Open Thread: Dow Closes Over 11,000 For First Time Since May
For general discussion and debate. Possible talking point: the Dow Jones Industrial Average closed over 11,000 Friday for the first time since May. Despite a slowing economy, rising foreclosures, and a stubbornly high unemployment rate, stocks have been soaring since July up almost 15 percent. What’s fueling this rally? Is the market excited about the possibility of a Republican takeover of Congress? Do traders believe the economy is going to rebound nine to twelve months from now? Or is this all a liquidity based event tied to low interest rates and a declining dollar? After all, as the dollar has declined roughly since summer started, stocks have risen in tandem: Thoughts?
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Open Thread: Dow Closes Over 11,000 For First Time Since May
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on October 9, 2010. Filed under