Bounce, cat, bounce!
Long enough to defeat BHO.
Long enough for me to shed the rest of my stock funds.
Bounce, cat, bounce!
Posted on 10/28/2008 12:25:43 PM PDT by Drea
Needs to hang on for 40 more minutes!
another piece says bargain hunters are driving it.
I hope that nobody is buying into this rally. It's going lower in the days and weeks ahead.
I am steadily buying every week come rain or shine. If it goes down the best bargains are yet to come.
I think I’ll stay sober today just to see if you guys are right. Always like to see people upbeat. In fact, I’ll stop drinking altogether if that good-looking Guv. of Alaska gets to be VP.
I think the market volatility will continue until after the election. Then, when a clear direction is discernible, the market will choose it’s direction.
DJIA 8,837.40 +661.63 +8.09%
30 minute to market close.
How about 40 more days?
Make that 670!
From Fox News’ site:
“Today’s Market
As of 3:20 p.m. EDT, the Dow Jones Industrial Average rose 506.40 points, or 6.20%, to 8680.90, the broader S&P 500 added 51.86 points, or 6.11%, to 900.78 and the Nasdaq Composite picked up 81.31 points, or 5.40%, to 1587.21. The consumer-friendly FOX 50 gained 42.59 points, or 6.49%, to 698.35.
There was no clear catalyst for the afternoon rally.
“It’s so hard to pinpoint what’s driving things,” said Stephen Carl, head trader at Williams Capital. “It’s so whipsawing. I don’t think anybody really has a handle on things.”
It is clear, however, the markets were enjoying a rare shot of optimism on Tuesday, stemming from soaring stock markets around the world overnight.
“Hopefully today will be the beginning of something positive,” NYSE trader Frank Chester of Christopher J. Forbes told FOX Business.”
That's what the market wants you to believe. Good luck, you're going to need it.
P.S.: You might want to reference some stock charts for Japan during the 90's.
Bounce, cat, bounce!
Long enough to defeat BHO.
Long enough for me to shed the rest of my stock funds.
Bounce, cat, bounce!
Now up 660! I don’t care why the market is up. This has to help McCain. It certainly can’t hurt.
Intrade on the presidential election hasn’t budged a bit.
McCain still at 12 and change.
a rare shot of optimism
(drink)
that must pain the media to report that.
Look at the yen versus the euro and pound today. That is the only thing driving this besides speculators.
Part of it is, indeed, the election. That’s always a factor with the market in an election year.
It IS some refreshing news Norm. Now, if the could just find something in petty cash to replace what I lost with Lehmann. (never happen)
668 now
Interesting 'coincidence', isn't it? The markets KNOW who really help the economy.
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