Stock Market Analysis – 03-12-2009
March 12, 2009 at 8:14 pm · Filed Under Broader Market
Strong buying volume late in the day made the good day much better. BAC says they won’t need anymore taxpayer money, so can we please have the original bailout money back now that they’re doing so well? Banks keep feeding us news that they’re getting better, but until we see the quarterly reports and writedowns, it’s tough for me to believe them. We’ve already seen them grossly underestimate the weakness in the housing market before, so hold the party until we get the official reports. The earnings in April should be quite interesting…
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