How Now Dow Jones

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

The Dow is up over 400 points right now.  If it stays that way, it will be the 15th largest gain in history (point-wise, not percentage-wise).

I guess that means Wall Street likes Geitner's plan… but I'm not sure that's a good thing or a bad thing, seeing as how Wall Street got us in this mess in the first place, and made a mint by doing so.

UPDATE (3:41 pm):  It's now up 434.72.

UPDATE (4:00 pm):  Dow closed up just shy of 500 points (497.48), making it the 5th largest point gain in history, and, at 6.84%, the 20th largest percentage gain in history.