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ABC's Betsy Stark and CBS' Anthony Mason were each assigned to the action on Wall Street, where the Dow Jones Industrial Average closed at 9065, an 889-point jump, the second largest single day rise in its history. Astonishingly, NBC, which normally specializes in cross promotion with its sibling financial news cable channel CNBC, mentioned the day's trading only in passing. Mason called it "surreal" and Stark called it "mind boggling" that such optimistic purchasing should be seen on a day when real estate values and consumer confidence both continued to decline. "It may only be a bear market bounce," warned Mason; "history shows that some of the biggest moves up on the Dow have occurred in a bear market," Stark concurred.
It was an unusual day for CBS' Mason. He got to open his network's newscast and close it too. Mason's parting feature was also from Wall Street, a personal profile of 94-year-old money manager Seth Glickenhaus, who founded his first brokerage firm during the depths of the Great Depression in 1938. Glickenhaus' current stock tip: "Being bullish is very called for at this time."
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