Stocks are on the Rise

This past week was a tremendous week for many companies' stocks. Companies such as Avon and Texas Instruments Inc. saw great jumps in the price of their stocks. After the announcement of Bernanke, the market only continued to raise. With the rise in interest rates, investors are selling off their bonds and investing the money into stocks. The major point of this article was to show that our economy is responding well to the recent hurricanes and even more recent charges filled against Vice President Dick Cheney's chief of staff Lewis Libby. I feel that it is a good reminder that we as a nation can not only get through the difficult times but can do so successfully so long as we do not flip out when the media tells us how doomed we are!

1 comment:

Dr. Tufte said...

I would amplify this thought. The fact that stocks didn't respond to these events suggests that they are a lot more minor that some would have us believe.