To: BJungNan
Here's the best part: The Dow's latest achievement did not come without setbacks and volatility -- the index lost 416 points in a single session on Feb. 27 amid fears that the U.S. economy would fall into recession and that China's economy would slow as well. Wall Street has since had periodic shudders over signs that inflation might be getting out of hand -- a trend that would lead the Fed to resume interest rate hikes -- and over data showing weakness in the housing market. Just two weeks ago, the Dow fell nearly 90 points after minutes from the last Fed meeting showed the central bank's level of concern about inflation. Inflation could re-emerge as an obstacle to the stock market's uptrend if energy costs keep surging. On Wednesday, crude oil futures settled up $1.26 to $65.64 per barrel and gasoline futures rose to 8 1/2 month highs on the New York Mercantile Exchange, after the Energy Department reported a decline in U.S. gasoline inventories.
11 posted on
04/25/2007 1:50:45 PM PDT by
scottdeus12
(Jesus is real, whether you believe in Him or not.)
To: scottdeus12
The Dow's latest achievement did not come without setbacks and volatility -- the index lost 416 points in a single session on Feb. 27 amid fears that the U.S. economy would fall into recession and that China's economy would slow as well.
And I jumped in and invested the rest of the cash I had sitting on the sidelines at that sweet sweet buying opportunity.....
51 posted on
04/25/2007 3:42:58 PM PDT by
Kozak
(Anti Shahada: " There is no God named Allah, and Muhammed is his False Prophet")
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