DJIA hovers on the 10000 mark
Posted in Dow Jones Industrial
The Dow started the week with an expected loss before rebounding towards the even mark. The financial markets are still troubling the Dow and global markets while energy and futures are up. The financials and BAC continue to haunt the life out of the Dow and the ghost of financial mismanagement will probably be around until mid-spring. Keep in mind that Obama´s coutermeasures are still not even live.
Asia is weak and Europe is a storm waiting to erupt from debt. The bottom line here is that the stock markets are not buoyant and the Dow must be expected to stay below the 10000 mark. This is not recession and it is not recovery. This is progression.
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