April 26, 2006

ONCE IT STARTS SETTING NEW HIGHS EVEN THE MSM HAS TO PAY ATTENTION:

Dow ends at 6-year high (Chris Sanders, 4/26/06, Reuters)

Stocks ended higher on Wednesday, with the Dow industrials hitting a 6-year high, buoyed by stronger-than-expected earnings from companies such as top brewer Anheuser-Busch Cos. and a key broker's dropping its "sell" rating on General Motors Corp.

The latest string of results in a stronger-than-forecast earnings season overshadowed investors' worries about rising interest rates after orders in March for durable goods such as airplanes and refrigerators surpassed expectations. [...]

The Dow Jones industrial average ended up 71.24 points, or 0.63 percent, at 11,354.49, its highest close since January 19, 2000.

Posted by Orrin Judd at April 26, 2006 9:20 PM
Comments

I suppose this milestone will call for a number of stories recounting the collapse of the stock market in 2000, to be tied in to the current trial of Ken Lay down in Houston (of course, in those pending media reports, there will be no mention of who was in the Oval Office at the time the market began its big downward turn).

Posted by: John at April 26, 2006 9:54 PM

The Tony Snow effect.

Posted by: AWW at April 26, 2006 10:06 PM

The rally will crumble with the indictments against Karl Rove on Fitzmas Day II according to our moonbat "friends".

Posted by: Dave W. at April 27, 2006 1:09 AM
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