Dow Ends Up 117; Stocks Hit 18-Month High
Investors sent stocks surging Monday, propelling the Dow Jones industrials up more than 115 points and into the shadow of 10,000 after a pair of reports showed better-than-expected growth in the nation's manufacturing sector and construction spending.
The Dow Jones industrial average closed up 116.59 points, or 1.19 percent, at 9,899.05, its highest close since May 31, 2002. The S&P; 500 ended up 11.92 points, or 1.13 percent, at 1,070.12, which marked its highest point at any time since June 3, 2002, and its highest close since May 28, 2002. The technology-focused Nasdaq Composite Index finished up 29.56 points, or 1.51 percent, at 1,989.82, its highest close since Jan. 15, 2002.
Of course, these numbers will drop down a bit, for re-adjustment. But so far, my timing is right on schedule. Late spring/early summer 10,000 party anyone?
And speaking of parties, hey France and Germany, how you doing with that 10% unemployment rate? Keeps going up, huh? National debt too? But you guys aren't even spending billions on fighting terrorism? That's too bad. Must be your welfare state. Sucks to be you, I guess.
Posted by AnalogKid at December 02, 2003 01:06 AM | TrackBackNational debt, I wonder who has the highest in the world?
https://www.whatreallyhappened.com/TINY_sect4_3_graph3.gif
Seen the Euro against the dollar rate lately?
Posted by: hjhj.jkjkj.com on December 2, 2003 07:21 AMBut-but-but...Bush = Hitler!!!
jarjar, please eat your face.
Posted by: Mad Mikey on December 2, 2003 08:57 AMStunning intellectual argument there Mikey.
Bush=Hitler, not my comment
Bush=chimp would be my line!
Posted by: dfdf.@xfdf.com on December 2, 2003 09:25 AMHey Jarjar, the key to figuring out how a debt will hurt a country is to compare it to the their GDP. A lower percentage is preferable. We kick just about everyones ass in that respect as well with one of the lowest. Espescially against those two weenies. I think our percentage is about half of theirs.
Bye bye Jar. Try again. Actually, on the other hand, don't. You're becoming an annoyance. We should start charging you for this information.
Posted by: analog kid on December 2, 2003 02:03 PMDear god, could someone please explain to me how jarjar can be so fucking sand-poundingly stupid and still have the brainpower required to draw breath?
Go take an economics class, you stupid shit. It's getting bothersome to have AK, Mark and Neal educate you little by little.
Posted by: Raging Dave on December 2, 2003 04:44 PMThe EU is just doing swimmingly, that's why it's economic policy just fell apart.
Unemployemnt is stagnent and they are now engaged in high deficit spending.
The pound was always higher than the dollar, but that hardly made the UK economy any great shakes for decades. You're blowing smoke......
Let's compare some other figures shall we?
https://data.bls.gov/cgi-bin/surveymost?in
Let's see now, we earn more, produce more and consume more. Our GDP is in explosive growth and consumer sales are booming.
Now why exactly are we supposed to think the EU has any freakin idea what it's doing when your economies haven't moved more than two points in unemployment in over a decade.
You guys suck.
Posted by: Mark (puggs) on December 3, 2003 12:03 AMGoodness it's not just me who has no grasp of economics, it's the worlds currency traders as well!
Posted by: dfdf.@xfdf.com on December 3, 2003 11:05 AM
"While the U.S. fed funds rate stands at a 45-year low of 1 percent and is not expected to rise imminently, higher interest rates in many other major economies have dulled the dollar's appeal to foreign investors."
The Euro is worth almost 1 and a 1/4 dollars, oooohhhhhh, we're shaking.
If you understood the article you post, you would see something almost immediately. The foriegn investers are speculating, shooting craps for a higher return on your higher interest rates, thus trading down the dollar. Those higher rates are stifling your economies, at the expense of growth, and if your Euro keeps rising that means your goods are more expensive. Which means they will stop selling, which means your unemployment rates are going to go up if this continues.
No, you are an idiot. We'll walk away smelling like a rose and your economies will stumble, again......
So do you like living on welfare?
Posted by: Mark (puggs) on December 3, 2003 12:38 PM"While the U.S. fed funds rate stands at a 45-year low of 1 percent and is not expected to rise imminently, higher interest rates in many other major economies have dulled the dollar's appeal to foreign investors."
The Euro is worth almost 1 and a 1/4 dollars, oooohhhhhh, we're shaking.
If you understood the article you post, you would see something almost immediately. The foriegn investers are speculating, shooting craps for a higher return on your higher interest rates, thus trading down the dollar. Those higher rates are stifling your economies, at the expense of growth, and if your Euro keeps rising that means your goods are more expensive. Which means they will stop selling, which means your unemployment rates are going to go up if this continues.
No, you are an idiot. We'll walk away smelling like a rose and your economies will stumble, again......
So do you like living on welfare?
Posted by: Mark (puggs) on December 3, 2003 12:41 PM