Yesterday, in the stock market, will be viewed as historic.
External News Link: GLOBAL MARKETS-U.S. stocks rise on credit bailout news | Markets | Bonds News | Reuters
U.S. Treasury debt prices eased after stocks slashed losses on the Ambac news, causing investors to dump safe-haven U.S. government debt.
"Talk of an Ambac bailout to be announced over the weekend has given stocks a late boost to the detriment of bonds," said Andrew Brenner, senior vice president at MF Global in New York, in an email message.
The reason the market jumped so much is because the volume of stocks being traded is low. IMO, it's public day traders running the stock market right now. The long term investors have stopped trading or are putting money into commodities, ie gold, and oil.
The catch is, no matter how we look at it, we are trapped into economic meltdown.
Things are going to get rough. When the power shuts off in entire regions, because power
companies are controlled through foreign interests, things will get rough.