Is the economy turning or are investors just optimistic today?

Posted By on July 7, 2010

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Up a week, down the next week. The markets closed with a strong surge of buying today as the approaching corporate earning season is expected to be optimistic . An analyst that I talked with today sees continued volatility for the balance of summer, markets100707but he hinted that projections are for a 17% increase by the end of the year … and nearly 3% of that came today. 

The Dow Jones Industrial Average went back through the magical 10000 mark for the 8th time this year. The DJIA climbed 274.66 points or 2.82% closing at 10018.28  The Standard & Poor’s 500-stock index was up 3.13% to 1060.27 and Nasdaq closed at 2159.47.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.