Dow Above 13,000 / NASDAQ 3,000
The Dow Jones Industrial Average is an index that is made of 30 stocks which are a general representation of US economy. The index consists of companies like McDonalds, Wal-Mart, Home Depot, Bank of America, and Procter & Gamble. The Dow being above 13K is significant because some consumers like you and me are feeling a little bit better as we watch our collective investment wallets head in the right direction. If you are invested in the markets through a personal account, 401K, IRA or some other investment vehicle chances are they are all doing better. To put this in perspective the last time the Dow was at this level was in May 2008. Or this may help, when things were really bad a few years ago the Dow was at 6,547 on March 9, 2009. That was four years ago the stock market was where it is today, so we've come along way. I almost forgot the NASDAQ, which is an index tracking primarily technology stocks. The NASDAQ briefly hit 3,000 a level it hadn't seen in about 12 years!!
URB Investment Tips: My take away is that this is proof as why you usually want to stay invested in the markets and to not be scared away by the big swings. I also want to mention that this is a good time to cash in a few of your BIG winners. In short, I've been impressed by the momentum of jobs and have enjoyed this ride up in the stock market. I will be watching closely because I think we've come along way and worked hard to get here and I think the market may take a deep breathe and pull back (i.e., decline in price) a few months from now.
Here are a few themes from my latest quarterly stock picks:
~ Beaten down stocks
~ Pharmaceutical stocks
~ Gold Miners stocks
Stay tuned, they'll be released shortly.
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