The stock market has posted positive gains for the 4th consecutive week. The stocks rallied Friday despite a negative March jobs report. Ever since the market hit a 12 year low on March 9th, all three major indexes have risen more than 20%.
The job market doesn’t scare investors as much as company failures because it has always been a lagging factor during recessions. Basically, even though employers cut 650,000 jobs, many investors feel that the governments infusion of money may start having an effect on the economy in 2009. The G-20 summitt of countries last week pledged over $1 Trillion for the International Monetary Fund. I feel as if the bottom of the recession is here and that the economy will not start fully recovering until 2010. I think the country has seen part of the mortgage problem; however, I feel as if the consumer credit card problem will come more into play during the latter part of 2009.

Tags: g-20, IMF, jobs, obama, rally, stocks