Posted on 08/26/2015 1:29:03 PM PDT by blam
Myles Udland
August 26, 2015
The rally stuck.
After markets surged early on Wednesday, the market started to give up its gains and a replay of Tuesday's action — when the Dow gained more than 400 points but closed down 200 — seemed in the cards.
But in the final hour of trading stocks rocketed higher, finishing near their highest levels of the day.
On a points basis, this was third-largest daily gain for the Dow ever, while the S&P 500 had its best day since November 2011.
But the main story of markets in recent weeks — which is that of extreme volatility — is still very much alive.
First, the scoreboard:
• Dow: 16,285.5, +619, (+3.95%)
• S&P 500: 1,940.5, +72.9, (+3.9%)
• Nasdaq: 4,697.5, +191, (+4.2%)
(snip)
(Excerpt) Read more at businessinsider.com ...
I'm still trying to figure out which were the most interesting posts: those, or the ones from Freepers bragging about how smart they were because they "saw this coming and took all my money out of the market" ... in 1995.
Lots of bargain hunters out there apparently.
Like Rush said, if $5 Trillion had gone to main street instead of wall street, we would have witnessed something spectacular. Instead it is gone with the wind.
Yes, true price discovery mechanisms have been destroyed. The Fed IS the market now.
A correction to the over-correction.
Good advice. I ain't living in a cave. Ya know, if you think the World is out to get you, sooner or later it will.
If they are mutual fund managers, the truth is apparent in the daily valuation.
I'm with you, brother -
How were we to know it was a dip... or just a pause on the way to lower - (which it still may be).
A serious case of 'menu fatigue' brewing there!
It’ll live rent-free in your head till you go bonkers.
Absolutely. A little Spam, beans, and canned vegetables would be nice!
lol
Funny thing is when you are invested in a market that has gone up 246% in the last 6 years you don't care.
What you said. Here’s a perfect example. This was a family friend. His younger brother was a classmate.
http://thecabin.net/stories/091602/sta_0916020039.shtml#.Vd4nOpfUfpI
Published Monday, September 16, 2002
MENA (AP) — Authorities called to a home where a man allegedly shot his father found enough weapons and explosives to fill the bed of a pickup truck, Polk County Sheriff Mike Oglesby said Sunday.
After a 5 1/2-hour standoff Friday evening, authorities charged Robert Salter Jr., 23, with two counts of aggravated assault. Oglesby said the son fired a rifle shot at his father, 55-year-old Robert Salter Sr., wounding him in the head. A Saturday search of the property eight miles east of Mena turned up the store of weapons, including a grenade launcher.
http://law.justia.com/cases/federal/appellate-courts/F3/358/1080/478028/
On September 13, 2002, law enforcement officers from the Polk County, Arkansas, Sheriff’s Office and Arkansas State Police responded to a 911 emergency call reporting a shooting at the rural Salter residence. The caller reported both father, R.L., and son, appellant R.J. Salter, were involved in a shooting at the residence, and one of them had been shot in the head.
When officers arrived at the residence, constructed of 14-inch thick concrete walls and oblong gun turrets, they observed R.L. outside the residence. He was initially handcuffed, as the officers did not know whether he was the shooter or the victim, but later released from restraints upon observing he had sustained a head wound and identified him as the victim of the reported shooting.
Cramer, is that you?
I don’t get the impression that a lot of them are mutual fund managers but wealth management types who manage other people’s money for them. If they were fund managers the funds they manage would be noted during the interview. Instead its always some firm like Zenith Capital Management Partners, Stratospheric Asset Management, or something like that. lol
No, not even close. Maybe closer to Buffett in style.
Dow retesting 16k on its way to 7k. This is ridiculous.
Glad I bought back in yesterday!!!
Trying to sucker people in to dumping their money one last time before the crash resumes.
The Fed is powerless, it can’t hide the inflation forever, or the interest rates will spark layoffs. Banks just want their cut before everything goes to hell in a hand-basket.
No doubt we the taxpayers will stand to make a pile of money on our investment in this surging market! What could possibly go wrong with a sound plan like this?
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