Optimism Returns

After a terrible employment report this morning, the stock market has mounted a strong rally. Near the close, the Dow is up 239 points or nearly 3%. Financial stocks have led the market up today. Earlier, Bank of America's CEO, Ken Lewis, made strong comments against nationalization of banks and purchased another block of BAC stock. This seems to have given some bank shareholders hope that their stocks will still have some value left after the crisis subsides.