Holy Crap! NASDAQ closes at 5008 today

[bobabode]

NASDAQ blows through the 5000 mark for the first time since the dotcom bubble.

Thanks Obama...

[Tom Joad]

Originally Posted by bobabode

NASDAQ blows through the 5000 mark for the first time since the dotcom bubble.

Thanks Obama...

Yeah but how good is that for the average schmuck or smuckette?

http://thinkprogress.org/economy/201...t-one-percent/

The Top 1 Percent Of Americans Own Half Of The Country’s Stocks, Bonds, And Mutual Funds: The Institute for Policy Studies illustrates this massive disparity in financial investment ownership, noting that the bottom 50 percent of Americans own only .5 percent of these investments:

[donquixote99]

The markets are high because the 1% has more money than ever, and it largely goes into the markets due to interest rates being held low.

[whell]

Originally Posted by bobabode

NASDAQ blows through the 5000 mark for the first time since the dotcom bubble.

Thanks Obama...

Thank the Fed.

[merrylander]

Originally Posted by whell

Thank the Fed.

Screw the Fed.

[Tom Joad]

Originally Posted by donquixote99

The markets are high because the 1% has more money than ever, and it largely goes into the markets due to interest rates being held low.

That's the way I see it too.

[BlueStreak]

It's a sign that the "double dip" is still impending............as it has been for five years, now.