A Christmas Present

Markets gave us a nice gift today. All indexes were up considerably. Earlier in the week, Morgan Stanley got a big infusion of cash from China to help with their subprime problems. Today, Merrill Lynch announced they will get a bundle from Singapore. The cash was welcome, but it's strange that these bailouts are coming from across the globe. The Christmas green was a welcome sight for all! DJIA +205.01 NASDAQ +51.13 S&P 500 +24.35