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Market Watch at 08/23/09
Last Friday, The DOW rose 155.91, to 9505.96, while Nasdaq rose 31.68, to 2020.90
Ben Bernanke said what investors wanted to hear, that the economy is indeed on the verge of recovery.
They responded with a rally that sent the indexes to a new highs for the year.
Next week, investors will get two key reports on consumer confidence that, if worse than Expected, could easily upset the market’s gains.
Everyone understand, as long as job losses continue to mount, it will be difficult for consumers to feel comfortable about spending freely. Market will go up and down always.
Analysis have long warned of an eventual deline in stocks after the Market’s massive jump since early March, during which major indexes have risen more than 40 percent off of 12-year lows.
We don’t know when market will have a correction or pullback, But It’ll come someday.
Last Friday, The DOW rose 155.91, to 9505.96, while Nasdaq rose 31.68, to 2020.90
Ben Bernanke said what investors wanted to hear, that the economy is indeed on the verge of recovery.
They responded with a rally that sent the indexes to a new highs for the year.
Next week, investors will get two key reports on consumer confidence that, if worse than Expected, could easily upset the market’s gains.
Everyone understand, as long as job losses continue to mount, it will be difficult for consumers to feel comfortable about spending freely. Market will go up and down always.
Analysis have long warned of an eventual deline in stocks after the Market’s massive jump since early March, during which major indexes have risen more than 40 percent off of 12-year lows.
We don’t know when market will have a correction or pullback, But It’ll come someday.
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