STOCK MARKET UPDATE
Updated following each market day
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The popular averages resumed their charges to the upside on Thursday. The third quarter gross domestic product was reported higher than expected. Jobless claims were up a bit last week but still at a low level. Visa (V +10.2%) and MasterCard (MC +9.4%) both surged on better than expected earnings, which may be seen as a good sign for the overall economy. Meanwhile, the prices for crude oil and gold fell on Thursday.
Above is my 3-
The recent high volatility and trading volume may have heads spinning. Those who become especially dizzy often get flushed out at market lows during Octobers. This may have caused a great many Baby Boomers (b. 1946-
Meanwhile, the Millennials (b. 1982-
Normally there must be an emotional component to set up a meaningful bottom. Fear of the spread of Ebola might have been that scare factor. That particular concern may be abating as investors now review the parade of corporate earnings reports. They may have also started to realize that the end of quantitative easing implies a steadily improving economy.
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