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Posts Tagged ‘equity market review for March 2009’

March 2009 Market Review

Posted by Larry Doyle on March 31st, 2009 7:47 PM |

 

march-market-review1

The markets, overall, experienced a very solid rebound this month. Technically, the market got oversold bottoming out on March 6th when the S&P 500 hit the devilish level of 666!! Perhaps some divine intervention prevailed and shed a wee bit of grace on the market in the spirit of Saint Patrick. Perhaps not, as well. In any event, we rebounded close to 20% over the last three weeks. The bounce has allowed us to catch our breath but I caution everybody to remain on guard.

The rebound gained support from the following factors as well:

1. stabilization in the weekly unemployment claims at the 650k; level

2. improved figures in housing starts and new home sales;

3. speculation that the FASB will relax the mark-to-market; (more…)






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