Stocks: Still Down on the Week


Whee! Isn’t this fun? Stocks are "skyrocketing" today, after "soaring" yesterday — the Dow’s up 700 points from where it closed on Wednesday. Let’s not tell anybody that at its current level of 11,316 it’s actually lower than where it ended last week. It almost seems as though markets are becoming immune to bailouts. Which I guess is one way of reducing moral hazard and the worries surrounding the Bernanke Put.

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