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Article: FirstAlert[tm] 7/13/09: Bucking The Bears.
- Article from:
- Investrend
- Article date:
- July 13, 2009
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Jul 13, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/07/13/firstalerttm-71309-bucking-the-bears/)
July 13, 2009 (FinancialWire) (By Genevieve Hawkins) -- The major US stock indexes all dropped last week on concern about second quarter earnings, but with most investors already braced for bad news from the likes of Bank of America (NYSE: BAC) Wall Street might be able to counter the downward trend in the short term. Last week the Dow dropped 1.6%, while the S&P 500 dipped 1.9% and the Nasdaq declined 2.3% on general anxiety about the scope of a second half recovery. With so much money lining up to short the market ...