Summary
Did you love your spouse any more the day after that milestone anniversary than the day before? Probably not. And thats why Americans should not get too excited about the Dow Jones Industrial Average closing above 10,000 on Wednesday and nudging higher on Thursday.
The number sure sounds good. Americans havent seen it for a year, and as one economist said, passing 10,000 on the way up is more fun than passing 10,000 on the way down. The Dow is on a roll, climbing 53 percent since bottoming out at 6,547 on March 9. Many retirement portfolios are rallying big-time. ABC News reports that mutual fund investors have recovered almost $1.5 trillion in losses since March 9.See the full content of this document
Extract
In Our View: Hold the Confetti
Still, well keep our confetti in the bag, for several reasons. Lets remember that what happened on Wednesday actually occurred for the firs...
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