from The Daily Bell:
U.S. Stocks Rise; Dow Ends Above 18000 … Strong U.S. GDP Data Fuel Stock-Market Gains The DJIA hits a milestone following strong GDP data …The Dow Jones Industrial Average closed above 18000 for the first time Tuesday after data showed the U.S. economy posted its strongest growth in more than a decade. The blue-chip index climbed 64.73 points, or 0.4%, to 18024.17, marking its 36th record for the year. The S&P 500 index added 3.63 points, or 0.2%, to 2082.17, notching its 51st closing high of 2014. Meanwhile, the Nasdaq Composite fell 16 points, or 0.3%, to 4765.42, dragged down by broad declines in health-care stocks. – Wall Street Journal
Dominant Social Theme: This is an unstoppable market that indicates the strength of the US economy and its industrial base.
Free-Market Analysis: You would think that this market would already have foundered. The US recovery is suspect. Government price inflation numbers and employment numbers are unreliable at best.
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