[Ed. – Big flick: Correction; global dithering. Bottom line: nowhere else for the investment dollar to go.]
A 442-point surge for the Dow vanished at the end of the trading session Tuesday, the latest sign of how anxious markets have become about the health of the global economy.
At the end of yet another wild day of trading, the Dow actually ended with a loss of 205 points as fears continued to mount over China’s slowing economy and its contagion effect on the rest of the world. Just in the last six trading days, the Dow has lost a total of nearly 1,900 points, or 11%. …
Global markets cheer China’s emergency move
Investors around the world cheered China’s emergency actions in hopes they will at least stabilize conditions in Asia. European stocks surged 4% higher, with Germany’s DAX rallying nearly 5% just a day after falling into a bear market.