Depression Fears Subside on Bernanke Remarks, Stocks

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The biggest four-day surge in U.S. stocks, since November and reassuring comments from Fed Reserve Chairman Bernanke soothed concern that the U.S. is headed for its first depression in seven decades.

From Bloomberg

"The financial meltdown and accompanying depression scenario has been taken off the table," said Jack Ablin, chief investment officer at Chicago-based Harris Private Bank, which oversees $60 billion.

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Tags: politics, obama, Bernanke, economy, money