16,000 DOW, lower mortgage interest, fewer unemployed offer hope

On Thursday, the DOW closed over 16,000 for the first time in history. Since the start of the year, the DOW has increased +22%, and has topped three 1,000 point milestones on the way. The DOW has more than tripled since its low point in 2009. It was also reported the number of people seeking unemployment benefits fell by 21,000 last week to a seasonally adjusted 323,000. US wholesale prices dropped for the second month in a row. Thirty year fixed rate interest rates retreated to 4.22% down from 4.35% the week before. These are signs the recovery is continuing.