Good Job FED!!!!

Stocks surged Tuesday morning after the Federal Reserve said it would loan up to $200 billion to banks and lenders in an effort to loosen up tight credit markets.

The Dow Jones industrial average soared more than 250 points in the early going. The blue-chip index had ended the previous session at a 17-month low.

Stocks tumbled Monday for a third straight session on worries that the financial sector will see more writedowns related to the housing and credit crises. Those concerns remained Tuesday, but were countered by the Fed's plan to keep liquidity flowing in financial markets.

The Fed will make up to $200 billion available to cash-strapped banks and lenders. The loans will be available for a term of 28 days, rather than overnight. The program is being coordinated with central banks worldwide.