December 9, 2008

THEY DON'T MAKE GREAT DEPRESSIONS LIKE THEY USED TO...:

A new bull market? By one yardstick, it's here (Tom Petruno, December 9, 2008, LA Times)

By one classic measure, a new bull market has begun: At Monday’s close, the Standard & Poor’s 500 index was up more than 20% from its recent low -- the first 20%-plus advance in the index since the bear market began in October 2007.

Posted by Orrin Judd at December 9, 2008 4:51 PM
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