I will keep it very brief today. The 2008 Beijing Olympics have officially started. The opening ceremonies were incredible but I can't find some video clips yet so I decided to post the "Beijing Welcomes You" track as well as the one world one dream video for the 2008 Olympics.
The markets were in festive spirits today as Wall Street rebounded sharply, soaring higher as a surge in the U.S. dollar and another drop in oil prices eased investors' worries about losses at Fannie Mae. The Dow rose 302.89, or 2.65 percent, to 11,734.32. The Standard & Poor's 500 index advanced 30.25, or 2.39 percent, to 1,296.32 and the Nasdaq composite index advanced 58.37, or 2.48 percent, to 2,414.10.
All I can tell you is that the party in Beijing will last a lot longer than the party on Wall Street (ie. beware of sucker rallies, especially in a bear market).
But today is not about Wall Street. Today is about Beijing, China and a world uniting to celebrate the 2008 Olympic games. Watching the opening ceremonies reinvigorated my firm belief that no matter what challenges lie ahead, the brave new world will confront them and overcome them.
I hope you all enjoy watching the 2008 Olympic games.