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Science Forum Index » Energy - Hydrogen Forum » "WALL STREET MOOD SWING: "OPTIMISM"!!
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| Screen Ranger |
 Posted: Fri May 02, 2008 9:05 am |
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Guest
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Yup.......President Bush's Tax Rebates are already Kicking
In........Wall Street is Looking Ahead.........Ain't It
GRAND?...........Heehee..........
"Wall Street mood swing: Gloom gives way to optimism
Published: May 2, 2008
(Reuters) - Main Street may be struggling, but Wall Street is on a bit
of a roll. Despite a drumbeat of bad economic news, the stock market
is up — almost 11 percent in the last few weeks. Junk bonds, those
risky corporate IOUs, are rallying. The value of financial shares,
bank loans, tricky credit derivatives — up, up, up. Many on Wall
Street, the epicenter of the credit mess, seems to think that the
worst is over.
For the first time in months, analysts and executives sound upbeat
again. Many of them see a broad, sustained recovery in both the
economy and the financial markets coming in second half of this year." |
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