Good Sunday morning, and welcome to the first edition of Weekend Reading of 2009. First, a look back at the week that just finished, then a look forward to the week ahead, and finally, some articles and papers worth reading.
It was the best beginning to a year in modern market history. The major U.S. indices finished the week up more than 6%, the sort of swing that used to happen on a daily basis back in November but now has become thankfully rare.
Investors have decided that the time for selling is over, and that a recovery in the second half of 2009 looks plausible. As I have written several times over the past month, some sort of short-term rally was inevitable, but the strength of the current rally off the November market lows is impressive, with indices up more than 20% from intraday lows in that grim period. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,479.66 | 1,110.06 | 2,179.06 | 32.53 |
Oil *
79.45
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UP
134.82
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UP
14.43
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UP
34.46
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UP
0.52
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10 Yr
3.25%
SPDR Gold
117.38
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+1.30%
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+1.32%
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+1.61%
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+1.62%
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