Week in Review: Dow 10K Edition

by Kay Lynn

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 The big news in the financial world this week was that the Dow hit and then closed over 10,000.  Many bloggers posted how it didn’t mean anything, but they’re not understanding what it means mentally. 

We’ve seen the Dow Jones dive from over 14,oo0 in October 2007 to a low of under 6500 in March 2009 and now recovery up to 10,000 in October 2009.  What a crazy ride, but we’re on the right trajectory now.  We feel it’s improving even if we can’t see it yet.

There was good economic news locally as San Diego saw the unemployment rate decline for the first time this recession from 10.6 to 10.2% in September.  Other good news was that eight local zip codes saw an increase in median housing prices from the same period a year ago.  All in all a good news week unless you’re one of the unfortunate ones still losing your job, house or other assets.  

Here are some of my favorite articles during this news-filled week.

Editor’s Picks

1.  Vacations are expensive, should we go or stay. Since I just gave you the gory details of my recent vacation costs this discussion of whether or not to vacation by Stew @ Gather Little by Little was timely and full of good information.

2. History of Credit Bureaus: Equifax, Experian, Transunion and Innovis. First of all I didn’t even know there was a fourth credit bureau and that’s not the only new tidbit included in Jim Wang @ Bargaineering’s article. This is a timely reminder to check one credit bureau every four months for your free credit report. This is actually a piece of advice I follow!

3. How to Find a Job using Social Medial Tools.  Erick Folgate @ Money Crashers discusses how to extend your job search to LinkedIn, Facebook and Twitter.  Many baby boomers are a little late to this game, but really need to learn it (myself included) to keep up with our younger co-workers or fellow jobseekers.

4. Fall Cleaning For You and Your Financials.A co-worker mentioned a spouse who would not throw anything away. This article by Craig Kessler @ Moolanomy Personal Finance is for him and all the rest of you packrats (or conversely those that throw everything away!).

5. The Worst Seat on an Airplane is the Best Seat in the Office. Do you know what seat Financial Samurai @ Financial Samurai is talking about? We actually joke about the “bathroom” cube at our office. Who knew it was the best seat?

Carnivals

Festival of Frugality #199 -Damn, No Bonus Edition @ Yes I Am Cheap
The Carnival of Personal Finance #226 – The AFM Turns 5 Edition @ All Financial Matters
Carnival of Money Stories 2 #23 @ My Journey to Millions
86th Money Hacks Carnival Platinum Edition @ Credit Card Offers IQ

Content © Bucksomeboomer  2009. All Rights Reserved.

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{ 1 comment… read it below or add one }

Financial Samurai October 18, 2009 at 2:06 pm

Ahoy there! Thanks for picking up my post and stopping by to visit. I love meeting new people and reading fresh stuff.

Hope to see you guys over at FS more. Please feel free to comment away, especially when you don’t agree. I’m trying to fix my narrow mindedness! 🙂

Best,

FS

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