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Friday, April 9, 2010

Show me the money: Recession over? Nah, it can not be!

Well,this was a good friday! DOW hit 11,000 for the first time in 18 months! It is official... recovery is happening! It has not been this high since September 2008, which was the worse phase of the financial crisis! A finish of 70 points,you can not beat that!

So how did this boost happen? Possibly by Greece finance minister and head of the European Central bank giving a reassuring statement that improvement is occurring. Major European indexes were higher, but still the dollar fell against the Euro. The Euro has weakened recently because of concerns that Greece may default on its debt. We hope this does not happen.

On a happier note,rising commodity prices help energy and material stocks to increase in value. The DOW hitting 11,000 points is most important to individual investors as opposed to professional money managers. Now, if the DOW can get to its 14,164.53 peak of October 2007, we are talking business! Show us the money!

Until next time,


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