A Winning Day on Wall St....FINALLY

[ChargerGrrl]

The bulls returned to the markets today, with the Dow shooting up more than 900 points, finishing the day at 9,387.61.

Thank God!

I had hopes that the market was eventually going to rebound soon, but I didn''t expect it to shoot up like this. After all the financial negatives lately, it was good to get a positive! But i''m staying cautiously optimistic in these uncertain times.

I''m just curious to know if anyone thinks the stock market had reached a bottom, or if that''s still to come?

 

[NewEnglandLady]

It was nice to see the market go up...unfortunately I decided to short today. Figures!

 

[Dancing Fire]

Date: 10/13/2008 5:04:07 PM
Author:ChargerGrrl
The bulls returned to the markets today, with the Dow shooting up more than 900 points, finishing the day at 9,387.61.

Thank God!

I had hopes that the market was eventually going to rebound soon, but I didn''t expect it to shoot up like this. After all the financial negatives lately, it was good to get a positive! But i''m staying cautiously optimistic in these uncertain times.

I''m just curious to know if anyone thinks the stock market had reached a bottom, or if that''s still to come?

no !!

 

[bebe]

I was in my financial advisors''s office for a few hours today. We were watching the Dow go up and up, all the while looking at my very depressed account.
(oh, the diamonds I could have bought!)
Jokingly, my H said lets buy GM. Advisor said no they are too heavily in debt to their suits and pension plans, blah blah... Ha, and they went up big time!

I think we will continue to experience ups and downs. There are too many unknowns out there. But there is a sliver of hope on the horizon.

 

[KimberlyH]

It will be interesting to see what tomorrow brings, when the bond market reopens after the holiday.

ETA: I don't think we've quite hit bottom yet, still too much chaos, and this is going to take a while to sort itself out.

 

[strmrdr]

Nope hasn''t hit bottom yet they are partying like its 1929.


http://en.wikipedia.org/wiki/Image:1929_wall_street_crash_graph.svg

 

[Abril]

I hope the market goes down some more. Worse economy = President OBAMA!

 

[Harriet]

What?! I respect your political choice and expect further volatility. But, to wish that the markets stay depressed in order to achieve one''s political wants is beyond me.

 

[iwannaprettyone]

Date: 10/14/2008 10:11:28 AM
Author: Harriet
What?! I respect your political choice and expect further volatility. But, to wish that the markets stay depressed in order to achieve one''s political wants is beyond me.

Right on.

 

[ChargerGrrl]

Date: 10/14/2008 12:17:33 PM
Author: iwannaprettyone

Date: 10/14/2008 10:11:28 AM
Author: Harriet
What?! I respect your political choice and expect further volatility. But, to wish that the markets stay depressed in order to achieve one''s political wants is beyond me.

Right on.

ditto

yeah, that was off base! (Abril''s statement)

 

[ChargerGrrl]

Let''s see what happens today with the announcement of the administration''s decision to buy shares in the top banks. I read somewhere that the last time this type of federal invervention occured was during the Depression era.

 

[Linda W]

The DOW is down again today

 

[strmrdr]

Date: 10/14/2008 2:57:12 PM
Author: Linda W
The DOW is down again today

yea but it wasn''t bad news more like business as usual.
There is always a fall after a gain as people take profit.
It went up more early then people started selling.
It was more of a normal day rather than panic.
overall it wasn''t that bad news.

 

[Linda W]

Thanks Karl, you make me feel a tad bit better. (I think

 

[strmrdr]

Date: 10/14/2008 3:42:36 PM
Author: Linda W
Thanks Karl, you make me feel a tad bit better. (I think

In the long run the strong companies are going to come out of this better than ever.
If the PE ratios come down to sane levels and if they are allowed to think long term again it will be a good thing.
The easy credit and lack of control on leveraging investments and what type of investments is what brought it down.
A company can not survive the slightest bit of bad news when they are leveraged 60 to 1.
Easy credit and huge leverage left to many dollars chasing to little real wealth.
When everyone is talking about investing and more and more real and leverage money is pouring into a system that is not adding real wealth it is doomed.
That is the US right now not just Wall Street.
The only answer for both is to create real wealth and nothing done so far will address that.
So the market in the short term as is the US and likely the world is doomed to decline.
What happens on the other side is what today''s actions will decide and frankly spending money saving the system is the wrong step to take.
Spending money to create real wealth is the right thing.
In a functioning economy letting people keep more money helps a lot but not today because that money creates no wealth here and is spent on more junk from overseas.
Raising taxes will crash what is left of the system and goes against creating wealth.

How is wealth created? Create goods and sell them.
Services do not create wealth they merely move it around.
A service economy can not survive without infusions of new funds which has come from easy credit and over leveraged investments while the wealth of the country declined until we got to this point.
Those days are over or we are doomed.
What are we going to do....?

 

[Tacori E-ring]

From what I have heard and read it will take years (3-5). It will slowly go up again. Hit the top in a few years and sometime after that crash again.

 

[Harriet]

Is it me or have the economy plus elections caused, or are correlated with, negativity on this forum? There have been schadenfreude, half-baked arguments and conspiracy theories in the air. I'm not referring to Abril, who has only made one post that crossed the line, in my opinion.
P.S. This comes from someone who is well-accustomed to unpleasant behaviour.

 

[crown1]

Date: 10/14/2008 5:44:43 PM
Author: strmrdr

Date: 10/14/2008 3:42:36 PM
Author: Linda W
Thanks Karl, you make me feel a tad bit better. (I think

In the long run the strong companies are going to come out of this better than ever.
If the PE ratios come down to sane levels and if they are allowed to think long term again it will be a good thing.
The easy credit and lack of control on leveraging investments and what type of investments is what brought it down.
A company can not survive the slightest bit of bad news when they are leveraged 60 to 1.
Easy credit and huge leverage left to many dollars chasing to little real wealth.
When everyone is talking about investing and more and more real and leverage money is pouring into a system that is not adding real wealth it is doomed.
That is the US right now not just Wall Street.
The only answer for both is to create real wealth and nothing done so far will address that.
So the market in the short term as is the US and likely the world is doomed to decline.
What happens on the other side is what today''s actions will decide and frankly spending money saving the system is the wrong step to take.
Spending money to create real wealth is the right thing.
In a functioning economy letting people keep more money helps a lot but not today because that money creates no wealth here and is spent on more junk from overseas.
Raising taxes will crash what is left of the system and goes against creating wealth.

How is wealth created? Create goods and sell them.
Services do not create wealth they merely move it around.
A service economy can not survive without infusions of new funds which has come from easy credit and over leveraged investments while the wealth of the country declined until we got to this point.
Those days are over or we are doomed.
What are we going to do....?

i am with you on creating some goods! i have been worried about this for a long time. we gave away our creating and need to take it back.

 

[Dancing Fire]

again !

 

[Linda W]

Date: 10/16/2008 1:59:23 AM
Author: Dancing Fire

again !

I''ll say, I''m afraid what tomorrow will bring.

 

[strmrdr]

Date: 10/16/2008 2:07:24 AM
Author: Linda W

Date: 10/16/2008 1:59:23 AM

Author: Dancing Fire

again !

I''ll say, I''m afraid what tomorrow will bring.

slight rally during the day finish down is my prediction.

 

[ksinger]

Date: 10/14/2008 10:15:35 PM
Author: crown1

Date: 10/14/2008 5:44:43 PM
Author: strmrdr

Date: 10/14/2008 3:42:36 PM
Author: Linda W
Thanks Karl, you make me feel a tad bit better. (I think

In the long run the strong companies are going to come out of this better than ever.
If the PE ratios come down to sane levels and if they are allowed to think long term again it will be a good thing.
The easy credit and lack of control on leveraging investments and what type of investments is what brought it down.
A company can not survive the slightest bit of bad news when they are leveraged 60 to 1.
Easy credit and huge leverage left to many dollars chasing to little real wealth.
When everyone is talking about investing and more and more real and leverage money is pouring into a system that is not adding real wealth it is doomed.
That is the US right now not just Wall Street.
The only answer for both is to create real wealth and nothing done so far will address that.
So the market in the short term as is the US and likely the world is doomed to decline.
What happens on the other side is what today''s actions will decide and frankly spending money saving the system is the wrong step to take.
Spending money to create real wealth is the right thing.
In a functioning economy letting people keep more money helps a lot but not today because that money creates no wealth here and is spent on more junk from overseas.
Raising taxes will crash what is left of the system and goes against creating wealth.

How is wealth created? Create goods and sell them.
Services do not create wealth they merely move it around.
A service economy can not survive without infusions of new funds which has come from easy credit and over leveraged investments while the wealth of the country declined until we got to this point.
Those days are over or we are doomed.
What are we going to do....?

i am with you on creating some goods! i have been worried about this for a long time. we gave away our creating and need to take it back.

Put policies in place that encourage the production of goods rather than the churning of money...? Of course, giving the people in charge of the companies that had/have the ability to actually produce innovative goods (why exactly are we still producing Hummers??) real vision and a long-term view, well, that''s another thing entirely. The lure of greed is usually too strong for any real vision. Bad money does indeed drive out good. And we''ve seen that little bit of wisdom in action in a big way...