This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Stock Market Game Week in Review

Stocks in this article: BACCMSLCC^DJI^GSPC

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) with $20 billion from the Troubled Asset Relief Program (TARP). The funds will help the bank absorb Merrill Lynch. Markets liked what they saw as banks led a Friday morning rally sending the Dow and S&P 500 higher. Alas, while both indicators closed the day in positive territory, they were down for the week.

Citigroup (C) led much of the week's news announcing that it will sell Smith Barney to Morgan Stanley (MS) 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs