Comments about ‘Dow breaks 13,000 for first time since '08 crisis’

I knew once we got the Republicans back into power things would start to turn around. Finally, all of the Legislation they've written and passed since the 2010 elections is starting to work it's magic.

At least that's what posters on this site will lead us to believe!

Time to short sell this Friday.

@williary: The DJ average is hardly a measurement of America's economic health. Or do you not remember how "healthy" the Dow was just before those bubbles popped? I say the Dow is already overpriced and any further rise is just another bubble forming. Watch your wallet!

Seems like investors (i.e. the rich, and companies like Bain) aren't being slowed one bit by Obama's policies.

Why in the world was the Greek bailout deal not a major focus here? It was almost glossed over as a side note, but I would be very surprised if the greater stability it brings to the Eurozone didn't almost single-handedly cause this rise, independent of anything Pres. Obama or Pres. Bush or Congres did or didn't do.

Hey we finally found the answer!!! Just spend more money!!! China is a bottomless well of borrowed money and will forever be our best friends. 16 trillion in debt??? Ah - who cares. Yes sir happy days are here again!!!

@Alex: why didn't the Greek bailout agreement figure into the story? Maybe because the so-called stability it promises is simply too good to be believed. Fact is, very few people think it's anything more than a bandaid on a tumor. Investors were never more skittish. They're ready to bail out of the stock market at the slightest hint.

This will hurt MItt's gloom and doom song and dance.

@atl134

"Seems like investors (i.e. the rich, and companies like Bain) aren't being slowed one bit by Obama's policies."

What do you suppose will happen when President Obama raises the capital gains tax from 15% to 30%?

A1994 - probably not much difference what so ever. The market has had runs under much higher cap gains tax levels. And if it were at a higher level, do you really think people would stop investing in their 401k funds? Mutual funds would collapse. REITs would start stuffing money under mattresses? What is it you really think would happen? Every one would just raise their hands in defeat and party all night long?

Did you forget this collapse happened with these same rates - and they did absolutely nothing to prevent it.

And Earl, you really didn't say to "@williary: The DJ average is hardly a measurement of America's economic health." What, do you think it is some kind of random number generator like the lottery? That valuations of companies are completely independent of market outlook? What exactly do you think drives stock valuation?

This should have happened at least two years ago. It is in spite of Obama, not because of him. He clearly has no idea what he's doing. Totally incompetentp.