It’s not all bad news in the economy. Today, the stock market has rallied a little after yesterday’s 778 point loss on the Dow Jones.
 

In the short time the market has been open this morning, the Dow gained more than 200 points while the Standard & Poor’s 500 and Nasdaq both gained over 2%.
 

How did this happen? CNN Money reports:

Art Hogan, chief market analyst at Jefferies & Co., said that there is growing hope among traders that enough House members will reconsider their vote to pass it later this week, and that early gains Tuesday are likely a reaction to the perception that the market overreacted to Monday's vote.

A 778 point loss does seem to imply a slight overreaction.
 

But we’re not out of the woods yet. Bush spoke today urging Congress to take action quickly on the economic rescue plan. Hopefully, the bailout bill will pass later in the week, but even if it does the economy will still be in rough shape. There is the possibility of major job losses, more bank sales and continuing credit problems.
 

For college students this means student loans are going to be even harder to come by. Many private lending institutions have pulled back on the number of loans they are offering. Plus, we have to face struggling job market, rising education costs and other financial issues. But with an economic plan supposedly on the horizon, we might as well be optimistic.

We may not be able to afford beer, but at least there's always college football to keep our spirits up.