Stocks rallying hard now. S&P 500 up 7% from its intra-day lows.
It’s down 64 points right now....this market is crazy today
Already doing my small part...
Before you call a bottom, I suggest you consider the history of the 1971 - 1974 bear market.....
I call a Carpet Matriculation.
I'm sending my rug to college.
I would love to...sadly, we are broke as a joke. Just got done with a few years in the Army. We got three kids, 14 months of my husband being in Iraq, a chance to live in Germany where they hate Americans, and virtually no money to show for it. Had to sell our tiny mutual fund to buy a house, which (btw) we can actually afford. Imagine that—buying a house you can afford. Ha! Obama would be so disappointed in me! /s
Nah, Monday will be another rough one, then once it gets to around 7700, we’ll be good for a slow recovery.
This morning at the bottom (down about 700 pts) I had my finger on the mouse ready to click the buy button. That musta been what done it...
Agreed. Guy on CNBC this morning said 8 would be the bottom and he actually sounded that he knew what he was talking about.
Time to buy. There are some real bargains out there. AAPL up over 9. I think I am going to buy. They said run up will be as fast as sell off. WHOO HOO!!
This isn’t the bottom. There won’t be any recovery until the credit markets thaw, and they are currently freezing more by the day despite interest rate cuts and massive central bank cash infusions. The stock market is simply a sideshow - the real action is in the credit markets.
Not even Gordon Gecko’s buying.
Yes! Let’s go, we’re in the green!!!!!
DOW up 45.
You first.
If Obama wins on Oct. 4th, I wonder what will happen to the market? Crash & burn, or go up like it did when Bill Clinton was elected?
Can the MSM just shut up for about a week? They are out there fear-mongering because it suits their candidates lies better. It should be a crime to do what they are doing!
Come to Papa!
The chart is a classic short covering ralley at the end of the week. Shorts have had an easy time for the past 8 trading days ... they are locking in profits and going flat before the weekend. They are afraid of good news over the weekend that could make the markets open 1000 points higher on Monday.
What we are looking for in a bottom is absolutely HUGE volume ... like 10x the average. We haven’t had that yet.
You will recognize the bottom 2 days after it happens, not 2 minutes.
Hello, I am a buyer