News, analysis and personal reflections on the markets & the financial sector

Thursday, July 23, 2009

Dow Breaks 9000 for the First Time Since January

Gains continue a rally that has driven the stock market up 44 percent since its March 9 low, including an 11 percent gain in the last two weeks.
It's important to notice that the Dow manage to cross its 50-week moving average for the first time since late 2007 (see chart above). The S&P500 has a similar chart and it has crossed its 50-week m.a. for the first time since late 2007

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