Stocks are Up and Glowing!!

I was amused to watch today’s stock quotes. Almost all stock markets were in green since morning. After several days I had a chance to watch such rare phenomenon. And of course I’m 100% sure that tomorrow many will be in red and some will be in deep red.

The major reason for the rose in stock markets may be attributed to investor worries about the outcome of the U.S. government's stress tests of the country's 19 leading banks were allayed by better than expected economic and corporate news around the world.

Concerns about the stress tests increased after the Wall Street Journal reported that federal regulators have warned Bank of America Corp. it will need to raise around $35 billion to plug a capital shortfall, way more than most expectations. The Journal cited unnamed individuals apparently familiar with the situation.

Internal sources to the press had informed that the bank executives are pre informed about these stress tests which were designed to show how a bank would perform under different financial and economic conditions.

Stocks are glowing in green due to the hopes of investors that recession may cut off soon and markets may cherish again.