Dow Jones Industrial Average nears Record High!

[rynprov]

I'm watching the DJIA as it nears record all-time closing high

Dow Jones hit an all-time closing high of 11,722.98, 1 day shy of my 13th birthday (January 14, 2000)

http://en.wikipedia.org/wiki/Dow_Jon...strial_Average
http://money.cnn.com/2006/09/27/mark...ex.htm?cnn=yes

As of posting DJIA is up 43 points at 11,712

Check of the DJIA

http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d

[rynprov]

Latest on DJIA as of 11:52 am EDT:

11,711.65 +42.26 (+0.36%)

[rynprov]

DJIA Intraday Chart

[Justice]

Money is being pulled out of real estate and that money needs to find a home but in the longer term people will try to reduce debt so that means less cream to go around and the dow with go way down.

For every man, woman and child in the USA you have $118k of private + public debt and try to work out why they no longer produce the M4 money supply figures.

Also note that prices often go up as the currency goes down so was i to invest in US shares and convert the money back to ££££££ then i don't think i would had made too much out of the deals.

PetroDollars are coming to an end so don't look for the 'R' word or even the 'D' word but think in terms of the 'M' word !

[rynprov]

DJIA briefly slammed record closing high early in the trading session!

http://money.cnn.com/2006/09/28/mark...0945/index.htm