The Dow has surged in recent trading, posting its largest two day percentage gain since October of 1987. All indications are that today will be another big day for bulls on Wall Street, as the markets are off and running in early trading.
This market confidence comes on the heels of President-Elect Obama beginning to take charge early by naming key members of his economic team. Of course, the weekend announcement of the government bailout of Citigroup contributed to the rally as well.
This is also a welcome respite for news readers. With every positive day in the trading pit, we're spared more pictures of anguished traders burying their head in their hands with full mellow-dramatic despair. Sadly, those images now render little emotional impact because they're so common and cliche.
It's nice to see Obama stepping up with authority. Watching President Bush take a knee with two months to go has been a pretty pathetic sight to witness.
25 November, 2008
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