Gallup Poll - 50% of Americans Are Inconsistent S&P 500, Dow Jones, Nasdaq

NEW YORK - A Gallup poll suggests that 52% of Americans think China has the world's number one economy.

In 2009, China and the U.S. finished in a tie .The standard of living in China is extremely low, with GDP per capita of $4,000, compared to the USA's $47,000. GDP is $14 trillion in the U.S. compared to $5 trillion in China.

In another poll less than 50% of Americans believe China will be the leading economic power in 20 years. Consistency is obviously not an issue with most Americans.

In sum the Gallup poll suggests that 50% of Americans are inconsistent.

Dow Jones closes above 11000 for the second day in a row

The Dow Jones Industrial Average closed above the 11,000 benchmark today even as the market took a small dive near the end of the trading session. Optimistic investors saw this as an opportunity to keep the Dow in positive territory. The average closed up just over 4 points, or 0.02% to finish the day at 11,010.

Down Jones Industrial Average

At early morning most stocks are declining on the Dow Jones. Bank of America is down over 6%. BAC reported a profit of nearly 3 billion and stated that non performing loans declined as charge-offs of loans gone sour fell. Traders sent BAC lower on skepticism of their ability to execute in the future. General Electric reported a profit of over 3 billion. GE's top line growth fell from the previous year which is in focus today by the markets. The markets have sent GE shares spinning 3%. Alcoa is down another 1.3% today in trading news. There is a quiet whisper on Wall Street that Alcoa will be replaced in the Dow Jones. Pfizer is currently level on the day with a quiet whisper on their ability to develop new drugs. This has sent Merck tumbling .36% as a new push by Pfizer means declining sales for Merck.