Today was a good day on Wall Street as the Dow gained over 900 points and 11% in value:

The markets made a comeback on Monday. Last week’s stock sell-off gave way to a big rally, with the Dow Jones industrial average having its largest-ever point gain. The surge came as countries around the world took steps to ease the financial crisis, ushering in a drastic reshaping of the banking industry even as doubts lingered about its long-term effects.

. . . At the close, the blue-chip index was up more than 935 points or 11.1 percent. The broader Standard & Poor’s 500-stock index surged 11.6 percent and the Nasdaq was up about the same. Stocks in Paris and Frankfurt had their biggest one-day gains ever. The rallies came after central banks flooded the financial system with billions of dollars in liquidity, throwing out the traditional financial playbook in favor of a series of moves that officials hoped would get banks lending again.

Hard to say if this has turned the corner on the crisis. Credit markets were NOT open today. And hard times are clearly ahead for the economy. Recovering a third of your loss is not exactly champagne time. More . .