S&P reaffirms AAA credit rating for Ambac (ABK) & MBIA (MBI), sending stocks sharply higher in late day trading. Dow was up 189, advancers over decliners 3-1 & S&P was up 24. Each of these bond insurers was up 15% on the late day news, not to mention nice gains for most stocks. This was a sense of relief rally for the market but tomorrow is another day.
I'd like to add more but having computer problems, should be fixed by tomorrow.
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