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Ear to the Ground

Stock Market at 19-Month High

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Posted on Apr 24, 2010
NYSE
AP / Henny Ray Abrams

A statue of George Washington on the steps of Federal Hall overlooks the New York Stock Exchange.

Even in the face of an extended recession, devastating double-digit unemployment and a barrage of political charges that President Barack Obama’s health care reform will decimate the economy, the U.S. stock market finished the week at a 19-month high. —JCL

Reuters:

U.S. stocks rose to a 19-month high on Friday as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low.

For the week, the S&P 500 was up 2.1 percent, the Dow gained 1.7 percent and the Nasdaq rose 2 percent. It was the eighth straight week of gains for the Dow and Nasdaq, while the S&P has gained in seven of the past eight weeks.

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By Max Obrien, June 2, 2011 at 9:34 pm Link to this comment

This is good news for the economic and futures market. Opportunities for incentives stock options  is ripe for investors now, both in the long term and short term. Sadly there is little optimism for the longevity of Obama’s health care reform.

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By samosamo, April 24, 2010 at 6:36 pm Link to this comment

Gee, the best economic indicator, the stock market, shows that
there was no depression much less a recession, so what’s all the
hoopla about anyway?

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By felicity, April 24, 2010 at 12:11 pm Link to this comment

Does anyone else get the feeling that while too many of us are “living lives of quiet desperation” 1-10% of us are living-high-on-the-hog? And, in fact, is it because too many of us are living lives of quiet desperation that 1-10% are able to live high-on-the-hog?

How long will it be before the great American middle class becomes the stuff of nostalgia.

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