Once again, there were a host of market-moving headlines in the week that just concluded. Once again, too, there was a glut of headlines pertaining to the financial sector. The stock market's overall take on things was nothing short of exuberant.
The S&P 500 rallied just over 4.0% for the week. It was a striking move on a number of levels, not the least of which was the understanding that it came on the heels of the worst quarterly performance since 2002.
The financial sector led the charge, gaining 6.6% in a news rush that was triangulated between Europe, Washington and Wall Street.
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Saturday, April 5, 2008
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