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Closing Arguments: Can Wall Street Rebound in 2009?
January 02, 2009 11:54 PM
The Dow Jones opened 2009 today with positive news.
Trading was light, but the Dow rallied to finish up more than 250 points, closing above 9,000 points for the first time in two months.
So tonight, we ask you: Will the economy rebound this year after a dismal 2008 -- the Dow's worst year since the Great Depression?
Or was today's promising start nothing but a tease?
Tell us what you think.
January 2, 2009 | Permalink | Share | User Comments (13)
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Just a tease...I would like to be wrong but I think there are still more problems (credit cards) that have not surfaced yet.
Posted by: John W. Porter | Jan 3, 2009 12:15:33 AM
Yes I think Wall Street will rebound In 2009.I think the market will start recovering because America is great and the American people are strong we have been through a lot since 2001 and I have comfidence in the american people that we will stabilize things and work for the future of America
Posted by: Louis Brewsaugh | Jan 3, 2009 12:24:39 AM
When you create a void and remove God from schools and government offices, what do you think replaces God???? America has forgotten her SOURCE of all goodness and prosperity and has placed its trust in self-serving Government and
Wall Street instead. US can turn around if it becomes humble and gets rid of its pompous, arrogant thinking it's still a super power that can be policeman of the world.
Posted by: Donna Sheridan | Jan 3, 2009 12:27:09 AM
Yes Wall street will rebound to some extent not to the 2007 levels but somewhere closer. The reason it will bounce back is that the blue chip companies, banks and investment firms will trim the excesses, payrolls and operating costs and bringing them to profitability. The stimulus package will help to bring the consumer confidence back and the lessons learned from 2008 will be applied in 2009
Posted by: gjkotw01 | Jan 3, 2009 12:38:00 AM
Wall street will rebound ?
Its a Suckers Market...........
Look for a uptick in say 5 make it
10 years..........
Posted by: Anita Yova | Jan 3, 2009 2:34:57 AM
It is ludicrous to believe that the excesses of the last several years will be worked out in a year or less. It is my hope that individual investors will not get sucked into this bear market rally. My $0.02? 5 years......minimum. And you can quote me on that.
Posted by: Marte Cooksey | Jan 3, 2009 7:09:52 AM
Oh, and did I mention the near trillion dollars our government is going to squander trying (note I said trying) to avert what is a natural part of the business cycle...recession? Eventually, the massive debt we have taken on as a country is going to have to be paid. Our situation as a country is no different than a household that has racked up credit card debt equal to it's entire annual salary. Think about it.
Posted by: Marte Cooksey | Jan 3, 2009 7:18:04 AM
If you gave me stock for free would I take it? Yes.
If you expected me to buy stock would I? No.
The stock market is the latest version of snake oil hucksters.
Posted by: jan | Jan 3, 2009 8:04:52 AM
It takes years for credit bubbles to form and a short period of time to start feeling the effects of the burst. However what started happening in 2008 is part of a healthy economic and market cycle. Obviously America needs better regulation in many sectors (i.e. banking/financial services). Look for signs of a global market recovery in 2010 with a global economic recovery several months after. Accelerated American consumption must be priced out of global markets as the American consumer's spending power has been hampered. Watch for American taxes - both income taxes & sales tax to dramatically increase in the coming years (for those still working and buying). The easy economic "tricks" lower interest rates, printing of money, higher deficit are a temporary help but not a solution. No easy fix on this one - just pain!!! Trying to fix a credit bubble with more credit will just prolong this pain.
Posted by: Edward | Jan 3, 2009 6:46:54 PM
I have a feeling the markets will begin to recover, yet slowly. With all that has occurred and the push to still use credit will hamper things. It will take a few years to get back to where we were. There needs to be a fundamental change from the consumerism we know to a type that is ethical, where doing what we love to do is important as long as it helps not only ourselves but the world around us and does not harm the Earth. A more spiritual consumerism and way of doing business, and by spiritual I don't mean following religious dogma. So, 2009 is going to be a better year. The market will improve, slow and steady at first, and I think we've hit bottom on the economic front. We will start to see the numbers on the economy improve mid-year. It won't be fast, yet anything that lasts takes time. We should have expected the crash and burn because everything was growing way too fast. There definately needs to be more oversite and regulation than there has been.
Posted by: Deb | Jan 4, 2009 9:40:32 AM
think positive the answer will be positive. Think negative it will be negative.everyone wants to live for a quality life we got to get together and make it happen.train the young generation the fundamental of quality,rules and regulation were not followed we will pileup the defectives if we did correct it as soon as possible.
Posted by: Guatsim Low | Jan 9, 2009 12:45:10 AM
Yes, it can. The problem came because Obama's billionaire Wall Street buddies were manipulating the market. Really, though, I think the majority of it was done by Obama and supporters who would stop at nothing.
Bush went to war to get re-elected, and called everyone unpatriotic and our Congress went along to get elected. Obama helped bring down the crash on Wall Street and used the race card and racism to get elected. Which president was worse? I, myself, am not sure.
Posted by: Katherine | Jan 17, 2009 12:40:51 AM
Wall Street money corrupts both parties. Wall street makes more money when our country borrows more money. Go figure that our country is many trillions of dollars in debt. We may never emerge from this quagmire.
Posted by: loveliberty1972 | Jan 18, 2009 8:58:37 AM
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