Bullish Blog

AFP - Shares in London closed higher on Tuesday, getting a boost from a rebound on Wall Street as investors hoped another vote on the US financial bailout package will see the plan passed.

Reuters - The Toronto Stock Exchange's main index jumped more than 4 percent on Tuesday, recouping more than half the previous day's heavy losses, as energy issues got a boost from crude oil's recovery, while hopes for a revived Wall Street rescue plan calmed investor nerves.

AFP - A powerful Wall Street rally Tuesday helped lift global markets a day after a near-meltdown as investor hopes grew on the prospects for a new US financial rescue package to ease the crisis.

Reuters - World stocks were at near three-year lows on Tuesday but fears of a major market meltdown failed to carry through from Wall Street to Europe as confidence in bank rescue packages persisted.

AFP - London's FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.

Although the huge financial-rescue plan may help Wall Street, there's still plenty of bad news to come in the real economy. History gives us reason for hope, however.

It could get uglier out there, so the best bet now is to sit tight. The third-quarter damage to our model ETF portfolio: a 13.1% slide.

AP - Volatile world stock markets showed mixed reactions Tuesday to U.S. lawmakers' rejection of a $700 billion economic rescue plan, with global investors turning from sellers to buyers as the day progressed.

AP - Alarmed by setbacks, supporters of the imperiled multibillion-dollar economic rescue fought to bring it back to life Tuesday, courting reluctant lawmakers with sweeteners including a plan to reassure Americans their bank deposits are safe.

AP - Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.