Day After Bounce

A day after the Fed meeting and the announcement of a lower rate, markets bounced. Why now? Oil prices dropped significantly today, giving much needed relief. So, despite dour news from Home Depot-- they are closing stores. Despite GM's troubles-- they're still not making the sales. Markets posted big gains. The Dow added about 1.5%. NASDAQ gained nearly 3%. Another bit of economic news that helped the rally was the report on consumer spending. We're keeping it up! Did you have any doubt? DJIA +189.87 NASDAQ +67.91 S&P 500 +23.75