The real test of U.S. markets rally begins

After rising for six consecutive months from March to August this year, stock indices on Wall Street will undergo a real test in this and next week, namely a series of grim anniversaries of the securities market in the U.S. and the strengthening of the activity of market participants after the end of the holiday season. During this week the anniversary of the takeover of troubled mortgage banks Fannie Mae and Freddie Mac by the U.S. government. The managements of both companies, which are granted or guaranteed more than half a million mortgages in the U.S., were freed after having amassed billions of dollars in losses from the collapse of the housing market in the U.S. in 2008. A week later went bankrupt investment bank Lehman Brothers, and Merrill Lynch was bought for hours of Bank of America. Only a series of government interventions failed to prevent panic on stock exchanges. Federal Reserve rescue of the threatened bankruptcy of insurance company AIG, the government developed the first version of the plan to rescue the financial system. One year after those dramatic events on Wall Street and six months despite the strong rally of the indices from the beginning of March, the index of the 30 largest stock companies, Dow Jones IA is still 13.5 percent below its level of September 2008 broader index S & P 500 has reduced its value by 15% and technological Nasdaq Composite was down by 7%, cited by CNN. Historically, September is the most difficult month for Wall Street, because it brought the greatest loss of major stock indices. This week, however, is quite poor in economic data and, moreover, is shorter, because on Monday the stock exchanges in the U.S. and Canada will be closed for the celebration of Labor Day.