Friday, March 13, 2009

Can WE Have A Little Applause

That's one. The three major indicators were up for the week. The DOW finished at 7223.98 or up 9% for the week. The S+P finished at 756.65 or up 10.7% for the week. The NAS finished at 1431.50 or up 10.6% for the week. To fully understand what that means we have to look at the Dow Jones 5000. Which is nearly all stocks traded in the US. It was up 10.7% for the week. That is a value gain of 900 billion dollars. Was the over all news this week that good? The fundamentals haven't change, and it shows. The volume over all for the % change increase was weak. Until the fundamentals change, what goes up, well you know the rest. Until we start to see a good percent change in the unemployment numbers. I don't believe you'll see the market keep going up. Employment is what we need for things to really turnaround. Maybe I'm wrong. Maybe this is the turning point. In which case do we really need to use more Tarp money? I believe that we didn't need the tarp money in the first place. I believe a lot of the economy was stemmed by fear. People pulled their money out of the market, put it under their bed and just weren't spending.

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