Credit crunch, we hardly knew ya. The Dow Jones Industrial Average muscled back to a new high, surpassing the record set in July before bad loans in the housing market rocked Wall Street banks and hedge funds. Are stock investors delusional or are we really out of the woods?
DOW ROARS TO NEW RECORD:
The headline: Dow Roars 192 Points To A Record 14,087.55 On 1st Day Of 4th Quarter.
Dylan Ratigan explains that stocks rallied Monday in spite of a Citigroup warning and UBS losses. He says that doesn’t make sense! Also the S&P 500 is now within 9 points of its record high of 1,555.90 he adds and the NASDAQ surged nearly 1.5% to its highest level in 6 years.