Biggest Five Day Rally!

I was just reading that Wall Street had its biggest five-day rally in more than 75 years. Some of the big reason’s for the rally was because President-elect Barack Obama named his economic team and of course the big loan to Citigroup. And let’s not forget that the Federal Reserve finally decided to buy those bad mortgage-backed securities. I don’t know if those where some of the best choices, but it worked for now. If buying the bad mortgage-backed securities don’t work it’s going to cost us an arm and a leg, so lets hope this idea works. I also hope next week brings similar results, because we sure need it. Also next week will have a few reports coming out, like the employment report from the Labor Department. A report like the employment report could really swing the markets, so lets hope this report comes out good.

Tags: Wall Street