Stock rally continues as S&P 500 hits 4-year high

[SamOdom]

NEW YORK — Stocks climbed Thursday, with the Standard & Poor's 500 Index riding its longest rally since November to a four-year high, helped by strong earnings reports, data showing consumer inflation remained in check and a drop in oil prices.

The Nasdaq and the S&P 500 extended gains for a sixth day in a row, with the Nasdaq posting its highest close for 2005.

Wall Street was encouraged by the latest reading of the Labor Department's consumer price index, which measures how much consumers pay at the retail level. The CPI was unexpectedly flat for June, while "core" CPI — with food and fuel costs removed — edged just 0.1% higher.

 

[SamOdom]

 

[Coldweather]

arty: :howdy:

 

[eek.]

A 4 year high....gosh

so it's only just getting back to how things were under Clintons watch...

 

[SamOdom]

eek, I dont care about politics on this subject, I'm too close to retirement:drink: I would like to see the SP500 triple

 

[eek.]

Gl

 

[husker]

A 4 year high....gosh

so it's only just getting back to how things were under Clintons watch...

the cooked books era, he was too distracted chasing ass.

 

[SamOdom]

<TABLE cellSpacing=0 cellPadding=0 width=468 border=0><TBODY><TR><TD class=datestamp>07/20/2005 - Updated 4:22 PM ET</TD></TR></TBODY></TABLE><TABLE cellSpacing=0 cellPadding=0 width=468 border=0><TBODY><TR><TD class=mwNormal>

</TD></TR><TR><TD><?xml version="1.0" encoding="UTF-16"?><TABLE cellSpacing=0 cellPadding=0 width=468 border=0 xmlns:Spaces="foo"><TBODY><TR><TD><TR><TD class=mwinside-head>Nasdaq hits highest close in 4 years </TD></TR><TR><TD class=mwinside-head>Dow, S&P 500 also stage late-session rallies</TD></TR><TR><TD><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD>

</IMG></TD></TR><TR><TD>By Leslie Wines, MarketWatch</TD></TR></TBODY></TABLE></TD></TR><TR><TD class=mwinside-copy>
NEW YORK (MarketWatch) -- U.S. stocks staged a late session rally Wednesday, sending the Nasdaq composite up to its highest close since June, 2001, after investors focused on some strong earnings reports in the biotechnology sector and elsewhere. </TD></TR><TR><TD class=mwinside-copy>
The Nasdaq composite turned positive for 2005, rising 15.39 points to 2,188.57. The close also marked the composite's highest finish since June 8, 2001. </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

 

[TheRightWing]

record home ownership

5.5% 30 yr fixed

inflation in check

record self employment applications

yeah wish the cooked books era with the start of the recession was still haunting us now!

 

[SamOdom]

RWing, can you imagine where we would be if those bastards hadn't done 9/11?

 

[TheRightWing]

actually hard to tell but I know the interest rates,refinace boom probably wouldn't have happen.This country stood tall to the largest terror attack of all time and now settling down but that scares me more because the attacks are far from over on our soil. When oil settles back down to around 45 a barrel which might be 12-18 months but in reach you will really see how the economy will BULL ride into orbit.

 

[SamOdom]

May god bless the souls lost in 9/11, however, if 9/11 had not happened there is no doubt in my mind we would dealing right now with an over heated economy & an inflation problem.

 

[docmercer--banned]

Husker:

the cooked book era was directly attributed to Newt Gingrich

 

[docmercer--banned]

Husker:

The "cooked book" problem you tried to blame on Clinton?

A centerpiece of Gingrich's Contract With America was "securities reform." Passed in 1995 over President Bill Clinton's veto, the bill shielded outside accountants and law firms from liability for false corporate reporting, and made it more difficult for shareholders to bring suit against fraudulent reporting. A flood of corporate misstatements has followed.

 

[eek.]

Year on year the S&P is up about 1.2%....so you can buy an extra pack of cigarettes with the gain....oh no you can't, inflation is 2%

Bush hasn't even caught up with what Clinton achieved years ago.
If you factor inflation into the numbers Bush, as usual, comes in last...

 

[joegaffney]

arty: :drink: :drink: :drink: arty:

 

[TheRightWing]

Year on year the S&P is up about 1.2%....so you can buy an extra pack of cigarettes with the gain....oh no you can't, inflation is 2%

Bush hasn't even caught up with what Clinton achieved years ago.
If you factor inflation into the numbers Bush, as usual, comes in last...

You mean the Newt Gingrich era that Doc says caused the economy to boom!!!

 

[docmercer--banned]

Gingrich is scum .....

 

[cutacrossshorty]

record home ownership

When was the last time home ownership went down? Correct me if I'm wrong, but I think it was during the Bush Sr. administration.

 

[TheRightWing]

Down from an all time high maybe but guessing when you hit a number like Reagan did guessing one or two years will lack........tell you the truth didn't know it even went down but in a few years maybe 5 I know it won't be as high as is it now.....