Stocks Rally

What a nice monday! Stocks soar all of global markets. Asia has started the day with a big bounce. After that European markets joined that rally. Last of all, Wall Street adds to recent rally on Obama comments on economy and hopes for automakers.

Barack Obama pledged to boost the economy with the biggest public-works spending package since the 1950s. Obama’s plan to boost the economy with a “substantial” infrastructure stimulus package sent global stocks rallying.

At a briefing Monday morning, White House press secretary Dana Perino said "we've certainly come a long way from where we were at the beginning of last week," and that "indications are that the legislation is moving more towards what the President could support." So GM and Chyrsler could get up to $15 billion in federal loans as soon as Dec. 15, according to a working Democratic draft of proposed bailout legislation. After that reports GM shares jumped as much as 25 percent.