A 2009 High
By Oak Leaf ~ June 1st, 2009 @ 1:59 pm
The S&P 500;
NEW YORK (Reuters) – U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors’(GM – News) long-expected bankruptcy filing ended uncertainty about the automaker’s fate.
Good News for IRA investors!
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Good News for 401k investors!
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Good News for America!
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June 1st, 2009 at 2:49 pm
Oak Leaf:
“Good News for America!”
Yes it is good news. When the market goes down (as it will do), it will be bad news.
What will you post then?
Ken
Dallas
June 1st, 2009 at 6:48 pm
The Dow has changed around 10% of the component since last year. So it really isn’t the same Dow as I grew up with.
June 1st, 2009 at 7:37 pm
Cautionary note: Volume also dropped on the NYSE relative to Friday. Sharp jumps in deteriorating volume is a hallmark of Bear market rallies.
June 1st, 2009 at 9:35 pm
Northwestern Mutual Life Insurance Co., Milwaukee, has bought gold for the first time in 152 years to hedge against further asset declines, Bloomberg reports. According to the news service, Northwestern Mutual has accumulated about $400 million in gold, and CEO Edward Zore says the price could double or even rise fivefold if the economy continues to weaken.
June 1st, 2009 at 9:37 pm
Who amongst us ever thought they’d see the day that GM declared bankruptcy and the DOW skied 200 points?
No disconnect here.
Strange things happen everyday in Zimbabwe.
June 1st, 2009 at 10:11 pm
Today the S&P went up 2.58% and Russia went up 7.34%, so I guess if the U.S. is doing well then Russia must be doing great!!!