Wednesday, March 11, 2009


Yesterday the stock market rallied on news that one of the nation's largest banks managed to squeak out a profit. BTW, look for those profit numbers to be revised down in a few weeks.

Anyway, the NASDAQ rallied to finish at 1,358-point-something.

Meanwhile, my stupid callendar notes that March 10 is the anniversary of the bursting of the bubble. On that day, the NASDAQ closed at 5,048.

That's a difference of 3,690 points. A loss of 73% of its value over nine years. Kinda tells you where we really are, don't it?

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