The recovery in stocks wasn't unexpected as carnage on Wall Street often attracts bargain hunters, though questions remain about how investors will proceed. Without a bailout plan in place to absorb soured mortgage debt and other bad loans from battered banks, investors are left wondering what might restore confidence in lending.
Tuesday, September 30, 2008
Stocks surge higher, but credit worries persist
A pair of traders share a laugh on the New York Stock Exchange floor, Tuesday Sept. 30, 2008. Wall Street has ended sharply higher as investors bet that lawmakers will salvage a $700 billion rescue plan for the financial sector. (AP Photo/Richard Drew)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment