U.S. stocks rise as Dow hits another record

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southerngale
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U.S. stocks rise as Dow hits another record

#1 Postby southerngale » Fri Oct 13, 2006 6:02 pm

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.
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#2 Postby Regit » Fri Oct 13, 2006 6:14 pm

12,000 soon. Now if someone can just fix the NASDAQ.
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rainstorm

#3 Postby rainstorm » Fri Oct 13, 2006 9:00 pm

great news
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#4 Postby JQ Public » Fri Oct 13, 2006 9:25 pm

now only for a raise in my paycheck!! wooha!
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#5 Postby Nimbus » Sat Oct 14, 2006 6:40 pm

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!
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#6 Postby BEER980 » Sun Oct 15, 2006 5:12 pm

I read recently that adjusted for inflation it is not really a record high.
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#7 Postby alicia-w » Sun Oct 15, 2006 5:39 pm

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...
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#8 Postby Nimbus » Sun Oct 15, 2006 7:07 pm

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.
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#9 Postby gtalum » Sun Oct 15, 2006 7:21 pm

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.
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#10 Postby Nimbus » Sun Oct 15, 2006 7:26 pm

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
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#11 Postby Nimbus » Mon Oct 16, 2006 9:08 am

Intel just hit 22.00!
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#12 Postby gtalum » Mon Oct 16, 2006 9:16 am

Nimbus wrote: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


I'm not sure there are any implications. Inflation would cause such growth.
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#13 Postby BEER980 » Mon Oct 16, 2006 9:34 am

M3 data is no longer being reported and that may help conceal inflation.
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