Midday: Markets All Up, Comfortable With Fed‘s Interest Decision.

It all began with the good news out of China, that Evergrande, the troubled Real Estate and Finance firm, had reached an agreement with local bond holders. And thereby avoided default, at least for now. We discussed all the details on this morning's podcast.

Overall stocks are up, on a fairly impressive rally. The Dow is up over 450 points, NASDAQ and S&P 500 both up over 1%.