Holy Dow!!!

Holy Dow, Green Monday, Moola Mania… Whatever you call it, this is a big relief for U.S. stock market. What a ride we had in the last 10 days! Dow Jones climbed 936 point to offer much needed relief to the investors. U.S. stock market paper gains totaled $1.2 trillion Monday according to the Dow Jones Wilshire 5000 Composite Index. The massive rebound also pushed the Nasdaq composite index higher by 195 points, or nearly 12 percent, its second-biggest gain in percentage terms. The Standard and Poor’s 500, rose 104 points, its biggest point gain ever and an 11.5 percent…

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Economic Pearl Harbor

Warren Buffet compared current economic crisis in U.S. as “Economic Pearl Harbor”. That’s a strong statement from an investor like Mr. Buffet. He mentioned this in “The Charlie Rose Show” yesterday. “This really is an economic Pearl Harbor,” Buffett said. “That sounds melodramatic, but I’ve never used that phrase before. And this really is one.” He also said “In my adult lifetime, I don’t think I’ve ever seen people as fearful economically as they are now”. Related Link: Charlie Rose Show

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