Stale Green Light

Are you prepared for a change in the green?

  • May 10

    The stock market finally rallied after European officials approved a rescue plan that will help the financially troubled nations in Europe and stabilize the euro.

    This plan involves nearly $1 trillion dollars and because of the size and the scope of this rescue plan the stock market seemed to approve.

    The Dow Jones industrial average gained 405 points. This means that the market closed with a 3.9% average, the biggest one-day point and percentage gain since March of 2009.

    It was not just the Dow Jones industrial that reacted positively to this news, but stock markets all around the world.

    There have been months of concern about what would end up happening to the euro and the financial repercussions it could have on the rest of the world’s stock markets.