Marketing Commentary- Q3 2009
What’s Been Happening? The US stock market as represented by the Dow Jones Industrial Average has recovered from a low of roughly 6,500 in March to a third quarter close of approximately 9,700, a 49% gain not including dividends. We agree with those who call this a “relief rally”. Most investors are relieved that the financial system survived what felt like a severe heart attack. DJ Industrial Average over the last year Source: Wall Street Journal Market Data Group In retrospect, the impressive recovery to date should not have been surprising given the severity of the decline...
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