Simply, …
Because Citigroup (now owned by the US government) posted a profit
| FTSE 100 |
3715.23up
|
172.83 | 4.88% |
| Dax |
3886.98up
|
194.95 | 5.28% |
| Cac 40 |
2663.68up
|
144.39 | 5.73% |
| Dow Jones |
6926.49up
|
379.44 | 5.80% |
| Nasdaq |
1358.28up
|
89.64 | 7.07% |
| BBC Global 30 |
4342.34up
|
182.62 | 4.40% |
BUT
Worst crisis since 1930s says Fed
IMF predicts a global recession
And here in Ireland …
Irish economy ‘to contract by 6%’
Anyone got any ideas? Not really …
.
And, by the way, so far losses in the US stock markets alone; $ 11 trillion!
Stocks have lost $11 trillion in market value since the October 2007 peak, according to Marketwatch. This is based on the Dow Jones Wilshire 5000 index, which includes nearly every U.S.-listed stock. Losses since the start of 2009 are $2.6 trillion. Nearly half of all stocks in the index are now trading at less than $5, and 37% are under $3.
Comments