S&P 500 hits record (Reuters)

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http://d.yimg.com/us.yimg.com/p/nm/20070713/2007_07_12t061338_450x300_us_markets_stocks.jpg?x= 130&y=86&sig=jP4sOGA6loiMJoZGnKpPkw-- (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20070713/bs_nm/markets_stocks_dc)Reuters - The S&P 500 index (.SPX) climbed to a record on Friday, surpassing levels reached during the Internet bubble, as General Electric Co. increased a stock-buyback plan and data showed improving consumer sentiment.



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[Cookie Parker]

I think the stock market reflects more of the wealthy and the wealth of corporations. The alleged confidence in consumer sentiment was hopeful..as June retail sales plummeted further than anyone thought...

http://news.yahoo.com/s/ap/20070713/ap_on_bi_go_ec_fi/economy;_ylt=AsNM7ooMErvkXqOEBQMR5CCyBhIF


and, the euro passed us in value...

http://news.yahoo.com/s/afp/20070711/bs_afp/forexus;_ylt=AsSEKFlkJt9NFjsOTtaUV5rv5rEF

The stock market does not affect the 90% of us not wealthy. It is our retirement system, so it could take a downturn at any given.

All this news is is to try to get Americans out there spending...to get the wealthy wealthier....IMHO