"With eyes on Washington, investors reclaim ground" by Steven Syre and Beth Healy, Globe Staff | October 1, 2008
The stock market rebounded from one of its worst beatings in decades yesterday, surging higher across the board on hopes Congress will return to work and agree on a bailout plan for the nation's financial system soon.
Pffft!! I am SO SICK of the AGENDA-PUSHING LIES!!!
FUCK YOU, MSM!!!!!!!!!!!!!!
Stocks gained back more than half the ground they lost in Monday's dramatic sell-off. The Dow Jones industrial average soared 485.21 to 10,850.66, an advance of 4.7 percent. The Standard & Poor's 500 index, which suffered its biggest one-day percentage decline in 21 years on Monday, jumped 5.3 percent yesterday.
Credit markets were not so uniformly upbeat.
Here's why: U.S. Banks Driving Credit Crunch ON PURPOSE!!
Key indicators that determine bank and business loan rates got worse, suggesting there is no relief in sight for the global credit crunch that is curtailing lending and threatening the economy.
Yeah, it is called BLACKMAIL or EXTORTION, take your pick!!!
Stock prices overseas also recovered yesterday, but more modestly. Most major stock indexes in Europe climbed between 1 and 2 percent. Stocks in Brazil, which closed its market after steep losses on Monday, jumped 7.3 percent yesterday.
Boy, the MSM sure does have you hopping and dancing on the swings of the Dow, AmeriKa!! I SAID DANCE!!!!!!!
Doesn't it bother you that the DOW only represents the WEALTHIEST CORPORATIONS and NOT YOU, 'murkn?
News of the Irish government taking action to shore up its financial institutions was received positively in Europe and may have had a positive effect here, according to Bernard R. Horn Jr., president of Polaris Capital Management in Boston. Ireland said it would guarantee the deposits and debts of all its major banks, after an index of Irish stocks dropped 13 percent Monday.
"That really settled Europe down a fair amount. And it provided a very well thought out, good example of how governments can actually play a role in fixing a big problem, which is a crisis in confidence," Horn said. --more--"
What, after they went to so much trouble to CREATE the PROBLEM?
This ain't a FIX, buddy, it is a GIVEAWAY to the RICH!!!!
