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Published: Thu, 30 Jul 2009
Description: A down day on Wall Street yesterday, but overall the markets have been making a comeback. Are we out of the woods? And can the markets rally to the high they were experiencing a year ago?
Full Article: http://www.myfoxboston.com/dpp/business/markets_on_the_rebound_073009
Automatically Generated Transcript (may not be 100% accurate)
" And their Gloucester yesterday but overall the markets have been making a comeback are we out of the woods and -- and the market's rally to the height weight and money are now turning financial -- a dirty Americans. Both of money matter. RWR. Area. Barry I ask you are. And we get back to where we are well it'll be a long time before we get back to -- out I'm very happy the way to market recovered mark. Fourteenth but. Still way way up to it but not at the -- A look at you know back in March were -- You were -- for quarter of year where we would kind of corporate. But. He's been dramatic normally when you hit bought."
" We 500 clearly the bottom market. Normally would 30% rebound within twelve months that would take in March 2%. We are now about forty off of that bottom of 500 futures Europe morning which means we're gonna have a pretty good opening -- and it ruled that job numbered about half an hour. But the market has gotten off the thing that I can think of me -- 500 artificial maybe we should never gone that low may -- things aren't as dire as we were led to believe the -- and mark and that we couldn't tactical -- sent -- 200."
" On the Al -- march of next I think detour. -- heard that on like that quickly I fact that maybe I've always -- I think that means -- it was funny and."
" There were great concern that we are. Major banks and Bank of America Citibank park we're just going to collapse and they're all gonna lose money banks or Canada -- or. Even if they. The fact of the matter we've -- to the five bank failures in 2009. But people aren't money. Their money has been in toward. -- upon have been guaranteed by the federal government and the major been propped up."
" By the government so the banking and is holding up --"
" Treasury Ian and Federer -- They're propping up the banking and many people are starting did you feel a little bit more confident in the fact that the world not coming to an end right. With unemployment rate waiting and we declared. Over you know that the big debate in Italy -- or The Wall Street Journal and everywhere. There -- national. I don't think it I think you're going to a lot of economies -- the and over of the end of the second quarter of delight for over. I don't think it I think your weight and learned it really didn't end until end of the third quarter I think we're deliver now July. Through the end of September of two nine I think we'll learn later. Where the but I do believe that by October fur. -- nine we will begin coming out of that to mean that everything is hunky dory and the world is held back all the means that the economy shrinking. I think the economy will continue to shrink. -- in the third quarter and what about unemployment. And the you know a million darkness and you know you can a victory over. Unemployment and an 11% -- going to be broke -- shortly. And it does matter with an economist --"
" If you're unemployed at it. And I don't think you're a real in the employment until next year and ninety per sent him money."
" That -- approved by congress gets early in the two out intent and that when you're -- In engineering jobs architecture -- Come back to the economy. I don't look for unemployment dropped dramatically. And they'll probably bring without intent. --"
" We were talking about how quickly like all of the app. World went out. The working world from a lot of W now looking to opt for a laugh at the world very different. When America is in for young people like -- and --"
" It is hard to it would never hear me out. And it ain't nobody in that degree. And unemployment rate we haven't 198180. And people that we're making real wage worker that might have been an eighty dollar dollars. A year ago is now grateful to take a job making fifty. And skilled worker who has something to offer to and employ employers -- hire Rick. The Little -- even higher in early 1990 how far back --"
" Going back and fifteen -- to pick which will increase and economy gets better and Clinton. Is going to be very gradual before and police had any kind of."
" Before didn't go to the bar and -- and in a one. And people. You -- and would love to have your job at the dollar a year. A few moderate you later. -- A whole lot better than anything that's."
" Aren't there like always grinning from four to be getting more or Palm Beach we didn't like the -- I infrastructure could you."
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