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May 1, 2009
Posted: 04:00 PM ET
Stock markets have been rallying for almost two months now since the Dow hit a nearly 12-year low in early March. The S&P 500 has surged about 30 percent since then; and the Dow Jones industrial average has posted its best two months since the start of the last bull market in 2002. International indexes are up sharply too, marking the strongest global stock rally since 1991.
Traders work on the floor of the New York Stock Exchange moments before the closing bell. One expert tells the Financial Times: "All the things are in place for the bear market to have ended." And it's not just stock markets that are rebounding... credit markets, emerging markets and commodities - like oil - are all on the rise. Also, although company earnings are still decreasing, they aren't as bad as they were. Surprise results have come from companies like Wells Fargo, JP Morgan, Ford and Apple. And then there's the massive economic stimulus program that may have started to work its way through different parts of the economy. It's hard to believe two months ago we were all talking about the first depression since the 1930s, deflation and bank nationalizations. But markets often improve before the wider economy does; and some think the markets could keep rallying for another six months. The 'glass half empty' crowd isn't convinced. They suggest the current stock market rally is not for real. They worry that banks will continue to hold back lending and housing prices will continue to fall. In light of the fact that many Americans have been standing on the sideline for some time... Here’s my question to you: Is now the time to invest in the stock market? Interested to know which ones made it on air?
Rudy from Irvington, New York writes: Tim from Washington writes: Terry from Illinois writes: Elijah from San Francisco writes: Bob from Penney Farms, Florida writes: Patrick writes: Ray from Kalamazoo, Michigan writes: Filed under: Recession Wall Street
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