Wow - did anyone expect this?
Stock markets soared today as, and unexpectedly I might add, the U.S Federal Reserve and other central banks announced a plan to make it cheaper for banks around the globe to borrow U.S currency.
The Dow Jones Industrial average jumped approximately 490 points (4.2%).
The S&P 500 rose 51.8 points (4.3%).
The Nasdaq added 104.8 points (4.2%).
Although this seems to have brightened everyone's day, this at best can be described as a short term relapse. Investors are now looking towards the European Summit which is to be held on December 9. This will (hopefully) provide more direction on how leaders plan to deal with the economic situation in both Spain and Italy.
What will the future outlook be? Only time will tell.
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| The emotions felt at certain stages of the Market. I love this one. |
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