Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

High Times for Blue-Chip Stocks (3 1/2 year high)
TheStreet.com ^ | 12/21/2004 | Robert Holmes

Posted on 12/21/2004 2:19:13 PM PST by zencat

Stocks closed sharply higher Tuesday with the S&P 500 regaining the 1200 level while an upgrade of Intel helped lift the Dow to a new 2004 high.

The Dow Jones Industrial Average added 100 points, or 0.9%, to 10,762, passing its previous 2004 closing high of 10,737 touched in February and the best close since June 2001. The S&P 500 climbed 11 points, or 0.9%, to 1205 -- just shy of its recent 40-month high -- while the Nasdaq added 23 points, or 1.1%, to 2150. The 10-year Treasury note was recently up 2/32 to yield 4.17%, while the dollar rose against the yen and euro.

(Excerpt) Read more at thestreet.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bullmarket; bushrally; djia; dow; economy; equities; nyse; stocks; thebusheconomy
The Democrats may have to change their message from: "It's the worst economy ever" to "It's the new decade of greed."
1 posted on 12/21/2004 2:19:14 PM PST by zencat
[ Post Reply | Private Reply | View Replies]

To: zencat

I think 12,000 by the end of next year is not entirely out of the relm of possiblilities. If things in Iraq should stabilize by next summer, and oil prices drop sharply, I see a very good third and fourth quarter '05.


2 posted on 12/21/2004 2:21:43 PM PST by phoenix0468 (One man with courage is a majority. (Thomas Jefferson))
[ Post Reply | Private Reply | To 1 | View Replies]

To: zencat

The MSN homepage shows the S&P dropping 869 points.


3 posted on 12/21/2004 2:22:00 PM PST by KJacob (Faith is not believing God can. It is knowing God will.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: phoenix0468

It's Bush's fault, it always is. (sarcasm)


4 posted on 12/21/2004 2:23:21 PM PST by stm
[ Post Reply | Private Reply | To 2 | View Replies]

To: KJacob

So do a lot of other sites. Got any idea why this is? This can't possibly be true, can it?


5 posted on 12/21/2004 2:24:36 PM PST by rogue yam
[ Post Reply | Private Reply | To 3 | View Replies]

To: rogue yam

It is not true.


6 posted on 12/21/2004 2:25:10 PM PST by KJacob (Faith is not believing God can. It is knowing God will.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: KJacob

I don't think it is true. But still, FOX, Vanguard, etc. They all show this. I wonder why!


7 posted on 12/21/2004 2:26:34 PM PST by rogue yam
[ Post Reply | Private Reply | To 6 | View Replies]

To: stm

President Bush has to take the blame for this, in particular his 'risky' tax cut scheme.


8 posted on 12/21/2004 2:27:41 PM PST by zencat (The universe is not what it appears, nor is it something else.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: zencat

save


9 posted on 12/21/2004 2:28:27 PM PST by krunkygirl
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

"S&P 324.66 -869.99 "


bodies on Wall St.

hahaha...


10 posted on 12/21/2004 2:28:57 PM PST by dakine
[ Post Reply | Private Reply | To 7 | View Replies]

To: rogue yam

"I don't think it is true. But still, FOX, Vanguard, etc. They all show this. I wonder why!"

Probably because their feeds are all from the exchange where it is incorrect.


11 posted on 12/21/2004 2:29:06 PM PST by zencat (The universe is not what it appears, nor is it something else.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: rogue yam

All these sites get their information from the same DOW service. Someone screwed at the source, that's all. Pretty dramatic to look at though. My stomach dropped after I saw the same numbers at so many otherwise reliable sites.


12 posted on 12/21/2004 2:38:58 PM PST by fire and forget
[ Post Reply | Private Reply | To 5 | View Replies]

To: zencat
When the ruling elite zaps the market with steroids, as in the present deficit driven boom, it's time to take profits. After receiving market tips from a cab driver and a waitress recently, I've cashed in AA (at 34.55), WB, CHK, and EP and invested my money in tax free munis.

A certain sign of market hysteria is when Freepers brag about how Bush (or Reagan in 1987) has driven up the prices of stocks. Does the present market atmosphere remind you more of 1929, 1987, or March 2000?

13 posted on 12/21/2004 2:45:16 PM PST by MurryMom
[ Post Reply | Private Reply | To 1 | View Replies]

To: MurryMom

no.


14 posted on 12/21/2004 2:48:03 PM PST by Rightone
[ Post Reply | Private Reply | To 13 | View Replies]

To: MurryMom
"Does the present market atmosphere remind you more of 1929, 1987, or March 2000?"

None of the above. In those instances you couldn't find ANY naysayers like you and the market reached new plateaus. There are plenty of bears around now and the broad markets are not even close to previous highs. Sorry you cashed in. I'm ridin' this horse for all she's worth. Heeeyahh!

15 posted on 12/21/2004 2:53:32 PM PST by groanup (RATs are afraid of the light so spread a little sunshine.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: KJacob
Go here:

http://bigcharts.marketwatch.com/markets/indexes.asp

16 posted on 12/21/2004 3:14:54 PM PST by Cobra64 (Babes should wear Bullet Bras - www.BulletBras.net)
[ Post Reply | Private Reply | To 3 | View Replies]

To: zencat
Go here:

http://bigcharts.marketwatch.com/markets/indexes.asp

17 posted on 12/21/2004 3:15:55 PM PST by Cobra64 (Babes should wear Bullet Bras - www.BulletBras.net)
[ Post Reply | Private Reply | To 11 | View Replies]

To: MurryMom

"After receiving market tips from a cab driver and a waitress recently"

Oh gee, how more stereotypical can you get?
What? The shoeshine boy was selling derivatives?


18 posted on 12/21/2004 3:21:46 PM PST by dakine
[ Post Reply | Private Reply | To 13 | View Replies]

To: MurryMom
"A certain sign of market hysteria is when Freepers brag about how Bush (or Reagan in 1987) has driven up the prices of stocks. Does the present market atmosphere remind you more of 1929, 1987, or March 2000?"

____________________________________________________________

No. The reason stock values are rising is that there are more buyers than sellers now because earnings and yields are very strong. Additionally, the Fed has indicated they are going to continue to raise rates which will keep inflation in check. This will also serve to keep investors buying dollars which will keep Americans consuming resulting in increased earnings and yields for investors.

Has nothing to do with ruling elites, steroids or a deficit that, as a % of GDP, is less than during Reagan. It's ashame you cashed in so early. You left a lot of money on the table.
19 posted on 12/21/2004 3:22:49 PM PST by Mase
[ Post Reply | Private Reply | To 13 | View Replies]

To: zencat

It was foreseeable and clear that once the Kerry and elite media promoted recessionary campaign rhetoric fades the market will look forward again.
Without being daily told of pending economic disasters clear thinking regained the upper hand.
The market was undervalued based on fear of unemployment, inflation, interest rates, outsourcing, plant closings, losing out to the Asians, Europeans etc.
Has anybody heard about a retraction by the MSM elites of having erroneously condemned tax cuts, or better given credit for job creations?


20 posted on 12/21/2004 4:01:59 PM PST by hermgem
[ Post Reply | Private Reply | To 1 | View Replies]

To: stm
It's Bush's fault, it always is. (sarcasm)
 
Why perpetuate this lie?
 
Why not call it what it is... It is the democrats fault!!

21 posted on 12/21/2004 5:22:43 PM PST by Wolverine (A Concerned Citizen)
[ Post Reply | Private Reply | To 4 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson