The market saw decreases Monday after days of ending with gains.
Wired PR News – Wall Street began to see losses again after days of significant stock increases. As reported by the Associated Press (AP), the market was down on Monday following a rally in financial stocks.
Despite the decreases, a number of stocks did rise, as analysts stated the declines were not a signal of newfound worry from investors. Dave Rovelli with the New York based Canaccord Adams brokerage is quoted as stating, “This is healthy… The best thing for this market is that we don’t go up aggressively. A steady rise of a few up days then a down day would be a lot better than 1,000 points up.”
As noted by the AP, several stocks were shown to have risen earlier in the day in response to remarks by the Chairman of the Federal Reserve, Ben Bernanke, the day before. Bernanke stated in a “60 Minutes” interview that the recession could end in 2009 if efforts in restoring the vitality of banks and financial markets were successful.
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