Market Optimism Roaring Back

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OK, it is promising here, but how much of our recovery depends on Global recovery? and vice-versa.

Brinson Hood of MO 4:30PM March 27, 2009

Early Jan 2009 - DOW at 9000
Early March 2009 - DOW at 6500
Late March 2009 - DOW at 7800
Not yet a recovery, but some optimism is warranted. If this is sustained and plateaus at 9000 to become the new floor, then we're on our way to a genuine recovery! But this could be the natural ebb and flow of market speculators who are not in this for the long haul like institutional and retirement investors. Let's not get too overjoyed for at least another quarter of hindsight.

Tony Lee of CA 3:29PM March 26, 2009