DOW PASSES ALL-TIME HIGH [Closes under 5 points off record]

Yahoo Finance ^ | Sept 28, 2006 | RobFromGa

[RobFromGa]

Previous high 11,722.98 in January 2000

At 9:39AM ET: 11,724.46 35.22 (0.30%)

[ConservativeMind]

WOHOO!

[spectre]

And it's all Bush's fault!

sw

[Incorrigible]

Obligatory "Bush's fault"

[BladeLWS]

Woohoo!

[Constitution Day]

IBTBF*

*In Before The 'Bush's Fault'

[wagglebee]

Actually, the high from interday trading was more like 11,750 (this is from the same day in January, 2000 when it had the record close).

[rightwingintelligentsia]

Yeah, worst economy since the Great Depression.

[Incorrigible]

LOL! Microseconds apart!

[Constitution Day]

Dang.

[roaddog727]

The ceiling has been broken!

GO DOW, GO!

WOOOOOOOOOOOOOOOOOOOOO

HHOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

DUmmie Deathwatch Alert!!!!

[Bloody Sam Roberts]

Unfortunately, to the jihadists, this will be like a red cape to a bull.

[Incorrigible]

Ha! Ha! Don't you wish!

[Lakeshark]

We're doomed........

[spectre]

Yeah...that was cool!

sw

[Einigkeit_Recht_Freiheit]

Yeah, worst economy since the Great Depression.

To belittle the fact that lower and lower-middle class people are having a hard time is foolish and arrogant. The economy is doing well, but certain people in it are not. Ignore them at your peril.

[The South Texan]

RYMB

[what's up]

No one is saying there are not struggling people.

But they will do much better in a healthy economy than in a poor one.

So a good economy is better for all.

[RobFromGa]

A new acronym RYMB "Rove You Magnificent Bastard"

[dubie]

This is just a "Psychological" barrier... /s (can't wait to see how liberals spin this...)

[Sacajaweau]

After 9-11, I thought it would be 10-20 years before we got back on our feet. We're amazing. AND, it's because we love our God, our Country and the children we cherish and protect.

God Bless America! God Bless President Bush. God Bless the Soldiers Who Love Us & Fight For Us to eliminate this scourge on the world.

[wagglebee]

The economy is doing well, but certain people in it are not.

It ALWAYS has been and ALWAYS will be that way. The "poor" are still going to be better off in a strong economy than in a weak one no matter what.

[mywholebodyisaweapon]

Not so fast! Yahoo finance shows that the 52-week range was 10,098.20 to 11,775.60. That means that in intra-day trading, the Dow was higher today's intra-day peak at some point within the past year. Let's see what it closes at.

[Earthdweller]

Alrighty!!

[stultorum]

"Previous high 11,722.98 in January 2000

I've lost money in the market since 2000, not much but I've lost quite a bundle. I'm out of it except for two mutual funds and I do not intent to get back into the market any time soon. This is not the time to jump in - time to stay liquid, imo.

We're right back to where we were almost seven years ago.

[Constitution Day]

I've gotta work on my posting speed. I'm getting rusty.

[Fury]

Noooooooooooo!!!!!!!!!!!!!!!!!!!!!!

[mainepatsfan]

Now the DBM is praying it doesn't close past it.

[Cringing Negativism Network]

Isn't "preying" spelled with an e?

[RobFromGa]

I didn't say we closed above the all-time high, we need to pass the mark before we can close at it...

I would like to see this psychological barrier passed. And maybe we'll close above 11,723 today or tomorrow. Considering all we've been through since 2000, this would be a nice achievement. I see 13,500-14,000 by the end of next year assuming we hold Congress.

[jrooney]

This is more significant in historical means than anyone in the press will ever get GW for BECAUSE CLinton's one time high was built on the FALSE reporting of 100's of companies inflating their earnings. Clinton would have never come close to his dow high, so GW's dow reach is phenomenal on an economy with real growth.

[The South Texan]

"To belittle the fact that lower and lower-middle class people are having a hard time is foolish and arrogant. The economy is doing well, but certain people in it are not. Ignore them at your peril."

True, in whatever economy you have some that struggle more than others. But when I go to Wal-Mart which caters to the lower and lower middle class, I see a bunch of them with alot of stuff other than food in their shopping carts.

Our lower and lower middle class would be very wealthy in other countries if their lifestyles and their possessions were the only thing to evaluate their wealth by.

[728b]

Actually, the high from interday trading was more like 11,750 (this is from the same day in January, 2000 when it had the record close).

Exactly, and not an insignificant distinction. Let’s wait and see the close before we get too excited.

Usually new highs are achieved after sell programs at the top are consumed.

[gopwinsin04]

[rwfromkansas]

Good news.

not so good news:

Oil is SKYROCKETING from 60 to 63 and up now just in 2 days.

It may end today at 65 or higher.

Say goodbye to ANY hope of gas at 2 bucks a gallon.

It will be back to $2.60 soon because of the idiot oil traders. They should be shot.

[Lakeshark]

Imagine the consternation in news rooms accross the nation if it closes at an all time high.

*Lightbulb going off*

Tonights' headline: "Dow hits all time high, but the housing bubble is bound to burst, and the poor and minorities are still hurt by this economy"

[jrooney]

Please spare us. I do not need to hear someone from Germany say how well our econmy is doing. Our economy is booming, unlike all of Europes. This is the best damn economy in the world and the best we have seen in the US in many, many years.

[BaBaStooey]

[Onelifetogive]

I do not intent to get back into the market any time soon.

Let us know when you finally feel you've missed too much of the action and just have to get back in. That will be the signal for the rest of us to get out...

[Sicon]

Worst economy since:

[wagglebee]

Tomorrow is the last day of the quarter (and of the fiscal year for some), it wouldn't shock me to see a pull-back of a couple hundred points between today and tomorrow as traders try to lock in profits. Don't get me wrong, I still think we are going to see the Dow in record territory, but it will probably be a few weeks away.

[mainepatsfan]

Oh I'm sure they have all their "Yeah...but" economic related stories ready to go.

[RobFromGa]

Since 9-11

Notice Battle of Iraq started April 2003

[RobFromGa]

On your alltime chart, I think it is always instructive to draw a straight line from 1985 reading to the present trends, the hump during the Clinton years was pure bubble...

[andy58-in-nh]

Don't worry about oil prices. My decided opinion is that current short positions are unsustainable given market fundamentals.
Basically, what that means is that we're seeing a technical bounce in prices due to trading activity divorced from physical realities, all of which will reassert themselves. Demand is still down worldwide, and stockpiles are high. Refinery capacity has increased. There have been no hurricanes, and there will be none in the Gulf this year. Estimates of both reserves and drillable wells are higher than they were last year, and all the idiot day-trading in the world can't change reality.

[Earthdweller]

"To belittle the fact that lower and lower-middle class people are having a hard time is foolish and arrogant. The economy is doing well, but certain people in it are not. Ignore them at your peril."

You kinda have to have money first to give people raises.

Geez...some people are so impatient.

[Unmarked Package]

"Actually, the high from interday trading was more like 11,750 (this is from the same day in January, 2000 when it had the record close)."

You're correct, but I doubt either of us wants to kill the buzz in here because everyone's good mood and optimistic outlook is justified. The Dow reached an all-time intraday high of 11750.30 on Jan. 14, 2000; the all-time closing high of 11722.98 occurred the same day. We'll see where the Dow trades intraday and closes before making a new entry in the record book.

[BaBaStooey]

[RGSpincich]

About The Dow Jones Averages

[wagglebee]

The Dow may be at the same level it was seven years ago, but the health of the economy is totally different now. In the late 90's the markets seemed to completely ignore corporate profits and focus on things like inflation and the Nasdaq bubble drove the Dow. Many Dow components were trading at 30 to 40+ times earnings then, today it is generally under 20, that is a huge difference.