S&P 1115.10(-11.32); Dow I 10428.05(-120.46)Nas 2269.15(-22.13) 10YrT.Y3.84% (+0.05%)Euro1.4321(0.0013)
Stocks jumped about 60% from March lows but still 26% lower than its Oct 2007 highs.Boom years do not follow boom years,gains will be less substantial.Goldman stock was at 59.20 in Jan and ended at 168.64.Financial stocks to continue rise.Thompson Reuters expect 12 % growth in the equity market,much of it driven by Banks and Investment stocks,but many obstacles remain.( NY Times)
Paul Kangas, PBS' Nightly Business ' anchor for 30 yrs retires and NeelT.Kashkari joins PIMCO.
Friday, January 1, 2010
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