Dow spikes to 13-month high and a bit of My Stock Market Investment History

Dow spikes to 13-month high

http://money.cnn.com/2009/11/23/markets/markets_newyork/index.htm

"Since bottoming at a 12-year low on March 9, the Dow has gained 60% as of Monday's close. In that same period, the Nasdaq gained 69% and the S&P 500 gained nearly 64%.

Housing: Existing home sales in October surged to the highest level since February 2007, according to a National Association of Realtors report released Monday morning.

Sales rose 10.1% in October to a seasonally adjusted annual rate of 6.1 million units, verses a revised 5.54 million units in September. Economists expected sales of 5.7 million units, on average.

The strong sales were largely driven by buyers trying to tax advantage of the government's first-time homebuyer tax credit, which was initially due to expire at the end of November. The credit has now been extended to the end of April and includes a broader range of buyers.

Investors have been looking for the economic news to confirm what many economists say: The recession, which began in December 2007, is over. In particular, a recovery in the housing market is critical as the credit crisis and housing market collapse deepened the economic crisis."

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From: Danny Hunt [mailto:dannyhunt@gmail.com]
Sent: Thursday, March 27, 2008 9:00 AM
Subject: my advice to my friends

If you have investments and haven’t already moved them to Guaranteed funds I would advise you to do so ASAP.

I’m not an economist or economic advisor and it’s just my personal advice.

If you do speak to an economic advisor some may even tell you that now is the time to buy and of course some will tell you to do what I have as well.

I hope that I’m wrong and we’ll probably know in a few months.

Have a great day.

Danny

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From: Danny Hunt [mailto:dannyhunt@gmail.com]
Sent: Thursday, March 12, 2009 1:29 PM
Subject: My First stock Transaction

Hi

I made my first stock transaction today.

I also bought back into some mutual funds.

Have a great day.

Danny

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From: Danny Hunt [mailto:dannyhunt@gmail.com]
Sent: Friday, March 13, 2009 1:41 PM
Subject: My First Stock Trade - Dow Jones Hits Bottom at 6,547.050

http://www.ireport.com/docs/DOC-229123

I moved back into the market on March 12, mutual funds, and also did my first online stock transaction.

I'm using questrade, probably the cheapest stock trader out there.

This is my opinion and I'm not an economist or stock trader but based on economics, predictions, and speculation I'd say the DOW has hit bottom at 6,547.050

"what you are saying is like blowing holes into the titanic, then abandoning ship after it sinks 35%, then saying the people on board trying to rescue the ship caused it to sink another 15%, and actually hoping it sinks all the way!?"

It looks like a few holes got patched up and the engines are back online, the titanic stopped sinking.

At present time, Friday 13, 2009 almost 1:30, the DOW just got into green after being down this morning, watch for an afternoon rally.

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