GOOD NEWS TO SHARE! Pass it on....
Good Friday is a day to ponder the hope that we have in the future. We celebrate this day not just because Jesus died, but because we know why it happened...(hope and grace)... and what happens 3 days later!
If you want to know more about this historical event, you can read The biblical account of Jesus' death on the cross, the crucifixion, His burial and His resurrection and His raising from the dead, information can be found in the following passages of Scripture: Matthew 27:27-28:8; Mark 15:16-16:19; Luke 23:26-24:35; and John 19:16-20:30. You can go to here to see the Bible online.
On that note... - there was another Rising I want to celebrate and share this week...Rally is Dow's biggest three-day increase since November!
And there's more good news in the market.
Yes - GOOD news!
Here is what happened this week:
Other good Dow Jones industrials news:
It shot up almost 240 points to a two-week high of 7,170
It's gains were the biggest over the past three days - went to 622 points, or 9.5 percent. It was the index's biggest three-day jump since last November.
Fifth straight week in row of gains!
Over 8,000 - reaching highest level in over two months.
The S&P is up 25% since it March 9th low
Existing home sales were up 5.1% in February.
Commercial banks and investment firms scaled back borrowing over the past week from the Federal Reserve's emergency lending program, a hopeful sign that some credit stresses are easing.
Better-than-expected retail sales figures also helped stocks, as did positive news from Dow companies:
GE's credit rating was cut by less than expected, GM said it will not need a $2 billion loan from the government
Pfizer reported a successful cancer drug trial.
Bank of America's CEO told reporters his bank was profitable in January and February. Citigroup Inc. triggered this week's rally with similar remarks.
Wells Fargo bank posted a 1st quarter earnings report of $3 Billion which surpassed analyst predictions. Wells Fargo's reported this past Thursday that it expects first-quarter earnings of $3 billion and provided an encouraging sign that a deep freeze in borrowing activity may finally be thawing. Wells Fargo said it benefited from its January acquisition of Wachovia and an increase in mortgage applications.
When was the last time we had so much good news at one time?
If we're not at the bottom - on way back up....we've got to be close!
...Share all this good news with as many people as you know. It's such a breath of fresh air.
Be Blessed and ...
Happy Investing!
Tamera Aragon
www.ispiproperties.com
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment