Friday, March 13, 2009

Stock Market Gained 700 Points This Week

Finally it seems the stock market hit bottom.  After losing value since last fall, the market gained -- in fits and starts -- 700 points.  To me, it means the market hits equilibrium where the total wealth spent in the market has matched the price level.  Now, the President's policies have not entirely taken effect, but we can say that the efforts to save key Wall Street businesses set the ground work for this recovery.  To me we're all the way there -- recovered -- when the market his 10,000 again and that can happen.

1 comment:

  1. Anonymous4:33 PM

    Dead cat bounce, bear market rally. Whatever you want to call it.

    Unless the government gives us hyperinflation the DJIA will hit 4000 before it hits 10000.

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