07/22/2009 12:28:10 AM EST

Dow ends at 6-month high

posted by Robrob

http://money.cnn.com/2009/0 7/21/markets/markets_newyor k/index.htm?postversion=200 9072117

S&P finishes at 8-month peak as investors cheer better-than-expected quarterly results. Bernanke's comments keep gains in check.

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Stocks finished higher Tuesday -- with the Dow industrials ending at a 6-month high -- after a volatile session in which investors weighed better-than-expected corporate earnings with Federal Reserve Chairman Ben Bernanke's warning that the economic recovery would be slow.

The Dow Jones industrial average (INDU) ended up 68 points, or 0.8%, closing at its highest level since Jan. 6.

Meanwhile, the broader S&P 500 (SPX) index tacked on 3 points, or 0.4%, its highest close in 8 months.


The tech-laden Nasdaq composite (COMP) added 7 points, or 0.4%, marking the index's 10th consecutive day of gains, and the longest streak of winning sessions the Nasdaq has had in 12 years. The last time the Nasdaq posted 10 winning sessions in a row was July 1997, according to a Nasdaq spokesperson.

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Dow ends at 6-month high | 2 comments (2 topical, 0 hidden)
The Multiplier Effect (none / 0)
These funds have been giving outstanding returns because of the multiplicative effect of foreign currency times economic growth.

Would you care to expand on that comment?

Before me things create were none, save things Eternal, and eternal I endure.

All hope abandon ye who enter here.

by OccamsRazor on 07/22/2009 07:31:03 PM EST

Thats what I thought you meant (none / 0)
I am familiar with multiplier in regard to currency supply and reserve . I haven't heard it used exactly in that way in regard to foreign investments and exchange rates.

The timing aspects ( not that you can time the market) of your strategy could be tricky.

It is also wise not to mix politics with investments, always a loser.

Good luck

Before me things create were none, save things Eternal, and eternal I endure.

All hope abandon ye who enter here.

by OccamsRazor on 07/22/2009 10:28:19 PM EST

[ Parent ]
Dow ends at 6-month high | 2 comments (2 topical, 0 hidden)
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