Could the stock market turn around on March 12th?
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Could the stock market turn around on March 12th?

March 8, 2009 – 10:08 pm – No Comment

A report on the CNBC website states that the stock market could surge on March 12th after the House financial services subcommittee re-examines mark-to-market accounting rules that are blamed for making banks write off billions of dollars.

Jon Najarian is expecting an “explosion” in the financial markets. He said that if the government relaxes the mark-to-market rules for 12 to 18 months, then “you could see financials move 100% in a matter of hours.”


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Jeremy
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