True, it might go right back down tomorrow, but I have to say that this is a nice little psychological boost.
But it’s not just psychological.
Look at the 52 week spread in that picture…at this time last year we were down to 6,469. That’s a pretty significant jump in just one year’s time. Not only that, we were hovering around 8,000 in July and gained 1,600+ points since then (a 20% increase).
I don’t know about you but my 401(k) is looking a lot fatter these days.
So between this and the news about the recession…can we get some agreement that things are starting to look up?
More as it develops…
This entry was posted on Wednesday, October 14th, 2009 and is filed under Economic recovery, Economy, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.