U.S. stocks rallied on Friday, a possible reflection in investors' hopes that the upcoming European Union summit will result in a plan for the European debt crisis.
The Wall Street Journal reports Michael Farr, president of portfolio-management firm Farr, Miller & Washington saying that, "Every whiff of promise that comes out of Europe leads to another 100 points to the upside . . . But everything that looks like gridlock knocks 100 points off."
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