The market rebounded in a big way today. The largest recovery since the Great Depression came after a week of historically bad losses. Analysts are primarily crediting increasing investor confidence for the jump. One can't know for sure, but we should consider the possibility that today's trading was driven by bargain-hunting investors trying to get in on the ground floor. Certainly, these investors played some part in the day's trading. Time will tell if today's action signaled a genuine recovery.
Full story from Renae Merle at The Washington Post:
Wall Street roared back yesterday, rebounding from last week's dismal performance with its largest rally in 70 years and revealing renewed confidence in U.S. and global efforts to combat the financial crisis...
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