Was the Dow’s good week a sign that the worst is over?
March 16th, 2009
NEW YORK — Investors have seen this before.
Since the bear market began in late 2007, the Dow Jones industrial average has fallen into a pattern of huge declines, big gains and then even larger declines. Four times, the market has rallied only to dissipate.
This past week, the market made a fifth stab at recovery, logging its best performance in months after remarks from bank CEOs and economic data led investors to believe they’d gotten too pessimistic.
The Dow Jones industrial average rallied for four straight days from nearly 12-year lows, and gained 597 points, or 9 percent — its best week since November. That followed a 2
Filed under: technology by Pascal