Dow off 148, still posts best 3-week run since 1982

[Mulehead]

Source: MSNBC.com

A little dose of reality from the CEOs of two of the nation's biggest banks hit stocks on Friday, but the market still finished with its third weekly gain in a row and one of the great three-week runs in history.
-snip-
For the week, the Dow was up 6.8%, with the S&P 500 up 6.2% and the Nasdaq up 6%. Since the market bottomed on March 9, however, the Dow is up 18.5%, with the S&P 500 up 20.6% and the Nasdaq up 21.8%. The S&P's gain since March 9 is its best 14-day gain since October 1938. The Dow has risen 17% in the last three weeks, gains exceeded only by a 17.4% gain in September 1982 and a 20% gain in July 1938.

Read more: http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-032709.aspx?icid=dispatch_090327

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Funny, but when the market was "cratering" all the Whigpublicans were blaming President Obama. Since, in that parallel universe occupied by the far right the performance of the stock market is apparently determined solely by the President and his "socialist" policies, will they now credit this record bull market run to BHO? Just sayin'.

[xchrom]

1. we live in very strang times -- think about it -- 1982. nt

[marketcrazy1]

2. this is a bear market rally

we will be printing new lows by mid/late summer at the latest. IMO.....................

[KoKo]

3. My "forced" 401-K...in "safe stocks" has barely nudged. Underwater about 15 to 20 %

as opposed to 30 to 40% as of last week.

PLUS...my "safe, value stocks" were way UP before the Crash...so I'll never get back the money I put in or the uptick in value for many, many years...if ever.

So much for the "Trader Rally" that does nothing for the rest of us folks out there.

[superconnected]

4. I swear to you, when the economy finally rebounds - they'll credit GW Bush.

[RUMMYisFROSTED]

5. Or President Cantor.

[Kool Kitty]

6. "President Cantor"???!!!!????

Good God-what a horrifying thought.