Market Summary – Q1 2010
What’s Been Happening? Stock markets around the world have continued one of the strongest rebounds on record since the lows that were established in March of 2009. Such a V-shaped recovery gives the impression that there might have been some overreaction on the downside. The chart below illustrates the recovery to date as the Dow Jones Industrial average climbed to 11,000 over the past year. While the index appreciated by an impressive 46.9% during the last twelve months, stocks in the USremain approximately 25% below their peak in October 2007. Dow Jones Industrial Average – March 31, 2008...
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