To: Berlin_Freeper
“8th-biggest Point Leap Ever” is worth noting.
I wholeheartedly agree. But I also ask myself "Why?" did it occur. Were there a boatload of incredible earnings reports? - No
A 400 point run-up on extremely negative financial news is as a poster said earlier - bull trap.
To: politicket
But I also ask myself "Why?" After you calm down, read the article and know why.
13 posted on
04/01/2008 3:58:23 PM PDT by
Berlin_Freeper
(Vote for McCain but trust in the Lord)
To: politicket
A 400 point run-up on extremely negative financial news is as a poster said earlier - bull trap. Au contraire. Jesse Livermore always said that a market that rallies on bad news is reacting to smart money or insider buying. It is the best indicator of a looming bull market that there is. Don't ignore it.
But the news wasn't really bad. In fact the indicators released today all came in better than expected.
22 posted on
04/01/2008 4:31:43 PM PDT by
groanup
(After 20 years someone finally made money in gold. Now it's "I told you so".)
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