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U.S. stocks higher; S&P 500 at best level in nearly 6 years (NEW DOW HIGH, NASDAQ 6 YEAR HIGH)
Marketwatch ^ | 10/26/06 | By Mark Cotton

Posted on 10/26/2006 1:13:14 PM PDT by RogerWilko

NEW YORK (MarketWatch) -- U.S. stocks were on the rise late in Thursday's session, after a fresh batch of earnings reports led by Exxon Mobil Corp., Dow Chemical, Comcast Corp and others lifted the S&P 500 Index to its best level in about six years. ADVERTISEMENT

With less than an hour of trade left, the Dow Jones Industrial Average, meanwhile, was on track to close at a record for the fourth straight session, while the Nasdaq Composite flirted with six-month highs.

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: dow; nasdaq; sp500; stocks; thebusheconomy; wgids
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For a new DOW Record and just about 6 year highs for the S&P 500 and Nasdaq, they sure didn't shout too loud, did they?

We wouldn't want anyone to think the economy's doing okay now would we?

1 posted on 10/26/2006 1:13:16 PM PDT by RogerWilko
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To: RogerWilko

Bump for more great economic news!


2 posted on 10/26/2006 1:14:35 PM PDT by RobFromGa (The GOP will retain the Senate and House in 2006- Let's Do Something With It!)
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To: RogerWilko

Excellent news.


3 posted on 10/26/2006 1:15:56 PM PDT by jveritas (Support The Commander in Chief in Times of War)
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To: RogerWilko

4 posted on 10/26/2006 1:16:00 PM PDT by COEXERJ145 (Free Republic is Currently Suffering a Pandemic of “Bush Derangement Syndrome.”)
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To: RogerWilko

Microsoft posts earnings, revenue that top forecasts. Details soon. per http://money.cnn.com/


5 posted on 10/26/2006 1:16:07 PM PDT by rit
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To: All

Oh by the way... I added the stuff in the parenthesis! That might have made the news look TOO good, if they threw all that in!


6 posted on 10/26/2006 1:17:16 PM PDT by RogerWilko
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To: RogerWilko

Worst economy in 3500 years!!!!

Women and minorities hardest hit!!!!

Algore says full-scale planetary emergency means that the US economy will cease to exist within 10 years!!!!


7 posted on 10/26/2006 1:17:51 PM PDT by Enchante (There are 3 kinds of lies: Lies, Damned Lies, and the Drive-By Media)
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To: RogerWilko

I'll expect Katie, et al to ballyhoo this all across America tonight.............not!.......


8 posted on 10/26/2006 1:18:07 PM PDT by Red Badger (CONGRESS NEEDS TO BE DE-FOLEY-ATED...............................)
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To: RogerWilko

The MSM will say, "Dow up, but many Poor". If a dem was President the headline would read, "Dow Up, Prosperity for All"


9 posted on 10/26/2006 1:19:23 PM PDT by GOPJ (Movie tickets are donations to the people who undermine us, our families, and our beliefs.)
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To: RogerWilko

Market Watch buried the new Dow high at the bottom of the third paragraph in this article.

In fact I missed it when I read the article after the closes.


10 posted on 10/26/2006 1:22:29 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: Red Badger; All
I'll expect Katie, et al to ballyhoo this all across America tonight

Can you imagine the headlines if BJ Klintoon were still running the show right now! That's all we'd see for 10 minutes on the evening news!:

"ECONOMY ROARING!! STOCK MARKETS SOAR TO RECORD HEIGHTS!!"

Pictures of people shopping, working, spending money!

Wonder what we'll see tonight... If we watch?

11 posted on 10/26/2006 1:24:24 PM PDT by RogerWilko
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To: RogerWilko
Last Three Months DOW JONES INDUSTRIALS:


12 posted on 10/26/2006 1:25:19 PM PDT by RobFromGa (The GOP will retain the Senate and House in 2006- Let's Do Something With It!)
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To: RogerWilko
And, 99.9999999999666669699684337487874% of Americans will ignore it and say the country's economy sucks and we are in doom of another depression if socialist democrats are not elected.
13 posted on 10/26/2006 1:27:28 PM PDT by RetiredArmy (Just call be a Rush Limbaugh type of conservative. I ain't cutting and running! VOTE!)
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To: RogerWilko
No, tonight they'll focus on:

Is America's economy overheating? Is the bubble about to burst?.......

14 posted on 10/26/2006 1:27:29 PM PDT by Red Badger (CONGRESS NEEDS TO BE DE-FOLEY-ATED...............................)
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To: RobFromGa
The DUmmies have GOT to be panicking and hoping for some small disaster in the next week and a half! Why would any loser want to put DUmmies in charge of the country NOW?

You can't tell me that JUST because Iraq may be a sticky situation, that MOST people would be STUPID enough to hand Congress over to a bunch of clueless DUmmies!

15 posted on 10/26/2006 1:30:25 PM PDT by RogerWilko
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To: RogerWilko

Nasdaq near its highs? I think not .... you can see the huge underperformance in the chart at http://www.page88.co.za/cr/sp500-dow-nasdaq.shtml


16 posted on 10/26/2006 1:32:30 PM PDT by Cage Rattler
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To: RogerWilko; All

17 posted on 10/26/2006 1:38:59 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: RogerWilko
R-O-V-E-----B-U-S-H-----C-H-E-N-E-Y

My 401 thanks you :-)

18 posted on 10/26/2006 1:46:09 PM PDT by evad
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To: RogerWilko

19 posted on 10/26/2006 1:46:09 PM PDT by GunnyHartman (The DNC, misunderestimating Dubya's strategery since 2000.)
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To: Enchante

LOL!;)


20 posted on 10/26/2006 1:50:30 PM PDT by Frank_2001
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To: RogerWilko

21 posted on 10/26/2006 1:51:17 PM PDT by petercooper (Polls Schmolls.)
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To: RogerWilko

bttt


22 posted on 10/26/2006 1:54:19 PM PDT by 1035rep
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To: evad
"My 401 thanks you :-)"

I guess you didn't buy 6 years and a day ago.
23 posted on 10/26/2006 1:58:15 PM PDT by ndt
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To: ndt

Sour grapes?


24 posted on 10/26/2006 2:21:10 PM PDT by Ernest_at_the_Beach (History is soon Forgotten,)
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To: Cage Rattler
Nasdaq near its highs? I think not

I didn't say the Nasdaq was near it's high, I said near it's 6 year high! The last time it closed higher than 2379 was 16 Feb 2001, according to the chart I was looking at.

It closed at 2425 that day, then it was ALL downhill from there!

25 posted on 10/26/2006 2:21:41 PM PDT by RogerWilko
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To: RogerWilko

We have an aging population - this is what the Pubbies don't get ...

26 posted on 10/26/2006 2:29:34 PM PDT by 11th_VA
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To: RogerWilko

Anyone got the clip of Dick Gebhart bragging back in 2002 how every 100 points the DOW went down was another Democrat Congressional Seat pick up?

Wonder what Dicky would say today?


27 posted on 10/26/2006 2:34:59 PM PDT by MNJohnnie (EeevilCon, Snowflake, Conservative Fundamentalist Gun Owning Bush Bot Dittohead reporting for duty!)
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To: RogerWilko

I remember reading about a study of the last 100 years' Presidential elections, in which the overall movement of the Dow was an almost 100% accurate predictor of the winner(IE: If the movement was up, the party in power stayed in power and vice versa). I don't know if this in any way applies to offyear elections, but if it does, we would seem to be in good shape.


28 posted on 10/26/2006 2:44:40 PM PDT by Marathoner
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To: ndt
I guess you didn't buy 6 years and a day ago.

Ugh. The bursting of the Clinton Bubble.

Yeah.. I was in it then, and I took a hit but not a bad one.

29 posted on 10/26/2006 2:52:44 PM PDT by evad
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To: RogerWilko

Sorry to soil the party, but NASDAQ still has ways to go before it reaches its all time high of over 5000. It isn't even half-way there.

I'm not holding my breath in the meantime.


30 posted on 10/26/2006 3:09:32 PM PDT by SirLinksalot
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Democrat news headlines :"President Bush responsible for causing mental instability in people who are so confused about increased amouints of money in their pockets that they don't know what to do- Impeach Bush"

Christian news and commentary at: sacredscoop.com ...

31 posted on 10/26/2006 5:20:33 PM PDT by CottShop (http://sacredscoop.com)
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To: RogerWilko
For a new DOW Record and just about 6 year highs for the S&P 500 and Nasdaq, they sure didn't shout too loud, did they?

Indeed, they made the headline sound like the Dow wasn't at an all time high, just "U.S. stocks higher; S&P 500 at best level in nearly 6 years" -

"higher" should have been "highest" - and they know it. They are choking on this. thinly disguised twist to make people think - "since Clinton" -

I spent many years in the newspaper business - and published and edited.

This crap makes me steam from both ears/

32 posted on 10/26/2006 5:30:08 PM PDT by maine-iac7 ("...but you can't fool all of the people all of the time." Lincoln)
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To: RogerWilko

...but...but...I did't see or hear this mentioned in the MSM?!?! Probably just one big oversight on their part. I can only imagine that if Kerry had been elected and the markets were doing the same thing (never would happen), the MSM would have a ticker tape parade for him every day!


33 posted on 10/26/2006 6:56:34 PM PDT by Constitutional Patriot (Socialism is anti-American, and Democrats are socialists!!!)
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To: RogerWilko

Nobody else has said it yet on this thread, but it needs to be said.

BUSH's FAULT.


34 posted on 10/26/2006 7:14:23 PM PDT by Axhandle
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To: evad
"R-O-V-E-----B-U-S-H-----C-H-E-N-E-Y My 401 thanks you :-)"

LOLOL! Yeah, my kids are watching their 401 just keep cranking out the daily increases. Sad...don't they know it's all BUSH'S fault??

35 posted on 10/26/2006 9:40:05 PM PDT by redhead (Valley Trash: The beer of champions!)
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To: SirLinksalot; Alberta's Child; LS; petercooper; Milhous; george76; SierraWasp

"Sorry to soil the party, but NASDAQ still has ways to go before it reaches its all time high of over 5000. It isn't even half-way there.

I'm not holding my breath in the meantime."

Nice try there, but this bs is getting very old.

'The Nasdaq index peaked at an intra-day high of 5,132.52 on March 10, 2000, which signaled the beginning of the end of the dot-com stock market bubble. (Wickipedia)'

Only the gloomers and doomers try to compare the Clintoonian Nasdaq made up of the most part by dot comers that never had a product, nor a service nor a profit with today's Nasdaq. Those weren't companies for the most part, they were Arthur Andersen accounting shams posing as Nasdaq companies.

The companies in today's QQQQ have real products, real services and make profits versus the Rat.com companies of the Clintoonian 1990's to 2000.

Doomers and Gloomers working for George $oreA$$ need a new whine. This so called comparison of the 2000 bubble busting Nasdac to today's is very old and is pure BS.


36 posted on 10/26/2006 11:05:00 PM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: redhead
"Sad...don't they know it's all BUSH'S fault??"

Heh..yeah.

They probably think it's that silly financial advisor, you know, the one that can't even beat the S&P500.

37 posted on 10/27/2006 4:13:11 AM PDT by evad
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To: RogerWilko
Paper assets have gone nowhere since 2001.

If you don't want to be left behind, get into hard assets.

Paper assets are so yesterday.


BUMP

38 posted on 10/27/2006 4:26:19 AM PDT by capitalist229 (Get Democrats out of our pockets and Republicans out of our bedrooms.)
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To: SirLinksalot
The NASDAQ probably won't get back to that level for at least another 15 years.

You're not soiling the party, either. Anyone who got screwed when the NASDAQ collapsed was clearly over-exposed to high-risk stocks that any investor with even a modicum of financial sense would have stayed away from.

Yes, my technology-oriented mutual funds lost about 65% of their value in 2000. But since they only comprised about 15% of my portfolio it wasn't such a big deal. And anyone who has been dollar-cost averaging for the long term has been able to take advantage of ups and downs in that market anyway.

39 posted on 10/27/2006 6:21:18 AM PDT by Alberta's Child (Can money pay for all the days I lived awake but half asleep?)
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To: Grampa Dave
Shhhhh. Don't tell anyone :


40 posted on 10/27/2006 7:12:32 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

Is there anyway you can add to that chart the decrease in 2002 that came after the Rats took back control of the senate. That decrease continued until the new Republican congress was sworn in 2003 after the November 2002 elections, and GW's Tax cuts were made into law as you have noted on the chart.

The proposed tax increase of Hilliarily, Kennedy, Kerry, Boxer and others stuck a knife into our post 9/11 recovery until the election of 2002 and GW's tax cuts as you have noted on the chart.


41 posted on 10/27/2006 7:22:44 AM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: Alberta's Child

"You're not soiling the party, either. Anyone who got screwed when the NASDAQ collapsed was clearly over-exposed to high-risk stocks that any investor with even a modicum of financial sense would have stayed away from."

I was on our church's finance committee during the Clintoonian years. I took a lot of abuse for refusing to put all of a retro fit fund, the church's savings and an endowment fund mainly into QQQ and then DIA, SPY and MDY at that time. The big pressure came at the first of 2000.

One of the pushers of this madness, lost over 50% on his Keough and IRA's. He wanted to retire in 2002. He is still working as an accountant and an CFO at hire. He thanks me every time we see each other for standing against his terrible advise and preventing the finance committee from buying into QQQQ. He blames the Arthur Andersen imaginary accounting for the bursts, and people like him who forgot the basics of business and invested in the dot.com insanity.


42 posted on 10/27/2006 7:40:04 AM PDT by Grampa Dave (There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
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To: george76

Regarding your chart...Look how someone was able to move the Dow on a downward trend between Jan 04 and the Nov 04 election, temporarily casting gloom upon what is otherwise a straight upward trend.


43 posted on 10/27/2006 7:47:23 AM PDT by ez ("Abashed the devil stood and felt how awful goodness is." - Milton)
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To: Grampa Dave
One can also see the Jimmah' spike.


44 posted on 10/27/2006 7:48:22 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: SirLinksalot
Sorry to soil the party, but NASDAQ still has ways to go before it reaches its all time high of over 5000. It isn't even half-way there.

Uhh, maybe that's because those stocks were ridiculously overpriced back then, with PE ratios totally out of whack. Sanity finally prevailed.

45 posted on 10/27/2006 7:49:35 AM PDT by dfwgator
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To: Grampa Dave
I was on our church's finance committee during the Clintoonian years. I took a lot of abuse for refusing to put all of a retro fit fund, the church's savings and an endowment fund mainly into QQQ and then DIA, SPY and MDY at that time.

My ex-inlaws went through retirement in the 90's and placed a lot of their money with a money manager that had them in the "Clinton" stock market. They lost over half of their cash, a couple hundred thou, when the Nasdaq...PROPPED UP TO MAKE CLINTON LOOK GOOD...went bust.

They still don't get it and vote Democrat.

46 posted on 10/27/2006 7:56:24 AM PDT by ez ("Abashed the devil stood and felt how awful goodness is." - Milton)
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To: ez
This is how they do it.


47 posted on 10/27/2006 7:56:26 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: Alberta's Child; Grampa Dave
caveat emptor. Too many McAuliffe sharks trying to turn a $100,000 stock investment into $18,000,000 make NASDAQ a risky place for conservative savers. Las Vegas offers better odds to gamblers.
48 posted on 10/27/2006 8:05:32 AM PDT by Milhous (Twixt truth and madness lies but a sliver of a stream.)
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To: RobFromGa

49 posted on 10/27/2006 8:24:20 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: 11th_VA
We have an aging population - this is what the Pubbies don't get ...

The Pubbies get it, that's why they want private accounts in Social Security. How would Democrats in power and higher taxes help with those shortfalls?

50 posted on 10/27/2006 9:20:17 AM PDT by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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