Skip to comments.New record for S&P 500, Dow just misses
Posted on 04/03/2014 10:19:45 AM PDT by SeekAndFind
The S&P 500 closed at a new record high, its eighth of the year. The Dow Jones Industrial Average just missed closing at a new record, falling short by a mere 3 points.
A late afternoon rally helped power the indexes down the stretch, with the Nasdaq closing higher as well. But a record close for the S&P 500 at 1,890.90 was far from a sure thing during much of the session as stocks gained then retreated several times.
Investors will now turn their attention to Friday's much anticipated March unemployment report.
Today, they kept a close eye on this morning's ADP employment report, which showed a gain of 191,000 private sector jobs last month. That's slightly below expectations, but it was still the strongest job growth in three months.
Factory orders for February also came in better than expected at 1.6% growth for the month.
(Excerpt) Read more at money.cnn.com ...
The higher we go, the further we’ll fall. You ain’t seen nothin’ yet. ;)
About half of the 500 on the index are living fat off cronyism. If it weren’t for the bailouts, TARP, subsidies, and continuing regulations tailored to the big guys (Like ADM and ethanol mandates along with subsidies) the S&P would not be good. Berkshire Hathaway (Warren Buffet) ADM (ethanol)and not to mention 100 or so health insurance companies getting HUGE profits from subsidized Obamacare.
GWBush: 12 inches == 1 foot
0bama: 24 inches == 1 foot
We don’t need to fall at all.
But we need American jobs.
Now. Politicians stop selling out American jobs.
Americans need to work. We do not need support from our government, we need JOBS.
Both parties have been selling out working Americans.
Bring back American jobs. Now.
Oh, you bet. I’m happy for my 401K, but well diversified in hard assets, too.
This will not end well. The coming crash will make 2008 look like a day at the beach.
Best to prepare. And quick. :)
We are on a new permanently higher plateau. ;-)
You are SUCH a one-trick pony, LOL!
Not that you’re the least bit WRONG, mind you... :)
I know my view is not in the majority. I know by and large, our party has been sold on offshoring, and at the same time so have Democrats. Everyone is voting (against) American workers at the moment.
But in my view, the time for offshoring has passed. It is now time to bring back American jobs.
Whichever party moves first, will win. Bigtime.
It is high time, for America to bring back American jobs.
I am simply suggesting we be the party to start that.
I don’t want Democrats to drive the return of American jobs. I don’t want the result.
But Republicans seriously need to move.
You say this all the time.
Any specific thoughts about HOW to do it?
For example, would you have the federal government create “New Deal” type programs like FDR did?
I assume not. So, please elucidate, rather than just repeat.
I doubt if it will happen anytime soon. Suppose the Fed decides to keep interest rates low indefinitely? And they just might do that. A solid rate bump would increase borrowing costs. A debtor government can't allow that.
So with CD's at half a percent, the stock market might continue to be the only game in town. No other options exist to try to keep pace with inflation.
I'm not saying everyone ought to jump into the market. I'm just presenting another take. I myself have very little invested in stocks as I'm not comfortable with much risk at this point.
Er, it’s only $65B this month - projected to be $0B by October.
Not that I’m not happy with the money I’ve received.......
I believe America needs to counteract a worldwide system of discriminatory trade barriers, with our very own.
We need to defend America for a change.
We need to start making things again. Right here in America. We need to stop importing (almost everything).
We run a 440 billion / 122 billion trade deficit just with China. That was last year.
We cannot even own factories in China, or land, yet every company is rushing to set up shop there.
Why? What is it about making things in China, made by Chinese workers, which everyone on both parties is 100% sold on?
It’s not like the workers are free. They are members of the world’s largest communist party.
It’s not like we own the factories. To the best of my knowledge Chinese factores are (all) majority owned by Chinese. America companies only have minority ownership.
It’s not like any Americans at all, benefit, except for companies which are at this point, just selling out their market shares for a temporary advantage.
American investors cannot buy land in China. Why do we continue meanwhile, to build up Chinese tycoons to compete with Americans?
Chinese investors are buying increasingly significant American companies, huge swaths of American land, yet we are still stuck owning (minority) interests in Chinese companies, and not buying Chinese land?
We need to return American manufacturing to America.
Well, INFLATION is already here - it’s just not reported. Gasoline, Foodstuffs, the essentials...are through the roof!
Why Commodities aren’t taking off, is very puzzling.
Meh. It’s all rigged. I’m just trying to stay out of the way if I can and hold on to what I have!
949 days to go and 0bama is GONE. Unless he starts WWIII, which IS a possibility...
I agree. The Fed's won't raise interest rates because that would increase their borrowing costs. And they won't report the true inflation numbers because that would increase social security payouts, among other things.
As you said, it's all rigged.
I stand corrected.
projected to be $0B by October.