With things like minimum wage going up ($7.25/hr) and the housing market showing promise, the Dow Jones Industrial Average finally pushed above the 9,000 point mark for the first time since early January. In addition, my investment in Ford also reached a milestone by breaking the $7/share mark (first time since May ’08). Needless to say, I’m pleased.
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It’s interesting to note that a year ago, General Motors’ public shares were being offered at over $16/share. If you go back over the years, it was heralded by many as one of the most powerful American companies with its capital, human resources, and sound plans for future. No wonder it was easily selected as one of the 30 components of the Dow Jones Industrial Average. Read more
Today was a pretty routine day – woke up, did a lot of laundry, cleaned up around the house, went to the gym, fertilized our vegetable plants, and helped my mom cook dinner. Throughout the day, I kept my eye on the stock market, and it’s sad to say, but we’ve reached a point where our economy has dipped down to 1997 levels.
Whether or not I agree with the upcoming stimulus package is irrelevant – some form of it will ultimately get passed in the next few days. It’s an exciting yet nerve-wracking week for investors who are trying to earn the most profit out of the initial phases of this bill. I have spent much of yesterday and the majority of this morning readjusting some of my investments, depositing more funds, scratching my head in confusion, and realizing the gamble.
