Dow Jones Makes Largest Ever Single Day Point Gain
13 October 2008 1:05 pm by Taylor Marsh
BY TAYLOR MARSH
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| FINAL: 936.42 – 9387.61 |
Rebound Monday, baby. But..
“The governments around the world have thrown everything into this. … Democrats are thinking about a new stimulus bill. … We’re throwing everything at this one and the markets are responding. … We’re in for several years of a slow or no growth, a recession. It’s going to be tough.” – Steven Perlstein (Washington Post) on MSNBC
Well, it sure beats last week, making up 40% of what was lost. It’s still going to be tough slogging ahead.
Obama knows this and made a far ranging economic speech today, which called for a 90-day moratorium on foreclosures.
