Although Citi, the nation's largest bank, warned of taking a huge finanical beating as a result of the mortgage mess, the Dow Jones once again surpassed 14,000 today, closing at a new record high. Contributing factors were a recent interest rate cut and the general belief that the worst of the credit crisis is over.
Good news for everyone! Which is why you probably won't see it in the headlines of the MSM very much...
There's my two cents.
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