“Modest Signs” of Economic Recovery

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Four days of gains in a row for Wall Street  looking doubtful

A four-day rally this week  has lifted the Dow Jones industrials nearly 10 percent.
The rally has been fueled by the banks and a hope that the very worst of the financial crisis is over. Bank of America, JPMorgan Chase and Citigroup, Goldman Sachs, Deutsche Bank and Wells Fargo all posted a gain last week.
The million $ question now is: For how long ?

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2 COMMENTS

  1. Get advantage as soon as you can, coz may not last long as the video predicts, and not only the video:

    http://www.bloomberg.com/apps/news?pid=20601087&sid=ajBA7Rxk.QNA&refer=home

    U.S. stocks rose to finish the biggest weekly gain for the Standard & Poor’s 500 Index since November as takeover speculation lifted health-care companies and financial shares capped their steepest advance on record.
    ……
    Goldman Sachs Group Inc. cut its forecast for the global economy for the second time in eight days after predicting a deeper recession in Europe. The bank now estimates a 1 percent contraction after previously saying the world economy may shrink 0.6 percent.

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