Stock Market Update -Mar 15th

This week we finally saw the markets rally (4 days in a row)! Citi and Bank of America had somewhat good news about profits, and the government started talking about maybe looking at 'mark to market' rules, which would affect the all the writedowns.

New unemployment claims this week came in over 600,000 again. Oil prices are still hovering around $45 per barrel, and the National Debt Clock has now crossed $11 trillion!



Next week we will see if the rally holds. Most people expect a pullback before rising further (if in fact it does rise further). We could also see Bond prices fall further based on comments from China regarding lending the US more money.

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