Bob CollinsWe interrupt the steady drumbeat of bad news for this message.
Whooo hooooo!
The Dow closed almost 900 points higher today. And it all happened in the final hour of trading. It was the second-largest point gain in history — the largest was just two weeks ago.
According to the Associated Press, bargain hunters were buying “in anticipation of a Federal Reserve rate cut, (and) grabbed stocks that have been pounded lower in recent sessions.”
Is that a bottom?
