.
Posted: Wed Apr 25, 2007 3:35 pm
by kevin
I hope it goes down soon so I can buy some more stocks..
Posted: Wed Apr 25, 2007 3:46 pm
by Brent
It's made a nice recovery from that huge one-day fall about 2 months ago.
Posted: Wed Apr 25, 2007 4:10 pm
by Regit
kevin wrote:I hope it goes down soon so I can buy some more stocks..
Hey, my stocks are outperforming the market, so wait until I sell for your big downturn.
Posted: Wed Apr 25, 2007 4:33 pm
by kevin
Regit wrote:kevin wrote:I hope it goes down soon so I can buy some more stocks..
Hey, my stocks are outperforming the market, so wait until I sell for your big downturn.
Nice, glad to hear you're doing well.
I am looking to buy the New York Times after it goes down even more from the disgruntled shareholders. I figure they'll be around forever and they pay nice dividends which aren't taxed.
Posted: Wed Apr 25, 2007 4:45 pm
by Regit
kevin wrote:Regit wrote:kevin wrote:I hope it goes down soon so I can buy some more stocks..
Hey, my stocks are outperforming the market, so wait until I sell for your big downturn.
Nice, glad to hear you're doing well.
I am looking to buy the New York Times after it goes down even more from the disgruntled shareholders. I figure they'll be around forever and they pay nice dividends which aren't taxed.
Yeah, I'd checked out NYT myself as well. Also waiting for the satellite radios to hit bottom.
Posted: Wed Apr 25, 2007 5:48 pm
by JonathanBelles
Im waiting for a downturn. Every couple of years there is a large down turn.
Posted: Wed Apr 25, 2007 6:03 pm
by MississippiHurricane
Thats wonderful inspite of the housing market being down. Now all we need is for gas to go down again and i think the economy would go even higher. Less prices on gas might make for more conusmer cofidence and spend even more.
Posted: Thu Apr 26, 2007 7:36 am
by gtalum
Misshurricane wrote:Thats wonderful inspite of the housing market being down. Now all we need is for gas to go down again and i think the economy would go even higher. Less prices on gas might make for more conusmer cofidence and spend even more.
Energy is what's driving the stock market higher. If the price of oil goes down, so will the oil companies' profits and thus the entire stock market.
Posted: Thu Apr 26, 2007 8:45 am
by Nimbus
Oil fell about 50 cents a barrel overnight and the morning news says the market should open up. Nevertheless at the open the dow was volatile with some profit taking, currently up 13117.
Considering the big February correction and the higher current interest rate climate I'm not sure the markets will continue up at the same rapid rate that they did as the market was recovering from the correction.
You lose a little if you wait for the markets to clear the double top pattern and the market keeps going up. If the market stagnates at 13000 you earn more in the money market at current rates than from stock dividends.