Dow rallies 1,000 points, logging its biggest single-day point gain ever

CNBC ^ | 26 Dec. 2018 | Fred Imbert & Eustance Huang

[Candor7]

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session.

The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.

[Candor7]

We still have an hour left? Think it will crack 1000 ?

[a little elbow grease]

911

[mrsmith]

” ‘Twas the night before Christmas
and all through the house,
you could buy stocks at 30% off...”

Anyone who consistently wins on stocks should be tested to see if they’re a witch.

[Alberta's Child]

"Quantitative easing" started phasing out three years ago.

Now, the FED is in a phase of "quantitative tightening." At its peak it held more than $4 trillion in U.S. government bonds and mortgage-backed securities. A few years ago it began reducing its holdings in those assets, and is now off-loading them at the rate of $50 billion per month.

THIS -- not a silly 0.25% increase in the FED discount rate -- is what is driving the correction in the market.

[Tolerance Sucks Rocks]

+944.24 for the Dow. We’re doomed, I tell ya!

[Alberta's Child]

"In a bear market, stocks are returned to their rightful owners."

[Eddie01]

[Sacajaweau]

I believe the money spent over Christmas is smashing all projections. My guess is that on line sales were spectacular. I do Amazon all the time. It’s just so damn easy.

[Candor7]

DOOMED, slow her down Scottie, she’s approaching light speed!

Will she crack 1000 ?

[Candor7]

Me too. Amazon and E-Bay.

[Sacajaweau]

It’s almost funny. A few Dems are eating crow....but they’ll turn it around and say that Powell is responsible...just the opposite of what the big boys say.

[SamAdams76]

Correct. Buy and hold is my strategy. Dollar cost averaging.

Only time I sold any stock at all was to pay off my son's college education. I kick myself even for that.

When I retire, I'll take an annuity and whatever is left over after I die, my wife and kids can have. But I plan to have a lot of fun in between.

[a little elbow grease]

1006

[R_Kangel]

..... Just broke 1000!!!

[Sacajaweau]

My son gave me a $250 Amazon gift card for Christmas. I’m 75...so running around in stores is to much work.

[G Larry]

1000 points as we near the close!

[abb]

In all honesty, you might want to think long and hard about an annuity. Likely you can merely harvest the capital gains and dividends of equities, and nearly equal the payout of an annuity.

And then your heirs will still have the principle to inherit.

I’ve learned a lot from the folks on this site.

https://www.bogleheads.org/forum/index.php

[Tolerance Sucks Rocks]

+1,059.05.

[R_Kangel]

1100???

[a little elbow grease]

1078 ..............

Yoi!