+936, NO WAY!

I was intrigued by an article that said "Stocks Soar 11 Percent" because I am used to seeing "down 600 points" or something of that sort. The Dow Industrial went up 936 points today which is the "biggest gain in the American stock market since the 1930s". Now, we all know about the $700 billion bailout plan, but I am sure some of us were waiting for some results. Well, now they have shown, in record highs. Many stock buyers were pessimistic of the market and did not want to invest. They were afraid that if they bought, their stocks would only go down. Over the weekend, the stock buyers began to realize that this was a very good time to buy and it could only get better. Today when the market opened, stock buyers bought many shares and that is the reason for the the massive increase of points in the Dow. 'Ryan Larson, head equity trader at Voyageur Asset Management in Chicago. “The key thing to take away from this is the key pieces of this puzzle, of this fix, are beginning to appear.”' This article uses pathos when they explain the high position Ryan Larson has which gives the notion that what he is saying is true. So, from what he says, the economy is only going to get better and America is on the road to recovery.

This incident is so interesting because this huge jump in points also happened during the road to recovery during the Great Depression. Now, the Great Depression is obviously worse than the situation we are in, but it gives me hope and optimism for the future. I am very excited to see how the markets react tomorrow after such a massive increase of points. Ryan Larson does say,"In this process you’re going to have up days, with five-plus percentage swings, and you’re going to see down days, five-plus percentage swings." If the market goes down a little tomorrow, I will not be surprised, but I am more optimistic about our future because of the record gain today. America is on the road to economic recovery.