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The DJIA nearly hit 9,800 on September 16 and closed the day at just above 9,791. Three more days of the index rising more than 1 percent and the Dow will be back at 10,000. It has not been above that level since last October.
Originally posted by HunkaHunka
The question I have, is where is the next bubble?
While most dealers are grateful for the boost, they're paying for it now with fewer customers ... rebates drew people into the market who otherwise would have kept driving their clunkers due to uncertainty over the sputtering economy. Those customers might have made their purchases later in the year.
That would be about 2.126 billion shares in total for these four stocks, two of which (Fannie and Freddie) are so far underwater in their equity value (to the government no less!) that there is no chance they're worth anything, yet they remain listed, and the other two are zombie banks with Citibank existing only because of $300 billion in asset guarantees by The Fed and Treasury
NEW YORK — FedEx Corp. said Thursday its first-quarter earnings fell 53 percent — matching its prediction released last week — and warned its profit will remain weak through at least the end of the year.
But the world’s second largest package delivery company, considered a bellwether of economic health, said it does see signs of improvement in the global economy as international shipments picked up.
The Memphis, Tenn.-based company reported earnings of $181 million, or 58 cents per share, compared with $384 million, or $1.23 per share, a year ago.
Revenue fell 20 percent to about $8 billion.
Originally posted by Jacob08
reply to post by turbokid
Yes a number of people did think that. Here are some amusing quotes from the era. This site is promoting gold so they have an agenda but a good read none the less. My personal favorite quote.
"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
[edit on 17-9-2009 by Jacob08]