Dow Jones average reaches another record high

[Omaha Steve]

Source: AP-Excite

By STEVE ROTHWELL

NEW YORK (AP) - The Dow Jones industrial average rose to another all-time high on Wall Street Monday.

The market edged higher from Friday, when it got a lift from an unexpectedly strong U.S. jobs report for October. The surge in hiring made investors more optimistic that the U.S. economy is getting stronger.

Stock trading volume was among the lowest of the year, and bond markets were closed for Veterans Day. Traders on the floor of the New York Stock Exchange held a moment of silence in observance of the holiday.

The Dow has advanced for five straight weeks and is up 20 percent so far this year. The last time the Dow had a bigger gain for a whole year was 2003, when it rose 25 percent.

FULL story at link.



Read more: http://apnews.excite.com/article/20131111/DAA0KVJG1.html

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Staff Sgt. Bryan McKinney, of the U.S. Military Academy Band at West Point , plays Taps on a balcony of the New York Stock Exchange, in honor of Veteran's Day, Monday, Nov. 11, 2013. (AP Photo/Ben Hider, NYSE)

[JaneyVee]

1. Obama's Socialist plot to ruin America sends stocks soaring.

[Puzzledtraveller]

10. Do you own stocks?

[kelliekat44]

2. And the rich get richer. Will this money replenish the retirement funds that were wiped out during

Bush years and the early part of the Obama administration?

[elleng]

3. Yes thanks,

its helping mine, and probably those of many.

[JoePhilly]

4. Mine also.

[bossy22]

7. if people invested smartly they should have

not only recovered there losses but have gained a significant amount as well

My parent's retirement account lost almost 50% of its value during the 2008 crash, it has since recovered and is sitting at all time highs

[leftynyc]

9. It's done more than that for mine

I'm 30% over what I was before the 2008 debacle and I'm far, far from being rich.

[DustyJoe]

5. strategies

As long as they keep pumping 85 billion E-dollars a month into the market it will boom. As already seen the one time just a hint of this propup fed money declining takes the market in the toidy indicates just how fragile these increases are. Thankfully I have a 401k that I can make instantaneous switches of funds between money market and stocks. I did this the last dip and came out great. Now the ever watchful wariness of this bubble to time it before it pops.

[gopiscrap]

6. The NYSE was open today? So much for honoring veteran's

fucking hypocrits

[iamthebandfanman]

8. Worst. Socialist. Ever.

just sayin'. :p