was 14,164, but we have come a long way, baby. a long way from the bottom, like we have doubled. that is pretty incredible. and also incredible, the surge since president obama took office. the dow is up 63% since inauguration day. that ranks him fifth. after 1,153 days in office, fdr, calvin coolidge, dwiez eisenhower, and bill clinton had b better records. and this is important, because a lot of the americans are invested in the stock market. according to gallop, 54% of americans own stock through the pensions and the 401(k)s, and the market is not for the very few. the question is will the largess will last. i went to the stock market exchange today, and traders clapped half heartedly, and i have spent a lot of time down there, but i had to confirm that the clapping was really for the milestone. i was told it lacked enthusiasm and drifting upward without conviction and in a word one trader used, lame. well, lame it may but be it is not taking away the point that it has ris
well, good evening, everyone, outfront that dow crossing 13,000 for the first time since 2008, and we are short of the all-time high which was 14,164, but we have come a long way, baby. a long way from the bottom, like we have doubled. that is ip credible and also the incredible surge since president obama took off. the dow is up 53% since inaugural day, and that ranks him fifth after 1,153 days in office, franklin roosevelt, and calvin coolidge and bill clinton and dwight eisenhower have only exceeded that. and this is important, because a lot of the americans are invested in the stock market. according to gallop, 54% of americans own stock through the pensions and the 401(k)s, and the market is not for the very few. the question is will the largess last? i went to the stock market exchange today, and traders clapped half heartedly, and i had to confirm that the clapping was for the rally. i was told it lacked enthusiasm and drifting upward without conviction and in a word
long way, baby. a long way from the bottom, like we have doubled. that is pretty incredible. and also incredible, the surge since president obama took office. the dow is up 63% since inauguration day. that ranks him fifth. after 1,153 days in office, fdr, calvin coolidge, dwiez eisenhower, and bill clinton had ben better records. and this is important, because a lot of the americans are invested in the stock market. according to gallop, 54% of americans own stock through the pensions and the 401(k)s, and the market is not for the very few. the question is will the largess will last. i went to the stock market exchange today, and traders clapped half heartedly, and i have spent a lot of time down there, but i had to confirm that the clapping was really for the milestone. i was told it lacked enthusiasm and drifting upward without conviction and in a word one trader used, lame. well, lame it may but be it is not taking away the point that it has risen so much since the financia
bernie madoff victims could start seeing some paychecks by the end of this month. maybe getting some payback here. the trustee in charge of the assets stolen by madoff said they are ready to start distributing the $2.6 billion they have been able to recover. two years ago, stocks hit rock bottom. we remember it was in the 6400 range and people were panicking about their retirement funds and 401(k)s. since then a raging bull market. where do we go from here? christine romans is minding your business. we have seen the stock market take off like gang busters. are we in for a correction? biggest stock market rally in 50 years and when you look at two-year stock market it s middle age to look at it that way. depends on what your outlook is about middle age, too, i guess. 6547 was the level on the dow two years ago today. we have lived through history. you have lived through history.
change. i want to show you a quick market check. this is the second anniversary of the bull market, don t forget. the dow yesterday was up 124 points. i want to remind you that two years ago today the dow was at 6,547. remember those days? it was terrifying. at the time, warren buffett said it was as close to the worst-case scenario we lived to. some of the unbelievable move the stocks have made. would you believe that apple shares are up 328% since then? i would believe it. we ll see you here next hour. and they re calling it the flight to everywhere, bad weather turned what was supposed to be a four-hour trip from barbados to new york a gruelling flight. they circled jfk, then instead of landing, ended up getting sent to boston for refueling, landed on the tarmac there, sat, sat, sat, took off again for jfk, tried to land again, didn t work, tried to land a second time, didn t work.