On CNBC a few minutes ago, Morgan Stanley strategist David Darst said we could get the Dow to jump 2,000 points if the government would just issue a bond for massive infrastructure projects at 5 to 6 percent yield. And Rich Bernstein of Merrill Lynch agreed with him!
So that's where we are now: Two of Wall Street's most respected strategists just said the way to get markets working again is massive public-works projects. Pretty depressing stuff...

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Decapoe of NC 11:32PM October 26, 2008
Henry McGee of VA 2:26PM October 25, 2008
HillbillyBill of TN 8:11AM October 25, 2008