Hey lets not shoot ourselves now because the dow ended the day down. Its still over 1000 points off its low and it never moves up in a straight line.
The good news is that the financial system is improving...
thestreet.com - 10/14/08 - 02:07 PM EDT
Action in the money markets suggests the international relief effort may be gaining traction against the credit crunch. Bloomberg reported that three-month dollar Libor, a measure of the rate banks charge one another for large loans, declined 12 basis points to 4.64%. The overnight rate lost 29 basis points to 2.18%.
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