The DOW Gains Nearly 1,400 Points!

By
Real Estate Agent with Preview Properties Skagit LLC

Make no mistake!  The economic recovery is well underway in this country!

From March 2nd, 2009 through April 22nd, 2009 the Dow Jones Industrial Average (the DOW) has gained a whopping 1,395 points.  Not bad for less than 8 weeks!

It certainly has been a rough 12 months that has affected the entire nation.  Just a year ago, the DOW was around 13,000 points.  An incredible amount of wealth in this country has been lost over the last year.  I'm not losing sight of that.  However; a recovery or rebound is clearly visible. 

On March 2nd, 2009 the DOW was at 6,626 points compared with the 8,021 points during today's trading just a few minutes ago.

It is time to get going with the American Dream again!  Invest in a house, buy some stock, get yourself or your family a nice car or something.  The bargains out there are amazing. 

The news reports are still mixed.  There are still many good signs as well as bad, but like all of the other recessions America has ever faced, this recession will end.

This is America!  It is time for our people to remember that!

Chart from MSN's Money Central. Click here for their current chart.

Data/Chart Source: MSN Money Central. Click here for the current chart.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Washington
Tags:
invest
america
american dream
dow
house
economy
economic recovery
buy
stock

Comments 22 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
436,773
Paul McFadden
Mortgage Loan Officer, Bellevue Washington Home Lo
Alaska USA Federal Credit Union

Bill: Thanks for the post. I too am encouraged by the Dow coming off its low point. The only thing that troubles me is the number of high-paying jobs that have been lost recently. I know 3 people fairly well who lost their jobs. These were white-collar well paid positions. I have never seen this before in all my working years. It's a little scary; the high-paying jobs are usually the most sacred but not today! Take care.

April 23, 2009 12:35 PM
Rainer
25,679
Casey Wright
WingWire

I like your optimism, but I think Bill and Norma are right on target--the DOW is not a perfect indicator of what's happening in our economy. Unemployment, consumer spending/confidence, etc continue to make recovery difficult. Also, I think it's likely that the DOW is responding to all of the legislation passed in the first 3 months of this year. If the legislation does not work, we probably won't know until late Summer (when we may see another drop). 

April 23, 2009 02:37 PM
Rainmaker
692,982
Chuck Carstensen
Minnesota Real Estate Expert
RE/MAX Results

I have noticed that some of muyer buyers searches are returning no homes. Meaning the prices have stopped falling somewhat.

April 23, 2009 04:01 PM
Rainmaker
246,928
Heather Chavez
Real Estate Virtual, Assistant (928) 692-3235
Second Self Virtual Assistance

I certainly hope you're right, too, Bill.  This has been one of the hardest recessions I have been aware of.  I know we had a big hit in our construction/real estate market in Southern California in the early 90s.  This has been much harder than that.  I appreciate the optimism, though.

April 23, 2009 07:16 PM
Rainmaker
1,238,536
Charles Stallions
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
Charles Stallions Real Estate Services

What was last year at this time or the year before. Do you think we will gain the money we lost.  Sell in June, early July because in late July - August it is going down for the count baby.

April 23, 2009 07:52 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
92,793

Bill Sauneuf

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information