Monday, March 23, 2009

commentary

Financials lead a huge rally as the Geithner plan to buy banks' toxic assets wins cheers. Techs and energy shares also jump. The S&P 500 may rally to 900; March could be the best month for the index since 1987. Existing-home sales unexpectedly rise. Nobody is saying the economy will not have occasional rallies on the way down. The news that energy stocks are up because energy prices are going back up is GOOD NEWS? Not to the consumers. Dr. Mel P. Johnson

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