Here comes the rolling tide of intervention on a massive scale. Just days – or even hours – away from certain implosion, the central planners game up the stock market on a promise that will have all the beggars and leeches waiting in line impatiently, all night long.

U.S. stocks rallied the most in six years on prospects the government will formulate a `”permanent’” plan to shore up financial markets, while regulators and pension funds took steps to curb bets against banks and brokerages.

Traders erupted into cheers on the floor of the New York Stock Exchange as the Dow Jones Industrial Average jumped 617 points from its low of the day after Senator Charles Schumer proposed a new agency to pump capital into financial companies. The Standard & Poor’s 500 Index climbed 4.3 percent as 68 companies in the gauge rose more than 10 percent.