All raise a mighty Hallelujah chorus! U.S. stocks spike on European hopes

Investors today had to drive their fingernails into their palms and wiggle their toes, just to prevent themselves from fainting dead away at the excitement of it all.
U.S. stocks got a God-knows-we-needed-this boost when it had its biggest rally in a month on speculation that European leaders will act to prevent a debt crisis from getting worse.
You suddenly gotta love those Europeans, even if some of their women don’t shave their armpits and their recent economic pratfalls have had toxic global implications.
The Dow jumped 272 points, or 2.5 percent, to 11,043. The S&P 500 rose 2.3 percent. All because a spokesman for the European Commission said that discussions were under way to extend the euro zone’s bailout fund.
Hope that spokesman’s words don’t prove hollow.

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