Toe Tappin' Thursday

Here at New Perspectives, we are doing a dance today! The DOW is up over 2% and crosses 9000 points. It was been a long time since we have seen this kind of performance. Several big things led to this rally. The rally was sparked by good news being released about profits and housing. For example, today Ford posted a $2.3 billions profit for the second quarter, and GM is seeing global sales really pick up. Another fuel to the fire today is that a better-than-forecasted report on claims for unemployment benefits was released. We are relieved and excited to see our economy and markets beginning to really pick up after such a hard time. DJIA +188.03 S&P 500 +22.22 NASDAQ +47.22