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 ...
Yes, and the government printing presses are smoking.
BIG (banksters and international gangsters) is making out like bandits these days!
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 ).
= 30-40K auto prices. 40-50K trucks. Or chinese “box cars.”
>>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.
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.
And if the ‘official’ unemployment rises to 20% Bernanke can push it up to 20,000...
I’m waiting for the day Rush gets it.
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.
A crash is inevitable, but not necessarily imminent. It’ll be brutal....the low will be 50% off the high.
>>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.
How much is 16K in 2008 dollars?
the more quanitative easing the higher it will go.
>>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.
More, faster! Forward the collapse! 20K DJIA, here we come! QE to Infinity, and Beyond!
Just like before Black Tuesday in 1929. I think this whole thing will come crashing down just like then.
Wow I never knew I was a BIG Bankster. I just thought it was a 401K
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