Archives for April 2010

What’s a Trillion?

In today’s financial headlines – the word Trillion is often casually thrown around. So much so, that it’s easy to lose perspective on how much money this really represents. Picture a stack of $100 bills. It might surprise you to know that it only takes a stack four inches high to be worth $100,000. So $1,000,000 would be a stack of $100 bills 40 inches tall. How about a Billion? Well, you would have to stack $100 bills up to the top of the Empire State Building…twice…in order to reach a Billion. So to picture $1.25 Trillion represented by a stack of $100 bills – that stack would be 850 miles high. If you could turn that stack on its side and were able to drive alongside it, it would take you longer than 14 hours to reach the end. If you laid those $100 bills down side by side, they would travel around the world 50 times. We’re talking about a lot of money here.  

Source: Barry Habib, Mortgage Success Source

Photo by: photos8.com

Q1-2010: Stocks Were Up For The 4th Quarter In A Row

The stock market extended it’s rally for the fourth quarter in a row.

Here are the details:

Dow Industrials

  • Up 429.58 points this quarter, or 4.1%, to close at 10856.63.
  • Best 1st quarter performance since 1999.
  • March was the best month for the Dow since November 2009.

Nasdaq Composite

  • Up 128.81 points this quarter, or 5.7% to close at 2397.96.
  • March was the best monthly percentage gain since July 2009.

S&P 500

  • Up 54.33 points this quarter, or 4.9% to close at 1169.43.
  • 25% off its October 2007 high.
  • March was the best monthly percentage gain since July 2009.

Sources