Dow closes above 13,000 for first time since before recession
February 28, 2012 at 9:45 am in Duluth News Tribune
The average closed up 23 points Tuesday to finish at 13,005. It’s up more than 6 percent this year, mostly because of enthusiasm about the building U.S. economic recovery. Continue Reading
I really wonder what this means. Treasury bonds give no interest and are quite risky; banks might provide .5% interest and thousands of insurance companies, mutual and pension funds and other investment companies accumulate billions and they need to find some place to invest.
So they go into the stock market. And at the first sign of bad news, they start to sell. Thus, the erratic track record recently of the market. Large increases and large decreases in the averages.
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I am sure there will be a correction of the marlet at some point- it can’t remain this high-
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The news shouldn’t be about the Dow Jones being so high; it should be about the ridiculously outrageous difference in inflated values vs. actual values (post-monetary devaluation) of stocks that make up the Dow.
Wow, when this baby pops there’s going to be a world of hurt out there. Yet, still I believe there are quite a few out there that continue to believe the U.S. can keep borrowing trillions and trillions with no plans on how or when to repay it.
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