Excerpt from: US Markets
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| March 11, 2009 | | Will yesterday's 400 point rally stick? | Yesterday, the global stock market came roaring back. The US stock market alone rallied nearly 400 points. And today's open looks to be higher again.
Spread betting and contracts for differences on US stocks should consider that futures are pointing to a higher open today. Even with continued evidence of slumps in Asian economies, a bit of optimism seems to have emerged with regard to the US stock market.
One of the brightest points is undoubtedly the rhetoric by Timothy Geithner. He has pledged to do what is necessary -- from capital injections to incentives to get banks lending -- to pull the US out of a recession. It is clear that, even though the Obama Administration is throwing a bone to the middle class, the US government is clearly committed to Wall Street.
| Topic Tags: contracts for differences, spread betting, spread betting US stocks, stock market, stock market rally, Timothy Geithner, US stock market, US stocks | |
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