March 19, 2009

Editor's Choice March 19, 2009

Bravo if you carried through. After all, it's not every day you can get a rise like this one via Treasury securities. The Fed did in fact announce a program of purchasing Treasury securities--to the tune of purchasing up to $300 billion on "longer-term Treasury securities over the next six months," and "an additional $750 billion" of Fannie and Freddie mortgage backed securities. Read the Fed's March 18 Statement here:

Jeremy Siegel posits that "Once the Market Has Fallen 50%, Your Future Returns Are Even Better" in an interview available via podcast or print on the Knowledge@Wharton Web site in which the finance professor at Wharton notes that: "It's time the bulls had a little bit of room to celebrate," and talks about why he thinks that's the case.

The Conference Board Leading Economic Index fell 0.4% for February, according to an announcement March 19. Numbers were revised for December and January as well.

Kathleen McBride, Editor in Chief

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