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Why Dow 10,000 Will Remain Untouched For Years By Simon Maierhofer On Monday October 5, 2009, 12:31 pm EDT On March 9th, the Wall Street Journal ran an article titled 'Dow 5,000? There's A Case For It.' The Dow (DJI: ^DJI) bottomed that very day at 6,440, along with the S&P 500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC), and went on to rally for seven consecutive months. Fast forward to September 17th, when the Wall Street Journal ran an article titled 'The Dow Will Hit 10,000 Soon. So What?' It's too soon to say with certainty that the market has...

How unusual is it for the Nasdaq Composite Index to rise for 10 straight sessions, as it has now done? Believe it or not, it's not that unusual. Since 1971, when the Nasdaq Composite Index was created, there were -- before Tuesday of this week -- no fewer than 67 instances in which it rose for at least 10 straight sessions. That works out to somewhat shy of two a year, on average. And the current win streak, at 10, is barely above half the all-time record for the Nasdaq Composite Index, which came in at 19. That occurred in...

Note: The following text is a quote: Smart Online CEO and Two Others Found Guilty of Manipulation of Company Stock LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced that DENNIS MICHAEL NOURI, the former Chief Executive Officer ("CEO") and President of Smart Online, REZA ERIC NOURI, a former Smart Online employee and brother of the CEO, and stock broker ANTHONY MARTIN were found guilty today, after a three-week jury trial before United States District Judge DENNY CHIN. According to the Superseding Indictment and the evidence at trial: From May 2005 through July...

NEW YORK (AP) -- Investors fled Wall Street as fear grew about the stability of the nation's largest banks and worries mounted about General Motors Corp. The major market indicators resumed their slide Thursday after a one-day rally, falling to levels not seen in more than a decade as investors contended with more disheartening economic data, new concerns about the stability of GM and ongoing uncertainty about the financial system.

NEW YORK (AP) -- The major stock market indexes have staggered to their lowest levels in more than a decade, pulled down by investors' rapidly waning confidence. The Dow Jones industrial average and the Standard & Poor's 500 index are at the lowest point since 1997, succumbing to growing worries about a recession that has no end in sight. Most financial stocks were pounded even as government agencies led by the Treasury Department have said they will launch a revamped bank rescue program. It includes the option of increasing government ownership in financial institutions without having to pour more taxpayer...

Government help = kiss of death. The NASDAQ Relief Index, which tracks companies that have taken government is now down 50% since its inception... which was earlier this year. But remember, we're going to profit from in the long run. Oh wait, maybe they don't bother saying that anymore. Alea captured the chart, which as they say, is a swan dive. See Also: NASDAQ Creates Index To Track…

The wires services and the rest of the Old Media have also been reporting on a scandal that doesn't have to do with Illinois Governor, Rod Blagojevich. But, like the Blago story line, the media seem to be forgetting one small aspect of the story of Wall Street rip off artist Bernard Madoff. Like Blago, Madoff's connections to the Democrat Party seem to be of little interest to the media. Very few media stories of the fraud perpetrated by former Nasdaq chairman Madoff mentions the heavy financial support that Madoff has donated to the Democrat Party. Campaign contributions by Madoff...

Bernard L. Madoff, the founder of Bernard L. Madoff Investment Securities and a fixture of the Wall Street trading world for decades, was arrested Thursday morning by Federal Bureau of Investigation agents and charged with criminal securities fraud by federal prosecutors in Manhattan. Press Release of Bernard Madoff's ArrestThe criminal complaint filed against Mr. Madoff alleges that he told senior employees Wednesday that his business was "a giant Ponzi scheme," according to a person familiar with the matter. The alleged scheme involved tens of billions of dollars, but the extent of investor losses wasn't immediately clear. The disclosure came after...

NEW YORK (Reuters) – Bernard Madoff, a long-time fixture and powerful adviser on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S. authorities said. The former chairman of the Nasdaq Stock Market who remains a member of Nasdaq OMX Group Inc's nominating committee, is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he founded in 1960. But the alleged fraud involved a hedge fund he ran from a separate floor of the building where his brokerage is based. Madoff told senior employees of his...

Losses across the tech sector on Wednesday dragged the Nasdaq Composite Index down below the 1,400-point mark for the first time since May 22, 2003. Shortly before the end of trading, the tech-heavy market gauge gave up more than 87 points, or almost 6%, to fall to 1,395.

MarketWatch Bulletin

The DJIA closes up 302.74 (3.35%) S&P 500 up 39.6 4.04%) NASDAQ up 53.79 (3.12%)

OMAHA, Neb. (AP) -- Database provider InfoUSA Inc. said Friday it received a Nasdaq delisting notice earlier this week because it still hasn't filed its annual report. InfoUSA said in a statement it expected the notice that trading of its shares could be suspended, but the Omaha company plans to appeal, which would delay any action by the Nasdaq Stock Market. InfoUSA said last month its annual report would be delayed because of an ongoing Securities and Exchange Commission investigation and a shareholder lawsuit that questions the company's spending. The annual report was due March 17. Investment manager Cardinal...

U.S. stocks rose on Wednesday and the Nasdaq broke an eight-day losing streak, as talk of recession pushed investors into health care and other defensive sectors seen as resistant to a slowdown.

China Last 12 months Nasdaq 3/1/99-4/10/2000

Objections to Borse Dubai's proposed acquisition of 20 percent of NASDAQ last week prompted Massachusetts Rep. Barney Frank to quip, "In the ports deal, the concern was smuggling something or someone dangerous... What are we talking about here ˜ smuggling someone onto a stock exchange?" It is not "who" Dubai will smuggle into the stock exchange we should worry about. It's the arrival of the world's first Islamic stock exchange exerting unprecedented Islamic influence in the heart of the U.S. and Western economies that should raise our alarm. Dubai's handsomely paid Washington lobbyists see nothing wrong with that. Rather, they...

BEIJING - The U.S. stock market Nasdaq said Thursday it has received Chinese government permission to open a representative office in Beijing as more companies from China issue shares abroad. China agreed in December to let Nasdaq Stock Market Inc. and the New York Stock Exchange open offices in Beijing. Nasdaq says 49 Chinese companies are traded on its market and China could soon become its biggest source of non-U.S. listings. Chinese companies have issued shares on U.S. and European markets to raise money and increase their visibility abroad. "Having a representative office in China will enhance our ability to...

NASDAQ and Borse Dubai moved closer on Wednesday to taking over OMX after key shareholders committed themselves to a raised offer for the Nordic exchanges and technology company. Nasdaq and Borse Dubai said they had received undertakings from enough shareholders to give them effective control of nearly half the group. The suitors have raised their offer price to SKr265 per share in cash, valuing OMX at SKr32bn (€3.46bn). Significantly, Nasdaq and Borse Dubai received commitments from the largest and most prominent Swedish investors in OMX, including Investor, which is controlled by the Wallenberg family, and Nordea Bank, to tender at...

Long-term vision to become 'an Arab city of global significance' powered Nasdaq deal, writes Frank Kane Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, explained the essence of his ambitions for the Gulf city-state at a grand presentation earlier this year. He told an audience of the emirate's political and business elite that he wanted Dubai to become "an Arab city of global significance". The events of last week, when in a complex set of deals, Dubai forced its way on to centre stage in the rush to consolidate the world's stock exchanges, should be viewed in the...

4:14 p.m. Eastern By Jerome R. Corsi © 2007 WorldNetDaily.com In a complex set of transactions, Dubai is moving to acquire 19.9 percent of the Nasdaq in New York, placing the Arab government in an ownership position of the key U.S. stock exchange and raising concerns in Congress. As a result of the transaction, Dubai also will acquire 28 percent of the London Stock Exchange, one of the oldest and largest in the world. The transaction is being made through Borse Dubai, a holding company 100-percent owned by the government of the Emirate of Dubai and controlled by Mohammed bin...

In a complex multi-party transaction Nasadq and Borse Dubai announced, in a joint statement, that Borse Dubai will acquire a 19.9% stake in Nasdaq. In addition, Borse Dubai will acquire a 28% stake in the London Stock Exchange...

Swedish stock market owner OMX has agreed one of the country’s largest international mergers in recent years after accepting an offer to join forces with US technology bourse Nasdaq. The deal will see Nasdaq pay US$3.7 billion to acquire OMX, which controls around 80 percent of stock market trading in the Nordic countries and Baltic states. Stockholm-based OMX is one of the world’s largest developers and suppliers of electronic trading technology as well as the operator of exchanges in seven north European capitals. “This combination provides our organizations with the ability to grow and accelerate the global flow of equity...

It's the third year of President Bush's second term, and the markets are booming. Is there a connection? Not when you look at the numbers. According to data provided in part by Jason Trennert of Strategas Research Partners, the markets tend to post strong gains during the third year of any president's term, and it's not because of anything the president himself is doing. Take the case of the current president, George W. Bush. His approval ratings continue to tumble, but the markets continue to rise. Nor does he get any credit for the market's gains. But even if the...

09:15 am : S&P futures vs fair value: -14.9. Nasdaq futures vs fair value: -30.8. 09:00 am : S&P futures vs fair value: -13.2. Nasdaq futures vs fair value: -28.8. The stage remains set for what is shaping up to be another disastrous day for equities. With a meager 7-point rebound in the S&P 500 following a huge 50-point decline a day earlier already offering limited conviction on the part of buyers, more evidence that speculators, running on borrowed time with borrowed money, are racing for the exits to pay back their yen loans is underpinning an added sense of...

Excerpt - NEW YORK (Reuters) - U.S. stocks fell on Friday after Microsoft Corp. tempered revenue expectations for the Vista computer operating system. ~ snip ~ Microsoft Chief Executive Steve Balmer said late on Thursday analysts' revenue forecasts for Vista were "overly aggressive." Shares of Microsoft were the top-weighted decliner on the Dow, S&P 500 and the Nasdaq 100. "Microsoft can't catch a break. We're at 20 million shares in volume already - that's not your grandmother trading," said Cummins Catherwood, managing director at Rutherford, Brown & Catherwood in Philadelphia. "Those hedge funds can't deal with disappointment. They can't afford...

SAN FRANCISCO (Reuters) - Dell (Nasdaq:DELL - news) said on Friday it received a letter from Nasdaq saying the computer maker was not in compliance with listing requirements because it was late in filing its fiscal third-quarter report. The world's No. 2 PC maker previously said it would delay filing the report due to an investigation by the U.S. Securities and Exchange Commission into the company's accounting and financial reporting for possible misstatements. In addition to the SEC, the U.S. Attorney for the Southern District of New York and the company's audit committee have raised questions about Dell's financial reporting....

NEW YORK (CNNMoney.com) -- Falling oil prices and rallying tech shares recharged the rally Thursday, pushing the Dow to another record high, the S&P 500 to an almost 6-year high and the Nasdaq to its highest point in 5-1/2 years. The tech-fueled Nasdaq composite (up 20.51 to 2,377.10, Charts) nearly 1 percent, according to early tallies, taking out its 2006 closing high and ending at its hghest point since February 2001. The Dow Jones industrial average (up 28.50 to 12,163.18, Charts) added 0.2 percent, closing at a new record high, after touching a new trading high of 12,165.26 in the...

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.

Before the usual suspects show up. The Dow Average is different measurment then the Highest Price which was 11,908 back in 01-14-2000. Dow 11,850.53 123.19 Nasdaq 2,290.95 47.30 S&P 500 1,350.21 16.10 10 YR 4.57% -0.05 Oil $59.41 $0.73

Previous high 11,722.98 in January 2000 At 9:39AM ET: 11,724.46 35.22 (0.30%)

Within minutes after the stock market opened Thursday, the combined value of all U.S. equities eclipsed the previous all-time high set in March 2000, just before the Internet bubble burst and the 2000-02 bear market began.

NEW YORK (CNNMoney.com) -- Stocks surged Tuesday afternoon amid falling oil prices and a slew of corporate news, including an upbeat earnings report from Goldman Sachs and boardroom shakeups at Hewlett-Packard and Bristol-Myers Squibb. The Nasdaq composite (up 26.84 to 2,200.09, Charts) rose 1.2 percent with roughly 2 hours left in the session. The Dow Jones industrial average (up 85.24 to 11,482.08, Charts) and the broader Standard & Poor's 500 (up 9.35 to 1,308.89, Charts) index both increased by about 0.7 percent. After a moderate start to the session, the major gauges picked up the pace by late morning and...

Google Inc. has asked the Securities and Exchange Commission to exempt it from regulations that can apply to companies with a great deal of cash and marketable securities. Mountain View-based Google (NASDAQ:GOOG) reported $1.47 billion in net income for 2005, and said in an SEC filing in July that it is "not in the business of investing, reinvesting, or trading in securities." The Wall Street Journal reported Friday that the company wants to diversify its investment strategy while not being regulated as a mutual fund. Google reported assets of $14.4 billion in its latest financials, of which $4 billion was...

WASHINGTON (Reuters) -- Federal Reserve Chairman Ben Bernanke warned Wednesday stubbornly high inflation could harm the U.S. economy and that the U.S. central bank must guard against rising prices taking hold. Bernanke said while the Fed was forecasting cooler economic growth and some moderation in inflation next year, the central bank remained worried about pricey oil and tight labor markets and the risk they might foster expectations for rising prices. "Persistently higher inflation would erode the performance of the real economy and would be costly to reverse," Bernanke said in testimony prepared for delivery to the Senate Banking Committee. "The...

Stocks tumbled for the third straight day Friday on soaring oil prices, fighting in the Middle East and sluggish retail sales, just about wiping out the Dow's gains for the year. The Dow Jones Industrial average (down 106.94 to 10,739.35, Charts) sank 1 percent, leaving it up just 0.2 percent for the year. The world's most widely watched stock market gauge has tumbled 395 points since Tuesday's close. The broader Standard & Poor's 500 (down 6.09 to 1,236.20, Charts) index slipped 0.5 percent, and the Nasdaq composite (down 16.76 to 2,037.35, Charts)slid about 0.8 percent Friday, dragging them further into...

NEW YORK - Wall Street extended its losses Thursday, a day after an inflation scare sent the Dow Jones industrial average on its biggest one-day drop in three years and put the Nasdaq composite index in the red for 2006. Stocks drifted in a narrow range through most of the session but took a sharp turn lower in the last hour of trading, when a market already nervous about interest rates was unsettled by comments from Federal Reserve Bank of St. Louis President William Poole, who reiterated that the central bank's future rate hikes will depend on economic conditions. Concerns...

Judging by Wednesday's market action, investors needed a good night's sleep to digest the Fed's 15th straight rate hike and policy statement. Investors woke up on the right side of the bed, bought tech stocks, and pushed the Nasdaq to a multi-year high in heavier volume. Investors shrugged off another increase in crude oil and rising bond yields. The Nasdaq outperformed thanks to strong performances from semiconductor and Internet stocks. At the close, the Dow gained 61 points, or 0.55%, to 11,216; the S&P 500 rallied nearly 10 points, or 0.75%, to 1303 and the Nasdaq gained 33 points, 1.45%,...

The chief financial officer of Google Inc... Tuesday said overall growth is slowing ... The company will now have to "find other ways" to boost revenue... The stock was down 11 percent, or more than $42...

US on course for record run of profits By Gary Duncan, Economics Editor CORPORATE America is enjoying a record postwar winning streak. Booming profits have put blue-chip companies on track for their longest run of double-digit quarterly profit rises since at least 1936. Research by David Rosenberg, chief North American economist at Merrill Lynch, shows that US groups in the blue chip S&P 500 index have so far recorded a 16 per cent year-on-year rise in operating earnings per share in the third quarter, with just a few companies left to report results. Merrill’s analysis finds that this bullish performance...

NEW YORK (MarketWatch) - U.S. stocks rose in early trading Friday, with the S&P 500 Index climbing to its best level since June 2001 in a market boosted by gains in blue chips General Electric and Hewlett-Packard, and a multi-billion acquisition in Cisco Systems.

The 'haves' know what NASDAQ is; the 'have-nots' are eating yak BY DAVE BARRY (This classic DAVE BARRY column was originally published on May 21, 2000.) What lies ahead for the U.S. economy? Will it remain strong? Or will it collapse? Will all the Internet billionaires go broke and be forced to use their Palm Pilots to kill rats for food? Wouldn't that be great? To answer these questions, we need to understand how the U.S. economy works. We'll start by following an imaginary dollar bill on its fascinating journey as it circulates through our economic system: Our dollar is...

The spike to almost 65$ oil today is a signal to get out of US equities. The last week's drop and the continued upward curve from the dow say we are headed for a big drop in most stocks. If you aren't in energy, you had better be in emerging markets. I made the move today.Mike

In late afternoon trading, the Dow rose 138.71, or 1.4 percent, to 10,441.00. Broader stock indicators also moved sharply higher. The Standard & Poor's 500 index was up 12.60, or 1 percent, at 1,210.47, and the Nasdaq composite index climbed 32.37, or 1.6 percent, to 2,108.03.

NEW YORK - Investors taking profits after the week’s big advance left stock indexes narrowly mixed at Friday’s close, but the lack of a wholesale sell-off left many on Wall Street pleased with the market’s resiliency. The market’s three major stocks indexes saw their best week of 2005. With few earnings reports and no new economic data to encourage buying, there was little impetus for investors to continue the week’s rally. The major indexes have all risen more than 3 percent since last Friday’s close, buoyed by positive economic data and falling oil prices. Investors mostly were waiting for next...

NEW YORK -- The Nasdaq Stock Market Inc. is purchasing Instinet Group Inc.'s electronic trading network for $934.5 million, a move designed to improve Nasdaq's position as competition grows among the world's stock markets. The long-rumored announcement Friday came two days after the New York Stock Exchange said it would merge with Archipelago Holdings Inc., operator of the ArcaEx electronic trading market, a surprise move that boosts the NYSE's electronic trading offerings and increases its competitiveness against Nasdaq and other markets. Instinet's trading technology - considered the fastest and best in electronic stock trading - was a major factor in...

Stocks rebounded briskly Thursday as investors welcomed unexpectedly strong earnings results from companies including Nokia Corp. (NOK) and Motorola Inc. (MOT), and the surprising news that the New York Stock Exchange plans to merge with electronic trader Archipelago Inc. Bargain-minded buyers jumped back into the market a day after concerns about rising inflation eclipsed strong earnings, sending stocks sharply lower. With stocks hardly faltering and money flowing out of bonds, analysts grew more confident about the equity market's prospects following last week's steep slide. "Obviously the market is oversold when you get multiple days of 100-point sell-offs. I think we're...

World's most widely watched market gauge posts biggest gain in four months; falling oil helpsNEW YORK (CNN/Money) - A broad stock rally Wednesday revived a battered market, giving the Dow its best one-day point and percentage gain in four months.The Dow Jones industrial average (up 135.23 to 10,540.93, Charts) jumped about 135 points, or 1.3 percent, according to early tallies. The gain marked its best single-session advance since Dec. 1.The broader Standard & Poor's 500 (up 16.05 to 1,181.41, Charts) index rose 1.4 percent, while the Nasdaq composite (Research) added 1.6 percent.A big drop in oil prices and a bounce...

A surprisingly strong job creation report propelled stocks higher Friday as investors grew more confident about the economy and corporate earnings. The Dow Jones industrials gained more than 120 points, and the Dow and the Standard & Poor's 500 both set new 52-week highs. Wall Street was elated following the Labor Department's report that 262,000 jobs were created in February, far more than the 225,000 economists expected and the most in four months. Jobs were created throughout the economy, from retail to manufacturing. Investors worried about inflation and higher interest rates found comfort in the report. The nation's unemployment rate...

NEW YORK (MarketWatch) -- Blue chips ended at a new high for the year Tuesday, and the Nasdaq posted modest gains as investors cheered better-than-expected data and sustained merger activity, with Circuit City the latest company to become the target of a takeover bid. The Dow Jones Industrial Average (^DJI - News) ended up 46.19 points, at 10,837.32. The Nasdaq Composite Index (NasdaqSC:^IXIC - News) was up 6.30 points, at 2,089.21, but off an intraday high of 2,103.45. Gains for semiconductor (Philadelphia:^SOXX - News) and Internet (CBOE:^GIN - News) stocks helped put a floor on declines. Computer hardware stocks...

NEW YORK (Reuters) - Apple Computer Inc., whose shares have almost quadrupled in value over the last year on the success of its iPod music player, on Friday said it set a 2-for-1 stock split, and its shares rose almost 4 percent. Shares of Apple have been on a tear as iPod sales have soared with the introduction of less-expensive versions of the music player. The stock has been the best performer in the Nasdaq 100 index and the wider S&P 500 index over the past 12 months. Apple is also one of the most expensive stocks among the...