Dow Jones Climbs 10.9%

Could this be the end of the beginning? After weeks of really bad news the Dow Jones Industrial Average shrugged off data regarding poor consumer confidence to record a 10.88% rise to 9065. The prospect of a 0.5% cut in US interest rates appears to have over ridden the negative sentiment. It will be interesting to see how Asian and European stock markets reacts during the early part of Wednesday.

Top Investor Leaves the Dollar

Jim Rogers is a top investor who lives in Asia. He famous for predicting financial trends and is followed by thousands of American investors. Mr. Rogers has declared that the U.S. is now in recession and is dumping his Dollars for Asian currencies such as the Chinese Yuan.

Whether Mr. Rogers is able to forecast currency trends may be in dispute. Nevertheless, the market sentiment is certainly leading to recessionary thinking. Many headlines and the recent weakness in the Dow Jones Index are all pointing in a negative direction.