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  • Investors Anxious for Details of Bank Bailouts and Economic Recovery Plan - 23 February 2009
  • Following the unveiling of a bank bailout plan two weeks ago which left many questions unanswered, financial stocks as well as the broader US market have taken a beating. The ability of banks to remain afloat in a recession, which is likely to continue for some time, remains a primary concern among the majority of stock market traders. Speculation that the government may be obliged to nationalize embattled banks served to push investor anxiety levels up a notch, negatively impacting on stock market performance last week with the Dow closing on Friday at its lowest ebb since October 2002 and the S&P500 ending the week just 18 points shy of an eleven year low.

  • US Economic Stimulus Package, TARP, Big Three under Spotlight in Coming Week - 16 February 2009
  • With the much publicized $787 economic stimulus package having been passed by the Senate and due to be signed into law by President Obama this week, investors are anxious for the specifics of the bill that aims to soften the blow of the growing recession. Last week saw investors dumping their stocks in the midst of uncertainty, partially resulting from a lack of communication with regard to the scope of the stimulus package. The Dow ended the week on 7,850.41, a 5.2 percent drop, with the S&P 500 losing 4.8 percent and the Nasdaq falling 4.8 percent. With Monday 16 February being President’s Day, stock market traders are hopeful that when trade begins on Tuesday, the fact that the stimulus plan has been passed by the senate may be enough to boost investor confidence – at least to some extent.

  • Traders Optimistic About Proposed U.S. Bank Rescue and Economy Stimulus Programs - 9 February 2009
  • During a week which presented one wave of bad news after the other, Wall Street rallied and ended up with the Dow Jones industrial average closing on Friday at 8,280.59, the Nasdaq composite index at 1,591.71 and the S&P500 index at 868.60, reflecting increases of 2.7 percent, 2.94 percent and 2.69 percent respectively. The general consensus is that the increase which took place despite all the negativity in the market can be mainly attributed to optimism on behalf of stock market traders with regard to a bank rescue program to be unveiled by Treasury Secretary Timothy Geithner this week, possibly as early as Monday.

  • January’s Dismal U.S. Stock Market Trading May Signal Tough Times in 2009 - 2 February 2009
  • While losses over the past trading week on U.S. stock markets were not the biggest seen to date, added to the previous three consecutive weeks of declines in January the month closed reflecting substantial losses, which many believe are an indication of worse to come. The Dow closed the month just above the 8,000 mark at 8,000.86, while the S&P 500 closed at 825.88 and the Nasdaq Composite at 1,476.42.


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