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Subscribe to RSSStocks remained in positive territory in midday trading Friday, putting the markets on track for a five-day rally despite concerns about the European financial crisis.
Stocks rose every day this week, their first four-day winning streak since August. The rally lifted the Dow and the S&P by about 5 percent. The Dow is still down 1 percent for the month, the S&P 0.3 percent.
European finance ministers, meeting in Poland, said Friday that they would not decide until next month whether Greece has qualified for another round of bailout funds.
Treasury Secretary Timothy Geithner was in Poland meeting with his counterparts and urging them to act in concert to address the growing financial crisis there. If it worsens, many experts feel that it could tip the global economy back into recession.
Insight on what is next for investment strategies on this side of the pond.
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That means that now food, gas, clothing, and health insurance now costs more. Anyone else think the markets should be disbanded?
Funny how at the start of almost every day the economists and wall street people paint a doom and gloom picture. Then by the end of the day stocks seem to do very well. Imagine that!
Were'nt people always told that the markets are too big to manipulate?
Who is it that's suppose to keep an eye on Wally?
Who keeps an eye on those who are suppose to keep an eye on Wally?