The stock market isnt as bad as you think

By Paul R. La Monica, CNNMoney
2009-2-16 11:55:26

NEW YORK (CNNMoney.com) -- Happy Presidents' Day! Even if you have to work (like I do), the best part of this holiday is that the stock market is closed. And after last week, we all need a break.

The market tanked, with the S&P 500 falling 4.8%, putting it down 8.5% for the year. This despite a new bank bailout plan and the passage in Congress of the economic stimulus bill.

Still, there is a bit of good news

Unlike last year, much of the selling has been contained to shares in financial companies - the S&P Banking Index is down 46% so far this year.

In fact, 172 of the stocks in the S&P 500 are in positive territory.

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	The stock market isnt as bad as you think By Paul R. La Monica, CNNMoney 2009-2-16 11:55:26 NEW YORK (CNNMoney.com) -- Happy Presidents' Day! Even if you have to work (like I do), the best part of this holiday is that the stock market is closed. And after last week, we all need a break. The market tanked, with the S&P 500 falling 4.8%, putting it down 8.5% for the year. This despite a new bank bailout plan and the passage in Congress of the economic stimulus bill. Still, there is a bit of good news Unlike last year, much of the selling has been contained to shares in financial companies - the S&P Banking Index is down 46% so far this year. In fact, 172 of the stocks in the S&P 500 are in positive territory.