Posted on 08/26/2015 1:29:03 PM PDT by blam
Myles Udland
August 26, 2015
The rally stuck.
After markets surged early on Wednesday, the market started to give up its gains and a replay of Tuesday's action — when the Dow gained more than 400 points but closed down 200 — seemed in the cards.
But in the final hour of trading stocks rocketed higher, finishing near their highest levels of the day.
On a points basis, this was third-largest daily gain for the Dow ever, while the S&P 500 had its best day since November 2011.
But the main story of markets in recent weeks — which is that of extreme volatility — is still very much alive.
First, the scoreboard:
• Dow: 16,285.5, +619, (+3.95%)
• S&P 500: 1,940.5, +72.9, (+3.9%)
• Nasdaq: 4,697.5, +191, (+4.2%)
(snip)
(Excerpt) Read more at businessinsider.com ...
So much for a correction. This is the puppet masters playing with us.
So now we’re only down 800 points in the past week.
What spooked the market this time?
...on the crash ...and then on the recovery.
Follow the money.
Ya never know.. where the wind will blow your dough.
If you’re in for the long term,, no problem,, just a few heart palpitations.. medications can take care of that.. ObammyCare covered, of course.
Yay! We’re saved!
(is the /s tag really necessary?)
I was going to buy on the dip, but I guess I forgot / was too terrified.
An interesting thing about this correction is that all of the investment manager talking heads who are interviewed on the financial networks are quick to CLAIM that they adroitly managed their portfolios so as to avoid any of this carnage. “Oh no, not us. We sold out of oil, commodities, and anything else that got slammed two weeks ago. We’re too smart to get caught in a down draft. We have a crystal ball.” Yeah, right they did. Truth be known, most of them probably took it in the shorts and just don’t want to admit it because clients would leave them in droves if they did.
Soros approves of this midair course correction.
you still have a good way to go till the S&P gets to around 2120
I really doubt anyone who was bearish last friday afternoon suddenly became bullish this morning.
The winners were the options traders, who thrive on volatility.
So long as you have a diversified portfolio in solid companies, it's best to invest for the long term and use these volatile situations as an opportunity to employ the dollar cost averaging principle.
Never panic sell! Never!
I like Free Republic and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.
Keep your heads! Invest wisely. Never panic sell.
I told my friend that the Fed wasn’t going to allow the Stock Market to go down, at least not to a Republican is in the White House.
Focus on buying quality companies at low/fair P/E’s who are the best of breed with consistently rising dividend payments.
Perfect post!
Exactly so. I haven’t lost a dime in any of this. Other than the annual required divestment of a fraction of my IRA, I have not sold any stocks, incurring zero out of pocket loss.
this is a manipulated market. No free market forces to determine price
You are absolutely correct. The financial pain will be postponed until a Republican “mark” is in the White House. He/She will be the sacrificial lamb who gets all the blame for a failing economy and falling stock prices. The media will dutifully report on the hardships of the American people on an hourly basis. Until a Democrat is elected.
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