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Jobs drive Dow, S&P 500 to records in short session. Dow Breaks 17,000.
Reuters via Yahoo Finance ^ | 07/03/2014 | By Ryan Vlastelica

Posted on 07/03/2014 1:31:48 PM PDT by SeekAndFind

Edited 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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: dow; dowjones; sp500; stockmarket

1 posted on 07/03/2014 1:31:48 PM PDT by SeekAndFind
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To: SeekAndFind

Lies. All lies.


2 posted on 07/03/2014 1:32:16 PM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)
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To: SeekAndFind

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.


3 posted on 07/03/2014 1:33:28 PM PDT by PGR88
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To: SeekAndFind

Can you spell BUBBLE?


4 posted on 07/03/2014 1:34:17 PM PDT by traderrob6
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To: traderrob6

Can you spell BUBBLE?

That will be Obama’s parting gift(with 30 or 40 million pardons) ,if he decides to leave


5 posted on 07/03/2014 1:36:29 PM PDT by molson209 (Blank)
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To: SeekAndFind; Dick Bachert
One of my all time favorite vanities.

DOW HITS 13,000! BIG DEAL!!

6 posted on 07/03/2014 1:38:13 PM PDT by Theoria (End Socialism : No more GOP and Dem candidates)
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To: molson209

That’s all well and good.
Just tell me when to short bigtime so I can become the next John Paulson.


7 posted on 07/03/2014 1:39:44 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: SeekAndFind

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??????

https://confoundedinterest.wordpress.com/2014/07/03/us-payrolls-surge-288k-as-average-hourly-earnings-growth-falls-to-2-0-people-not-in-labor-force-at-new-record-high/


8 posted on 07/03/2014 1:40:36 PM PDT by MRourke85
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To: SeekAndFind

The numbers are not adjusted for inflation. So useless.


9 posted on 07/03/2014 1:41:56 PM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: SeekAndFind

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.


10 posted on 07/03/2014 1:48:31 PM PDT by slouper (LWRC SPR 223)
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To: I want the USA back

The current rate of inflation is 2.1%.
http://www.usinflationcalculator.com/inflation/current-inflation-rates/

That rate of inflation has a negligible effect on the stock market or unemployment rate.


11 posted on 07/03/2014 1:51:17 PM PDT by Nero Germanicus (PALIN/CRUZ: 2016)
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To: Nero Germanicus

It’s a lot higher than 2.1%, if you put fuel and food back into the equation numbers.


12 posted on 07/03/2014 1:59:43 PM PDT by carriage_hill ( Incoming fire always has the right of way.)
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To: traderrob6

[ Can you spell BUBBLE? ]

The economy is running on the “Lie Bubble” and when that bubble bursts, reality is gonna suck


13 posted on 07/03/2014 2:01:56 PM PDT by GraceG (No, My Initials are not A.B.)
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To: Theoria

Isn’t 17,000 some sort of “Final Threshold” before the crap is shovel towards the air moving device?


14 posted on 07/03/2014 2:02:44 PM PDT by GraceG (No, My Initials are not A.B.)
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To: SeekAndFind

SuckerFest

The big players know the score...and they plan to keep the cash the starry eyed fools just gave them


15 posted on 07/03/2014 2:11:33 PM PDT by Regulator
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To: I want the USA back
The numbers are not adjusted for inflation. So useless.

I am a poor bear but you are wrong. Stock prices auto-adjust for inflation. That's why stocks zoom during hyperinflations.

16 posted on 07/03/2014 2:13:44 PM PDT by steve86 ( Acerbic by nature, not nurture)
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To: Nero Germanicus

Make that the Food, Energy and Housing categories in the Core CPI.


17 posted on 07/03/2014 2:18:38 PM PDT by carriage_hill ( Incoming fire always has the right of way.)
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To: traderrob6
Well I hate to splash cold water on the stock market bubble meme but since I've been on the Free Republic (going back to 1997), I've seen countless threads about out the stock market it going to crash and how all those foolish enough to invest in it are going to get their comeuppance.

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.

18 posted on 07/03/2014 2:23:37 PM PDT by SamAdams76
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To: PGR88

17000 in play dough.


19 posted on 07/03/2014 2:37:08 PM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: SamAdams76

LOL, knock yourself out, we’ll see who’s right in the end. And who’s left standing.


20 posted on 07/03/2014 2:49:52 PM PDT by traderrob6
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To: SeekAndFind
Record number of Americans, 92 million, not working.

Despite the non-stop media cheerleading, Americans consider Obama to be the worst president since WWII. They believe what they see --not the media.

21 posted on 07/03/2014 2:53:35 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: carriage_hill

What relationship between the core CPI and the Dow-Jones Industrial Average are you trying to draw?


22 posted on 07/03/2014 2:59:21 PM PDT by Nero Germanicus (PALIN/CRUZ: 2016)
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To: SeekAndFind; mickie; pax_et_bonum; Maine Mariner
Rush went over these phony figures today with a fine tooth comb. He stressed over and over how ObamaCare is causing employers to put employees into part-time because they can't afford the ACA. Also, to not hire full-timers any more at all.

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.

Leni

23 posted on 07/03/2014 3:04:38 PM PDT by MinuteGal (The Infernal Revenue Service - forever to be known as the BS-IRS)
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To: traderrob6

I’ll be standing. You can count on that!


24 posted on 07/03/2014 3:21:04 PM PDT by SamAdams76
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To: SamAdams76
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.

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.

25 posted on 07/03/2014 5:43:14 PM PDT by roadcat
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