Dow, S&P 500 push further into record territory

[Omaha Steve]

Source: AP-Excite

By ALEX VEIGA

The stock market closed out its fifth straight week of gains with another record high on Friday.

The Dow Jones industrial average and Standard & Poor's 500 index carved out all-time highs, extending the market's gains for the week. It was the third record close for the Dow in the week and the fourth for the S&P 500.

The latest records extended a comeback in the S&P 500, which has increased 11 percent since plunging in mid-October. A strong third-quarter earnings season, on top of a recent string of positive U.S. economic data on housing, jobs and manufacturing, have helped put investors in a buying mood.

Investors on Friday cheered news of an interest rate cut in China and the possibility that Europe's central bank will step up stimulus efforts in the region.

FULL story at link.



The Wall Street subway stop on Broadway, in New York's Financial District, Thursday, Oct. 2, 2014. U.S. financial markets surged in early trading Friday, Nov. 21, 2014 as investors cheered a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of the region's central bank. The rally extended gains from a day before, pushing the major market indexes further into record territory. (AP Photo/Richard Drew)




Read more: http://apnews.excite.com/article/20141121/financial_markets-ad4ead9a0c.html

[George II]

1. Damn....Obama is RUINING the economy!!!!!!!!!!!

[Initech]

2. Meanwhile in the rest of the real working world...

We're being forced to work on Thanksgiving so stores can make that precious Black Friday money.

[Ink Man]

3. Ya.

Or I could say that 5 million hard working men and woman with new green card just show up at my office willing to work for less than my American workers.


$$$$$$$$$$

[JoePhilly]

6. Some one sounds confused.

Those 5 million were already there.

They didn't get new green cards.

[blkmusclmachine]

4. The 1% is flush with cash. So much they don't know where to hide it next.

And the 99% can go die in the streets...

[bucolic_frolic]

5. Cash is worthless due to all the QE by all Central Banks

Cash barely earns anything. It's depreciating monthly.

So other assets are being bid up.

Commodities are out of favor, or at least fluctuating wildly, so
paper assets that produce income or have growth prospects are
the weapon of choice. This is the great reflation. No one knows
where it ends.

To increase the trend, all central banks are printing. Currencies
devalue together, so inflation can't be imported.

Where, how does it end? Who knows.

[PassingFair]

7. What goes up, must come down. nt