Welcome to Milwaukee Live

Wednesday, March 4, 2009

Stocks Climb from 12 Year Low

Buyers have jumped back into stocks after five days of selling on hopes that government aid will help the world's largest economies halt their slide.

Stocks are ending sharply higher Wednesday on word of a possible Chinese economic stimulus package and an Obama administration plan to help struggling homeowners. - ABC News

OK, this journalist is pretty much sucking up to the President here. The Obama housing plan had little or nothing to do with the Stock Market bounce. I could be wrong, it has happened a time or two. Actually the only time I can remember is the last Superbowl. If I am wrong the Stocks will continue there climb, if I am right they will dip again by Monday, Tuesday at the latest.

No comments: