U.S. stocks at year highs after Saddam capture

[leftward]

Reuters, 12.15.03, 12:11 PM ET

NEW YORK, Dec 15 (Reuters) - U.S. stocks set 2003 highs on Monday as investors welcomed the capture of former Iraqi President Saddam Hussein and anticipated a surge in consumer confidence before the holiday period.

The blue-chip Dow Jones industrial average <.DJI> and broader Standard & Poor's 500 Index <.SPX> both hit levels not seen since late May 2002, with the Dow holding well above the psychologically key 10,000 mark.

"Some individual investors who had been unwilling to return to the stock market may now seriously entertain the possibility of buying stocks now that the Dow is above 10,000 and Saddam has been captured," said Frederic Dickson, chief market strategist at fund firm D.A. Davidson & Co.

Saddam's capture could register in the shopping malls in the weeks before Christmas, some investors said.

http://www.forbes.com/markets/newswire/2003/12/15/rtr1181218.html

[jenk]

1. ?????

Saddam's capture could register in the shopping malls in the weeks before Christmas, some investors said.


what are they fucking drunk?!?!?! HOW??? Saddam is going to make you open your wallet, despite that fact that you're out of the job, or your pinching pennies because your spouse has been laid off and you're the only one working, or if you're worried about your factory closing or moving out of state.

how do they dream this up!?!?

[Lithos]

2. Don't get upset

Only when you look at the long term does the Stock Market make any sense. Realize that most of what happens in the short term is emotion based reactions. Saddam will be forgotten in a week as far as Wall Street is concerned.

L-

[mbperrin]

7. Actually forgotten by the close today - Dow down 19+

nt

[underpants]

3. W&Co. have been that successful tieing Saddam to 9/11

include the media in that too for not calling him EVER on that garbage.

[HereSince1628]

4. As of a couple minutes ago DJI drifting gently down from open

[leftchick]

5. leftward like posting this.....

borderline "news" stuff to counter the reality news we find here in LBN... :eyes:

[Prodemsouth]

6. Well so much for the Saddam rally closed by 19, all three markets

closed down.

[GOPBasher]

8. Didn't stocks go down today?

I though they went down, not up as was expected. If this some FOX News crap, or is this true?

[htuttle]

9. They went down

Dow 10,022.82 -19.34 (-0.19%)
Nasdaq 1,918.26 -30.74 (-1.58%)
S&P 500 1,068.04 -6.10 (-0.57%)
10-Yr Bond 4.275% +0.033

This article was written in the middle of the day, hours before the close.

[dusty64]

10. Funny wasn't the

market lower yesterday than Friday. I waiting for the whores to declare that the "capture" of saddam has cured cancer.

[KayLaw]

11. Foolishness

Corporate America must think we are all complete idiots. Why would Saddam's capture make me buy stocks or more Christmas presents? It's not like I've been waiting breathlessly for years for him to be captured and put on trial. He's been pretty well contained all this time and he's an old man who was going to die anyway. This isn't exactly manna from Heaven or the answers to everyone's prayers, you know.

[leesa]

12. Bushco can pop those numbers up whenever they want to, for a brief

time. That wealthy one percent will throw money at the stock market periodically for political help. They can't keep it up consistently, but they can do it in brief spurts so people are fooled. Watch the dollar and international trade.

[denverbill]

13. kick