Econwatch
Sep 2, 9:11AM
By Daniel Carty / 1 Comment

Stocks Face Long Road Back to Pre-Recession Heights

(iStockphoto)
The economy may be showing signs of recovery, but the stock market is still a long way off from it's pre-recession highs of October 2007 and it may take new bubbles in the energy and credit markets to bring them back, according to a Wall Street Journal report ($) Wednesday.

Neither, of course, would be desirable, the paper notes, so investors may just have to deal with a slower-than-desired market rebound.

The report points out some impressive numbers:

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Jun 1, 9:45AM
By Daniel Carty / 10 comments

Dow Jones Boots GM, Citibank

(AP Photo/Paul Sancya)
Two perennial corporate titans are being replaced on Wall Street's best-known market barometer.

Dow Jones is pushing out newly bankrupt automaker General Motors and financial giant Citigroup from its industrials index in favor of Cisco Systems and Travelers Companies, Inc., respectively.

The move will be effective June 8 and reflects the two companies' turbulent recent history.

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