StarTribune.com | User comments

S&P 500 index closes above 1,500 for first time since start of Great Recession

Article by: STEVE ROTHWELL , Associated Press
Updated: January 25, 2013 - 10:35 PM

NEW YORK - Passing another milestone on the nation's long journey back from the Great Recession, the Standard and Poor's 500 index closed above 1,500 for the first time in more than five years Friday after a wave of good earnings reports.

2
Comments

Newest first
Oldest first

1 - 2 of 2

callmeronJan. 26, 13 1:05 PM

"Passing another milestone on the nation's long journey back from the Great Recession..." Lies! The TRUTH is that the Federal Reserve is printing $45 BILLION every month to inflate stock market values. Funny how the media never mentions that, isn't it? Instead, the media says, "Oh look at how well the economy is recovering under our messiah!," when the TRUTH is much different. Read the TRUTH for yourself: "(Federal Reserve) Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent. Bernanke, setting the stage for a third round of quantitative easing in an Aug. 31 speech in Jackson Hole, Wyoming, said the strategy works in part by boosting the prices of assets such as equities." Source: "Bernanke Seeks Gains for Stocks in Push for Jobs: Economy", Bloomberg.com, Oct 2, 2012.

ciamanJan. 26, 13 5:36 PM

Callmmeron is right on target. The A/P boys are always sharpening their axes to cut the truth. Europe is in terrible straits and their own recession is going worse. Look at the unemployment numbers in Europe. Poor, very poor. And the welfare states are broke and have no clue as to what to do. Our President is a socilist man and he would love to bring us under the umbrella of Socialism. Look at our low paying jobs and the futue is full of robots doing the work of millions of people out of work. And the correct number referred by Callmeron is 85 billion dollars shoved out by the Federal Reserve. All new printed money that has no backing of any kind. How long can any nations keep up with that kind of blowing fake money?