According to the Conference Board, economic indicators have improved in February with both leading and coincident indices increased 0.1% and lagging index increased 0.3%. Although the Consumer Price Index published by the U.S. Bureau of Labor Statistics stays unchanged for All Urban Consumers in February, the prices of goods and services consumed showed some increase given the fact that the prices of foods and energy dropped in February. The data indicate that the economic recovery is pretty bumpy and fragile at best.
The recovery of the Dow Jones Industrial Average has come close to the 11,000 mark and its short-term advance seems to be unsustainable. From long-term point of view, the stock market is expected to be volatile in 2010.
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