Beginning of June maybe the beginning of a new start for the Economy’s Uprise

I was on cnnmoney.com pretty much all day and a min ago ( I started writing this post at 4:08pm) Ben Rooney posted a new article that gives us fresh insight into the economy. It looks like there is massive growth being recorded in the stock market. He reports an increase of 2.6%, 2.7% and 3% for Dow, S&P, and NASDAQ composite respectively. It was mainly industrial and technology stock that led to a growth in the stock market.

There was also an increase in the per gallon price of oil, but, at the same time the US dollar continued to weaken in comparison to other currencies.

Ben Rooney quoted Phil Orlando, chief equity market strategist at Federated Investors saying something on the lines of this being the highest point of the recession and that economy is on it’s way to recovery. I agree with him to a certain point. Yes, it is a great sign of recovery, but, what about the huge amounts of bad debt in the economy? Just a personal insight. In all, any signs of recovery, small or big, is one step toward an uprising economy.

I’d like to end this post by just saying this article is a must read and any comments are welcome.

Here is the link:

Stocks Start June With A Bang

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