1. How Did Stocks Get So High?
- Author
-
Farzad, Roben, Applegate, Evan, Hwang, Inyoung, and Nazareth, Rita
- Subjects
STOCK prices ,STOCK price forecasting ,STANDARD & Poor's 500 Index ,STOCK price indexes ,GOVERNMENT securities ,GLOBAL Financial Crisis, 2008-2009 - Abstract
This article discusses the high value of financial stocks despite the relatively weak U.S. economy that emerged from the 2008 global financial crisis. Topics include the 25 percent rise in the Standard & Poor's 500-stock index in 2011 and 2012, the market assistance provided by the U.S. Federal Reserve in the form of bond purchases, and the potential threat posed by the fiscal cliff in the U.S., a result of lawmakers' inability to reach a consensus on spending cuts and tax increases.
- Published
- 2012