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. Today Monday May 7th I am bring a news update that deals not only about the market but also explain why I have not been updating the site over the last month. Unfortunately over the past month I have been extremely busy with my personal life and did not have any time to dedicate to the site. I am sorry about the lack of updates lately. I have since gotten everything straightened out and should be able to contribute to the site almost daily again. And with that I will now move into the news
Since I have last updated the site we have seen the DOW move up into record territory. Today marked the first day that the DOW has ever closed over 13,300. I think that this gives a good idea to what type of market we are experiencing right now. Most things in the market have continued on their upward spiral.
Along with the down setting record numbers today we also see that the takeover craze is still here to stay with the 27 Billion dollar bid for Alcan Inc. made by fellow Canadian company Alcoa Inc. To me this is a very telling bid about the current atmosphere on Wall Street with the sheer number of deals that seem to be taking place.
Overall I think that the bull market is continuing to run up but as with all things it is important to remember that a market correction could happen tomorrow. For this reason I just want to remind everyone to make sure that their portfolios do not have an unneeded risk and to hedge whenever possible.
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