Maybe the recession really is over?!?

[scooterbug44]

The stock market gained 7.7% in the month of September - the best in 71 years!

"The Dow gained 7.7 percent in the month, making it the strongest September since 1939, at the dawn of World War II. However that runup followed a dismal August, and the Dow is still only up 3.5 percent for the year and is 3.7 percent below its closing high for 2010 reached on April 26.

Major indexes have been surging all month on signs of incremental improvement in the economy, which have allayed worries that the country would fall back into recession."

Stocks end best September in 71 years down - Business - Stocks & economy - msnbc.com

 

[30ashopper]

Feels more like we are treading sideways to me.

 

[Koa]

If it's the DOW which is up 7.7% for the month, maybe people are shifting $$$ from other riskier stocks to the DOW. Also, you have to ask if portfolio managers are trying to make their picks look pretty for the end of a quarter. Being up a little bit after being down a lot doesn't indicate a recovery.

 

[Koa]

Anyone see the new Wall Street movie?

 

[scooterbug44]

Feels more like we are treading sideways to me.

I can certainly agree with that - was just surprised by the article and it was verified by my September statement.

 

[30ashopper]

I can certainly agree with that - was just surprised by the article and it was verified by my September statement.

We're at an interesting point. By the end of the year we'll see what the larger trend looks like. We've been in wide trade band for most of the year. On the DOW, 10K - 11K. Look at a one year to see it.

 

[passin thru]

Sorry, but the DJIA being up 7.7% has essentially nothing to do with whether the recession is over in our household -- or that of most of our friends -- who are trying to make a living here along 30-A.

 

[scooterbug44]

Technically the recession ended in June 2009 - but it sure hasn't felt that way to me. I think the whole BP oil cluster definitely skews it locally.

This was a positive statistic that actually jibed with my firsthand experience so I wanted to see what others thought.

 

[Smiling JOe]

I don't think the recession ended in 2009. I think the economy was, and is, propped up by the gov't.
One month increase of any market means nothing in the big picture.

 

[scooterbug44]

The "Great Recession" went from December 2007 to June 2009.

I said "technically" because I think it is mostly a statistical measurement, not a great indicator of the basic economy.