| | DOW | 10850.66 |  | 485.21 | +4.68% | | NASDAQ | 2082.33 |  | 98.60 | +4.97% | S&P | 1164.74 |  | 58.35 | +5.27% | | | | CNBC TASK FORCE |  | | We've all heard that "History doesn't repeat itself, but sometimes it rhymes." Certainly it's hard to find anything even remotely similar to what we're witnessing today in the financial markets. "Unprecedented" has replaced "Conundrum" as the most overused word in the financial press. We have seen bubbles characterized by unbridled greed leading to mortal fear. All of them end badly for the asset class involved. Typically it's years before that asset class comes back in vogue, in this case it's credit and housing. Over time the stock market typically outperforms all other asset classes, now all one has to do is pick the bottom. Ah yes...now that's the 700 billion dollar question. CNBC's Joe Kernen, "Squawk Box" Co-Anchor
| | Tonight on CNBC's Special Report -- The future of the Government Bailout: The World waits for Washington with billions haging in the balance. Will Congress work out a plan everyone will love? The latest on America's financial crisis and how it all affects you, hosted by Larry Kudlow. | | | |  |  | "Main Street" On Bailout Bust: What People Are Saying
One of the more challenging parts of my job is getting "Man on the Street" interviews. I'm just not that good at walking up to strangers to a) convince them to talk to me, and b) get something interesting out of them. About half the time people don't know anything about the topic I'm seeking comment on read more |  | | | To unsubscribe to this email click here If this e-mail was forwarded to you and you would like to subscribe to CNBC.com's News Now mailing, please click here | |
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