Saturday, March 14, 2009

The Week in Review

  • The DJIA rose 597.04 points, 9.01%% to close Friday at 7223.98
  • Crude oil rose $0.73, 1.60% to $46.25

The absence of profit taking on Friday should be taken as a good sign as investors continued to buy on four consecutive days after setting 12-year lows on Monday. Oil prices have firmed and are up 43% in the last four weeks indicating that the economic shock of the last several months might be wearing off. But there's still lots of bad economic news ahead.

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