The Dow Jones Industrial Average passed the  10,000 level.  The earnings news for  JP Morgan Chase and Intel had a lot to do with it.   GE’s earnings came out today and they where less then stellar but better then expected.  They are a good barometer of the nation and the worlds economy because of all the things they are involved in. From heavy industry and jet engines to TV and Movies.   The recovery is continuing.  It is just going to bump along for a while.  This is the first time the Dow has been over 10,000 for over a year and it has gained 53 percent since it lowest close in March over 7 months ago. 

The weather this winter promises to be pretty bad.  Accu Weather chief meteorologists on Wednesday said the Northeast and Mid-Atlantic could be hit this year by cold and snowy weather, and that major cities such as New York, Boston and Philadelphia could get up to 75 percent of their snow in two or three big storms.  If this Weekends weather is any indication I am afraid the weather man may have it right this winter. 

The housing inventory in Morris Plains is  down to 33 homes with a 5 month absorption rate.  Homes are still selling at about 95 percent there listing price.  That still is an “A” in my grade book.

Thanks for Reading

Bob Sittmann  Morris Plains NJ Homes 

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