Really, who give a mickey-fick that the dow hit briefly 10,000 points. Is that going to lower the health care bills of family A? Is it going to help the college student who can not find a job from family B? Will it give a promise of jobs to come for family C that lost their home? A guranteed of a livebale job waged for family D?
No, it is a reminder that the Bailout Kings of Wall Street still reign and the average family on Main Street its options are bleak.
That is the reality out here, not on Wall Street.
The Dow Jones industrial average has reclaimed 10,000 for the first time in a year.
The Dow crossed five figures in afternoon trading Wednesday, seven months after it hit a 12-year low of 6,547.05 on March 9. The comeback by the stock market’s best-known indicator is the most visible sign yet that investors believe the economy is indeed recovering from the financial crisis and recession.
Cheering erupted from traders on the floor of the New York Stock Exchange as stocks briefly moved above the psychological barrier. They fell back into the 9,990 range in the normal ebb and flow of trading. read more here....