The hopes had led US share prices to close higher on Wednesday, reversing falls seen earlier in the day.
The Worldy Hope - that men set their hearts upon
Turns to Ashes - or it prospers
And soon - like snow upon the Desert's Face
Lighting a little hour or two - and is gone
Come then -with Old Pruffock then and leave the Wise
To talk - one thing is certain - that Life Flies
One thing is certain - the Rest is Lies
The Flower that once has bloomed - forever Dies
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Previously on "Boomed!"
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Originally posted by DimPrawn View PostThe rebound came on hopes of a rescue plan for US bond insurers that could prevent a new wave of asset writedowns.
They tried this a month or two back and it involves the banks who are in the tulip putting up $5-10 billion each to bail out the Co's who are so called insuring all the bad debt created by them in the first place. Uber doomed, get buying those tins of beans asap.
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Maybe I should upgrade from the Focus I have on order to a beamer!
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Woohoo! All sorted then. Now I can go back to picking that new, expensive motor.
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Boomed!
http://news.bbc.co.uk/1/hi/business/7206125.stm
Stocks across Europe and Asia have rebounded, following strong gains for US stocks on Wednesday.
By 0820 GMT, London's FTSE 100 index was up 3.1%, in Paris the Cac 40 rose 4.5% and Frankfurt's Dax was up 3.1%.
In Asia, Japan's benchmark Nikkei index closed 2.1% higher, while key share indexes climbed by more than 2% in Mumbai, Hong Kong and Sydney.
The rebound came on hopes of a rescue plan for US bond insurers that could prevent a new wave of asset writedowns.
The hopes had led US share prices to close higher on Wednesday, reversing falls seen earlier in the day.
All back to normal now. BTL, house prices rising, unemployment falling, horray!
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