Stocks Jump
Stocks Jump!
Today was a fantastic day on Wall Street. It seems that everyone was feeling good today. The Dow Jones industrial average rose by 266 points. The price of oil went down by $2.54 to end at $122.19 a barrel. Now hopefully we will start to see some savings at the pumps soon. With the drop at the pumps, this could spark spending at malls. Man, I sure hope the upbeat of confidence today rolls into tomorrow. I will be watching and posting on the results of the Dow Jones industrial tomorrow.
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July 30th, 2008 at 5:51 am
This is good news. I’m a frequent currency monitor. For last 2 to 3 days, USD strengthen compared to all the pairs. Actually, this is a good news for all traders. I just hope it will continue to go back to its former rate.
As for oil $122 is a good news. Can we get $80/barrel again? At least, these oil crisis taught us a lessen to use oil wisely and look for alternative source of energy.