Monday, October 1, 2007

Dow closes at record high

Nice way to start October! The DOW smashed through 14,000 to close at 14,087- a 1.38% gain. The S&P closed with a 1.33% gain. The market seems to be optimistic of another Fed cut at the end of the month.

The market has been red hot the past 3 weeks and has recouped all of its gains from the 10% haircut we took in July and August.

I have stayed fully invested and added to my postions through the dip. All of my positions have recovered except for one (HCFCX which I bought right before the market drop). I am still dollar cost averaging into this fund.

Just another reminder you can't time the market!

1 comment:

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