OK, it is promising here, but how much of our recovery depends on Global recovery? and vice-versa.
Brinson Hood
of MO
@
Mar 27, 2009 16:30:01 PM
Incomplete picture, but right direction - upwards
Early Jan 2009 - DOW at 9000
Early March 2009 - DOW at 6500
Late March 2009 - DOW at 7800
Not yet a recovery, but some optimism is warranted. If this is sustained and plateaus at 9000 to become the new floor, then we're on our way to a genuine recovery! But this could be the natural ebb and flow of market speculators who are not in this for the long haul like institutional and retirement investors. Let's not get too overjoyed for at least another quarter of hindsight.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Brinson Hood of MO @ Mar 27, 2009 16:30:01 PM
Tony Lee of CA @ Mar 26, 2009 15:29:15 PM
Back to blog