Dow jones almost 10,000 points. 3 points to go. it’s on the news. what does this mean? why are people excited?

i don’t understand about this stuff. people are really excited. why? does this mean we are not in a recession anymore?

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Tuesday, March 9th, 2010 news

5 Comments to Dow jones almost 10,000 points. 3 points to go. it’s on the news. what does this mean? why are people excited?

  1. Well, we aren’t in a recession anymore, but that alone isn’t the reason.

    However, historically when the stock market goes up, unemployment goes down soon after. THAT is why people are so excited.

    2. Kevin B. on March 9th, 2010

  2. In a very partisan sense that will piss off neocons, it means that Obama has ended the Bush Recession and prevented the economy from crashing even further that could have resulted in the Bush Depression.

    3. caldude1010101 on March 9th, 2010

  3. Wall Street is rallying because of the possibilities of the stock holders building a better portfolio with the Health Care Reform; its about 6% of our GNP.

    4. ☼Solar☼ on March 9th, 2010

  4. It means a new crop for the harvesting. More wealth that can be stolen from the suckers.

    5. Mark on March 9th, 2010

  5. It’s just a milestone – it doesn’t have specific importance.

    “10,000″ is a nice, big, fat, round, even number. It’s exciting that the stock market is doing well enough to hit this landmark again – after millions of people losing their retirement nest eggs in 2008 due to Bush’s stupidity.

    I guess the real relevance of this event would be that the Obama haters are choking on their own bile.

    6. Go outside and play. on March 9th, 2010

Dow Jones Index

The Dow Jones Industrial Average (NYSE: DJI, also called the DJIA, Dow 30, INDP, or informally the Dow Jones or The Dow) is one of several stock market indices, created by nineteenth-century Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It is an index that shows how certain stocks have traded. Dow compiled the index to gauge the performance of the industrial sector of the American stock market. It is the second-oldest U.S. market index, after the Dow Jones Transportation Average, which Dow also created. The average is computed from the stock prices of 30 of the largest and most widely held public companies in the United States. The "industrial" portion of the name is largely historical—many of the 30 modern components have little to do with traditional heavy industry. The average is price-weighted. To compensate for the effects of stock splits and other adjustments, it is currently a scaled average, not the actual average of the prices of its component stocks—the sum of the component prices is divided by a divisor, which changes whenever one of the component stocks has a stock split or stock dividend, to generate the value of the index. Since the divisor is currently less than one, the value of the index is higher than the sum of the component prices.
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