on old snow mounds
Recently, we read the following:
New York Times: "Investors See a Glimmer and Shares Soar Worldwide"
"A few clues that the economy’s downward spiral might be slowing galvanized Wall Street on Thursday and sent the stock market soaring for the second time this week.
"Investors searching for relief from a relentless march of bad economic news found wisps of hope in developments that, not many months ago, would have been regarded as alarming. The news, by and large, was bad — just not quite as bad as feared….
"Less bad was good enough. The Dow Jones industrial average jumped 239.66 points, or 3.46 percent, to 7,170.06. The Standard & Poor’s 500-stock index leaped 29.38 points, or 4.07 percent, to 750.74. The Nasdaq composite index rose 54.46 points, or 3.97 percent, to 1,426.10.
"Since Monday, when the market fell to its lowest point in 12 years, indexes have soared roughly 10 percent, their best run since November…. A recovery is not around the corner, economists say, but there is a chance when it comes, the rebound will be fairly robust…."
And we thought:
.... which certainly makes a lot of baby boomers a bit more hopeful about their retirement funds -- and the future of their kids and grandchildren .... And with stress levels a bit lower, maybe they'll not need their erectile dysfunction meds as much.... =)