Big Day on Wall Street
The markets were pretty pleased with Washington's new plan to shore up the banking system: The Dow Jones industrial average surged 497 points, or nearly 7 percent, turning in its biggest one-day point gain since November 21. Given everything that has happened over the last few months, you might think analysts would be smart enough to avoid issuing proclamations the worst is behind us. You'd be wrong! "This is the bottom," James W. Paulsen, the chief investment strategist at Wells Capital Management, told the Times. And Now you know who to call if the market heads south again tomorrow. [WSJ, NYT, MW]