At 11,000, Dow Seeks a Revival
The Dow Jones Industrial Average has risen from the dead, closing above 11,000 for the first time since June 2001.
Monday’s advance above the psychologically important 11,000 level has the potential to create some buzz and excitement, a nice change as the blue-chip index had fallen out of favors over the past several years. The Dow even fell 0.6% in 2005, its first annual loss since 2002. The Dow’s last attempt to breach the key level, in March 2005, quickly fizzled away.
But on Monday, at least, the Dow managed to hold onto its gains and closed at 11,009.26, adding 49.95 points, or 0.5% on the day. It earlier touched an intraday high of 11,020.
*ahem* Once again…
Goddamn, that horrible Bush economy. Soup lines, rampant unemployment, widespread famine, pestilence ravaging the nation. Wait… None of that’s happening? huh… You mean people are making more money now than they ever have before in the history of the world? Interesting… Well then why are all these people scowling in the corner pulling their hair out and whining about how horrible everything is right now? Oh, that’s right, THEY’RE FULL OF SHIT!
 Oh yeah, that’s below 5% now too.