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New Home Sales rose by 16% in January.
WASHINGTON (AP) — US new-home sales soar nearly 16 pct. in January to highest level in 4½ years
The Dow closed at a new 5 year high today.
If we get a semi-decent initial UE filing report Thursday and there is even the slightest of rumors indicating there might be some type of deal struck on the sequester (highly unlikely), we will set an all time record for the Dow tomorrow.
Italy will take center stage for investors again on Wednesday, after national elections earlier this week failed to produce a clear winner and threw the government's austerity program into doubt.
Stocks roared higher for a second straight day as concerns over Europe's debt crisis eased.
This post has been edited 2 times, most recently by cstory80 17 months ago
Big day in Asia...
Can we do it tomorrow?
Can Bernanke print money fast enough?
Economy grew 0.1 in 4q. The worst in over 2 years.
"...an economy hampered by restrictive tax rates will never produce enough jobs or enough profits" JFK
Probably, paper is cheap
14,164.53 is the number we need to hit. We're getting close.
U.S. stocks were mixed Thursday, with the Dow stalling just below its all-time high.
(If we cheer the Dow we can ignore that Emergency Unemployment Compensation (EUC) benefits rose 10%.)
You're free to do anything you like.
No problems...eventually they will give up looking for work and the unemployment number will go down again...
After a slow start to the day, it does look like we are going to make a run at the record.
As I type this post, we are at 14,129.25.
Main street waits in anticipation of this grand event!
It's not going to happen today. :(
We actually ended up losing ground today.
HOW DID THIS HAPPEN????????
No money! Its the end of the month. Main st. doesn't get its unemployment check until the first of the month.
Maybe next week?
Wall Street had another positive week. With the way things went on Monday, I don't know that I would have thought we would get to the closing bell on Friday and see that we were up for the week.
Let's do it again next week!
U.S. stocks were firmer in afternoon trading Friday as a report showed that the nation's manufacturing activity picked up more than expected in February. Stocks are poised to end week with modest gains.
This post was edited by cstory80 16 months ago
Asia had a shitty trading day. The major US indices futures are all down.
In short, we're going to take a beating tomorrow, but all that does is set us up for a great comeback later. As a former USC HC used to say, I always feel like something great is about to happen.
Well, I'll be damned!
I love it when I am wrong like I was wrong in that post ^^^^^ up there.
Let's see what we have in us tomorrow.
I'm ready to make another run at the record.
Investors largely shrug off forced budget cuts that begin to take effect Monday. Concerns about a property bubble in China and the political stalemate in Italy weigh on the market.
I am surprised that we have not seen your celebration yet.
I was looking forward to it.
Maybe he realized how meaningless a liquidity-driven levitation is?
Now, let,s go get 15,000!!!
I woke up 5 minutes ago.
Funny. When you were backing your ridiculously bat-shit crazy friend, LagunaBear's, arguments on the old board about the markets, you didn't once refer to the markets in the same way. Too funny.
Since there wasn't the kind of liquidity dumps we have today I'm not surprised and neither should you be.
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