"Keith Nuttle" wrote in message
...
wrote:
On Wed, 14 Oct 2009 17:45:08 -0400, H the K
wrote:

Dow closes above 10,000 for 1st time in a year
By SARA LEPRO and TIM PARADIS, AP Business Writers

NEW YORK – When the Dow Jones industrial average first passed 10,000,
traders tossed commemorative caps and uncorked champagne. This time
around, the feeling was more like relief.

The best-known barometer of the stock market entered five-figure
territory again Wednesday, the most visible sign yet that investors
believe the economy is clawing its way back from the worst downturn
since the Depression.

The milestone caps a stunning 53 percent comeback for the Dow since
early March, when stocks were at their lowest levels in more than a
decade.

"It's almost like an announcement that the bear market is over," said
Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That
is an eye-opener — 'Hey, you know what, things must be getting better
because the Dow is over 10,000.'"

Cheers went up briefly when the Dow eclipsed the milestone in the early
afternoon, during a daylong rally driven by encouraging earnings reports
from Intel Corp. and JPMorgan Chase & Co. The average closed at
10,015.86, up 144.80 points.

It was the first time the Dow had touched 10,000 since October 2008,
that time on the way down.

It might be a good time to pick a "get out alive" price and place your
sell orders.

If you do that you will really lose money. We stuck it out and have
recovered a good chunk of money lost we lost in the pelosi plunge and
obama slide.

Once you are out, you will probably not get back in until you have lost a
ton of money as the market moves beyond the point you got out. We
considered getting out when the market was in the pelosi plunge and obama
slide. If we had wimped out then we would have hesitated to get back in
until the until we had lost big time.

The plunge and slide is blamed on President Bush, but he did not refuse to
support the Constitutional mandate of providing a stable money supply as
pelosi did when she killed the first bailout bill on September 28, 2008.
In the next 12 days the market lost 30% of its value (from about 11500 to
8500)

Check the facts yourself at
http://www.google.com/finance?cid=983582
and don't listen to the liberal press.

If you check the history of the markets obama is the third president in
over 100 years that the market responded negatively when they were
elected. The market lost another 30% of its value from Election day
November 4 2008 until March 10, 2009 when Congress gave obama his first
defeat. (From 9000 to about 6500)

Those three presidents were Woodrow Wilson who had to change his mind on
the war with Europe, Jim Carter who still does not understand what is
going on, and obama who still thinks he is a community rabble rouser.

Check the facts yourself at
http://www.google.com/finance?cid=983582
and don't listen to the liberal press.

It is the next bubble. The banks are the one leading the charge, and that
is because the Fed's are pumping huge amounts of money in to them. Put some
stops losses and you may not lose all the money you lost on the last ride
down. This is a trading market, not an investment market. The unemployment
is still growing, people are not spending, the dollar is dropping in value,
is the driving large increase in commodities prices.