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The Dow Jones breaks through the 10,000 barrier

The Dow Jones industrial average index today broke through the psychological 10,000 barrier for the first time in 12 months. While this is a reflection of renewed optimism with regards to the US economy, and the view that the worldwide recession may well be over, some analysts believe that the Dow Jones industrial average index does not represent the overall economy and may be giving false signals.

There is no doubt that the Dow Jones industrial average is one of the most influential of stock market indices around the world and one which can in many cases lead to a knock-on effect, either upwards or downwards, in every developed stock market around the globe. Even though the UK economy appears to be recovering at a much slower pace than the likes of America and other European economies, even the UK stock market is trading at recent highs as investor appetite continues to grow.

It will be interesting to see if the US stock market is able to hold the 10,000 level as many investors have their eyes on the US market as a pointer for the short to medium term direction of the worldwide economy. How far the UK market will go in the short to medium term is a subject which many people are currently discussing with some very different opinions emerging.

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