Does it works? Well, at least today.
After a crazy dump and unbelievable plunge yesterday, Dow Jones has a turbulent swing today. But, before the close of trade, we have a sharp climb due to this news, World Financial Leaders Promise Action, or US STOCKS-Wall St turns higher on G7 action hopes.
This news is really a reassurance shot for investors, but I think it just a short term effect. If G7 do not have good solutions, the stock market will be still in the same situation, even worse. You may want to ask when the economy will wake up. In my opinion, if the retail and the credit of banks are not improved, do not look forward to it.