Why the rebound at 11,700?

Was CNBC around in Janurary 2000? People in this business do forget easily. Once again it proves the average career life on wall street is no more than 8 years. More like 1-3 years so I've heard.

and then some junior analyst who just graduated from Harvard digged up the rumor of a "rescue plan" while struggling to find convincing justifications for the rebound. Financial commentaries, you gotta love them!