Banks Work Together to Keep Dow Afloat

in Market Commentary by

[dropcap]E[/dropcap]conomic conditions are far from ideal and uncertainty surrounding the European debt situation is likely to persist. However, it is encouraging to see coordinated efforts such as this – it highlights central banks’ willingness to take whatever means necessary to stem another fallout like 2008. Even if there is a Greek default, if it is done in an orderly manner, it should be bullish for equity markets.

Read more:

Banks Lead Dow to 186-Point Gain

Read the full article at the Wall Street Journal.

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