At mid-afternoon trading today the Dow was up 339 points and the NASDAQ is up 47 points. I’m a bit surprised because most of the economic news coming out today was negative.
Housing prices are down, foreclosures are up, consumer confidence is at its lowest point in 35 years, and the White House has been reduced to begging banks that took part in the $700 billion bailout to stop hoarding the money they got from Uncle Sam.
Fidelity Investments, Whirlpool...
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