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It is only a number — the stock market equivalent of an appliance chain’s millionth customer, or the gazillionth hamburger served at McDonald’s.Still, the Dow, which closed up 124.17 points at 9,789.36 on Monday, is within reach of 10,000, The New York Times’s Jack Healy writes. Who would have thought? At the depths of Wall Street’s crisis, when traders were despairing and shares of Citigroup were trading for just over a dollar, Dow 5,000 seemed a likelier prospect than this.But now, one of the

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Why the Dow is Hitting 10,000 While Everyone Else is Cutting Back Robert Reich.Former Secretary of Labor, Professor at Berkeley – Huffington Post So how can the Dow be flirting with 10,000 when consumers, who make up 70 percent of the economy, have had to cut way back on buying because they have no money? Jobs continue to disappear. One out of six Americans is either unemployed or underemployed. Homes can no longer function as piggy banks because they’re worth almost a third less th

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This time last year wasn’t fun, especially if you were long the market. The Dow was looking like a bobbing dinghy on the Niagara River, about to go over the Falls: Advertisement The Most Profitable Physical Gold Investment EVER! Don’t settle for only 100% of your gold profits anymore. There’s a brand new investment vehicle that allows you to DOUBLE your profits from gold! And with gold prices expected to skyrocket as high as $5,000 an ounce, this could be the safest and most pro

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Author : Ki Gray On February 14th, a manufactured day devoted to romantic love, Wall Street wasn’t interested or feeling any good vibes: The Dow, as well as most of the other major stock markets around the world, finished down on recession fears Why so spooked? For one, Federal Reserve chairman Ben Bernanke elected to announce that, despite recent encouraging news on the market floor, the sub-prime crisis has not remained contained as he had previously predicted, but had spread to other sector

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Stocks edging lower: Dow falls below 9300. Some not-so-hot government numbers are out this morning. Vultures taking over: Distressed-debt deals – that’s when creditors seize ownership of troubled companies – are almost double the pace of 2008. From the WSJ: They involve companies from virtually every nook of the U.S. economy, from auto-parts maker Delphi Corp., to retailer Eddie Bauer and hotel chain Extended Stay America. In many of these cases, debtholders aren’t concerned about get

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