I hate to borrow a line from Bill Clinton, but it just seems too appropriate not to.
The DOW has had an average monthly gain of 636 points for the last 4 months. (3/2/09 it closed at 6,626.94 and 8/1/09 it closed at 9,171.61). During trading today, I saw the DOW at 9,490 as the momentum keeps marching on.
Residential Home Sales in Skagit County with transactions "Pending" gained 37.93% comparing June 2008 with June 2009, according the Northwest Multiple Listing Service's Monthly Recap for June 2009. June 2008 had 116 residential homes with transactions "Pending", June 2009 had 160 residential homes with transactions "Pending") The same report shows a 22.77% gain in Pending Sales across the whole NW Multiple Listing Service, which represents the bulk of the State. Way to go Washington State!
The Federal Government's "Cash for Clunkers" program is so wildly successful that they nearly used up the One Billion Dollars in the first week of the program. At the $4,500 maximum per car, this represents over 220,000 "clunkers" traded in on more efficient cars. Wow!
Positive momentum is here! There can be no doubting it anymore!
The economists always say "Buy Low, Sell High." Well, it seems that we have reached the low and are starting to go up again. The "Time to buy" is here. Whether you're looking to buy a house, a car, or some stock; do it soon.
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