Thoughts on the Dow Jones over the 9,000 mark. Stock Market Performance: Any Cause To Rejoice? At the beginning of this month, I wrote an article inquiring whether the economic downturn was over . I wrote about the use of an interesting economic indicator that could herald the end of the slump if you take stock of what some economic analysts are saying. That indicator is the jobless claims number — once it peaks, then falls, it’s supposed to signal the bottom of the recession — and as they say, there’s nowhere to go but up! But that article attracted a lot of cautious responses. People told me to “listen to my spouse” who continues to be skeptical about all this talk of recovery, and who still believes that we’ve got a ways to go with this recession. His view? Got to wring out all the negativity that’s still weighing upon the fundamentals: massive deficit, foreclosures and bad loans, loan defaults, tottering banks, unemployment
Read more here:
Great Stock Market Performace, But Will Dow 9,200 Hold?
