PrintNovember 9, 2009
The Market High
I saw that the Dow rose over 200 points today to hit a 2009 high, in fact a 13 month high. So I checked out Yahoo Finance to see what might have made the market move so dramatically to the good side. Here were the headlines at 3:45 pm on Nov. 9.
- Electronic Arts posts 2Q loss, plans layoffs- AP
- Kraft's $16.4B Cadbury bid starts takeover tussle- AP
- Fed: GMAC to receive more bailout money- AP
- Fannie Mae tax credit decision could cost $5.2 bln- AP
- Energy prices jump even as Gulf storm weakens- AP
- Strollers recalled for fingertip amputation hazard- AP
- Gold rallies to a record high on dollar weakness- CNNMoney
- Ex-SEC lawyer pleads guilty in Marc Dreier case- AP
- China's Premier Warns Obama to Get America's Deficit to an "Appropriate Size"- Tech Ticker
Let's see: another corporation posts a loss, more layoffs, another bailout, a Fannie Mae problem, an energy price jump, record high gold, crime at the SEC, and China warning us about debt. Not to mention baby strollers that cut off babies' fingers.
Heck, maybe if a plague breaks out and a mushroom cloud is spotted, we'll see the Dow at 14,000 again.
