Wall Street has been in quite a slump for the past two months. Seeing as they have been the worst months in the past year, it was very encouraging to see the stock markets begin to rise today.

The start of a new month coupled with strong gains, better-than-expected reports on personal income and Exxon Mobil’s profit gave the markets hope, early today.

The Dow Jones industrial average rose 1.2% early this morning while the S&P 500 index gained 1.4%.

Many financial specialists believe that there will be a deeper selloff as they look forward.

The market is up more than 50% from the lows of last March so a correction of 10% to 15% was not out of the question.