Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, August 07, 2009

Fantastic Friday

The job loss report that investors were worried about is not as bad as expected. The stock market performed very well today because of a better-than-expected job report. So well, in fact, that President Obama announced that we may be survived the worst of the recession! Stocks rose today to the highest levels since November after having boosted sentiment. Ultimately, we are continuing to find evidence that the economy is rebounding, and today's markets are a good sign of that! DJIA +113.81 S&P 500 +13.4 NASDAQ +27.09