Quote Originally Posted by maladroit
a 30 point gain in the dow jones index
It was not about raising the Dow... In all reality, the S&P is a more broad index, therefore gives you a better indication on the economy as a whole. The market will continue to slump until the correction has taken course. We just needed lending to continue because there are people who can make their payments. Default is in the neighbor hood of 5%-10% tops. Watch that number top off when home values begin increasing.