The recession is supposedly over and everyone is cheery yeahhhhhhhhhhh! Ok, that’s enough excitement and let’s get down to what’s really going on. The S&P was on fire today up 23 points to 1066 on news that GDP is up 3.3%. Buyers came out of hiding today and showed support to the market. Of course I have a big mouth and a few things to get off of my chest. Healthcare is still issue and has divided most of Washington causing healthcare stocks to sea saw. The fact is many small business owners cannot afford to give employees healthcare. This in turn means many employees can’t take a chance with startup companies. Unemployment rates are still rising but may ease the end of next year; especially if the economy keeps growing. Remember, day traders are in it for the long haul and there is no need to hit a home run; a base hit every few days adds up.

This entry was posted on Thursday, October 29th, 2009 at 9:56 pm and is filed under Financials. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.