Saturday, June 19, 2010

Friday June 18th 2010

DOW up 16.47 to 10450.64
Nasdaq up 2.64 to 2309.80
S&P 500 up 1.47 to 1117.51

The Dow finished up on the week for the second straight week showing the recovery resuming in a very minimal way however. Gold hit a record high once again and unemployment went down in 37 states. Obama expressed his thought of how the GOP was making life very difficult for the unemployed. I read an article recently that companies are not looking to hire unemployed people and only look to hire those who already have a job. This is complete BS as many people are still unemployed and is not easy to find a job in the current economy. Anyways, China announced more exchange rate flexibility although the strike has begun to affect car maker Toyota.

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