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History Made: Dow Closes Above 16K for First Time
Fox News ^ | 11/21/2013 | Adam Samson

Posted on 11/21/2013 5:24:44 PM PST by SeekAndFind

The Dow rallied more than 100 points to close above the 16000 mark for the first in history amid optimism the Fed will keep its foot firmly on the economic accelerator.

The Dow Jones Industrial Average (DJI) rose 109 points, or 0.69%, to 16010, the S&P 500 (GSPC) advanced 14.5 points, or 0.81%, to 1796 and the Nasdaq Composite (IXIC) gained 47.9 points, or 1.2%, to 3969.

Wall Street has rallied in a big way this year. The Dow is up more than 22%, and has rallied 145% since its bear-market low in March 2009.

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


TOPICS: Business/Economy; Culture/Society; Front Page News
KEYWORDS: dollar; dow; dowjones; stockmarket

1 posted on 11/21/2013 5:24:44 PM PST by SeekAndFind
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To: SeekAndFind

Yes, and the government printing presses are smoking.


2 posted on 11/21/2013 5:27:02 PM PST by skeeter
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To: SeekAndFind

BIG (banksters and international gangsters) is making out like bandits these days!


3 posted on 11/21/2013 5:29:43 PM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: Jack Hydrazine

All I can say is if you own stocks in your brokerage account and they’re way up this year, protect yourselves by putting a trailing stop order.

See here:

https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Forders%2FtrailingStops.php

Many people know how to buy but seldom do people sell ( until it is too late ).


4 posted on 11/21/2013 5:32:50 PM PST by SeekAndFind
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To: SeekAndFind

= 30-40K auto prices. 40-50K trucks. Or chinese “box cars.”


5 posted on 11/21/2013 5:33:06 PM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: Jack Hydrazine

>>BIG (banksters and international gangsters) is making out like bandits these days!

Yep. Workers are getting shafted and we’re supposed to celebrate an artificial stock market.

BTW, love the tagline! You are dead right. I wish that more FReepers understood that truth.


6 posted on 11/21/2013 5:36:53 PM PST by Bryanw92 (Sic semper tyrannis)
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To: SeekAndFind

This is the biggest con of all time.

Dow Jones tracks stocks to come up with their average.

Let a stinker come along and poof, it is gone as fast as Enron.


7 posted on 11/21/2013 5:39:01 PM PST by hadaclueonce (This tag left blank on purpose)
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To: SeekAndFind

And if the ‘official’ unemployment rises to 20% Bernanke can push it up to 20,000...


8 posted on 11/21/2013 5:41:59 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: Bryanw92

I’m waiting for the day Rush gets it.


9 posted on 11/21/2013 5:48:56 PM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: SeekAndFind

No place else for money to go. The feds keep pumping funny money to the stock market. This is a much bigger bubble than the housing market and the crash will be absolute at this rate.


10 posted on 11/21/2013 5:50:50 PM PST by Dapper 26
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To: SeekAndFind

A crash is inevitable, but not necessarily imminent. It’ll be brutal....the low will be 50% off the high.


11 posted on 11/21/2013 5:51:13 PM PST by wny
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To: Jack Hydrazine

>>I’m waiting for the day Rush gets it.

He never will (admit it). He’s a Republican who thinks that the stock market is an indicator of the nation’s financial health.


12 posted on 11/21/2013 5:51:38 PM PST by Bryanw92 (Sic semper tyrannis)
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To: Bryanw92

How much is 16K in 2008 dollars?


13 posted on 11/21/2013 5:52:07 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: SeekAndFind

the more quanitative easing the higher it will go.


14 posted on 11/21/2013 5:52:37 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: GeronL

>>How much is 16K in 2008 dollars?

$14712.

It’s $1367 in 1920 dollars.

And its $5650 in 1980 dollars.

And its $8900 in 1990 dollars.


15 posted on 11/21/2013 5:59:40 PM PST by Bryanw92 (Sic semper tyrannis)
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To: SeekAndFind

More, faster! Forward the collapse! 20K DJIA, here we come! QE to Infinity, and Beyond!


16 posted on 11/21/2013 6:06:01 PM PST by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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To: SeekAndFind

17 posted on 11/21/2013 6:10:57 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: SeekAndFind

Just like before Black Tuesday in 1929. I think this whole thing will come crashing down just like then.


18 posted on 11/21/2013 6:12:19 PM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: Jack Hydrazine
I’m waiting for the day Rush gets it.

Another one who doesn't get it is radio talk show host Bob Brinker (Moneytalk), who thinks the stock market is some sort of positive indicator of the financial health of the country, when in fact it is a symptom of a poor economy, since that is where money is parked when there is a lack of better rates of return. Brinker also blatantly ignores politics as if economics operates in a vacuum.
19 posted on 11/21/2013 6:18:05 PM PST by SpaceBar
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To: Jack Hydrazine

Wow I never knew I was a BIG Bankster. I just thought it was a 401K


20 posted on 11/21/2013 6:24:09 PM PST by pfflier
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To: pfflier

We should rejoice.


21 posted on 11/21/2013 6:26:05 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: hadaclueonce

“This is the biggest con of all time. Dow Jones tracks stocks to come up with their average. Let a stinker come along and poof, it is gone as fast as Enron.”

Even worse, the best way for a company to drive up its stock is to cut loose American workers and replace them with foreign serfs. The stock market hasn’t been an indicator of the average American’s well-being in decades; now it is a better gauge of the health of Asia’s rising middle class rather than the health of our falling one.


22 posted on 11/21/2013 6:33:18 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: GeronL

1999 Carrera 4 Coupe: $70,480
1997 Turbo Coupe: $105,000

2013 Carrera 4 Coupe: $91,030
2013 Carrera Turbo: $137,500


23 posted on 11/21/2013 6:44:26 PM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: Varsity Flight

2008 Cat food 3oz can: .31-.37
2013 Cat food 3oz can: .55-.60


24 posted on 11/21/2013 6:49:29 PM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: SeekAndFind

The American Middle Class can support anything......for a while


25 posted on 11/21/2013 6:59:39 PM PST by eartick (Been to the line in the sand and liked it)
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To: Bryanw92

Mayne WE should occupy wallstreet.


26 posted on 11/21/2013 7:01:16 PM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: demshateGod

Mayne = Maybe.


27 posted on 11/21/2013 7:05:17 PM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: Varsity Flight

I noticed the price of paper towels was sky-high too.


28 posted on 11/21/2013 7:07:35 PM PST by Son House (Democrats want you to use 'Great Recession' instead of 'Jobless Recovery', recession ended June 2009)
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To: Bryanw92; SpaceBar

I would point out that Rush has observed the FED QE3 is being used to prop the market, though I would like to see the direct evidence, Rush had recited from a news article.


29 posted on 11/21/2013 7:11:36 PM PST by Son House (Democrats want you to use 'Great Recession' instead of 'Jobless Recovery', recession ended June 2009)
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To: demshateGod

>>Mayne WE should occupy wallstreet.

WE should. Back when OWS first started, I agreed with them and thought that we should join with them. But, then a week later all the crazies on the Left came out and turned it into Grievance-apalaooza, and then real crazies came out and turned it into a sewer and rape-fest.

But for about one week, it was a very noble thing.


30 posted on 11/22/2013 12:39:06 AM PST by Bryanw92 (Sic semper tyrannis)
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To: SeekAndFind

How far the dollar has fallen..................


31 posted on 11/22/2013 1:38:36 AM PST by Sarajevo
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To: Bryanw92

“I wish that more FReepers understood that truth.”

That truth will never be tolerated on this site. It’s why I rarely come here anymore....a bit like living in the dark.


32 posted on 11/22/2013 1:59:00 AM PST by Kimberly GG ("Path to Citizenship" Amnesty candidates will NOT get my vote!)
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To: kearnyirish2

“Even worse, the best way for a company to drive up its stock is to cut loose American workers and replace them with foreign serfs.”

-

Yup.

You nailed it.


33 posted on 11/22/2013 2:16:27 AM PST by Cringing Negativism Network
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To: Cringing Negativism Network

Thanks; odd that these stories are still trumpeted as anything positive when anyone with eyes can see the deterioration around them. Here in NJ they’ve announced layoffs by pharmaceutical companies (which undoubtedly pushed the Dow higher); what the Hell are people “celebrating”? An increasing number of the shareholders themselves aren’t even American...


34 posted on 11/22/2013 2:34:06 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Jack Hydrazine

Rush is hitting the wall lately. I think he knows he has been used, and has been set aside.


35 posted on 11/22/2013 7:26:45 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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China will no longer stockpile USD
http://theeconomiccollapseblog.com/archives/china-announces-that-it-is-going-to-stop-stockpiling-u-s-dollars


36 posted on 11/22/2013 7:30:34 AM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: redgolum

I think in some ways you are correct but he still doesn’t really understand that the Pubbies are on the Dem’s side and have for a long time.


37 posted on 11/22/2013 7:57:38 PM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; me = independent conservative)
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To: Bryanw92

Those are the official figures, reality is far worse.


38 posted on 11/23/2013 1:53:34 PM PST by RipSawyer (The TREE currently falling on you actually IS worse than a Bush.)
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To: kearnyirish2

At Florence, South Carolina H.J. Heinz has announced plans to close the plant which opened in August 2011. That must be some kind of record, little more than two years from opening to the announcement of closing plans. The real economy is in terrible shape, the Dow means nothing.


39 posted on 11/23/2013 2:12:55 PM PST by RipSawyer (The TREE currently falling on you actually IS worse than a Bush.)
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To: RipSawyer

“The real economy is in terrible shape, the Dow means nothing.”

The AMERICAN economy is in terrible shape, the Dow means the WORLD economy is making money (not that it is an indicator of the average person’s well-being).


40 posted on 11/23/2013 4:23:59 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: SeekAndFind

Look at all the pretty bubbles.....


41 posted on 11/23/2013 4:39:05 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: demshateGod
Maybe WE should occupy Wall Street.

Good one!

42 posted on 11/23/2013 4:41:00 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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