5:05 AM
Aniket Kumar
The stock market has gone mad today today positive durable goods report. Dow Jones Industrial Average ended the day up nearly 200 points. NASDAQ closed day, more than 50 points to close yesterday. There are many things that are here that any investment strategy should be considered.
First, this rally probably will not last. In the short term, operators can leverage this trend to mount, then cut Monday. But many experts believe it is temporary, if investors and traders should play that way.
Durable goods report was positive. Overall, negative numbers, but when you filter the transport sector, which is very unstable, adjusted for the number was positive last month. It 's a good sign, but can not be interpreted as the economy grows more than what they said.
The major investment banks went out to the economic growth of between 1-2% downgrade for the rest of the year. And big investors like Warren Buffett came out and said that while the recession is officially declared over since June 2009, we are still functional in a recession.
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