Oct 11th, 2009
Or is it Ups and Ups?
This month the stock market started on a negative note, after going almost straight up since March of this year. While there was a bit of a leveling off earlier in this rally, no substantial correction has happened since March, and the benchmark S&P 500 is up 18.66% for the year.
I thought October might be the month that some kind of correction happened, but as of right now, the S&P 500 bounced off of a couple of poor showings and is now again up for the month, this time 1.57% about a third of the month in.
Interestingly, there’s actually more optimism about the economy than I’ve seen in quite some time. More and more often I’m hearing declarations that the recession is over. It may indeed be, despite the ridiculous unemployment rate right now. Hopefully the optimism will continue to carry the stock market to new highs.
