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6/30/2009
Earlier on in this report, we mentioned how strong this second quarter has been for the major indexes. It was in fact the shortest timeframe for a market recovery of that size since the 1930s. This strength came on the heels of very pronounced weakness that had taken the major indexes to 12-year lows in early March (at the height of investor despair regarding the recession). The strong rally off the March lows has allowed the S&P 500 and the NASDAQ Composite to finish in the black for the first half of 2009. The question on everyone's mind now is whether this rally can continue, given that economic fundamentals remain wobbly. © HGH Associated Press News Archive (from 4/1/2009 until 6/30/2009) |
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