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Current Events: STOCKS RALLY HIGHER ON FEDS LATEST BAILOUT PLAN
Posted on Tuesday, March 11 @ 15:46:42 CDT by michigan |
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STOCKS RALLY HIGHER ON FEDS LATEST BAILOUT PLAN
Wall Street rallied today on news that the Federal Reserve is planning on pumping $200 Billion into the liquidity starved credit markets.
The Dow Jones Industrial average was up over 400 points today, it's biggest one day rally since 2002.
Clearly the markets liked what the Fed had to say. While this plan does do more to help the credit crisis by providing much needed liquidity for new loans, one has to wonder if this bailout of bad investments isn't just prolonging the inevitable.
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