NYSE Euronext (NYX)

[aharfo56]

I think it will, but over time. Not by Christmas, by any means. Maybe this time next year...good news is that the stockmarket is doing well. Bad news is that about 17% of Americans are unemployed, underemployed, or just plain gave up and stayed home with the kids to save money on daycare. Without people making a decent wage and having the ability to buy with confidence, the recover will be quite limited, IMHO. You can't buy a house with a minimum-wage temporary job, or invest into stocks if you're living hand-to-mouth. It's difficult to buy cars as well, but my take on that is the fact that auto quality and longevity have come so far that now it doesn't make any sense to buy new and have the value go down 30% in the first month or so. People are letting someone else take the hit and buying cars that are a year or two old for half the price, lol. That is the real reason, coupled with underemployment and unemployment, that people aren't buying cars...

Same can be said for stocks and investments. Maybe the wealthy have money to buy stocks, but the average person is invested through their 401K or personal funds. If you're unemployed, you're likely going to cash out your stocks and try to survive, which I completely understand.

We need good jobs, bottom line. Some jobs have disappeared forever and aren't coming back...that concerns me.