Wednesday, April 25, 2007
DOW Hits 13000
For reasons I can't fathom, the Dow Jones hit a new record based on good news from various corporations. I am no economist, but I don't really understand the reason for the high value. The real estate market is suffering a hit for the first time in decades, the dollar is losing value worldwide, rather then 1:1 or greater ratio it used to enjoy. Customers are spending but not quite as crazy as use to. I don't know, it just seems there really isn't a solid foundation for the current boom that is occurring and thinking some correction is on the horizon. Hopefully the correction will be small.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment