New York – Stocks recovered from a lower start Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
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Getting the market off to a jittery start after the three-day weekend, the decline in housing prices showed no signs of letting up and there were reports that North Korea fired two short-range missiles.
Still, the Dow Jones Industrial Average was up about 200 points, or more than 2 percent. The S&P 500 and Nasdaq also gained, with the Nasdaq logging the best gains of the three indexes.
Anyone who thinks the action of any stock market index on any particular day is actually significant has no business owning stocks.
To all those Obama haters, here is your chance to appologize and thank him. The end of the reccession is near.
And therefore what? Is the movement of the stock market some kind of voodoo or kishuf? The whole thing is collapsing under the weight of printed money, which will eventually lead to a New Dollar or Amero.
I happen to be a nice player in the market….(In the 6 digits) let me tell you I made some real nice money…..but please don’t put in what you don’t have..a smart man told me that you’re only aloud to play with about 10 percent of your money so people don’t gamble!!! Because you hear that somebody made a quick buck….