The best thing we can do in times of economic hardship is spend. Get the economy moving people! The TSX and RIM had a great day today and so should you. Buy your spouse something nice. Take that special someone out for a nice dinner. Or, better yet, buy yourself that BlackBerry Storm you’ve been craving for the past couple months. Here are the facts:
Research In Motion Ltd. (TSX:RIM), up $9.10 or 14 per cent to $73.10
TSX up 1,058.7 points or 11.7 per cent to 10,123.9
The news came shortly after President Bush announced the government would spend US$250 billion to directly buy shares in the country’s leading banks. I’m curious to see how this plays out in the long term.