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There Will Be No Economic Recovery. Prepare Yourself Accordingly.
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<blockquote data-quote="728ups" data-source="post: 1359882" data-attributes="member: 33372"><p>the sky is falling,the sky is falling!!</p><p><span style="font-size: 22px"><strong>Dow finishes above 17,000 on strong payrolls report</strong></span></p><p><span style="font-size: 22px"><strong>U.S. stocks rose on Thursday, lifting the Dow industrials above 17,000, after the government reported the economy created a better-than-expected 288,000 jobs in June and the unemployment rate fell to 6.1 percent.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>"I would categorize it as a fantastic number, and a great transition to earnings season next week," said David Lyon, a global investment specialist at JP Morgan Private Bank in San Francisco.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong><strong>Read More<a href="http://www.cnbc.com/id/101810670" target="_blank">Boom! Job growth accelerates, rate falls</a></strong></strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong><a href="http://data.cnbc.com/quotes/LO" target="_blank">Lorillard</a> rallied after CNBC reported <a href="http://www.cnbc.com/id/101811505" target="_blank">the tobacco maker</a> could be taken over by <a href="http://data.cnbc.com/quotes/RAI" target="_blank">Reynolds American</a> within weeks. <a href="http://data.cnbc.com/quotes/PETM" target="_blank">PetSmart</a> jumped after hedge fund Jana Partners disclosed a 9.9 percent stake and said it plans to ask the retailer to explore a sale.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>"It was a very good report; the next leg up in stocks is the 2,000 mark on the S&P 500," said JJ Kinahan, chief strategist at TD Ameritrade.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong><strong>Read More<a href="http://www.cnbc.com/id/101811224" target="_blank">Dow 17,000? Another milestone matters more</a></strong></strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>Flat ahead of the jobs report, the yield on the 10-year Treasury jumped as much as five basis points and was lately up 1 basis point at 2.638.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>"The bond market is saying, the economy is healthier than people are giving it credit for," said Kinahan.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>The European Union kept monetary policy unchanged as expected on Thursday following last month's measures to stimulate the economy.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong><strong>Read More<a href="http://www.cnbc.com/id/101810497" target="_blank">ECB holds fire, all eyes turn to Draghi</a></strong></strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>Symbol</strong></span></p><p><span style="font-size: 22px"><strong>Name</strong></span></p><p><span style="font-size: 22px"><strong>Price</strong></span></p><p><span style="font-size: 22px"><strong>Change</strong></span></p><p><span style="font-size: 22px"><strong>%Change</strong></span></p><p><span style="font-size: 22px"><strong><a href="http://data.cnbc.com/quotes/.DJI" target="_blank">DJIA</a>Dow Jones Industrial Average16875.39</strong></span></p><p><span style="font-size: 22px"><strong>-110.22-0.65%</strong></span></p><p><span style="font-size: 22px"><strong><a href="http://data.cnbc.com/quotes/.SPX" target="_blank">S&P 500</a>S&P 500 Index1961.55</strong></span></p><p><span style="font-size: 22px"><strong>-11.28-0.57%</strong></span></p><p><span style="font-size: 22px"><strong><a href="http://data.cnbc.com/quotes/.IXIC" target="_blank">NASDAQ</a>Nasdaq Composite Index4387.83</strong></span></p><p><span style="font-size: 22px"><strong>-31.20-0.71%</strong></span></p><p><span style="font-size: 22px"><strong>After closing at records on Wednesday, both the Dow and S&P 500 furthered their advance into uncharted terrain in Thursday's abbreviated session.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>After a 98-point jump, the <strong><a href="http://data.cnbc.com/quotes/.DJI" target="_blank">Dow Jones Industrial Average</a></strong> ended up 92.02 points, or 0.5 percent, to 17,068.26, with Goldman Sachs pacing blue-chip gains that extended to 27 of 30 components.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>The <strong><a href="http://data.cnbc.com/quotes/.SPX" target="_blank">S&P 500</a></strong> added 10.82 points, or 0.6 percent, to 1,985.44, with industrials leading sector gains and utilities the sole laggard among its 10 major industry groups.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>Ending at a 14-year high, the <strong><a href="http://data.cnbc.com/quotes/.IXIC" target="_blank">Nasdaq</a> </strong>advanced 28.19 points, or 0.6 percent, to 4,485.93.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>The <strong><a href="http://data.cnbc.com/quotes/.VIX" target="_blank">Chicago Board Options Exchange Volatility Index,</a></strong> a measure of investor uncertainty, fell 4.6 percent to 10.32.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong>For every three stocks falling, more than four gained on the New York Stock Exchange, where nearly 537 million shares. Composite volume approached 2 billion.</strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p><p><span style="font-size: 22px"><strong></strong></span></p></blockquote><p></p>
[QUOTE="728ups, post: 1359882, member: 33372"] the sky is falling,the sky is falling!! [SIZE=6][B]Dow finishes above 17,000 on strong payrolls report[/B] [B]U.S. stocks rose on Thursday, lifting the Dow industrials above 17,000, after the government reported the economy created a better-than-expected 288,000 jobs in June and the unemployment rate fell to 6.1 percent. "I would categorize it as a fantastic number, and a great transition to earnings season next week," said David Lyon, a global investment specialist at JP Morgan Private Bank in San Francisco. [B]Read More[URL='http://www.cnbc.com/id/101810670']Boom! Job growth accelerates, rate falls[/URL][/B] [URL='http://data.cnbc.com/quotes/LO']Lorillard[/URL] rallied after CNBC reported [URL='http://www.cnbc.com/id/101811505']the tobacco maker[/URL] could be taken over by [URL='http://data.cnbc.com/quotes/RAI']Reynolds American[/URL] within weeks. [URL='http://data.cnbc.com/quotes/PETM']PetSmart[/URL] jumped after hedge fund Jana Partners disclosed a 9.9 percent stake and said it plans to ask the retailer to explore a sale. "It was a very good report; the next leg up in stocks is the 2,000 mark on the S&P 500," said JJ Kinahan, chief strategist at TD Ameritrade. [B]Read More[URL='http://www.cnbc.com/id/101811224']Dow 17,000? Another milestone matters more[/URL][/B] Flat ahead of the jobs report, the yield on the 10-year Treasury jumped as much as five basis points and was lately up 1 basis point at 2.638. "The bond market is saying, the economy is healthier than people are giving it credit for," said Kinahan. The European Union kept monetary policy unchanged as expected on Thursday following last month's measures to stimulate the economy. [B]Read More[URL='http://www.cnbc.com/id/101810497']ECB holds fire, all eyes turn to Draghi[/URL][/B] Symbol Name Price Change %Change [URL='http://data.cnbc.com/quotes/.DJI']DJIA[/URL]Dow Jones Industrial Average16875.39 -110.22-0.65% [URL='http://data.cnbc.com/quotes/.SPX']S&P 500[/URL]S&P 500 Index1961.55 -11.28-0.57% [URL='http://data.cnbc.com/quotes/.IXIC']NASDAQ[/URL]Nasdaq Composite Index4387.83 -31.20-0.71% After closing at records on Wednesday, both the Dow and S&P 500 furthered their advance into uncharted terrain in Thursday's abbreviated session. After a 98-point jump, the [B][URL='http://data.cnbc.com/quotes/.DJI']Dow Jones Industrial Average[/URL][/B] ended up 92.02 points, or 0.5 percent, to 17,068.26, with Goldman Sachs pacing blue-chip gains that extended to 27 of 30 components. The [B][URL='http://data.cnbc.com/quotes/.SPX']S&P 500[/URL][/B] added 10.82 points, or 0.6 percent, to 1,985.44, with industrials leading sector gains and utilities the sole laggard among its 10 major industry groups. Ending at a 14-year high, the [B][URL='http://data.cnbc.com/quotes/.IXIC']Nasdaq[/URL] [/B]advanced 28.19 points, or 0.6 percent, to 4,485.93. The [B][URL='http://data.cnbc.com/quotes/.VIX']Chicago Board Options Exchange Volatility Index,[/URL][/B] a measure of investor uncertainty, fell 4.6 percent to 10.32. For every three stocks falling, more than four gained on the New York Stock Exchange, where nearly 537 million shares. Composite volume approached 2 billion. [/B][/SIZE] [/QUOTE]
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