5th largest point gain in Dow history today (death, cost, dollar)

[songgirl]

Dow up almost 500 today and stronger than expected existing home sales in Febuary. Have we found a bottom, maybe?

[EasilyAmused]

NO, we belong to China now. So we have sponsor. Stocks go up.

[mackinac81]

Seems like it, but I"m doing the "wait and see" thing. At least I'm not hearing the D word from legitimate news sources anymore.

[oberon_1]

I don't get it. What's your point?

[GDK94]

it'll drop again eventually.

[ViewFromThePeak]

The Great Depression had some of the most spectacular one day/week rallies.

[Whyte Byrd]

LOL If one gain were that telling, do you think Wall Street would panic over just one drop?

[GDK94]

Originally Posted by ViewFromThePeak

The Great Depression had some of the most spectacular one day/week rallies.

yea, i was reading somewhere that one month the dow was down 38%, next it was up 29%, and next month it would be down 28%. crazy stuff.

[mrbob]

Originally Posted by songgirl

Dow up almost 500 today and stronger than expected existing home sales in Febuary. Have we found a bottom, maybe?

I think we may have reached a psychological turning point..

I think it is not inconceivable that the DOW could retest it's low of 6500 - but today makes that much, much less likely...

I think today marks a watershed event - and that the financial sector may soon start functioning normally - which will help make this recession less severe and lengthy... and for recovery to be sooner at hand.

[jimhcom]

Originally Posted by mrbob

I think we may have reached a psychological turning point..

I think it is not inconceivable that the DOW could retest it's low of 6500 - but today makes that much, much less likely...

I think today marks a watershed event - and that the financial sector may soon start functioning normally - which will help make this recession less severe and lengthy... and for recovery to be sooner at hand.

Wake Up, your dreaming, every time the government comes up with one of these LSD deals (i.e. only a deal someone on LSD could possibly believe could work) saying "we will just print our way out of this mess" the morons get all excited and think maybe they know what they are doing, and the market goes up. Then a few weeks later it becomes obvious to everyone that this will not work, you cannot solve the problem of too much debt by creating more debt, and the market continues its death spiral. To those of us who know how to read a chart it is an opportunity to make a little money, to the rest of the people it is just another fake hope. We are in much deeper trouble now because of what the government is doing; this massive printing of money will only result in loss of value for the dollar which will be felt most in the imports from other countries. Just watch the cost of commodities in the following months.