US stocks rally 9 percent!

US stocks rally 9 percent!
Oct 29, 2008 02:02 GMT-6
YVONNE Points: 2100 Join Date: Nov 29, 2004 Status: offline	US stocks rally 9 percent! US stocks rallied about 9 percent yesterday since the investors believed the Fed will cut the interest rates again. The Dow Jones industrial average, the Standard & Poor's 500 Index and the Nasdaq Composite Index all surged at least 9 percent. Especially, the Dow Jones Industrial average surged above 9000 points, almost increasing 900 basis points. The US central bank holds a two-day meeting From Tuesday. According to the source, the central bank might cut the inretest rates by 50 points to 1 percent. Many investors believed that this move will help save the credit market. The shares of Citi-bank, Bank of America increased by 14 percent and 12 percent respectively. General Motor jumped 15 percent and it is said that US government is going to offer financial support to GM, helping it merge with Chrysler. On the other hand, the European markets also bounced a little. The average price and index of stocks increased 1.92 percent.

Feb 13, 2009 21:02 GMT-6	#1
GUESTSAN...	The size of the world stock market is estimated at about $36.6 trillion US at the beginning of October 2008. The world derivatives market has been estimated at about $480 trillion face or nominal value, 12 times the size of the entire world economy. The value of the derivatives market, because it is stated in terms of notional values, cannot be directly compared to a stock or a fixed income security, which traditionally refers to an actual value. Many such relatively illiquid securities are valued as marked to model, rather than an actual market price. ----------------------------------- sanjeppu http://stockmarket.bizoppjunction.com
GUESTSAN...

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