Rally day today as the concert of central banks have unveiled a series of stimulative actions.  First, China announced a decrease in reverse requirements.  Then, hours later, the central banks of the United States, Canada, England, Japan, European Monetary Union, and Switzerland announce coordinated actions.

Further Reading

NASDAQ: Central Bank Action Leads to Early Rally

NYT: China, in Surprising Shift, Takes Steps to Spur Bank Lending

NYT: Central Banks Take Joint Action to Ease Debt Crisis

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