Global markets rise as investors nab cheap stocks.
Investors on Wall Street started buying up cheapened stocks this morning on optimism that there are buying opportunities in the weakened economic climate. The Dow Jones average jumped over 200 points at one point this afternoon as lawmakers on Capitol Hill worked on a solution for the mortgage mess. "Stocks are cheap and the sun will rise again," one manager told Bloomberg. "There's a ray of sunshine in two areas: China and housing. It's an incremental positive for both commodities and housing." The price of Treasures declined on talk that China is stepping up its own stimulus efforts. The country's Shanghai index rose 6.1 percent.
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