Dow closed up today? (bankrupt, real estate, debt, companies)

[Lulu101]

Now I know that the market is detached from reality.

[evilnewbie]

When the bailout isn't agreed upon, you would think that it would go down... but it goes up and what does the media say? The stock market is up because of "HOPE" for the bailout... and when the stock market goes down its because the bailout hasn't happened yet... all I can say is the media is the biggest moron on the planet... who are they fooling? The market will behave the same regardless of whether there is a bailout or not the only thing that changes is that taxpayers are PAYING for the bailout of the rich... look at it this way, the stock market when up and the very wealthy took in BILLIONS and BILLIONS of profit but most of the middle-class Americans DID NOT reap the rewards... the stock market went down and the wealthy are asking the people who did not reap the rewards to PAY THEM... that is a HUGE insult... that's like asking the bum to pay for your lunch when he didn't eat the whole day... I can't believe the politicians would vote for this...

[FarNorthDallas]

The market going up and down may not be an indicator of what's really going wrong. It is just the easiest number to understand, but other less understood numbers may tell more of the story.

[jimhcom]

The market is being manipulated. It's future direction is down. Sooner or later the assets of all of these bankrupt companies must be put up for sale in order to pay their debts. When that happens both the stock and real estate markets will drop to whatever market value is in a market where few people have any money to invest. Like Jack Welch said the first quarter of 2009 is going to be brutal.

[Mircea]

Originally Posted by Lulu101

Now I know that the market is detached from reality.

The stock market has no bearing on anything except the stock market.

No stock market crash has ever caused a recession or depression in the US and you cannot prove otherwise.

Quite often, the stock market has performed superbly while the economy imploded, so if you're watching the market as an indicator of the health of the US economy, you fail miserably and probably get caught by surprise.