Thursday, July 23, 2009
The Dow hits 9,000.
The Times reports the Dow above 9,000 for the first time since January 2009. Last fall's crash was not good for us--we've seen grants and institutional budgets slashed, and promising projects were lost or canceled. Our expansion in late 2007 was a big move, and we were just getting off the ground when the economy slumped.
We made a bold move for stimulus funding through NSF in January, but were turned down. Frustrating, because our proposal was first rate, and I can't think of a more appropriate use of the money, though of course NSF's review didn't (and wasn't supposed to) consider that.
Friends who know the stress of running a business say things like "in the end it'll make your business stronger," and perhaps that's true, but I'm more than ready for a break from this--we are focusing far too much on cash flow and not enough on the reason I'm doing this--innovative and effective river conservation science and education.
This market climb is good news. It won't return to last year's high for a long time, if ever, but at least it's going up.