Ruling the Centre since 2006. The Life and Times of a country called Canada. Politics, Culture, and More.

14 October 2009

Dow closes above 10000

Its been a long year, but the Dow has closed about 10000 for the first time in over a year.

http://www.msnbc.msn.com/id/3683270/ns/business-stocks_and_economy/

Its good news, its a psychological barrier that the US Economy has overcome. But, we aren't out of the woods yet. Stock Markets are generally a leading indicator, but the recovery won't be on its way until the unemployment rate drops, which unfortunetly for the unemployed masses, is a lagging indicator.

Maybe, just maybe, we have a reason to be hopeful, and hopefully by next Thanksgiving, a reason to be thankful.

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