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Predicting when the economy will turn around is a risky endeavor, however, a recent Wall Street Journal article, “Economy Raises Tentative Hopes a Trough Is Finally in Sight” is cautiously taking some recent indicators as a positive sign for recovery.

In contrast to months of doom, gloom, and fear-mongering in the news, there are positive signs. The Dow has risen for three weeks in a row, its longest streak of weekly gains since May, the Standard & Poor’s 500 index rose 6.2% on the week, while the Nasdaq composite rose 6%.¹

Despite the pullback, stock-market bulls see signs of a gradual turn that weren’t evident in other rallies over the last 17 months. Data suggest the economy is gradually making a turn, said Fred Dickson, market strategist at D.A. Davidson.²

While unemployment and foreclosure is a real and painful, issue–there is positive news to be found, and opportunities to be taken advantage of.

1. http://online.wsj.com/article/SB123815206405655957.html [↩]
2. http://online.wsj.com/article/SB123815206405655957.html [↩]

The Dow Jones Industrial Average dropped below 7000 today, closing at 6763.29 after a 300 point descent on Monday. This is the lowest the DJIA has been since April 25, 1997. Some are calling a bottom at 6,000¹, while others are banking on 3600.²

1. http://online.wsj.com/article/SB123599406229708501.html [↩]
2. http://online.wsj.com/article/SB123577708757697423.html?mod=relevancy [↩]