The Daily Business Digest

The Dow Jones Index is the barometer of the state of the US economy, and it was languishing below 7300 points at the beginning of this year at the peak of the economic crisis. And over the last few months, the Dow Jones index has been moving up slowly and steadily, with every positive news flow.
The US big banks started reported good results for the June quarter and now the “better than expected” results from Intel and JP Morgan have been guiding the Dow Jones index to the record high level of 10000 points.
Today the market was able to achieve this feat, and experts tracking the stock market opine that the Dow Jones might be in the 9000 points to 11000 points for the next three months. Post that the actual trend of the Dow Jones index will depend on the US economic recovery. If there is a marked recovery in the economy, then the Index might go beyond 11000 points, and on the other hand, if there is a slippage in the green shoots, then the index might slip below 9000 points. So it would be prudent to put fifty percent of your cash into equities and keep the balance for bargain hunting at a later date.