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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-07-08 04:39 PM
Original message
DOW
Dow 12,814.35 -206.48 -1.59%

Nasdaq 2,438.49 -44.82 -1.80%

S&P 500 1,392.57 -25.69 -1.81%

10 Yr Bond(%) 3.8670% -0.0260


As usual it went up, went up, went up... but cannot hold it


Today's reason... oil
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-07-08 04:44 PM
Response to Original message
1. OIl gained ~$2.00 to close ~$123.93 which is a new record - again!
Edited on Wed May-07-08 04:47 PM by Texas Explorer
Dollar also rose which, according to CNBC, means that oil is "decoupling" from the Dollar and the excuse that a falling Dollar causes oil price to increase is no longer valid.
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DemocratInSoCal Donating Member (402 posts) Send PM | Profile | Ignore Wed May-07-08 05:17 PM
Response to Reply #1
5. According To CNBC......LOL LOL LOL LOL LOL LOL!!!!!!!
A bunch of MORONS and paid off HYPESTERS.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-07-08 04:50 PM
Response to Original message
2. Overbought, Returned to the 13-Day Average
It's been a bear market for months, but this rally has been surprisingly strong. Probably due to a building consensus that the worst is over. Bad time to year to buy in to the market, but it's certainly not falling apart.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-07-08 04:52 PM
Response to Reply #2
3. My opinion but I don't think the worst is over
by any means
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rock Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-07-08 04:57 PM
Response to Original message
4. When * came into office
it was about 12,400 as I recall. Until he leaves, that's the way it's going to stay.
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edhopper Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-07-08 05:23 PM
Response to Reply #4
6. 2001
AT THE CLOSING BELL WHEN BUSH TOOK OFFICE on January 22, 2001
Dow - 10,578.24
Nasdaq - 2,757.91
S&P 500 - 1,342.90
Oil - $27.69/bbl
Gold - $266.70/oz.
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