From a Yahoo! News story: “NEW YORK (Reuters) – Stocks climbed on Tuesday, driving the S&P 500 to its best month since October 2002. Upbeat news from Europe set the tone for financials, helping them recover much of Monday's losses and continue a recent robust rally after British bank Barclays (BARC.L) declined to take part in a government asset-protection plan. Even as the broad S&P 500 rose 8.5 percent in March for its best one-month percentage gain since October 2002, uncertainty about the struggling economy left the benchmark U.S. stock index down 11.7 percent for the first quarter.” I think this is rather dumb. Doesn’t anyone adjust for the change in the average? 8.5 percent sounds like a lot but 8.5 percent of 1,000 is a lot less than 8.5 percent of 10,000. There is no reason to smile. Please.
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