Dow Crosses 13,000 For First Time Since 2008

By: AP
By: AP
For the first time since 2008, the Dow has surpassed the 13,000 mark.


NEW YORK (AP) -- The Dow Jones industrial average has crossed 13,000 for the first time since before the 2008 financial crisis.

The Dow passed 13,000 about two hours into the trading day. Its last time there was May 20, 2008, four months before the Lehman Brothers investment bank went under.

U.S. stocks got help Tuesday from a bailout deal for Greece, aimed at preventing a potentially catastrophic default, and from strong corporate earnings reports at home. Home Depot and Dollar Thrifty were among companies turning in good results.

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  • by Nath Location: Colo Spgs on Feb 21, 2012 at 09:36 AM
    A bailout is like a band-aid on an ax wound. It does nothing to solve the underlying problem, just prolongs it. Where do you think the $170 billion is going to come from? The European Central Bank doesn't have it (on their own) - enter the FED and U.S. Treasury with another "currency swap" - Euro's for dollars, one worthless fiat currency for another. Greece is going down and no band-aid fixes are going to prevent it, then the question will be which of the European dominoes will be next. If you still think our financial markets are not "influenced", you just don't know. And this one just barely touches on what goes on on Wall Street and in D.C. Unfortunately, this article doesn't mention another, big manipulator, Goldman Sachs.
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