The Dow has soared…..what is the reason, and is it solid and sem-permanent, do you think?
Do you think today’s 936 point gain (Dow) is the start of a prolonged upswing?
The Dow has soared…..what is the reason, and is it solid and sem-permanent, do you think?
These swings happened after 1929.
Have you ever heard of Walter P Chrysler?
Sunk his fortune in the market and ended up homeless.
I think that it is simply a response to the global market. Could go back down tomorrow. Either way, I think we should expect some pretty good market volatility for the next couple of weeks, at least until the elections.
Not necessarily. A whole lot is going to depend on actually seeing the credit markets start to flow again, and then, the markets will start paying attention to the real issues in the economy. GDP at the end of the month will probably be flat to negative etc, plus earnings are going to start figuring into the equation.
I think it’s more of a reaction on how the U.S and the rest of the G7 countries are handling the financial ice age. I think today is just a reaction of the news during the weekend.
There are still a lot of issues that still needs to be hammered out and we are nowhere close to the end of this ice age.
Even though it was nice to see the market go up after 8 losing sessions, I wouldn’t count on seeing a bull run yet. I think the perma-bears are going to stick around for a little bit, at least until earnings season and the elections are done. We still have to wait and see if the $700 billion bailout will work. Still a lot of uncertainties out there.
No.
What goes down has to come up at some point.
Sorry to say,, but the answer is NOPE,, if you think we have problems now wait until us citizens start to see what they have done to us in our pay checks, we here in the states are in for alot of hurt, we are not the only ones in the world in trouble, but we are sinking the hardest and the fastest.
No, one day does not a trend make. It still has significant resistance to break. You can be sure at some point this week there is going to be a 350-400 point drop in the $DJI, 50 in the SPY and more than 75 in the NASDAQ.
I think that last week, the bottom was reached, though the bear market may be hear to stay. Today is probably a reponse by people realizing that crazy and panic selling is stupid. I don’t think we will see as much insane point drops / increases, though I don’t think we will get back to the 11K mark on the dow till the end of the year.