Dow highest this year. Will it last?

November 9th, 2009, 4:27 pm · 4 Comments · posted by Mathew Padilla

The Dow Jones industrial average rose to its highest level in 13 months Monday as a falling dollar boosted prices for gold, oil and other commodities. Stocks also got a boost from anticipation governments around the globe will keep interest rates low to help their economies.

The world’s most watched stock index jumped 200 points for the second time in three days, closing at 10,226.94, or about 2% above Friday’s level. Read more from the Associated Press, HERE.

However, some market watchers say the economy is not out of the woods yet, and they say stocks may lose some of the ground they just gained. The nation’s unemployment rate recently hit 10.2 percent, the first double-digit jobless reading in 26 years.

What do you think?

Will the Dow retreat?

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Posted in: O.C. business news

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NoFreeLunch says:

November 9, 2009 at 6:05 pm

This is about the time the small investor jumps back in as financial advisors and CNBC tells everyone don’t be left behind. Just when mom and pop invest in the market the bottom falls out. The big boys on Wall Street do not play by the same rules the little guy does. They have information and trading strategies that guarantee the house will always win. There is a major disconnect between Wall Street and Main Street. I would be careful; hope does not pay the bills.

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snarf says:

November 12, 2009 at 9:52 am

Yes. Load up Main St. suckers on the tail end while market makers unwind. Pump into December so 401K’s improve, people feel better and max out credit cards for the holidays. Early 2010, bottom falls out.

Key phrases- dollars on the sidelines, green shoots, jobless recovery, housing market bottom. Wave American flag for emphasis.

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