More good economic news:
Inspired by a bigger-than-expected rise in factory orders, investors sent stocks sharply higher Wednesday, taking advantage of lower prices after last week’s declines and extending the market’s advance to a second day. The Dow Jones industrials surged 101 points.
Surprisingly strong sales at Starbucks, brokerage house upgrades and a legal victory for Merrill Lynch contributed to the gains.
“The market continues to look forward to better economic news in the second half of the year,” said Lynn Reaser, chief economist and senior market strategist, Banc of America Capital Management. “(Investors) are beginning to believe the recovery story and want to be invested to profit from it.”
Keep your fingers crossed and keep going to work. Looks like we are on our way out of this.