Tuesday, February 21, 2012
A Rebound in the Dow is a Positive Sign
Today the Dow Jones Industrial Average hit the 13,000 mark for the first time since May of 2008. Unemployment numbers are down, housing sales are up, so the Dow responded to positive economic signs. If things are cleared up in Europe concerning their financial woes, the Dow could go above its all time high of 14,164, and keep climbing. That all time high happened in 2007, before the housing/banking crisis crippled the economy. All of this is more proof that the market is resilient, but it just takes time to gain back what was lost. Most Americans have lost a good portion of their retirement accounts due to the blue chips' tumble the past few years, but things are headed in the right direction.
* Some information from CBS News.