The S&P 500 has ran North 25% since March 9

April 6, 2009

The S&P 500, since sinking to a 12- year low of 676.53 on March 9 surged 25% as banks from Inc. to said they made in the first two months of 2009 and announced plans to finance as much as US$1T in purchases of distressed assets from financial firms.

“No matter how you feel about the stimulus package, some of it is going to stick and the economy should stabilize in the second or third quarter,” said the Nashville- based chief strategist at Robert W. Baird & Co.“If that’s going to happen, the will sniff it out.”

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Oil prices tumble after US rescue plan unveiled

February 20, 2009

prices fell alongside the broader markets last week on the limited details released about a Treasury Department program to raise more than US$1T in public and to free up . The Dow Jones industrials lost 400 pts after announced the rescue plan last Tuesday, and light, sweet crude for March delivery sank by US$2.01 bbl to settle at US$37.55bbl on the . ’s US$838B economic recovery plan, which was approved by the US Senate did little to reverse ’s downturn. , an analyst at Alaron Trading Corp., said investors appear concerned about the inflationary effects of massive government spending.

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