Monday, August 20, 2007

It's All Good

Global markets rallied today after Friday's move by the Federal Reserve to cuts the discount window rate.

Wall Street is set to open higher.

Reuters reports that policymakers across the world have also breathed a sigh of relief at signs that panic in the financial markets has eased.

The shills on CNBC are shilling away and waving their pom poms.

I guess all that bad news from last week that had people ready to jump off buildings on Thursday is gone.

Uh, huh.

Anyway, sounds like Wall Street is looking at a big gain this morning.

We'll see if that holds through the afternoon.

And then we'll see if any more funds fail this week.

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