Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, July 30, 2009

Thursday

Today, we saw a big rally in our markets after two days of losses. In general, this rally is contributed to the fact that second quarter earnings continure to top estimates. In the Dow, today was the highest close since November 4. We are now up 40% from the 12 year closing low we reaching in March. Specifically, the rally was led by the 6.9% surge in General Electric. It looks like they may make it after all. Also, Motorola soard 9.4% with a $26 billion profit when analysts were expecting a loss. All is well in the world today, it seems! DJIA +83.74 S&P 500 +11.6 NASDAQ +16.54