Dow rises 144 points to rise above 10,000 for first time since Oct. 3, 2008

[jalaffa]

NEW YORK (MarketWatch) -- U.S. stocks soared higher on Wednesday, pushing the Dow Jones Industrial Average (INDU 10,016, +144.95, +1.47%) to its first close above 10,000 for the first time in more than a year, as investors rejoiced in better-than-expected results from two blue chips, Intel Corp. (INTC 20.83, +0.34, +1.66%) and J.P. Morgan Chase (JPM 47.14, -0.03, -0.06%) . Scoring its biggest one-day rise since Aug. 21, the Dow Jones Industrial Average finished at 10,015.86, up 144.8 points, or 1.5%. The S&P 500 Index (INDU 10,016, +144.95, +1.47%) soared 18.84 points, or 1.8%, to 1,092.02, while the Nasdaq Composite (COMP 2,172, +32.34, +1.51%) jumped 32.34 points, or 1.5%, to end at 2,172.23.

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[shought]

I don't really like this 'good' news, we could very well be screwed again real soon ;)

Don't get me wrong, it's good and all, but in the long term(longer than these moments of rejoice) it might cause us to reach another low even faster.

[Patrick]

This is just short term, what about the China debt that the US has.

[irefay]

Actualy, compared to 10 years ago, its only at 7,500. Inflation is a bitch.

[jalaffa]

me selling now. only real asset left is the shares owned in my isp provider (close to 200 000 dollars in value). Maybe I will stay patient with this one. Telenor seem good.

[box]

This is just short term, what about the China debt that the US has.

That China's problem. Now US got China by the balls. Mess with the US and China gets no payment.