Dow Gains Nearly 1,400 Points!

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!

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

The Economic Recovery Has Begun!

Hey Everybody,

Today, the Commerce Department announced that U.S. housing starts jumped a staggering 22.2 percent to an annual rate of 583,000 units last month. That is the biggest percentage rise since 1990.

Housing (banking) led us into this economic mess and it will be housing that leads us out of this mess...

Last week, CitiBank shocked everyone by turning a profit.

This week, home builders shocked everyone by actually building homes again. This announcement comes as the first gain in housing starts since April of last year.

Wall street understood the meaning of this announcement and posted a 178.73 point (2.48%) gain for the Dow, NASDAQ posted a 58.09 point (4.14%) gain, and the S&P 500 gained 24.23 points (3.13%) on the Commerce Department's great announcement.

All last week, I was reading stories by the various so called experts saying that this month's housing news from the Commerce Department will be more bad news... In reality, this day or this week may well mark the turning point in the market. 5 out of the last 6 Wall Street sessions ended the day in the green... The economic recovery has begun!

Here are some of today's stories.....
- Wall Street Journal - Home Building Rebounds While Wholesale Prices Rise
- CNN - Housing Starts Unexpectedly Surge
- Fox Business - Pleasant Surprise: Housing Starts Surge 22%
- Reuters - U.S. Housing Offers Hope For Economy
- Yahoo - Surprise Jump In Housing Starts Ignites Wall St. Rally