Battered Stocks Rebound on Tuesday
Source: http://Blog.QualityStocks.net/?p=12669Posted on Tuesday, September 30th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
After Monday, and one of the nation’s biggest sell-offs in history, stocks began to rise again. On Tuesday afternoon, more than half of the ground lost by the Dow was recovered, as the index rose 400 points. Opportunistic investors took advantage of Monday’s crash, swooping in for bargains and reversing an ugly trend. The indices will likely continue to be strongly linked to news concerning the status of the government bailout, which as of Tuesday, was all but dead in the water. At least for now, the markets appear to be healing from their horrific injuries, but investor skepticism remains at an extreme high.
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