Stocks Fall Back after Dow Hits 16,000, S&P 500 Reaches 1,800 | November 18, 2013
From Huffington Post - Dow Jones hits 16,000 for the first time
US stocks buoyed by record profits, and easy money from Fed; rose above l6,000 at DJIA Monday and past 1,800 for Standard and Poors. However, the stock retreated at the end of the day. The experts at Wall St. that the index hesitates when it comes to the round numbers. The stocks have risen 22% this year, the highest since 2003, and has been on the rise for the last 6 straight weeks.
The doomsday prophets have been proven wrong so far.
But the easy money, as expected has fueled the stock market, not the job market nor the development of industries
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