S&P 500 Index futures up 6%; Dow Jones Industrial Average futures rising 4.9%, and Nasdaq-100 ($NDX.X) futures gaining 5.4%
Investors around the world are watching the development of bank rescue plans in Australia, the U.S. and Europe, as officials scramble to pull such plans into shape .
The U.S. Treasury official in charge of the bank rescue plan, Neel Kashkari, is to speak today at 8:00 a.m. ET.
Investors are reacting well to the efforts, and there is hope for a good open on U.S. markets today, as stock index futures are climbing with S&P 500 Index futures up 6%; Dow Jones Industrial Average futures rising 4.9%, and Nasdaq-100 ($NDX.X) futures gaining 5.4%. This follows futures trading on Sunday night which saw index futures up 3.7% on average, a change which signaled that the Dow would open today as much as 353 points higher, with the S&P 500 expected to jumping 47 points at open.
http://articles.moneycentral.msn.com/Investing/Dispatch/mark... http://www.youtube.com/watch?v=qNZdba8hDDY
amazing...
AMAZING WHAT UNLIMITED DOLLARS CAN DO... FREE MONEY FOR EVERYONE!
In all seriousness, wanna bet the market tanks before the end of the day? I'm guessing a negative close, but it will def be in the 100 point max gain.
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Stock up, it's gonna be a long winter.
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A great empire, like a great cake, is most easily diminished at the edges. - Ben Franklin
My gut says three days of
My gut says three days of this, then it will start tanking again.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
Just remember. Dow and S&P500 numbers are in DOLLARS.
The idea is to inflate the dollar to the point where the numbers look good but the real value has collapsed. Of course the market value has to go down. We just found out all of our banks are bankrupt. Duh!!!
Pay no attention to those
Pay no attention to those fins in the water--there are NO sharks on our beaches!
-Amity Island Town Council.
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
SUPPORT OUR FOUNDERS' AMERICA
Support the Constitution of the United States
Thx for the laugh!
.
How long will the expected bounce be?
I'm seeing in a number of places the market is over-sold and due for a bounce before resuming a downward trend to 7,000 range (possibly further).
My MOM didn't listen and move her 401K to safety. I imagine a bunch of folks are in the predicament. I am thinking she should wait for the (near) top of the bounce and cut her losses-she is retired already.
What's the line on the duration/level of the bounce?
THX
if she is already retired
if she is already retired she shouldnt have had her money in risky stocks.
But yeah there should be a bounce back of the now undervalued stocks.
No kidding
So much for listening to your children but she's ready to listen to me over the advisor now that she's down 40%
See? Problem solved.... everyone back in the pool!
(just keep a life jacket handy)
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Just a bounce
I don't know how much this has to do with the central banks. Most investors were expecting a rally friday, but it held off until today. The market was oversold, or at least people felt that it was oversold.
There will probably be a short term recovery, then things will flatten or fall again.
Happy Days Are Here Again!
Yeah, crisis (crises) averted! Our banker and government heroes have saved the day! The asteroid isn't going to hit the world, the volcano isn't going to blow, Godzilla isn't going to destroy Tokyo, Gorgon isn't going to walk all over London, and Aa-Rabs are not going to take out the towers!
Until the next bank fails.
up
Dow +412.26+4.88%
8,863.45Nasdaq +77.62+4.71%
1,727.13S&P +42.54+4.73%
941.67 Lets see if they pull their money back out at the day's end or let it ride awhile.
If voting could really change things,
it would be illegal. Here is hoping for change!
But will it last?
Or will Kashkari's statements be understood for what I think they actually are?
Or... is the opening boost just a sign of "relief" over the fact that TPTB didn't pull some hugely nasty shenanigans this weekend (there were rumblings... but nothing happened... yet anyway.)
A failed rally of this magnitude
Devistating.... If the day ends down, Worst case to be realised, finishes up still not a positive sign .
If voting could really change things,
it would be illegal. Here is hoping for change!
Already dropped a bit from initial peak... back to opening $
It's like being in a Chinese curse: May you live in interesting times!
It is an interesting time to be Alive
Peace, Dan
If voting could really change things,
it would be illegal. Here is hoping for change!
bump
for info.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Another "official Government speech" -- don't they know...
that everytime one of them does another TV speech... that the markets drop another 4 or 5% as a result.
Or is this what they WANT to achieve?
Seriously, it makes you wonder sometimes, doesn't it.
Probly
planned to impload the market
If voting could really change things,
it would be illegal. Here is hoping for change!
Take this opportunity to get your money out first.
Independent people don't need banks, don't need credit and don't need the government. If people would just stock up on food, supplies and keep their wealth close to them to invest locally without enriching the bankers and government then the economy won't be as easily manipulated.
grant