http://www.wekgna.com/blog/index.php/dow-have-been-climbing-for-the-past-4-days/ We are all in a Prison Call "Life" Mon, 23 Jan 2012 14:40:08 +0000 hourly 1 http://wordpress.org/?v= http://www.wekgna.com/blog/index.php/dow-have-been-climbing-for-the-past-4-days/comment-page-1/#comment-44270 Rich Dansereau Fri, 13 Mar 2009 18:03:02 +0000 http://www.wekgna.com/blog/index.php/dow-have-been-climbing-for-the-past-4-days/#comment-44270 This is the kind of positive economic story we need. Thanks for pointing this out. I just wrote a post on the very same thing. In that post I linked to your main website and this individual story. This is the kind of positive economic story we need. Thanks for pointing this out. I just wrote a post on the very same thing. In that post I linked to your main website and this individual story.

]]> http://www.wekgna.com/blog/index.php/dow-have-been-climbing-for-the-past-4-days/comment-page-1/#comment-44269 chameleon Fri, 13 Mar 2009 05:38:49 +0000 http://www.wekgna.com/blog/index.php/dow-have-been-climbing-for-the-past-4-days/#comment-44269 The climb for the last three days should have been expected - the Dow hit a major support level Tuesday. The logical response to that was either a steep slide down or a climb back up - hitting the support level triggered a lot of buy action from people who have been waiting for prices to "get low enough". I don't believe that the recovery of the market signals the recovery of the economy - we've got a long way to go and a lot of fixing to do. The whole boom-and-bust cycle is a symptom of a broken economy, and one that people have been using to get rich at the expense of the world's health. When the market starts soaring, I start worrying, honestly. The climb for the last three days should have been expected – the Dow hit a major support level Tuesday. The logical response to that was either a steep slide down or a climb back up – hitting the support level triggered a lot of buy action from people who have been waiting for prices to “get low enough”. I don’t believe that the recovery of the market signals the recovery of the economy – we’ve got a long way to go and a lot of fixing to do. The whole boom-and-bust cycle is a symptom of a broken economy, and one that people have been using to get rich at the expense of the world’s health. When the market starts soaring, I start worrying, honestly.

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