Holy Shit! Anyone see the stock market today?

[CLKeenan]

Dow up 10%?? Jeeeeeeeeez

 

[Falian]

Wonder if it's just the calm before another storm or if the boat is actually heading back through clear waters.

 

[MCRunning]

For sure, up 889 points. Made up for all of last week pretty much.

 

[MattDunbar]

Dow up 10%?? Jeeeeeeeeez

Anyone make some good money on this?

 

[popeye]

I saw it all the way to the bank!

 

[Rusky]

I hear the market is still over inflated and will anticipate another huge drop. But I sure do appreciate the cheaper gas. Finally under 3 doll hairs.

 

[MCRunning]

And the Feds are supposed to cut interest rates tomorrow. Though tomorrow will prob be a profit taking day.

 

[elucidex]

All this does is make up for a lot of prior losses, and it'll collapse again.

 

[kingrage]

A nice bounce, but expect it to fall like 500+ points tomorrow probably as everyone sells off for profits.

 

[ArtDeco]

Yeah, It will drop like a rock again, I think . After all nothing changed in the news or the economy.

 

[tiger325]

somehow I dont think its over quite yet

 

[HarveyJ]

This is what we call a "dead cat bounce"*
Basically, it'sa gain that comes from all the people that buy into shares that they think have gotten to their lowest point. At that time, because of a whole heap of purchases, you get a slight uptick in the value of stock.
Of course, the problem is that all these arseholes then go and pat themselves on the back for buying at the right time and sell out, which devalues the stock even more, and then pat themselves on the back for selling out at the "right time" because they got in before the REAL downfall (which they actually caused).
The smart investors buy in after the DCB.

* It is derived from the notion that "even a dead cat will bounce if it falls from a great height".
Thanks, Wikipedia!

 

[AdHustler]

FINALLY...ive been hemorrhaging money in my portfolio lately

 

[BigWill]

I just got in on some good plays a few days before. Taking profit tomorrow.

Will get back in after another dip.

I love free money

 

[Falian]

This is what we call a "dead cat bounce"*
Basically, it'sa gain that comes from all the people that buy into shares that they think have gotten to their lowest point. At that time, because of a whole heap of purchases, you get a slight uptick in the value of stock.
Of course, the problem is that all these arseholes then go and pat themselves on the back for buying at the right time and sell out, which devalues the stock even more, and then pat themselves on the back for selling out at the "right time" because they got in before the REAL downfall (which they actually caused).
The smart investors buy in after the DCB.

* It is derived from the notion that "even a dead cat will bounce if it falls from a great height".
Thanks, Wikipedia!

You sure it wont just splatter?