By  on May 10, 2010

How quickly the pendulum swings.

Stock exchanges worldwide soared on Monday after news of the European Union and International Monetary Fund’s near-$1 trillion rescue plan for the European economy, pulling retail and luxury stocks up for the ride and causing industry executives to return to the optimistic attitude they professed before markets tanked late last week on Greece’s debt woes — even as they remain nervous another pothole could lie ahead.

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