Word: markets
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Dates: during 2000-2009
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...poor economy and a market that is trading down on most days, a drop of 7% may be breathtaking, but it is not unexpected. With predictions of 7% or 8% GDP contraction and 9% unemployment by the end of the year, stocks should rarely trade up. A 7% increase in one day has to be a mistake. (Read about the one day jump in the stock market...
Some observers argued that there was pent-up demand to buy stocks. The market has been going down so rapidly that investors have been dying to get back in. This point of view is only defensible if there is evidence that individuals and institutions with capital to invest will buy stocks every time that they see a rally. If, on the other hand, this is just a herd instinct working, then investors can consider themselves no more intelligent than lemmings...
People who wanted to invest money in the market saw what they were waiting for in a few pieces of news. The first was that Citigroup CEO, Vikram Pandit, made public remarks that his company had a profit in the first two months of 2009. But, even school children who hone their skills trading mock accounts online know that two months do not make a quarter, especially in banking. Some auditor may mention that Citi's toxic assets ran into more trouble in this quarter or that its consumer credit and LBO businesses needed to be adjusted for bad debt...
...whose stock has dropped at an extraordinary rate, gained 20% which added $15 billion to its market capitalization in just a few hours. The good news from the conglomerate was that it sold $8 billion of bonds under a program backed by the U.S. government. That means GE is very close to its goal of raising the $45 billion it wanted to get from the debt markets this year. GE also benefited when a skeptical analyst said that a recovery in the financial market held a number of benefits...
...still begin in the latter part of this year. What was not so well reported was that he said it could only happen if the banking system was fixed, a process that may actually take years. The price of oil has been moving up which usually means that the market expects that individual and industrial demand will improve. It also means that it may cost $4 a gallon to drive...