go you bargain hunters

Well Monark, lets see - here is what they had to say about Wall Streets trading yesterday:

“People have been nervous and when you have these tough markets, you get rallies like this, which are breath-taking,” said Bobby Harrington, head of block origination at UBS in Stamford. Connecticut. “I’m still not sure we’re out of the woods completely yet, but the bulls won today.”

The Dow Jones industrial average jumped 150.38 points, or 1.14 per cent, to end at 13,362.37. The Standard & Poor’s 500 Index gained 10.54 points, or 0.72 per cent, to finish at 1465.81.

The Nasdaq Composite Index rose 7.60 points, or 0.30 per cent, at 2553.87.

In the last few minutes, several events collided as market participants sold off US Treasury bonds, while in futures trading, investors covered short positions set up earlier in the day on bets the market would continue to fall.