Today was another good day for the markets. The Dow was up 3.46%, Nasdaq up 3.97%, and S&P 500 up 4.07%. This has been the best three day rally of the year.
There were some more estimates on exactly how much value the markets lost in this down turn. Blackstone Group CEO said that between 40% and 45% of the worlds wealth has been destroyed (http://www.reuters.com/article/wtUSInvestingNews/idUSTRE52966Z20090310).
http://www.bloomberg.com/markets/index.html?Intro=intro_markets
"Market Snapshot
DJIA 7,170.06 239.66 3.46%
Nasdaq 1,426.10 54.46 3.97%
S&P 500 750.74 29.38 4.07%"
Thursday, March 12, 2009
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