Make fun of this!

Quote from Wayne Gibbous:

Okay. I'll make fun of it! :p

...The S&P 500 gained 7.1 percent to 822.92, its biggest increase since Oct. 28. The Dow Jones Industrial Average jumped 497.48 points, or 6.8 percent, to a five-week high of 7,775.86...

Just kiddin' Who'd a thunk we'd tack on an instant 7%???

Good trading to all. :cool:
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Yeah, yeah. Pile it on...I can take it.
 
Quote from Smart Money:

Yeah, yeah. Pile it on...I can take it.
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The market is giving back its gains, resuming the selling that should have started in earnest on Monday. If the markets are down 5% from yesterday's close (maybe between today and tomorrow combined), my chart's telling me it will keep moving down from there to correct from a couple weeks of rallying. Your mileage may vary.

SM
 
Thanks, again. Hope you're getting the same answers through different methods. My 3-day holding expires tomorrow. I'm waiting to see how close we get to that line and which way we go thereafter to place a bet. Too dangerous either way since my time horizon is longer than most. Maybe I'll play half or something if I think I see something. Sorry this is turning into a journal.

On Friday we started to see Mr. Hyde. Over the weekend, the government threw some fairy dust on him, and now we have Dr. Jeckyl, who may be turning back into Mr. Hyde. I wanna see whether the fellow starts treating his medical patients or killing innocent bystanders before deciding how good the fairy dust works. One things for sure...if the market does turn south, its going to demoralize a lot of the less than sophisticated investors/IRA holders who are always longs. For that reason, I kinda hope I'm wrong and it moves up from here.

SM
 
Sorry! I was just pulling your leg. Do not take advice from the the Internet. Take any money that you have left and invest in real education.
 
Quote from ivanbaj:

Sorry! I was just pulling your leg. Do not take advice from the the Internet. Take any money that you have left and invest in real education.
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I'm not taking advice. I'm giving it. I've (literally) paid my tuition and I've watched markets for 30 years...time to act. Wish that you had been serious but I appreciate the admission.
 
Heh, as an aside, Geitner was saying in his joint testimony that the Government needs a mechanism to shut down large firms. And hey, if you take a loan, the government may just tax you 90% if it doesn't like the way you do business. Scary, scary. Would *YOU* take a loan from a lender with that kind of attitude? What good is a bail out package if folks are scared to take it? Its like they're trying to kill the market.
 
Sorta looks like we're going to resume the overdue correction. But I stress that a trend won't be established unless the markets fall another percent or two tomorrow. If it does, I'm shorting.

SM
 
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