U.S. stocks jump after Philly Fed index ( Guess it was an early headline )

Marketwatch ^ | Sept. 17, 2009, 10:10 a.m. EDT | Kate Gibson

[Ernest_at_the_Beach]

NEW YORK (MarketWatch) -- U.S. stocks on Thursday turned to modest gains after a measure of economic activity in the Philadephia region jumped more than expected in September. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (INDU 9,775, -16.93, -0.17%) added 38.84 points to 9,830.55. The S&P 500 Index /quotes/comstock/21z!i1:in\x

(SPX 1,065, -3.59, -0.34%) rose 3.62 points to 1,072.38, and the Nasdaq Composite /quotes/comstock/10y!i:comp (COMP

2,124, -8.88, -0.42%) added 5.40 points to 2,138.55.

[Ernest_at_the_Beach]

See the chart at the link...

[joinedafterattack]

We are at the top of a bear market rally. With credit still contracting, we should see the market turn down substantially again in the next weeks. Go to cash.

[American Constitutionalist]

Astro Turf

[Ernest_at_the_Beach]

Guess it is a day of reversals...

Dollar reverses higher as safe-haven bets return

AND

Oil turns lower as stocks sag, dollar firms

[Ernest_at_the_Beach]

Been watching Kudlow,...and there seem to be an equal number of guests who say there will not be a significant downturn....say the sideline money is coming back into the market.

It's a pretty confused picture....no real consensus as to what will happen next.

[Ernest_at_the_Beach]

What does that mean?

[agere_contra]

I guess: fake green shoots of recovery

[blam]

See the minute by minute stock market chart here. It's down 10.0 when I posted this.

[Centurion2000]

Green sharts ... not shoots.

[Free Vulcan]

They’re going to push for 1120 on the SPX. That’s a 50% retracement of the recent decline. That’s the split between a strong and weak rally psychologically.

[Ernest_at_the_Beach]

Piece about an investor who believes as you indicate:

Allmon is out Commentary: Senior investor all but exits the stock rally

[Ernest_at_the_Beach]

Wonder how we will end the day...?

[blam]

"Wonder how we will end the day...?"

4:03pm ET: 9,783.92 down 7.79 (0.08%)