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U.S. stocks rise as Dow hits another record
Posted: Fri Oct 13, 2006 6:02 pm
by southerngale
U.S. stocks rose on Friday, driving the Dow to another all-time high - 11,960.51
The S&P 500 closed at 1,365.62, a fresh 5 1/2-year high.
Posted: Fri Oct 13, 2006 6:14 pm
by Regit
12,000 soon. Now if someone can just fix the NASDAQ.
Posted: Fri Oct 13, 2006 9:00 pm
by rainstorm
great news
Posted: Fri Oct 13, 2006 9:25 pm
by JQ Public
now only for a raise in my paycheck!! wooha!
Posted: Sat Oct 14, 2006 6:40 pm
by Nimbus
11960.51 what does that number remind me of?? Oh wait 5/1/1960 that was the year Gary powers ejected from the dragon lady over Russia!
Posted: Sun Oct 15, 2006 5:12 pm
by BEER980
I read recently that adjusted for inflation it is not really a record high.
Posted: Sun Oct 15, 2006 5:39 pm
by alicia-w
Nimbus wrote:11960.51 what does that number remind me of?? Oh wait 5/1/1960 that was the year Gary powers ejected from the dragon lady over Russia!
that's a debatable point since it's inconceivable that someone could survive a high altitude ejection...
Posted: Sun Oct 15, 2006 7:07 pm
by Nimbus
alicia-w wrote:Nimbus wrote:11960.51 what does that number remind me of?? Oh wait 5/1/1960 that was the year Gary powers ejected from the dragon lady over Russia!
that's a debatable point since it's inconceivable that someone could survive a high altitude ejection...
The pressure suit was designed to work with the ejection seat so that a high altitude ejection would be possible. The U2 pilot shot down over Cuba on October 27, 1962 was not so lucky, shrapnel tore his pressurized suit and probably killed him instantly.
There are numerous contrary theories so certainly the subject is debatable.
Posted: Sun Oct 15, 2006 7:21 pm
by gtalum
BEER980 wrote:I read recently that adjusted for inflation it is not really a record high.
That's right. Just to equal the previous record in 2000 it would have to be ~20% higher than it is today.
Posted: Sun Oct 15, 2006 7:26 pm
by Nimbus
Long term the dow has sort of been following a semi log curve. Not sure what the implications of that are.
http://www.the-privateer.com/chart/dow-long.html
Posted: Mon Oct 16, 2006 9:08 am
by Nimbus
Intel just hit 22.00!
Posted: Mon Oct 16, 2006 9:16 am
by gtalum
I'm not sure there are any implications. Inflation would cause such growth.
Posted: Mon Oct 16, 2006 9:34 am
by BEER980
M3 data is no longer being reported and that may help conceal inflation.