Stock markets finally rose with investors heartened by coordinated global intervention into the financial crisis and amid signs that the credit freeze was beginning to thaw a bit. [WSJ]
Post a comment
Comments:
To understand the stock market, don't study business. Study psychology focused on herd mentality. Investors are like the big flock of seagulls from Finding Nemo.
BUY! BUY! BUY! BUY! BUY!
@starrion: That's a big part of it, one of the silver linings of this mess is that it will get amateur investors out of the market. Perhaps they are now terrified or are simply broke; as long as they are out we can move forward.
I'm selling when it hits 9021.0
Famous last words...
I'm not saying it will happen, but the stock market could fall 656 points or more in about 53 minutes (and actually end up going down for at least the 9th straight trading session).
isn't the stock market closed on columbus day?
So, if Paulson would have gone forward with The British Plan from the offset, instead of his cockamamy trust-me-with-$700B-to-buy-toxic-assets-with-no-review one, how many weeks wouldn't have been wasted? How many trillions of dollars in evaporated market cap saved?
Lords save us from people too arrogant to listen for better ideas not from our mouths...
@Squeezer99: I had thought so, too, but looking at Google Finance, I see that it is, in fact, plugging along.
@Jonbo298: that's just what the US is spending... you forgot the $800bn the UK spent, and i have no clue how much the asian countries, or other europena nations, spent.
But...we must blow $700 billion dollars to save it more!