In This Issue:
Many Americans Are In A Funk
If Everything Is So Bad, Where's The Recession?
The Fed's Rescues Come With A Price
A Lending Conflict Is In The Making
And A Weaker Dollar May Be On The Way
DNA Checks Are Not Just For Crooks
The Bottom Line This Week
The bear picked himself up off the mat last week after having been knocked flat by the bull a few days earlier.
As it turned out, the nasty fellow should have taken the full count to get back more of his strength. The best he could do with his rebound was push the Dow back a miniscule 1.1%. Nasdaq actually rose 1.2%.
When the market reopened this week, we got a dramatic demonstration about how important oil prices have become on Wall Street. On Monday oil ticked up fractionally, and the Dow dropped 240 points. Then on Tuesday, oil dropped back down and the Dow shot up 267 points. The uptrend continued the next day with a 186 point gain.
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