3rd Quarter up 2.5% and Plan for Euro Debt Send Dow Soaring

Well it may have been a long time in coming, but the European community finally came up with a plan that on the surface seems affable.  The plan will cut Greek debt in half, have European banks raise capital and substantially increase the bailout funds.  It sounds great but the proof will be in the pudding and the pudding will be difficult to make.  That good news combined with the economy having grown 2.5% last month at first blush and stock traders were off to the races.  The Dow was up more 370 points before selling off at the end of the session and closing up 339 points.