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Is it possible that there was very optimistic economic news today in the Stock Market? The answer is, yes. In response to plan that came out of Washington involving taking toxic assets off the books of banks and placing them in a government backed clearing house, or something like that, all three major markets rose, with the DOW rising almost 500 points.
I welcome this news, it's been a better few weeks and hopefully this will spark even more good news to come. I imagine it is still a long and steady climb out, and that it will take time to see real results, but just being able to read a headline like "Dow jumps almost 500 points."
Skeptics, say what you will, but this is progress, and it did come from the Obama administration. It also came from Washington D.C., as strange as that may be, and involved banks. All of these things may seem strange together in a rave, but go with it!
And by the way, Obama can play Hardball, so suck it Chris Matthews!