True, it might go right back down tomorrow, but I have to say that this is a nice little psychological boost.
But it’s not just psychological.
Look at the 52 week spread in that picture…at this time last year we were down to 6,469. That’s a pretty significant jump in just one year’s time. Not only that, we were hovering around 8,000 in July and gained 1,600+ points since then (a 20% increase).
I don’t know about you but my 401(k) is looking a lot fatter these days.
So between this and the news about the recession…can we get some agreement that things are starting to look up?
More as it develops…