Thursday, October 19, 2006
The Dow is at 12,000+ with only minutes to go................hang on.
Update #1..... final close ......12011.73
Update #2 By JOE BEL BRUNO, AP Business Writer : NEW YORK - The Dow Jones industrial average scored its first close above 12,000 Thursday as Wall Street, contending with fresh data that pointed to a weakening economy, managed to hold on to a slim advance.
Great line Joe! This nation breaks the 12,ooo barrier and you come up with "fresh data pointing to a weakening economy"......WITH NO LINKS!
We're sure which party good ol' Joe is cheering for......
Correction: Joe might have been eluding to these two paragraghs in the same story:
Trading was erratic Thursday, with the overall market struggling to sustain an advance gains after a pair of reports signaled the Federal Reserve' name=c1> SEARCHNews News Photos Images Web' name=c3> Federal Reserve might have a tougher time orchestrating a soft landing of the economy. Disappointing earnings in the technology sector also weighed on stocks.
The Conference Board' name=c1> SEARCHNews News Photos Images Web' name=c3> Conference Board's index of U.S. leading economic indicators rose less than forecast in September. Meanwhile, the Philadelphia Fed's general economic index contracted for the first time since April 2003.
But I can't find out what this has to do with a weakening economy???? Say it ain't so Joe.......