Respite Tuesday
The monster decided to sleep today. After devouring securities like they were rice cakes, he was satiated and slept. We can safely unlock our doors till Wednesday morning.
Wall Street had a itty bitty run today with the DOW gaining 236 points and the S&P gaining almost 30 points. When investors see incredibly sturdy and well established companies with stocks at below bargain basement prices, they go shopping.
They say its all because of Bernacke's 10 a.m. speech in which he spoke of non nationalization and a potentially long recovery.
Reuters: Wall Street rises as Bernanke eases bank fears
Wall Street had a itty bitty run today with the DOW gaining 236 points and the S&P gaining almost 30 points. When investors see incredibly sturdy and well established companies with stocks at below bargain basement prices, they go shopping.
They say its all because of Bernacke's 10 a.m. speech in which he spoke of non nationalization and a potentially long recovery.
Reuters: Wall Street rises as Bernanke eases bank fears
posted by Sande at
4:12 PM
3 Comments:
We'll take it!! As the saying goes , any port in a storm!
Amen to that. Its been a nightmare.
No shit! I hope Ben is telling the truth. We've all had enough phony PR from DC and Wall ST. WE need clarity and truth to get through this not more HR rah rah.
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