CIT was thrown a lifeline by private not Federal investors and Wall Street reponded with gains and more optimism. Texas Instruments reported better than expected earnings as well.
The talk is that this could be another week of gains. Hey, whatever.
The leading indicator of the US economy, equities, is having a ripping time while the tail end of the economy, jobs and the average joe are caught in frigid hell.
The truth is now that we are more aware of the extent of Goldman Sachs' financiers throughout this economic century, what Sachs says has importance. They are now saying that their estimate for where the S&P 500 will be at year's end is being raised by over a hundred points.
Reuters: Nikkei climbs as recovery hopes revive, banks up
...revived hopes of a U.S. economic recovery...
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