March 11, 2009
The markets are marginally higher tonight. The NASDAQ
the most, at 13.36
elevating the index to
its way up a measly 3.91
to end the day at 721.
back to $42.82
to close at
I guess you'd have to say that today's follow-through
lacked conviction. Mark Hulbert explains, "Tuesday more like a bear-market rally than a new bull market".
Continuation of gains warrants limited celebration
Perhaps the most significant news of the day is House
Speaker Nancy Pelosi suggesting that she would be receptive to another
stimulus package: Pelosi is open to another stimulus if economy needs more.
This was so encouraging to Paul Krugman that he has written (Permanent Link to Practical Pelosi),
"Maybe this country can be saved after all."