The Stock Market Game is a curriculum-based teaching tool that allows students to invest a hypothetical $100,000 online stock portfolio to learn about long-term saving and investing.
The Stock Market Game Week in Review: Spring 2009 Inaugural Edition
Happy New Year!
Stocks rallied in the early days of 2009, but have soured as of late. Friday, the federal government came to the assistance of
Bank of America
(BAC - Get Report)
with $20 billion from the Troubled Asset Relief Program (TARP). The funds will help the bank absorb
. Markets liked what they saw as banks led a Friday morning rally sending the
higher. Alas, while both indicators closed the day in positive territory, they were down for the week.
(C - Get Report)
led much of the week's news announcing that it will sell Smith Barney to
(MS - Get Report)
and abandon its "financial supermarket" business model in order to raise capital. The new strategy will split the bank in two, leaving performing assets on one side and troubled assets on the other.
Wall Street is crossing its fingers and hoping that the downtrend that prevailed most of this week will not lead to a testing of the
Nov. 20, 2008 bottom on the Dow
. Many economists believe that the first two quarters of this year will bring more bad news, but that the economy will begin its recovery in the second half. Others are not so sanguine and predict that a rebound will elude us until 2010. There are also some prophets of doom out there saying we won't see growth until 2011. However, they're a small cohort. Let's hope they're wrong.
In other news, President-elect Obama's transition team announced that the second half of the TARP money for banks that was approved by the Senate Thursday will have more oversight and strings attached. Obama also rolled out an $825 billion stimulus package that he vows will be his first order of business when he takes office at 12:00 p.m. EST on Tuesday, Jan. 20.