Nov 26 2008

Dow up 1,174 Points in 4 Days: A Gain of 15.5%. Last Time we Had a 4 Day Gain this Big? August of 1932.

We have seen an unprecedented 4-day rally in the stock market.  This is rather astounding given the parade of bad news. New home sales hit half century lows.  Consumer spending has fallen to lows not seen since 2001.  Unemployment claims are running at multi-decade lows.

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