Really, it’s not. A $40 billion giveaway from the Fed to huge corporate banks, secured by… the same worthless assets that everyone already agrees are worthless. This time for sure, Dow to 100,000! And Yahoo! finance has done a great job of republishing timely and nuanced reporting today:
“Stocks rebound” all the way to… zero change from yesterday’s close. And there’s still another hour left for the wheels to come off. I think they’re going to have to rewrite that headline at some point.