Saturday, March 14, 2009

Wall Street Chalks Up a Four-day Rally

This sounds like good news:
A sharp rebound in bank shares and easing worries about the economy pushed stocks to their best week since late November.

The market shot up in one week as it might in some years, with major indicators chalking up gains of around 10 percent.

Friday’s gains were modest compared with the rallies on Tuesday and Thursday, but investors welcomed the market’s ability to hold its ground. Several recent rallies have ended with disappointing selloffs.

To use a Star Wars quote, don't get cocky. But I'd say let's enjoy a little good news for now.

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