24/7 Wall St.
04-20-2008, 12:20 PM
24/7 Wall St. Daily News
Wall St. wanted some sign that the the recession might not be pulling the economy under for the next four or five quarters. Some investors still have hopes that the downturn will not be deep and long. Last week, women and children flooded that streets of the Financial District as prices of crippled financial companies took to the sky like fireworks. By the end of the week some of the weakest members of the S&P had posted out-sized returns. Stocks in financial firms including Merrill Lynch (MER), Citigroup (C), Wells Fargo (WFC), and JP Morgan (JPM) were up between 7%...http://feeds.feedburner.com/~f/typepad/RyNm?i=uA8kj8G</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=uA8kj8G) http://feeds.feedburner.com/~f/typepad/RyNm?i=1j50mGG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1j50mGG) http://feeds.feedburner.com/~f/typepad/RyNm?i=v9avIYg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=v9avIYg)
complete story here... (http://www.247wallst.com/2008/04/the-market-rall.html)
Wall St. wanted some sign that the the recession might not be pulling the economy under for the next four or five quarters. Some investors still have hopes that the downturn will not be deep and long. Last week, women and children flooded that streets of the Financial District as prices of crippled financial companies took to the sky like fireworks. By the end of the week some of the weakest members of the S&P had posted out-sized returns. Stocks in financial firms including Merrill Lynch (MER), Citigroup (C), Wells Fargo (WFC), and JP Morgan (JPM) were up between 7%...http://feeds.feedburner.com/~f/typepad/RyNm?i=uA8kj8G</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=uA8kj8G) http://feeds.feedburner.com/~f/typepad/RyNm?i=1j50mGG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1j50mGG) http://feeds.feedburner.com/~f/typepad/RyNm?i=v9avIYg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=v9avIYg)
complete story here... (http://www.247wallst.com/2008/04/the-market-rall.html)