Wall Street confidence improves as Dow closes with largest point gain ever in a single day

Over the past few weeks while investors, investment bankers, and others, all whining that Wall Street was going to collapse. The federal government – pushed by President George W. Bush, as well as others in the administration, put together two bailout packages, with the latter with a $700 billion price tag, was eventually being approved by the House and Senate, then signed less than an hour later by Bush.

Some wise people I know, people I trust, were saying the past few weeks, while tough economic times were upon us, to chill out and wait. In fact, buy stocks – as many and as much as possible – while everyone was selling off and prices were low. The folks on the other side of the street, where it seemingly always rains, were talking doom, gloom, and stock market crashes.

Today, when Dow Jones closed, the boards were up more than 900 points, according to early tallies, which means it’s the single biggest point gain ever in a single day.

Hey, Chicken Little: the sky still hasn’t fallen. Change your diaper and crawl out from under that rock!

Remember, good ol’ Barack Hussein Obama and John McCain cannot reverse the economy. Business must do that by itself, which is why we have a free market and free enterprise.