Market Rise

Wednesday, 11 March 2009 17:58

Putting losses in perspective  <

“Tick Tick…” hear those sounds? That’s right, just two days after launching Support Our Bankers (SOB), the market has picked up an amazing 473 points (after going down 3800 points last Nov.). Markets rally when a significant financials are announced (or secret memos are leaked). Vikram Pandit “encouraged with the strength of our business so far in 2009”(that’s what the memo said) seems to have spurned the movement. The key terms, of course requiring immense years of study in business and economics and/or business experience, are “encourage” and “strength.” These are the kinds of words we need to revive the market that presently lays comatose in an emergency ward (where else would the market sleep?). Magical words of healing from Pundits (or Pandits; yah that’s where his name comes from) stimulate the economy to rise (In your name Jesus, awake). Wait, that noise. It sounds more like “Tick, Tock...” 1