Market Rallies to 9,000
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. 🙂
Though many stocks retreated during today’s open market trading, are we gradually progressing in the right direction? Or will the blue chip index be back in the 8,000-point range by next week? With the debate on healthcare reform, a newly announced plan to improve America’s school system, Obama’s approval rating regressing, and threats from overseas… I wouldn’t be surprised if the latter possibility prevails.