Wednesday, September 16, 2009

Rise

Another day of gains as the DOW closed at 9,791 and the S&P at 1,068.

Its interesting to note that shares of healthcare companies rose after Baucus said his bill could pass.

What do we make of that. The fear is gone, the bill must have multiple concessions because corporations are not flinching one little bit.

Reuters: Wall Street rises for third day on economic optimism
...following economic data that suggested a stronger-than-anticipated global recovery.

U.S. industrial output advanced for a second consecutive month in August, while a government report showed a bigger-than-expected drop in crude inventories last week, indicating higher demand.

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