Dow closes at 13,090

Posted By on April 25, 2007

The financial world is beginning to make me nervous once again after an “exuberant” day, as Greenspan might say. The Dow Jones Industrial average closed at its all time high of 13,089.89 with the Nasdaq jumping in for some positive action too — up 23.85 to 2547.89. It will be interesting to see just how much money comes off the table as it traditionally does in May as traders prepare for summer. I’ve heard two prominent Wall Street gurus making predictions of a DOW of 13,500 to 14,500 by the end of 2007 — pretty optimistic.

Comments

  • http://bilikfamily.com/ Scott

    Just my personal admittedly biased opinion: if we had “President Kerry”, the major media would lead with this story and be clucking “is this the best economy since Clinton?” Instead I see stories that couch the news with “concerns” about the housing market, potential inflation, and the squeeze on the middle class.

  • http://bilikfamily.com/ Scott

    Just my personal admittedly biased opinion: if we had “President Kerry”, the major media would lead with this story and be clucking “is this the best economy since Clinton?” Instead I see stories that couch the news with “concerns” about the housing market, potential inflation, and the squeeze on the middle class.

  • http://www.myarchive.us RichC

    Huh … good point Scott :-)
    That’s the power of the media … and yet some say there is no such thing as ‘liberal media bias’ — they actually believe mainstream media is too ‘pro-American???’ Go figure?

  • http://www.myarchive.us RichC

    Huh … good point Scott :-)
    That’s the power of the media … and yet some say there is no such thing as ‘liberal media bias’ — they actually believe mainstream media is too ‘pro-American???’ Go figure?

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.