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Massive Stimulus Creates Bullish Outlook in 2009
Is it “Bull Market 2009?”
The answer to that question depends on whether you believe the three-week surge we’ve just been through is the start of a prolonged advance for U.S. stocks, or was just the kind of “dead-cat bounce” fake-out move that temporarily interrupts a protracted bear-market decline.
It’s not an easy call to make, although all the stimulus, bailout and fix-up-plan money flowing into the U.S. financial system certainly makes a strong case for at least a near-term bull-market advance.
Let’s look at some numbers.
The Standard & Poor’s 500 Index last week gained ground for the third straight week, pushing it near its…
30Mar2009 | Money Morning | 0 comments | Continued
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