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Pre-Turkey Day Rally Pushes Market Up

U.S. markets closed high during the past week as a fall in oil prices marked a pre-holiday rally that isn`t predictable at the moment. The Dow Jones Industrial Average closed up 44.66 points at 10,916.09. The Standard and Poor`s 500 closed up 4.38 points at 1,265.61 and the NASDAQ Composite ends up 6.42 points to 2,259.98.

Al Goldman, chief market strategist at A.G. Edwards is pleased about the current rally, but remarks that the positive trend may not continue. "Typically, you rally the Wednesday before Thanksgiving, the Friday after the holiday, and again on the Monday of the next week. Then you pause. That`s the bad news."

There are concerns worldwide about the U.S. budget defecit, as well as increased prices of oil amidst natural disasters which befell the country earlier this year. There are no signs that the U.S. economy will severly worsen any further than it has in the recent past, but neither are their any indications that things will get better in the near future.