MARKET SNAPSHOT: U.S. Stock Rally Fuels Dow To 8th-biggest Point Leap Ever

CNNmoney.com ^ | April 01, 2008 | CNN

[groanup]

It would be interesting to see who the buyers of UBS were last night. I would think that the findings might surprise you.

That's one thing we'll never know. Jesse Livermore would have claimed it to be insiders and he would have bet the farm on UBS at this point. Suffice it to say that the only thing that makes a stock, any stock, go up is buyers. And the only thing that makes a stock go down is sellers. Over the last 8 months we just may have exhausted all of the sellers. If there's no one left to sell..., well? Markets that don't go down, go up.

[DoughtyOne]

I’m going to have to point out that the lending institutions who floated those bad loans, should fend for themselves.

If a house goes belly up, the institution can take the home back and resell it. They’ll take loses, but who forced them to make those bad loans in the first place?

The government shouldn’t be stepping in here. So what if some lending institutions go belly up. There are others. Those other institutions would simply sell more product over the next few years.

When folks take it in the shorts in the market, does the fed come through and cover their losses?

This may be the first such actions since the depression, but I don’t think it was necessary.

Where were our fine Senators and Congressmen when these incredibly destructive loans were being floated?

I know some people whose heads should roll. For one thing, the private industry types who trotted out these loans should go to prison. And those that sit on the House and Senate banking committees should be sent home as well. My guess is that at least some of them were getting donations that led them to look the other way. Aw, that couldn’t happen could it.

[mo]

As usual..the Dems can only find opportunity in their fellow Americans’ misery.....

[Freedom_Is_Not_Free]

My only point was that this crisis is more severe and more potentially catastrophic than a normal down market or recession, as evidenced by the extreme measures taken by the FED, which have not been undertaken since the Great Depression. I think that is an indication of just how severe and unusual this liquidity crisis is, as opposed to a normal market correction of 10% or a normal recession or normal dip in housing. This time, it IS different. It’s worse.