DOW JONES-LONGEST BULL RUN IN 80 YEARS-15,000 dow?
|Anonymous Coward (OP)|
User ID: 232725
05/05/2007 08:04 PM
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Sorry moved it over to quickly here are some links also..
[link to www.bizzyblog.com]
[link to askjason.blogspot.com]
Friday, May 04, 2007
Question: How Hot is the Dow Right Now?
After todays small but positive gain today, the Dow Jones Industrial Average has broken yet another record high closing. Today close of 13,247.80 meant that the Dow has increased in 23 of the last 26 trading sessions. To put this amazing run in perspective, this is the longest run of its kind since 1927! Back then the Dow rose 24 out of 27 sessions, a record that could be ties on Monday. I think
Did the Dow’s 80-Year ‘Bull Run’ Milestone Get to Your Paper’s Front Page Today?
Filed under: Economy, MSM Biz/Other Bias, MSM Biz/Other Ignorance — TBlumer @ 8:00 am
Front page? Heck, the overwhelming odds are that it didn’t get mentioned anywhere.
It should have been.
At CNNMoney.com, writers Alexandra Twin and Steve Hargreaves appear to be the only ones who even recognized the significance of yesterday’s positive market close (bolds are mine):
Dow: Longest bull run in 80 years
Major gauges hit new milestones, but just barely; investors mull jobs report, oil prices, talk of a Microsoft-Yahoo merger.
May 4 2007: 4:09 PM EDT
NEW YORK (CNNMoney.com) — The Dow Jones industrial average squeaked out another record high Friday, making this the longest bull run in 80 years, as investors cheered tame inflation numbers, talk of big mergers and a jobs report that appeared just right.
….. The Dow has now risen in 23 of the last 26 sessions, marking its longest bull run since the summer of 1927, when the indicator ended higher in 24 of 27 sessions, according to Dow Jones.
Turning the tables on John Kerry, and building on the snark of Matt at Weapons of Mass Discussion — That would make it the best stock market run since, well, Herbert Hoover.
The pervasive lack of coverage is stunning. Two Google News searches (on “since 1927” [not in quotes] and “80 years,” [in quotes]) pulled up only one additional mention of the “bull run” beyond the CNNMoney item cited in this post — and at that link, the writer characterizes the once-in-80-year event as “the best in over half a century.” However, AHN’s Matthew Borghese did note that the S&P 500 is now “just points away” (about 1.5%) from its all-time high.
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