Posted on 10/16/2018 5:23:52 PM PDT by John W
New York (CNN Business)Corporate America is coming to Wall Street's rescue.
The Dow soared 548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses. Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%. Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher.
(Excerpt) Read more at cnn.com ...
Pickles screeched about wanting to take those profits years ago.
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The ‘Profit Motive’ is soooo evil!
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This is not the best time to be boosting paper cash reserves. One could get caught with their pants down.
Keep enough cash to remain fluid if the banking system gets frozen for a few days.
Shorting a lot of positions, are we??
You keep referring to the mysterious “above”.
Please enlighten us to what this means. The chicken littles are the stockbroker bosses?
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The top management of every financial institution is strongly guided by the global cabal. Do you not believe that?
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Oooooooooooooooooo......the sky is falling, the sky is falling...NOT!
A couplt things:
For the average person the stock markets should be used for long term investment, not overnight high gains. In that regard, after the close today and in spite of recent big losses, the DJIA is up over values of 3 months, 6 months and i year ago. S&P is even with 3 months ago and up over 6 months and 1 year ago. NASDAQ is a little down against 3 months ago and up over 6 months and 1 yer ago.
One of the biggest changes in the stock markets this last year is a return to a really more normal market, which has more volatilty than seen in recent years, when the main driver was what the Fed was doing in quantative easing and stimulus. With that not the major factor today, traditional value analysis is calling more of the shots, and as events in the global markets change the situation, that analysis changes, and portfolios change priorties, and you get a normal and sort of volatile market.
On some kind of economic, financial, monetary or global trading market news, certain kinds of stocks are viewed differently, in terms of future growth and earnings, and investors change the balance of what they are holding. That may see a day of some fairly large losses, as we saw last week, or some hefty gains, as we’ve seen for a couple days.
Long term means riding the roller coaster and not getting scared each time it climbs the hill or swoops down the hill. If what you’re holding is a basically solid company, and not a get rich quick “hot buy”, when the ride ends, as you get set to enjoy your nest egg, you will have gained good growth in value in most cases over a 25 year period. Buying and selling all the time as the market swoops up and down generates a lot of transactions and transaction costs. Usually that cost and what gains and lossed you get doesb’t beat just holding onto good solid companies for the long term.
“I am encouraged by the new alliance between Trump and McConnell/Graham.”
I’d be very cautious about that “alliance!” Graham and Cabana Boy Rubio are already out beating the drums about this business with the Saudis before there is a scintilla of an investigation. Only time will tell if The Turtle is on the Trump Train.
Thanks Hillary! (for not being president)
Notice the word “fat” comes out only when a republican is president. Fatcats, greed, homeless....
You challenge me to believe or not your assertion at the same time you assert it? I find that a bit rude.
Ignoring that, yes, I could believe globalism is involved, though I hadn’t thought about it before. That’s why I asked you.
Stop being so defensive. I’m just trying to learn your views on this subject.
It goes up, then it goes down. Then it goes down and then it goes up. And, who knows why.
It goes up and down due to sheer Gossip in the papers and main stream media.
They remind me of hysterical women when rats, spiders and mice are mentioned.
It is all freaking B.S.
I was so relieved that the market was up today.
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Not being defensive, just surprised at suck a question from a Freeper.
Said like a true leftist jealous loser
Come back to your comment here then ... if the power is still on and the internet is still working.
You have been warned.
Funny how the Dems try to downplay an economy that can withstand a lot of fed increases and when our savings earn a bit more interest we no longer have to hear talk about banks charging interest to hold our money....
They’re back to crediting Obama.
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