Market ObservationMay 8, 2009by Tim W. WoodSince the March 6th intra-day low at 6,469.95 the Dow Jones Industrials have advanced 32.79% into their recent high at 8,587.55. The Transports bottomed on March 9th at 2,134.21 and have advanced 59.70% into their recent intra-day high at 3,408.28. During this time the S&P 500 has advanced 37.9% and the Nasdaq 100 also advanced some 37.9% into its recent highs. Then, there is the CRB Index which is up some 20% from its February lows and crude oil, which is now up from its February low some 68%. Yippee! Obama has saved the world. The job numbers were better than expected. The bear market has ended and the economy is now on its way to recovery. Full article | Reality CheckNew episode: April 30, 2009This time on Reality Check, Richard Loomis and Jim Puplava examine proposed taxes on energy production and consumption in the U.S. and its threat to the economy.
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