Everyone is literally walking around dizzy. Nine thousand is a minor mountain top, the air is thin and the view is rare to behold.
Great now let's see 10,000.
Unemployment claims did not have much of an effect today. The numbers were expected, hundreds of thousands of more people are unemployed. Profitable second quarter reports from companies like 3M and AT&T did the bulk of the heavy DOW lifting.
Could the recession really be easing?
Reuters: Dow tops 9,000 as earnings, data fuel rally
...data showed U.S. existing home sales rose in June...
"What I like about the rally that we've seen so far is the breadth of it. It's not really confined to a single sector. It's broadly spread. That gives me confidence."
...U.S. government data showed claims for jobless benefits rose last week, roughly in line with expectations, while continuing claims declined.
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