| www.millionairecorner.com US stocks have best quarter since 1998 As the Dow closed up 66 points on Friday ending at 13212, it ended the best quarter for US stocks since 1998, as reported by the Financial Times. The rally has been based primarily on the rebound of banks as well as the recovery of homebuilders and technology stocks. Experts warn, however, that many things can derail the recovery from the price of gasoline to an early seasonal push due to mild wealth. Experts also remind investors that the growth of the markets has also been linked to the success of Apple which has not only reached market highs, but is held in many investment funds, which then experience similar success. The last time one stock was so linked to a rally was in 1999 with Microsoft. China's PMI jumps to an 11 month high while Eurozone PMI is dismal After weeks of poor news regarding China's economy, recent numbers from the Purchasing Manager's Index, the PMI, reached an 11 month high of 53.1 in March, according to CNBC. This was up from 51 in February and beat the anticipations of the 50.5 predictions. A PMI above 50 indicates manufacturing is expanding. Smaller Chinese factories, however, fell to 48.3 down from a February PMI of 49.6. Demand from overseas in both indicators was cooler than in the past. The Eurozone PMI dropped to 47.7 in March from 49.0 in February. It has been below the critical 50 mark since August. It is anticipated that data released later today will show that the ... |
