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New York - U.S. Stocks Skyrocket Nearly 900 Points |
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Oct 28, 2008 at 03:04 PM
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It was clear from the opening bell that volatility would reign once again: The Dow Jones Industrial Average shot up more than 200 points in the first minute of trading and kept going to about 300. A confidence report chipped away at those gains until there was virtually nothing left. By early afternoon, the blue-chip index, along with the S&P 500 and Nasdaq, were back up and soaring to session highs.
The day's advances were attributed to bargain hunting and expectations that the Federal Reserve will announce a rate cut tomorrow.
The Dow Jones industrial average added around 889 points to close at 9,065.00
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Read Comments (11) — Post Yours »
1
Oct 28, 2008 at 04:09 PM Anonymous Says:
this is good news
2
Oct 28, 2008 at 04:09 PM Anonymous Says:
Another Late session ( short squeeze ) for those who shorted the market in the last few sessions,
This market will make new lows in the days and weeks ahead
this was just a dead cat bounce
3
Oct 28, 2008 at 04:10 PM Anonymous Says:
It's because of McCain Palin!
4
Oct 28, 2008 at 04:13 PM Abba Says:
I wish the dow would go up like this every day.
5
Oct 28, 2008 at 04:37 PM THANK THE ALMIGHTY Says:
MAY THIS BE THE START OF GOOD DAYS COMING AHEAD OF US! MAY THE DOW KEEP CLIMBING UP! THANK YOU SO MUCH HASHEM!!!!
6
Oct 28, 2008 at 04:41 PM Anonymous Says:
JUST WAIT TILL TOMMOROW AND SEE IT WILL GO DOWN AGAIN JUMPING UP A DROP AND DOWN ALOT
7
Oct 28, 2008 at 05:10 PM Anonymous Says:
“ JUST WAIT TILL TOMMOROW AND SEE IT WILL GO DOWN AGAIN JUMPING UP A DROP AND DOWN ALOT ”
Why are you so pestimistic? Where's your bitachon? Hopefully this will be the start of the market's good times coming back! & if chas veshalom goes back down a bit, with Hashem's help it will pick up again! Let's look at the positive side & hope for the best. There's no hope in worrying... because eventually at the end of the day, week, month, year, or after 120, we will see why all this had to happen and how it was for ou good!! May we see the coming of moshiach bmharah byameinu!
8
Oct 28, 2008 at 07:06 PM AuthenticSatmar Says:
Every time a poll comes out that shows McCain actually stands a chance of winning the market goes up, and when Obama goes up, the market goes down.
Seasoned investors and those who actually work hard for their money know how expensive and damaging Obama's plans for economy truly are.
9
Oct 28, 2008 at 08:43 PM Anonymous Says:
“ Why are you so pestimistic? Where's your bitachon? Hopefully this will be the start of the market's good times coming back! & if chas veshalom goes back down a bit, with Hashem's help it will pick up again! Let's look at the positive side & hope for the best. There's no hope in worrying... because eventually at the end of the day, week, month, year, or after 120, we will see why all this had to happen and how it was for ou good!! May we see the coming of moshiach bmharah byameinu! ”
let me tell u something a big jump in one day is not a way a bull market starts its rather a reaction that happens in a bear market after majer selloffs its jumping back adn than it statrts to go back down a bull market starts when finances all around gets in place and people are living a optimistic life and if u know its just the opposite but dont give up hashem will help us to go this by (is this is a bull market do u expect to see dow 16,000 in 10 days?)
10
Oct 28, 2008 at 09:46 PM Anonymous Says:
scooping up shares of beaten-down stocks and sending the major indexes soaring. which ones?
11
Oct 29, 2008 at 11:46 AM Anonymous Says:
“ Why are you so pestimistic? Where's your bitachon? Hopefully this will be the start of the market's good times coming back! & if chas veshalom goes back down a bit, with Hashem's help it will pick up again! Let's look at the positive side & hope for the best. There's no hope in worrying... because eventually at the end of the day, week, month, year, or after 120, we will see why all this had to happen and how it was for ou good!! May we see the coming of moshiach bmharah byameinu! ”
the same bituchan that i had in the stockmarket the past month overthhere is my bituchon. bituchon means in hashem not in the stockmarket.