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Finished over 8k...finally.

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  • Finished over 8k...finally.

    Well, the Dow managed to finish the week over 8000 I don't know if this is a recovery sign or not but am glad to see gains in recent weeks. The market seems to be working upward even with some not so great economic news. I'm crossing my fingers that we're climbing out of the hole but there's a ways to go.
    "Those who can't remember the past are condemmed to repeat it".- George Santayana.

  • #2
    I don't see the bones for a recovery in the economy, this will likely be short lived.

    The gov. is still spending like a drunken salior and unemployment is still roaring along.

    I'm staying in my shell, living frugally and investing.

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    • #3
      Originally posted by maat55 View Post
      I don't see the bones for a recovery in the economy, this will likely be short lived.

      The gov. is still spending like a drunken salior and unemployment is still roaring along.

      I'm staying in my shell, living frugally and investing.

      I know all this but thanks for crushing my hopes
      "Those who can't remember the past are condemmed to repeat it".- George Santayana.

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      • #4
        Originally posted by GREENBACK View Post
        I know all this but thanks for crushing my hopes
        Your welcome

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        • #5
          What Maat said maybe true it's anyone's guess but remember the key economic indicators that Matt's referring to are usually the last ones in the recovery process to show any improvement or turn around. The first turn around in the recovery phase is usually in the stock market and consumer spending. Believe it or not both of those are on track thus far...

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          • #6
            My Roth is only a few cents shy of being in the green . . . but I only started it last fall.

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            • #7
              Originally posted by Russell View Post
              The first turn around in the recovery phase is usually in the stock market and consumer spending.
              Just what I was going to say. The stock market usually recovers at least 6 months before the overall economy. That could have us seeing a recovery toward the end of the year, which is what a lot of folks seem to be anticipating.
              Steve

              * Despite the high cost of living, it remains very popular.
              * Why should I pay for my daughter's education when she already knows everything?
              * There are no shortcuts to anywhere worth going.

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              • #8
                Originally posted by red92s View Post
                My Roth is only a few cents shy of being in the green . . . but I only started it last fall.
                My investment portfolio (my play money) is positive too! One stock is up 10%, the other 33%.

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