Posted on 01/09/2008 1:11:51 PM PST by Sleeping Freeper
Stocks make a big comeback A sudden rally hits Wall Street after days of selling and a gloomy economic forecast from Goldman Sachs. Financial stocks rebound. And crude oil moves lower. Alcoa kicks off earnings season after the bell.
[BRIEFING.COM] Buyers are coming off the sidelines, sending the major indices to their best levels of the session. Only telecom (-0.3%) remains in negative territory. Tech (+1.8%) is play a large role in the recent gains as is... More
A sudden, powerful rally kicked in this afternoon, reversing the waves of selling that have plagued the stock market since New Year's.
Just before the close, the Dow Jones industrials were up 142 points to 12,731. The Nasdaq Composite was up 30 points to 2,471, and the Standard & Poor's 500 Index was up 18 points to 1,409.
(Excerpt) Read more at articles.moneycentral.msn.com ...
LOL! That's funny!
Sometime Hulbert has interesting articles:
Commentary: Eight losing sessions in a row usually followed by gains
Sometime->Sometimes
Bear market rally off severe oversold conditions.
can you say “Plunge Protection Team” ? I knew you could.
Yup. That’s it, and that’s all it is.
Republicans better wake up to the fact that the economic indicators are deteriorating - and on Bush’s watch. Bush seems to have waken up to this fact. It isn’t just some “conspiracy” by the press to “talk down the economy.”
And now he wants to partner with his fellow Democrat incumbents and buy some votes in an election year, which won't do anything for the economy.
Bush needs to tell the fed to drop the rates (Over night 3.75) and Bush needs to go before the American people and tell the rat pack in the congress to lower tax rates and make the last tax cut Permanent. The republicans can sit on their butt and they will pay big time next election.
They’re dicking around with that right shoulder and also trying to get back above a 25-year trendline.
Goldman buying to cover shorts.
“Republicans better wake up to the fact that the economic indicators are deteriorating - and on Bush’s watch. Bush seems to have waken up to this fact. It isn’t just some “conspiracy” by the press to “talk down the economy.””
Bush needs to use this to offer a stimulus package (AKA tax cuts). For example cut capital gains and interest income taxes to zero on all incomes under $200K. Make the Dems squirm.
LOL! Lower the rate 1/2 point, and let the dollar equalize more with foreign currencies. We don’t need to have every stinkin’ job done overseas.
...spoiled rotten, libertine, corporate knuckleheads. LOL!
Overall my stocks did OK in the last 12 months, but I’m out of the market for now and into stable lower yield funds. For me the current risk is too high.
Can anyone say “market manipulation?” here we go again....
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Yep, the final hour free for all is back... they’ve got to pump in the gains in the last hour so they don’t spend too much cash/margin in the manipulation.
Well, Countrywide has been bailed out so that disaster won’t be happening right away. The DJIA has responded by dropping 245 quick ones.
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