I think some of us expected that a rebound would be a hundred points or so; but the third highest gain in history?
It's time to stop panicking, and to start figuring out some realistic solutions to the economic challenges we're facing. While we can't allow the market to collapse, it's acceptable for Wall Street to suffer a stinging loss once in awhile. Everyone forgot for awhile that markets go down, too; even real estate.
Instead of handing over mountains of cash, we should look into helping the stable institutions absorb the failing ones, and we should make sure that the ones we save are in fact worth saving. We should make sure that those who brought us to the abyss are removed; there has to be a penalty for fucking up this big. We have just received an abject lesson that they haven't been earning their massive salaries; time to reign in these out-of-control compensation packages. While I agree that it's perfectly acceptable to be rewarded for increased profits, those rewards should be spread through the entire company; an executive is only as good as his employees, never, ever better.
And we need to go after those who set us on this destructive path but bailed out with their "golden parachutes." They have stolen from all of us, and they have to return their ill-gotten goods. They are no better than pirates, and should receive treatment no better than that.