Having decided against spreading volatile rumors with which to joshingly ring in the Fool's Day, Wall Street and its investors took April 1 to mark a markedly more serious occasion: the opening of 2008's second quarter, and the potential therein to begin resurrecting the economy.
The Dow Jones industrials surged nearly 400 points, and the stocks of several big-time investment banks climbed significantly. Analysts speculate that investors may believe the credit crisis to be behind us (and banks to be taking action to avoid a fate similar to Bear Stearns') and the economy to be in better shape than some have said.
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