While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
December 23rd, 2008 at 10:33 am
Hysterical!
December 23rd, 2008 at 10:48 am
Nice!
I’ll bet a dollar to a donut there was no check in the card, but the fund manager got his Holiday bonus… right?
December 23rd, 2008 at 10:51 am
Very Cool.
December 23rd, 2008 at 11:26 am
Looks more like the housing market to me. The stock market is much lower in 2008 than 2004. Although I like the general idea.
December 23rd, 2008 at 11:44 am
Good point — it should say 1998 – 2008!
December 23rd, 2008 at 12:04 pm
Buy and hold is for suckers and the mantra preached to the masses.
December 23rd, 2008 at 12:24 pm
Best wall st. xmas bonus I ever got: A wonka bar.
Back office ftw…
(but at least it wasn’t quite as bad as the worst birthday present I got..)
December 23rd, 2008 at 5:21 pm
That graph looks like Southern California housing prices.
December 24th, 2008 at 12:25 pm
This was mentioned on Fast Money last night
http://www.cnbc.com/id/15840232?video=975129200&play=1
At the 3:30 mark