Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, April 01, 2008

No April Fools

Despite more bleak news on the credit front from USB, markets took off today. All indexes added more than 3%. Most financial stocks added anywhere from 6 to 10%. Could this be the corner we were waiting to turn? While it may have felt like an April Fool's joke, the rally was real and welcome. Don't expect these numbers to hold, though. DJIA +391.47 NASDAQ +83.65 S&P 500 +47.48