Good. We are back over 24,000, and if this 300 points today holds, getting close to 25,000.
I predicted four weeks ago we’d recover to about 26,000 before October. Looks like I was way too pessimistic. At this rate, we should be back to around 28,000 by October, with a lot of that loss attibutable to oil.
That’s all well and good, but the disconnect between Wall Street and the real economy has never been greater.
We need to be concerned about millions of blue collar workers scraping along in poverty this November.
You may be right.