One of the biggest bear market rally as predicted - best quarterly rally for the Standard & Poor’s 500 Index since 1998
Sam Adelton
Jun. 29, 2009

The US stock market is ending the quarter with the biggest bear market rally since the great Depression. The S&P 500, the most widely followed benchmark index, increased 0.9 percent to 927.96 at 2.00 p.m. in New York and is up more than 17 percent in the second quarter. The Dow Jones Industrial Average climbed to 8,534. The Russell 2000 Index of small companies slipped 0.2 percent to 512. Almost two stocks advanced for each that fell on the New York Stock Exchange.

The divergence between the Russell 2000 Index and the S&P 500 is noteworthy. It is typical in a bear market rally.

One of the biggest bear market rally as predicted - best quarterly rally for the Standard & Poor’s 500 Index since 1998
Sam Adelton
The divergence between the Russell 2000 Index and the S&P 500 is noteworthy. It is typical in a bear market rally.
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Worldwide oil recession deepens: Oil watchdog cuts demand forecasts – a typical syndrome of bear marlet persists
Media Release
Overlooking the long term bear market indicators, the market focused on the short term signals as the same agency upped its forecast for global oil demand for the first time in almost a year.
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Japan’s industrial output rose for a third month in May – an impressive 5.9% gain
Alan Hershey
While the rise in output is hopeful sign, according to leading economists observing Japanese markets, Japanese economy is yet to see a pickup in final demand, which is crucial for it to sustain a recovery.
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Evidence of coming bear market in china - 20 percent of the 5.8 trillion yuan loans banks made in the five months invested in stock market
Peter Oberois
These Chinese bank funds and the economic stimulus money helped form a financial bubble, the newspaper cited.
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Japan leads Asia in early stock market slump with share holder value dilution – the new trend in stock markets
Sam Adelton
Asian stocks fell led by the Japanese securities. The companies are selling shares without caring the existing shareholders equity values.
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Unemployment rate for June may have climbed towards 10%, loss of Nonfarm Payrolls increased in June
Fred Day
The unemployment picture continues to worsen, although far less drastically than a few months back. The stimulus money is working to stabilize the economy but things do not look that great.
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The next wave of financial meltdown about to start – small bank lining up for TARP funds
Joe Weinman
If the economy does not turn around, the next wave of financial meltdown will wipe out the financial infrastructure.
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Lantus diabetes drug was linked to an increased risk of cancer in studies in Germany and Sweden : European Association for the Study of Diabetes
Special Correspondent
European Association for the Study of Diabetes says Sanofi-Aventis SA’s Lantus diabetes drug was linked to an increased risk of cancer in studies in Germany and Sweden.
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