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At recent talks with business leaders, ministers were quoted as saying the 10% capital gains rate would still go up to 18% this April. http://newsvote.bbc.co.uk/2/hi/business/7205811.stm Their markets shouldn't take this news well.

Up several hundred points on no major news

What turned the market around?

Stay away from financials, don't try to pick a bottom.

Black is overused, just thought I would get a head start on jreynolds.

Not going to happen, market will be disappointed this time.

11,875.55

World markets are catching up to us, we didn't crash as expected due to Benny Boy. I doubt we follow tomorrow.

What do we close at tomorrow all mighty market predictor? :bowdown:

25 BP is my educated guess

WHERE IS BERNANKE????????????????????? I want a 25 BP cut in the morning. :D :D :D :D Investors/banks need to jam the market lower for another large cut next week. If we go up from here the Fed may not cut.

Good analysis but you are on your own there

Correct, I would go further into this but I paid a large amount of money to learn arbitrage. Therefore I would need to get paid. :D

Large investors are realizing we need to sell off some more so the Fed is forced to cut 50 more basis points next week.

Love it :D

Other countries are having to cut with us this time around

Simple supply and demand. For that one moment in time there were so many sellers, pushing up supply, that the price had to adjust downward to attract buyers (demand). Make sense? Thats the market.

Exactly my thoughts, guy was probably coked out.

The short fall stopped at support for the day. I am not going to predict what happens the rest of today.