Markets Up On Fannie/Freddie Salvation.
Markets thought the world was saved; judging by the size of the rebounds in the past day after the saving of America’s imploding mortgage giants, Fannie Mae and Freddie Mac. London rose, despite being down for seven hours, the US soared, then eased pointing to a more sober day here today. After Wall Street jumped 287 points, our market went all shy and futures trading suggested a flat opening compared to yesterday’s 3% leap. Investors here understand the nature of relief rallies by now. As