Just two weeks after the Dow reclaimed 13,000, the NASDAQ finally closed above 3,000 (3,039.88, to be exact) for the first time since Dec. 11, 2000 [...]So the NASDAQ just closed higher than at any point in the Bush Administration, and the Dow closed at its highest until just before Bush completed his ultimate destruction of the U.S. (and world) economy. The Wilshire 500, which tracks the entire U.S. capital markets, is up double since Obama took office.
Stocks overall closed with their biggest gains this year. They rallied from the opening bell after the government said February retail sales gains were the strongest since September. JPMorgan Chase gave the rally extra juice by announcing it would raise its stock dividend.
Preliminary results show the Dow Jones industrial average closing up 218 points at 13,177. That's the highest close since the last day of 2007.
Who knew socialism and "economic uncertainty" would be so awesome for corporate America?
Of course, if you're a Republican, you're left scrambling for a way to justify your continued economic attacks on Obama, when they are so patently and absurdedly off base. Thus, enter Allen West:
WEST: Well, I would think maybe the markets are maybe looking five to six months down the road, when we have a change in leadership in this country.Moron.