The Dow is up today

[BTW]

Moray --- shhhhhhh

next thing you know - it will be understood that the "bailout" would only have "cost" (assuming that nothing could be resold by the fed) half of that

If the market is inflated by 4 trillion dollars, we haven't even scratched the surface in fixing it.

[Captain Virgil Hilts]

Moray --- shhhhhhh

next thing you know - it will be understood that the "bailout" would only have "cost" (assuming that nothing could be resold by the fed) half of that

Yeah, that's what they're telling us NOW. If you've ever actually DEALT with the government, you know anything they get involved in costs as much as 4 to 10 times what the original projection was. And once they have you for that FIRST 3/4 of a TRILLION, they'll drag you in for the next 2-3 trillion before it is over with.

I'd bet most all of the issues could be dealt with in a survivable manner for under a couple of billion dollars.

[john9001]

the only people that lost money yesterday were the ones that panicked and sold, the smart players bought stocks at a discount, some stocks were up 15% today , some people made a lot of money today.

[Nwbie]

If the market is inflated by 4 trillion dollars, we haven't even scratched the surface in fixing it.

it is not the "market" -- it is the banking "industry" - the market is way too broad a term

[MORAY37]

the only people that lost money yesterday were the ones that panicked and sold, the smart players bought stocks at a discount, some stocks were up 15% today , some people made a lot of money today.

You still don't realize that it isn't the Stock Market that is in trouble.... It is the banking industry that BACKS the market up with capital and credit.  You really need to separate the two, and realize they are different.  One can exist without the other.... one cannot exist in a stable state, without the other.

[Donzo]

1Trillion in equity value, sir.  That's what 800 points equates out to in stock valuation.  Actually, it was around 1.2 trillion $ lost yesterday.

The stock market lost value. 

That is not the same as the economy losing money.

[myelo]

So how does this 5% increase in the Dow figure into the end of the world and soup lines?

Dead cats bounce.

[Chalenge]

Excuse me but the market is fine (some turmoil is good to sort out the weaklings and archaic stocks/funds). Its investors that lost confidence in the market and bickering on the hill that didnt help yesterday. People made a little money by purchasing a few choice stocks today on discounted values as they should and thats why the market climbed a little.  

The market and economy overall would be even more 'fine' if Congress had any brains to focus on the situation and made some sound decisions actually ANY sound decision would be good enough. Unfortunately the main powers on the hill prefer to get partisan and bicker and blame and that doesnt bring forth confidence from the investors that could very easily resume trading without fear. If nothing else Congress is consistent... consistently dim but at least consistent.

Just remember the dopes on election day and vote accordingly.  

[eagl]

So how does this 5% increase in the Dow figure into the end of the world and soup lines?
My fellow Americans, we have got to stop listening to stupid people.

Shh.  Drink your kool-aid and vote for change.  Ignore the socialist behind the curtain.

[Nwbie]

Shh.  Drink your kool-aid and vote for change.  Ignore the socialist behind the curtain.

in 6 months - when you realize that your mutual fund/ pension/ ira/ 401k - whatever - is still in the tank - remember how your reps held out on making a decision, or not.
Then read a book on economics, and how the world economy works.

Wanna bet all of those senators and congressman had their personal accounts pulled out of the market, because they understand the difference between the stock market and the financial workings of the economy. Send them an email asking them what actions they have made with their personal finances while playing politics. Wanna bet you don't get an answer.

 

[Carrel]

Thank God it's no longer a bailout; we've improved the situation to where we only need a "rescue deal" now.

I'm withholding support until they call it a "helping hand."

[Nwbie]

I'm withholding support until they call it a "helping hand."

It is going to be a earmark laden agreement - it is going to be a band-aid over a wound that needs surgery, it is going to be a political based -taking care of my friends- bill, and it is very very frightening how many people do not understand what is really happening in the financial markets.

[DrDea]

It is going to be a earmark laden agreement - it is going to be a band-aid over a wound that needs surgery, it is going to be a political based -taking care of my friends- bill, and it is very very frightening how many people do not understand what is really happening in the financial markets.

  Ahhhh that would make it a "Police action" then

[FrodeMk3]

In keeping with the original topic of the thread...The dow is down again, about 120-140 points from yesterday.

[john9001]

question:: is the stock market going to go up or down?

answer:: yes.