Huge day for Wall Street - stocks at highest level since Sept. '08

In case you forgot, that was the month Lehman Brothers went into bankruptcy and launched the long, long period of economic suffering. The Fed's effort to resuscitate the economy will be getting much of the credit for today's action, even though post-election prospects call for even more gridlock in Washington. On the other hand, gridlock could turn out to be a good thing if it reduces the uncertainty that has been plaguing the markets for months. In other words, who knows why today turned out to be the day that prices took off - and who knows what will happen tomorrow, when the government releases its jobs report for October (economists are guessing that a moderate number of jobs will be added). At today's close, the Dow was at 11,434, up 219 points.