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Rally on Wall Street


jalaffa

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Rally on Wall Street

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Major stock averages rallied to reclaim their perch above key milestones, and the dollar fell as investors' concerns about euro-zone debt eased.

Participants welcomed remarks from China, which said it isn't planning to sell its European bond holdings. Separately, Spain approved additional budget cuts, easing concerns that it might face trouble similar to Greece's recent travails.

The Dow Jones Industrial Average surged 284.54 points, or 2.9%, to 10258.99, recapturing the 10000 level after it had closed below it Wednesday for the first time since early February. All the Dow's components rose except Johnson & Johnson, which slipped 0.2%.

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It still did not make up for the $125K drop in my portfolio. Damn Europe!

I cried like a baby that I am.

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Greece fucked up, not all Europe (sadly you do have a point, because these f*ktards of the EMU just don't understand: economies are built on trust and ruined by trust... (no, not distrust)).

Man, I really hope this won't turn into a mess within the next 50 years or so... Because, well, chances are, it will. (Doomsday, whaaaaaaahhhhh :rolleyes: :P)

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