April 25, 2007
The Dow Jones industrial average surged past the 13,000 mark for the first time Wednesday, as U.S. stocks rallied on better-than-expected manufacturing data and strong corporate earnings.The close, 13,089.89, comes less than two months after a late February plunge in world markets sent investors heading for safer ground. The broader market has been rising almost uninterrupted since late March. If the trend holds, U.S. stocks are on track to finish April with the biggest monthly gain in more than three years.
So I guess it would appear that the state of the US economy is quite sound -- at least according to those whose money makes the engine of capitalism run.
Posted by: Greg at
10:09 PM
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I heard John Roberts on CNN this morning. His response to the Dow success was to ask, "why doesn't the every day guy on the street feel the benefit?" He clearly shows his left thinking here. Like the good Dem that he is, he would have you and me take the risk of investing our hard earned money, and then distribute any potential gains to "the every day guy on the street" so that all could be happy.
Over half the wealth that exists in the US today was made in the last 30 years. It wouldn't have happened if investors weren't prepared to take financial risks that provided the chance for personal gain. Without this economic ingredient, you have, well, Russia and we know what happened there. I can't figure out why the Dems have so much trouble grasping this concept.
Posted by: SAB at Thu Apr 26 01:18:17 2007 (sDEMo)
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