We have at last completely recovered from the stock slump that was cause by the Clinton Recession and the 9/11 attacks.

The Dow Jones industrial average topped its record-high close this morning, reaching a milestone in Wall Street's recovery from nearly seven years of corporate upheaval, economic recession and the impact of terrorism.

The high close was 11,722.98 set on Jan. 14, 2000. Shortly after the index of 30 blue chip stocks surpassed its record, stocks fell back to trade little changed amid a dearth of news that could motivate investors.

"These numbers sometimes tend to act as magnets and the market it sometimes pulled up toward it," said Russ Koesterich, senior portfolio manager at Barclays Global Investments in San Francisco.

In late morning, the Dow was up just 1.92, or 0.02 percent, at 11,691.16. It has yet to reach its all-time trading high of 11,750.28, also reached Jan. 14, 2000.

So remember, folks, the performance of the Dow is all George Bush’s fault – just like the falling gas prices.

Posted by: Greg at 10:18 AM | No Comments | Add Comment
Post contains 189 words, total size 1 kb.