This run may not last (nor will it cure the long term problems in the economy) but if nothing else, it’s good to see that the global markets are retrieving some of the recent losses. Europe unexpectedly kicked this off after the UK launched its rescue plan followed by EU leaders over the weekend. The European investment of $2.7 trillion is much greater than the $700 billion (or even $1.8 trillion, as has been discussed) which is a strong change in Europe from only a week ago.

Dr. Doom is still saying this bailout will fail, claiming that we are still over-leveraged and others are calling this a “dead cat bounce” (something that occurs after the market capitulates) but for now, let’s just breath a bit easier that our retirement plans inched back ever-so-slightly.