Skip to comments.Jobs drive Dow, S&P 500 to records in short session. Dow Breaks 17,000.
Posted on 07/03/2014 1:31:48 PM PDT by SeekAndFindEdited on 07/04/2014 6:04:39 AM PDT by Admin Moderator. [history]
NEW YORK (Reuters) - Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.
Both the Dow and S&P 500 ended at their third consecutive record highs. The Nasdaq ended at its highest since 2000 and rose for a third straight week. The three major indexes wrapped up a week of solid gains on the day before the Independence Day holiday, when the U.S. stock market will be closed.
(Excerpt) Read more at finance.yahoo.com ...
Lies. All lies.
Amazing. America could very well be in recession, and the Dow is making record highs.
Tell me again how the Fed/Govt money-printing and debt don’t benefit the rich and connected to the detriment of everyone else.
Can you spell BUBBLE?
Can you spell BUBBLE?
That will be Obama’s parting gift(with 30 or 40 million pardons) ,if he decides to leave
That’s all well and good.
Just tell me when to short bigtime so I can become the next John Paulson.
This is the stupidest headline ever!!!!
799K PART-TIME Jobs were added, 523K (a half a million) full-time jobs were LOST. Average hourly wage earnings YoY FELL to 2.0%. HOW is this good news??????
The numbers are not adjusted for inflation. So useless.
It’s all FAKE folks, doesn’t mean a thing except that reality will eventually come to the fore and then, look out! We’re all screwed then.
This is about as reliable as the unemployment figures.
Thanks Barry, your work to destroy this nation is progressing nicely.
The current rate of inflation is 2.1%.
That rate of inflation has a negligible effect on the stock market or unemployment rate.
It’s a lot higher than 2.1%, if you put fuel and food back into the equation numbers.
[ Can you spell BUBBLE? ]
The economy is running on the “Lie Bubble” and when that bubble bursts, reality is gonna suck
Isn’t 17,000 some sort of “Final Threshold” before the crap is shovel towards the air moving device?
The big players know the score...and they plan to keep the cash the starry eyed fools just gave them
I am a poor bear but you are wrong. Stock prices auto-adjust for inflation. That's why stocks zoom during hyperinflations.
Make that the Food, Energy and Housing categories in the Core CPI.
I won't even mention all the "buy gold now" threads.
The "stock market is about to collapse" meme actually dates back to Carter years, when I was just a young pup getting started in this crazy life of mine.
Anyway, I guess I'm glad I never panicked and bailed out of the stock market because my holdings are valued higher than ever and if I really wanted to, I could cash out now and retire rather comfortably. So just a word of caution to those considering bailing out out the stock market. I've been hearing about the imminent crash for nearly 40 years now.
Oh I suppose we are headed for a major correction at some point which will precipitate an avalanche of "told-you-sos" here - but even if my portfolio was to be decimated in a 1929-Depression Era crash (very unlikely given the safeguards in place), I'd still be better off than if I had never invested at all.
Yes, with respect to stocks, there are many unwise investments out there that are overvalued and a house of cards ready to fall. However, there are many solid investments that are worth holding on to even during a crash. In fact, a stock market crash will present a buying opportunity for many who wish to get into some blue-chip stocks. One of the best moves I made was buying tech stocks cheap after the dot-com crash of 2000 such as Oracle, Amazon and Apple.
17000 in play dough.
LOL, knock yourself out, we’ll see who’s right in the end. And who’s left standing.
Despite the non-stop media cheerleading, Americans consider Obama to be the worst president since WWII. They believe what they see --not the media.
What relationship between the core CPI and the Dow-Jones Industrial Average are you trying to draw?
So part-time-job figures with no benefits go up, and full-time-job figures go down. And the low information folks believe these rosy figures are the cat's pajamas.
And liars are figuring and figures are lies.
I’ll be standing. You can count on that!
Wise words. I didn't know what to do hearing words of an imminent crash the last couple times. I left my money in the stock market, took a beating losing about a third of my money. But it recovered, the rebound made back my money and more. I did better by not panicking. I did retire but haven't cashed out, even if I take another beating I'll still have a nice nest egg. I know people who cashed out and missed the rebound and they're struggling in retirement. Difficult choices are being made, some unwise.