Topic: Stock Trading News – Obama's recovery plan seen lifting stocks in 2009: poll – Reuters
From its October 2007 record, it has fallen about 42 percent, but from the recent bear market low of November 20 it has gained approximately 21 percent, thanks in part to huge planned government spending for early next year. But before the stock market firmly sets itself on a course to recovery investors may have to brace themselves for news on the economy getting worse, possibly sending indexes to fresh bear market lows. It could be the effectiveness of the bailout, a major player going out of business, worse-than-expected job losses,” said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more
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