Politics: Right on schedule, it’s rally time
It’s nice to wake up to good news, at least in the short term:
Stock markets around the world on Monday jumped higher after governments took a series of aggressive steps to address the global financial crisis.
Stocks in Europe were trading up and key markets in Asia closed higher.
“It looks like we’re going to have a nice relief rally today,” said David Buik with BGC Partners in London
And the U.S. stock market is also expected to rally today on news the government is planning to actually buy into some of these banks and turn on the loan spigot and possibly end the credit crisis.
And of course, once the crisis is over, and the makers of bad decisions have been protected from the effects of their bad decision making, all these governments all over the world will gleefully surrender all this power they have accumulated.
Heh.
