China’s exports jumped in February, which may indicate a recovery of the economy across most of the rest of the world. Or it could be that inventories of goods are low in many nations and have to be restocked.

According to UPI:

China’s February exports, spurred by demands from the United States and other markets, rose 21.8 percent annually to $139.37 billion, a government agency said.

In a further demonstration of China’s strong recovery in its foreign trade, the General Administration of Customs said Friday imports fell 15.2 percent year-on-year to $124.12 billion, yielding a monthly trade surplus of $15.25 billion.

In February of last year, China had a trade deficit of $31.98 billion.

The agency said, however, the numbers would be different when making allowance for seasonally-adjusted factors such as four fewer working days in February due to the Spring Festival.

The Dow Jones Industrial Average has now hit a new high, and it did it on a day where there is actually very little news acting as the driving force. The prior closing high was 14,164.53 from October 2007. The intraday highest price was 14,198.10 at the time. Now on Tuesday you know what the deadlines will say in every print edition on Wednesday.

DJIA HITS NEW ALL-TIME HIGH!

The DJIA is up more than 75 points after the market open and is at 14,219 this morning. Our readers should not be surprised at all by the new high. We have been calling for unofficial upside to our 14,590 target we set as the peak DJIA price for 2013.

We have not yet issued a DJIA 15,000 alert nor have we formally lifted our price target to that level. The key word is “yet,” but we are in no real…