Monthly Archives: February 2009


Investors Anxious for Details of Bank Bailouts and Economic Recovery Plan

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on February 23, 2009

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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...

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US Economic Stimulus Package, TARP, Big Three under Spotlight in Coming Week

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on February 16, 2009

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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...

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Traders Optimistic About Proposed U.S. Bank Rescue and Economy Stimulus Programs

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on February 9, 2009

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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...

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January’s Dismal U.S. Stock Market Trading May Signal Tough Times in 2009

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on February 2, 2009

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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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