Dow in sight of new riches!
It seems improved days are ahead for the American economy. After long and uneven days on the bourses, a ray of hope has arrived, at least for the stock investors in US.
Dow mounted to a new crest in a short time after the opening bell was rung. Least was expected that it would break through the levels last seen in 2007.It seems that the New Year would witness further extension to the rally in continuance with the year 2013.
Dow has risen above 14,198.10 till now. This is the all time high for intraday trade in Dow. The last record was set at 14,164.53 in October 2007.
Although, it is to be seen further if the sudden surge would be able to maintain the rally till the end of the day.
However, it is highly eminent that Dow would surely end the day on the right note and the cheer among the investors wouldn’t subside for days to come.
Interestingly, US administration is observing a strict spending curb but a loose monetary policy across the world is more than enough to push the markets forward.
According to the most financial experts worldwide, the money pouring into the American stock market at the moment is fresh and doesn’t find way from struggling bond market as most feared.
The Dow has gained more than 8% till first week of March this year and is all set to gain more, as investors feel equities to be a safe bet till world economy recovers completely all over again.