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Transcripts For CNNW CNN Newsroom 20111201



a sign of better times ahead or just, i don t know, one feel good day for investors? it is a very big feel-good day. 490 points. we were talking about this yesterday morning. we haven t seen a big move like that in 2 1/2 years but we have concerns here and as i pointed out to you yesterday, that was a defensive move by the world central banks to make sure that the oxygen is still flowing to the european financial system and to the capital markets. so, because of big danger signals overall in the markets, that s why you had folks coming in. don t forget, a lot of things here holding the u.s. back. we had the europe situation, the european mess, that s something that still has to be resolved. we also in this country have our own debt problems and gridlock in washington on how to fix them. the supercommittee just had a superfailure and we haven t solved many of the problems that led the united states to lose its own aaa rating. we still have a jobless rate and a weak hou ....

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