Friday, September 4, 2009

March 9: Worst Day of the Year

Why do I say this? Because on March 9, the Dow Jones hit a low that had not been seen since April of 1997. On the same day, the S&P 500 hit its own low, again not having been seen since 1997.
But fortunately, it's getting better. After the Dow bottomed out, it has risen up to about 9500, a gain of about 3,000 points. And the S&P has almost doubled its value between March 9 and today.
So, in 1/2 of a year, two major indicators of the country's current economic strength have been gaining strongly. Will this pattern continue? I believe the answer is yes.

1 comment:

  1. well ofcourse it went up after it bottomed out, or else it wouldn't have bottomed out.

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