An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right
Dow Headed For 38 Year Record ?
Posted by PATRICK EDABURN, Assistant Editor in Business, Economy, Society.
Aug 3rd, 2011 | 7 responses
Aug 3rd, 2011 | 7 responses
Depending on what happens in the next couple days we could be seeing a very undesirable record set.
Yesterday the stock market DJIA was down for the eighth day in a row which matched a record from 2008.
If it is down again today (at this point it is down about 90 points) then it will match a record from 1978.
If it is down again on Thursday then we will be at a ten day slump, that last happened in November 1974 when the market was down 11 days in a row.
7 Responses to “Dow Headed For 38 Year Record ?”
Thank god we cut $2T though instead of getting people back to work. Werkin’s fer dummies, and obviously has no effect on the economy.
The stock market is really a social indicator. Gold is at an all time high because people and investors are scared.
Market slightly up with 30 minutes to go.
Seems that maybe the markets don’t want to see the record set.
The confidence fairy has spoken, the DOW is up.
Or some big groups poured money in the last hour or so to prevent all the bad press of tying a 38 yr record
Now, you’re being a conspiracy theorist, it was the confidence fairy. It saw a bunch of hungry kids in the not to far future and concluded that more human misery was on it’s way, and that now was a good time to come back and take advantage of it.
Is our federal debt now at a record, above 100 per cent of GNP?
(Not that it would spark 10-30+ threads here, as with Palin gossip.)