January 9, 2006

WHAT ABOUT ABRAMOFF............:

Dow Jones industrials cross 11,000: Passing the mark is a sign that investors are optimistic that the Federal Reserve will soon end its string of interest rate hikes. (Associated Press, 1/09/06)

The Dow Jones industrial average crossed 11,000 Monday for the first time since before the 9/11 terrorist attacks, buoyed by a rally that has sent stock prices soaring through the first five sessions of 2006.

Wall Street's best known stock indicator reached 11,003.50 shortly after 1 p.m. EST, the first time since June 13, 2001, that the index of 30 blue chip stocks traded above that milestone. It last closed above 11,000 on June 7, 2001, when it stood at 11,090.74.

Monday's advance following a 241-point surge last week as investors grew increasingly optimistic that the Federal Reserve will soon end its string of interest rate hikes.


Dow closes above 11,000 (Associated Press, January 9, 2006)
Two Octobers ago and W would have carried 50 states....

Posted by Orrin Judd at January 9, 2006 2:47 PM
Comments

Heck, if companies don't have to spend so much on lobbyists, then reform is worth a couple of point on the Dow.

Posted by: David Cohen at January 9, 2006 5:00 PM

Keeping the presidency was definitely important but '06 could be just as important if the GOP can get to 60 or at least much closer.

Posted by: AWW at January 9, 2006 8:50 PM
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