03-24-2008, 08:51 AM
Quote:
U.S. stock futures signaled a stronger start to trading on Monday, with reports of a potentially higher bid from J.P. Morgan Chase & Co. for Bear Stearns Cos. in sharp focus.
Last week, U.S. markets recovered from wild swings to post their first weekly gains in a month in a week shortened by the Good Friday holiday. Some believe the market is trying to recover from the impact of the credit crisis.
"Investors have decided that the worst is now over with the buyout of Bear Stearns (effectively avoiding bankruptcy) and investors can once again buy stocks - especially financials," said Paul Nolte, director of investments at Hinsdale Associates.
Last week, U.S. markets recovered from wild swings to post their first weekly gains in a month in a week shortened by the Good Friday holiday. Some believe the market is trying to recover from the impact of the credit crisis.
"Investors have decided that the worst is now over with the buyout of Bear Stearns (effectively avoiding bankruptcy) and investors can once again buy stocks - especially financials," said Paul Nolte, director of investments at Hinsdale Associates.