Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, September 14, 2009

Manic Monday

Today started slow for stocks. However, stocks drifted higher continuing a longer-term trend of investors shifting money into riskier bets as the financial crisis and recession show signs of healing. General Electric rose 4.6% as we see that industrial and commodities-oriented stocks have helped rally the broader market recently on optimism about a global economic recovery. A flurry of dealmaking activity in recent weeks has helped give investors some confidence that financial markets are returning to normal functioning after the collapse a year ago of Lehman Brothers Holdings. Stocks rallied to the highest levels of the year last week and the dollar declined. DJIA +21.39 S&P 500 +6.61 NASDAQ +10.88