From the Sun-Sentinel-
NEW YORK -- The Dow Jones industrial average surged past its all-time trading high of 11,750.28 Tuesday, taking yet another step in its recovery from seven years of market turmoil.Anyone have a clue to why I titled this post what I did? Read till the end to find out.
The index of 30 blue chip stocks moved into uncharted territory after briefly passing its record high close of 11.722.98 on Thursday and Monday. Both records were set on Jan. 14, 2000, before the stock market began a precipitous decline caused by the dot-com bust and recession and worsened by the aftermath of terrorism and corporate scandals.
While investors welcomed the Dow's latest achievement, it comes at a time the stock market is more conservative, even more muted, than the Wall Street of early 2000. Then, investors were still piling exuberantly into high-tech stocks. In 2006, the market's gains come only after investors' careful parsing of economic data and corporate earnings reports.
Tuesday's advance came on the second straight day that oil prices fell sharply, helping to calm fears about inflation and possible interest rate increases.
Good news for the economy and the American public. Its nice to see I'll have one or two predictions right for 2006.
Will this help the GOP in November? I'm skeptical. The latest Mark Foley news here and here isn't good. The House leadership put their heads in the ground rather than face a serious problem. I'll say this, no one likes a sexual predator especially one who likes children. The same goes for those who protect or defend them. The Florida 16th and quite a few more house seats are likely to go democratic and alot of the blame has to fall at the feet of Denny Hastert.
Answer- Ms. Coolidge sang "All Time High" for the film Octopussy. The Dow Jones hit an all-time high. Get it now?
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