Market up 960+ points
 

The market just closed up 960+ points, the largest one day gain in history.

Hope all of us who stayed in the stock market made a mint!

You never take a chance, you never get ahead in life.

Joe A

Ps my home has been going UP in value the last month. Real estate values in parts of Phoenix has turned the corner. Enough of this "doom and gloom" talk, lets get moving ahead!

and it's great to see you in the mix again. :)

This is not any sort of "healthy" stock market rally.

This is a demonstration that there are way too many "traders" in the market and not enough investors.

The actual value of the companies that make up the averages have not been fluctuating up and down (or down and up as this market has moved) by the amounts the stock prices have changed.

If you are buying or selling, know exactly what you are doing -- and be ready for continued volatility as the "crazy people" (some of them with lines of credit from our government) whip-saw this market up and down.

Dead cat bounce?

+960

FK U going ahead....that is just BS....take a look around....America is BROKE....this America is RICH and can just afford it, is OBAMA rhetoric. America has been GREAZIN on the Credit Card..It is now time to pay the Piper. If WE DO NOT, nothing will save us the next time the markets threaten the bottom dropping out. JUST WAIT AND SEE....

America going forward ain't gona be rich...just wait till the Boomers hit Social Security and Medicare enmass and see what happens then?

JOEY YOU KNOW BETTER

To tell ya all the truth....I was pissen and doin the BROWN SQUIRTS in my pants last week. I stared into the abyss... Even though I now got laundry to do, I did not take my money outa the markets.

For the past 40 years America has been Greazin on that Credit Card, while the media told ya go ahead and by that SUV and Big Screen on CREDIT you deserve it. Well fk ya all...unless ya got the money in the bank DON"T BUY IT.

tabs is hittin the sauce and skipped his meds today.

Not necessarily wrong, just not sober either. ;)

My prediction for tomorrow is down 450.

Just pissed off an ranting>>..

The first rally back will eventually run outa steam and be used for a selling op. This rally has a ways to go....there certainily be a battle between sellers and buyer...TODAY the sellers were swamped by the buyers.

This weekend under the GOLD thread, I posted the likily hood of a snap back rally. As much as the markets were oversold that will be the lenght of the Rally. It will go to neutral and then oversold....before dropping back...

The G-7 acted as BIG DADDY and took the crisis seriousily..this is what is restoring confidence. That the world is going to act. The US Congress MUFFED its chance with the failure of the B BIll. If they had passed it on that MOnday the world would not have been facing the abysss.

It is all psychological and about confidence in the world wide financial system that the USA instituted back in 1945.

I'd have been a whole lot happier if the market had climbed 100 up each day over the next 10 days....this is far too wild for me to try to make any sense of it. Traders alone doing this? I don't think so...has to be some heavy institutional buying. So who are they? Yeah, the line from Butch & Sundance; "Who are these guys???"

just ignore it - rebalance every year or two

or subscribe to a good newsletter - both fidelity and vanguard have good ones watching them

and there is no reason to have other funds

Volumes light. Not much institutional buying. Some buying from mutual funds. Also I'm told some program trading. Biggest thing was not much selling and not much shorting. Bond market and banks were closed. So no data on credit/debt spreads. The rally took us back to last Wed's closing px on SPX and COMP.

So Tommorow will be 1200 pts...

the market was just trying to celebrate Columbus Day. They were trying for a 1492 point gain but couldn't quite pull it off.

Down! Boy

I don't think Tabs is very well trained for verbal commands (unless you're mother). You might try swatting him on the nose with a rolled up newspaper.

I am LOL..... The market, and what there was of my retirement, is STILL down 33% in the last 10 months.

For some reason, my total retirement is down even more, not quite 150% of that 33%.

Took me 33 years to put 'enuf' away, and one year to lose it all.

Yeah, I'm sleeping better tonight, right.